How does XT.COM discover the hundredfold alpha benefits of the Meme ecosystem?
Recently, there has been an interesting discussion in the crypto community: In this meme wave, which CEX is the best performing in your opinion? The ones frequently mentioned by users are: XT.COM, Bitget and Gate.
XT.COM is among them, both unexpected and reasonable. Over the past six years or so, XT.COM has been performing at a mediocre level, at the mid-to-upper level of the second tier.
In this Meme wave, XT.COM changed its conservative style in previous years and began to actively embrace the industry trend. It launched dozens of Meme coins including BOME, SLERF, IQ 50, DEGENBASE, etc. For example, SMOLE was even launched at almost the same time as Swap. The income after listing some currencies once exceeded 100 times, and it can be called an alpha digger.
1. XT.COM leads users into the Meme wave
In this round of Meme craze, we have witnessed the mythical story of raising tens of thousands of SOL with only one contract address, and we have also witnessed that the market value of BOME went from 0 to 1 billion US dollars in just three days, and it was also the fastest to go online. According to Binance’s historical record, the earliest participants of various Memes even received hundreds of times in returns.
Turning around, the vast majority of market participants will discover a sad fact. They dont seem to have made any money or even lost money from the Meme wave. Bicycles turned into Mercedes-Benz are just other peoples stories on Twitter.
Why is there such a huge gap in the same market? The core reason isOrdinary users have a long way to get access to Meme coins, and it is difficult to get on board immediately and they miss out on wealth opportunities.
Generally speaking, the development paths of various Meme coins are:
1. The project team will first establish liquidity on DEX and publish the smart contract address on the official website;
2. A very small number of users go to DEX to make purchases, pushing up prices;
3. Market enthusiasm continues to rise and prices continue to rise.
4. Meme is launched on the centralized platform, allowing the largest number of users to trade.
The reason why the vast majority of users lose money is because they are at the last link of the communication chain and eventually become takeovers of leeks.Therefore, if users want to really make money from Meme, there are only two ways:
One is to use various BOT tools or even write your own scripts to rush into the pool as soon as the market opens.However, this link has high technical requirements and is not universal. Moreover, from a practical perspective, the effect of BOT tools is unsatisfactory.
Taking the authors own experience as an example, I used pepe and gmgn as soon as SLERF opened on March 18. However, because the market was too hot and the price fluctuated greatly, I was unable to complete the transaction, and ultimately missed this opportunity. There are also users in the community who have been sniped, buying at market highs, or suffering slippages of more than 30%.
It can be said that BOT products are not always efficient in this round of Meme. Sometimes popular items are not available, but non-popular items can be purchased by yourself, which is really a bit useless.
The second is to shorten the path for ordinary users to come into contact with Meme, turning the “last link” into the “first link”.To put it simply, the Meme currency is listed on the centralized exchange as soon as possible, preferably when Meme is open, and the shorter the time, the better, so that ordinary users will not take over, but will be the first early adopters.
Taking SLERF as an example, the on-chain opening time was 3:30 pm on March 18. Just one and a half hours later, XT.COM opened at a price of 0.05 USDT. It was also the first among all CEX platforms to launch SLERF. If users can buy after XT.COM goes online, they can still get considerable gains.
After all, the market base is still the largest number of retail investors, and they do not have the ability to operate on various chains. CEX, represented by XT.COM, launches various Meme projects in a timely manner, which can effectively meet the urgent trading needs of the market; bringing these retail investors into the Meme wave in a timely manner is also of great significance to the expansion of the Meme project itself.
2. Meme was launched for the first time, and XT.COM achieved great results
For CEX, high-quality assets are undoubtedly the core element to attract users to trade and retain. Meme has a high degree of market attention, and various CEX platforms cannot miss it, and have launched various Meme projects in the Solana ecosystem. However, XT.COMs performance is undoubtedly outstanding.
One is effectiveness. Meme has the characteristics of strong explosion and fast cycle. The earlier it goes online, the higher the income will be. For example, Binance was the last company to list BOME. Once it was listed, it reached its peak, and the price fell again and again. On the other hand, XT.COM was the first trading platform to launch BOME - it was launched at 17:00 on March 14, only 2 hours after the opening of the chain. BOMEs price still soared more than 40 times after listing XT.COM.
For other exchanges, many of them launched BOME on the second day after the market opened - at 17:00 on March 15. At this time, the market value of the token had reached 300 million US dollars, and the subsequent increase was not large.
The second is profitability.During the entire Meme wave, hundreds of projects emerged on the market every day, but most of them had a short life cycle, and some were even Pixiu Pan. Many players ridiculed themselves that these projects were group friends entrepreneurial projects, and they cut each other off. Allowing these projects to enter CEX is not only aiding evil, but also irresponsible to users. Therefore, for CEX, how to screen high-quality projects has become the primary consideration of the currency group on the platform.
Fortunately, XT.COM withstood the test and submitted satisfactory answers through strict selection. For example, the platform only lists Meme projects that have a broad user base and attract market attention, or the liquidity and market value reach a certain level.
BOME is just a microcosm. Most project Meme coins have achieved good gains after their initial launch on XT.COM. According to statistics, more than 43 Meme currencies have increased by more than 100% after being launched online, among which BOME has the highest increase, reaching 11,200%. As follows:
There is no doubt that XT.COM has truly lowered the threshold for users to access Meme and helped users obtain alpha returns (excess returns).
The third is value-added.It is more attractive for users to obtain other value-added benefits in addition to holding Meme coins, and XT.COM has achieved this. For example, XT.COM held a recharge and trading competition for BOME, which included recharge gifts, limited-time transactions, new user benefits, and a prize pool of up to 50,000 USDT. These welfare activities will also be basically mentioned in other Meme currency listing announcements.
The fourth is liquidity and authenticity.One of the biggest concerns of Meme players is whether the exchange is a data disk when it opens trading for the first time, and is controlled by the exchange. In the end, players are left at the mercy of the exchange. This is not groundless. An exchange once opened a post-data disk after the launch of FLOKIs new project TokenFi in an attempt to control the price. Later, because the projects tokens rose too high, the exchange suffered too much and had to shut down trading on its own, causing users to There were complaints.
In this regard, XT.COM has made great efforts. Taking SLERF as an example, in order to improve the liquidity of the project, XT. COM increased the trading depth by US$1 million, subsidized market makers, and tried to provide users with a top-notch trading experience. In addition, currency withdrawals from exchanges were also opened as soon as possible, and there was no restriction on users currency withdrawals, which proved that it was not a data disk and there was insufficient capital reserves.
3. Meme is not a bubble, XT.COM continues to carefully select
The bull market in 2024 will be very different from previous cycles. BlackRock and other Old Money continue to buy and buy, and the price of Bitcoin hits new highs one after another, which greatly boosts market confidence, not only brings incremental funds, but also revitalizes the existing funds in the crypto market.
These funds need to find a new target, and various narratives are emerging in endlessly, and Meme is one of them. Moreover, unlike previous cycles, the Meme sector was basically the last to rise, and then the market would experience a sharp correction. But in this cycle, past experience has not worked again, and the Meme sector continues to be hot, with one wave after another.
Meme has always been controversial in the encryption market, and words such as bubble and scam have been firmly attached to Meme. Many believe that meme coins distract from the innovation of the core technology of cryptocurrencies, with some claiming that they are inherently worthless.
However, in the view of Albin Warin, CEO of . As a form of cultural expression, meme coins will take time to earn peoples trust, especially in an industry wedded to decades of dogma about what value is. Moreover, Meme coins also have social value, as they are an important litmus test of financial freedom.
Users have trading needs, and our (CEX) responsibility is to meet user expectations and be user-oriented. If we blindly deny the value of Meme and go on the opposite side of users, users will eventually vote with their feet, and the exchange will not be far away from closing. . said Albin Warin.
User first is the purpose that XT.COM has always implemented since its establishment. From carefully selecting coins for listing to providing a variety of diversified crypto-financial services, XT.COM has always remained true to its original intention. This is also an important magic weapon that allows it to survive through several bulls and bears.
