0x Consulting Group has entered into a strategic partnership with SphereX, a Meme-focused decentralized exchange.
Background of the Partnership
In Japan, Meme tends to be avoided due to its speculative aspect or its value is downplayed due to its lack of utility. On the other hand, globally, Meme is valued for its “community features” such as providing the will to belong, reducing anxiety through humor, and maintaining a pioneer culture in the blockchain industry (developers in the Meme community develop features for free) as the utilities it has.
In addition, Meme tokens tend to attract the attention of speculators due to their potential to maximize their wealth-generating effect on ordinary traders, in many cases without VC intervention. CMC market capitalization shows that 13 of the top 20 tokens that have outperformed BTC are Meme issues.
SphereX has decided to make a full-scale entry into Japan, a country with high virtual currency trading volume, as it moves forward with its campaign to airdrop unlisted tokens $HERE.
The DEX plans to offer Meme-DAO functionality, creating Meme communities for each issue, an unusual positioning for a DEX.
0xC sympathizes with the current market affinity and SphereX’s commitment to the community context, and will support this project’s entry into Japan.
We fully support SphereX’s entry into Japan and will create opportunities to promote the essential features and culture of Meme tokens in Japan, which are attracting the attention of the entire Web3 industry.
About SphereX
SphereX is a decentralized exchange (DEX) that aims to create a trading environment in which everyone can participate, with a focus on fairness, accessibility, and individual empowerment through financial democratization.
Combining cutting-edge technology with a user-friendly design, the platform features advanced security, solutions that generate smooth liquidity, and reliable on-chain KYC using DID technology.
The project aims to create a financial revolution using technology to build a fairer and more inclusive economic system, and to open up a new financial future by making the complex world of DeFi understandable and usable for everyone.
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