The MemeHive tribe has just taken another step in expanding our MEME token ecosystem. We are thrilled to announce the creation of the fifth pool for the MEME token on Hive-Engine. This new diesel pool on Tribaldex is MEME:PEPE, and it’s set to bring even more trading opportunities and liquidity to Hive's meme community.
By adding another Hive-Engine MEME pool, we’re enhancing the liquidity of both MEME and PEPE tokens, making it easier for users to trade and engage with these tokens.
The MEME:PEPE pool is poised to attract more crypto traders and meme enthusiasts to our tribe, fostering growth and increasing the value of our ecosystem.
It is also worth noting that MEME:PEPE is the second pool for the Hive-Engine PEPE token, following the SWAP.HBD:PEPE pool. This addition further solidifies PEPE token's presence on the Hive platform and provides additional options for those looking to trade PEPE tokens.
While MEME:PEPE is the second pool for the PEPE token on Tribaldex, it is the first PEPE token pair that isn’t tied to a stablecoin. As described in a recent post by @pepetoken, the PEPE token could eventually see more diesel pools in the future. The MEME:PEPE pool can act as a test, demonstrating that there is support for additional PEPE pools.
Currently, the total liquidity for SWAP.HBD:PEPE is around $33 USD. @memehive has set a goal of achieving $50 USD total liquidity for MEME:PEPE by the time this post pays out in 7 days.
To encourage participation, a distribution contract has been set up for MEME:PEPE. There is a 1% bonus for liquidity providers each day for the next 500 days. This incentive is designed to attract more liquidity and ensure the pool’s success.
Image Source: Tribaldex.com
Image Source: Stable Diffusion
