Book of Meme (BOME) is an airdrop project announced by a meme artist named Darkfarms. It quickly landed on Uniswap and rose by five figures. The project has continued to shine with its meme-based appeal and has been listed on multiple cryptocurrency exchanges.
This guide will explain how to buy Book of Meme and review the best exchanges that have listed this meme asset. We will end the article by informing you of a better option.
A Quick Guide to Buying Book of Meme Tokens
Book of Meme (BOME) quickly became a sensation after it landed on decentralized exchanges and was listed on 48 different cryptocurrency exchanges. Here are the steps to buy BOME from one of the trading platforms.
Step 1 - Choose a cryptocurrency exchange and create an account:
Check out our brief review of some major exchanges and choose an exchange that you think is suitable for buying Book of Meme tokens. Create your account quickly.
Step 2 - Verify your information to start trading:
Head to the exchange of your choice and verify your details to start trading.
Step Three - Deposit the required funds to purchase Book of Meme tokens:
Find out the minimum deposit requirements of your chosen exchange. Make a deposit and ensure you have enough funds to buy BOME. Buy one of the BOME trading pairs through the spot trading feature.
Step 4 - Move BOME to a private wallet:
Once you have purchased BOME tokens, transfer them to a private wallet for safe keeping.
Buy BOME Now
Where to buy BOME?
As we mentioned before, BOME is now listed on 48 exchanges. However, only a few of them have the conditions to buy Book of Meme tokens. Here are the top four exchanges:
1. Binance
Binance is one of the first Tier 1 exchanges to list Book of Meme (BOME) and offer the token on the spot exchange. The BOME trading pairs it supports include BOME/BTC, BOME/USDT, BOME/FUSD, and BOME/TRY.
Since BOME is a volatile asset, Binance listed the meme coin and applied the Seed tag. This monitoring tag requires investors to pass a test every 90 days. It replaces the Innovation Zone and will list the most volatile assets.
Binance is the largest cryptocurrency exchange on the market and is the first choice for anyone looking to buy BOME. The platform features asset diversification tools, earning programs, learning programs, and an NFT space for those who want to stay connected to the cryptocurrency market.
In addition, Binance has a good fee structure. For regular users, it only charges a market maker/dealer fee of 0.1%. For VIP users - investors with a trading volume of more than $1 million, the fee is reduced based on the number of BNB tokens they have in their Binance account.
Binance has more than 182 million users worldwide and has listed more than 400 assets. The platform also provides an asset monitoring tool that allows users to monitor the market value of all listed assets before making any investment decisions.
Although the advantages of this exchange are many, Binance has recently suffered a lot of trouble with regulatory issues. As a result, it has shut down operations in many countries. US users need to visit Binance.US to trade.
advantage:
Leading Cryptocurrency Exchanges
Provide multiple BOME spot trading pairs
Only 0.1% market maker/market maker fee
More than 400 cryptocurrencies listed
Provide a variety of promotions
High liquidity
shortcoming:
Not available in the United States - Binance.US is available in the United States
Visit Binance
2. MEXC
MEXC was the first exchange to list BOME, adding the BOME/USDT trading pair on its spot exchange on March 14, 2023.
Founded in 2018, MEXC has become one of the world's leading cryptocurrency exchanges. On CoinMarketCap, MEXC is ranked the 11th largest cryptocurrency exchange by market capitalization.
One of the standout features of the exchange is its low fees. It only charges a spot market maker/market maker fee of 0.1% and no market maker fee for futures trading. The market maker fee for the futures market is set at 0.02%. The platform also hosts multiple events. For example, at the time of writing, the spring finals of the March Futures Competition are underway with a prize pool of 6 million USDT.
In addition to futures competitions, MEXC also organizes holding events. It frequently lists some of the leading memecoins and promising cryptocurrencies, making it one of the best exchanges for those looking for new cryptocurrency ICOs.
The platform also receives good reviews in terms of security. However, the exchange does not accept withdrawals in fiat currencies, which forces BOME holders to transfer their assets to external wallets that support fiat currency exchange.
advantage:
Ranked 11th in terms of cryptocurrency exchanges
Only 0.1% market maker/market maker fee
Provides a large selection of meme coins
More than 180 trading pairs available
Regular events to keep the cryptocurrency community active
shortcoming:
Not available in all countries
No legal currency exchange is supported
Visit MEXC
3. KuCoin
KuCoin was the second centralized exchange to list BOME, including it in its list of spot trading pairs on March 15, 2024.
The cryptocurrency exchange has become a platform for new tokens. New cryptocurrencies that have just entered the market and show growth potential are often listed on KuCoin. KuCoin is supported in more than 200 countries and regions, has listed more than 700 cryptocurrencies, and serves more than 30 million investors worldwide.
In addition to spot trading facilities, KuCoin also supports cryptocurrency derivatives and has leveraged tokens. Like most modern leading centralized exchanges, it also supports trading bots, allowing users to invest autonomously.
In addition, KuCoin also has a unique Web3 section through which it supports Web3 projects such as zero-fraction NFTs. The exchange recently added Halo Wallet and created a KCC community chain.
KuCoin adopts the same fee model as Binance. Market maker/market maker fees start at 0.1% and gradually decrease with more trading volume and the amount of KCS (KuCoin’s native cryptocurrency) held. However, the platform’s user interface is not the best choice for beginners as it requires a certain learning curve.
advantage:
Support leverage and derivatives trading as well as spot trading
Provide investment diversification opportunities
Has trading robot functionality
Support for NFT Market
Low cost requirements
shortcoming:
There is a certain learning curve to using the exchange’s user interface
Visit Kucoin
4. Bybit
BOME was listed on Bybit at the same time as Binance. As one of the leading cryptocurrency exchanges, Bybit has always been a pioneer in providing a platform for new cryptocurrencies.
In addition to providing spot trading facilities, Bybit also offers benefits such as swaps without slippage, margin trading, OTC trading, Spot X, pre-market trading, and trading robots. The exchange also offers tools such as TradeGPT, an AI-driven trading facility and position builder.
Those who want to stake their tokens can do so through Bybit’s earn program. The platform also supports crypto loans and offers a Bybit Card, which can be used to purchase everyday items. Recently, it has also added new features such as Airdrop Arcade and APEX. It also supports an NFT marketplace.
It also provides an IDO section that allows users to participate in newly launched tokens and receive very high returns. For example, the recently completed projects StarHeroes and Aether Games had an ROI of up to 5979%.
In terms of fees, Bybit’s spot trading fee starts at 0.2%. Those who become VIP users of the platform can enjoy a fee discount of 50%.
advantage:
Provide a variety of trading facilities
Support Earning Program
Autonomous trading facility powered by GPT
Support for NFT Market
Low cost requirements
shortcoming:
The UI design may need improvement
Visit Bybit
What is BOME?
The official website of Book of Meme describes BOME as an experimental cryptocurrency that changes the definition of web3. The project aims to provide memes, decentralized storage, and shitcoin trading/gambling through a platform, gathering all memes in one book.
Book of Meme is developed using the Solana blockchain and uses Arweave and IPFS to store its assets. These assets include memes, space for future expansion, and Bitcoin inscriptions. Book of Meme is described as "immutable" permanent storage, and its ultimate goal is to launch a decentralized social media that makes memes "unstoppable."
What are the main features of Book of Meme?
Here are the main features describing Book of Meme:
Meme Confluence
Book of Meme isn’t just focused on one specific area of memecoins. Investors won’t find it paying homage to just one doge type or any animal type meme. It covers all memes, providing a page listing meme images for people to download and use on their own social media platforms.
Meme creation tools
Book of Meme has launched a simple DFI Meme Enhancer. This meme generator-like tool allows users to upload their images and turn them into memes. According to the description on the website, the memes will have a pixelated effect like the internet in the early 90s. Book of Meme is high on nostalgia.
Meme NFTs
The unreleased memes are presented as NFTs on the platform. The platform said users can also own links to these memes.
Prices of Book of Meme
As we mentioned before, Book of Meme was listed as an airdrop project, which was conducted within 24 hours. After that, the token was listed on Uniswap and other cryptocurrency exchanges. The project quickly rose after being listed on centralized and decentralized exchanges.
DEXtools.io shows that the Solana-based meme coin rose by more than 2,000,00% on the 15-minute price chart. Since then, BOME has been on a downward trend. However, its market capitalization still remains at $919 million, making it one of the top cryptocurrencies by market cap.
However, the coin’s value has started to decline further. More red candles have started to form, indicating that investors are gradually withdrawing their investments. The positive side of this situation is that the RSI is approaching the oversold zone.
BOME Price Prediction
The arrival and appeal of BOME makes it more attractive as a short-term token than as a long-term asset. Although the project lists multiple utilities, most of them may not help it to persist in the long term. That is why our predictions are limited to how it will perform in the next three to four months.
The coin’s falling RSI is slowly approaching 30, which means that BOME is just a few points away from the oversold zone. This could lead speculative investors to come in and make BOME rebound.
A rebound is still possible as even Dean Crypto Trades says the market is currently in a “degraded state.”
Whether the token performs well in the long term will depend on its continued engagement on social media platforms and upcoming utility tools. Darkfarms, the creator of Book of Meme, said that more generated pages and some degradation games are coming soon, which may bring more attention to BOME on social media and drive its value up.
Is BOME a good investment?
BOME is a very honest meme coin. The developers intentionally released it as an airdrop and then created two liquidity pools at a high starting price so that people can sell.
Although these words are said in jest, this transparency shows that BOME is not trying to make any special moves in the market. Its goal is to take advantage of the current bull wave of memecoins and continue to increase in value while creating an interesting ecosystem.
This makes Book of Meme a suitable investment option for day traders. As more utility is introduced and the token continues to see engagement, we may see the price of BOME rise. However, this is not a guarantee as the market remains uncertain.
How to buy BOME?
The ways to purchase BOME are as follows:
Trading Pairs
All the cryptocurrency exchanges we listed above have added BOME to their spot trading pairs. They include USDT and other cryptocurrencies. These trading pairs are easier to interact with, and the market maker/market maker fees on the above exchanges are only up to 0.2%.
Credit and Debit Cards
A more traditional way to buy BOME is to use credit and debit cards. However, this can be difficult as BOME is not as popular as other meme coins on the market. Most exchanges only list BOME as a trading pair. As the coin becomes more popular, it may also attract fiat currency investors who can open exchanges to allow the purchase of cryptocurrencies with credit or debit cards.
Which cryptocurrency wallets support BOME?
Since BOME is built on the Solana blockchain, investors need access to a Solana wallet to purchase it. We recommend that you use leading wallets such as Ledger, Phantom, Exodus, MathWallet, Glow, Solflare, and Trust Wallet to store BOME.
Dogecoin20- The best alternative to BOME
Although BOME has had a promising start in the market, this may not last long. Signs of a correction have already begun to emerge, and with Bitcoin’s halving approaching, many may take steps to prevent losing funds due to the upcoming volatility.
Therefore, cryptocurrency investments that allow investors to participate early without being affected by live market uncertainties are a wise choice.
Chief among these memecoins is Dogecoin 20. Dogecoin 20 is billed as a greener alternative to the standard Dogecoin and an attempt to move Musk’s favorite coin to a greener blockchain.
Dogecoin20 is built on the Ethereum blockchain and is a proof-of-stake token that combines Ethereum's proof-of-stake mechanism with the broader appeal of DOGE. DOGE's appeal can help the token stay discussed for longer, and users will also receive long-term passive benefits due to proof-of-stake.
Dogecoin20 is also a deflationary token, allowing users to benefit from scarcity. However, similar to Dogecoin, the goal of Dogecoin20 is also altruistic. 35% of its total supply of 140 billion DOGE20 tokens are part of the ongoing pre-sale event. Investors can visit dogecoin20.io to participate.
in conclusion
Book of Meme is the latest hot thing in the memecoin space. It has been rising rapidly on the price charts and has quickly attracted attention from major exchanges. While these factors sound positive, there is a humble truth hidden in it. Like most memecoins, it will also fall. Although it has some utilities that may give BOME a long-term upside, nothing is certain. The aesthetics of the project are too subtle and we can say that it is trying.
Therefore, a better investment decision would be to put a portion of your funds into Dogecoin 20. This pre-sale memecoin follows in the footsteps of the OG cryptocurrency Dogecoin and offers unique upside through staking.
Visit Dogecoin20 Presale
FAQ
What is Book of Meme?
Book of Meme is the newest cryptocurrency on the memecoin market. Built on the Solana blockchain, it is an art-based memecoin project that plans to launch a decentralized social media platform in the future. Currently, it offers a meme generator-like benefit that can transform standard pictures into early 90s-style pictures.
Is Book of Meme a good investment?
Book of Meme has quickly climbed higher since entering the cryptocurrency space. It has done so by leveraging its appeal as a meme coin. So while it has advantages as a short-term asset, if investors seek cryptocurrencies with long-term upside, they must look for other options.
Who Created the Book of Meme?
Book of Meme was created by an art producer/graffiti master named Darkfarms and a memecoin influencer on X (formerly Twitter).
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