In this rapidly evolving cryptocurrency landscape, the launched “BOOK OF MEME” (BOME) token is gaining massive attention from crypto enthusiasts. The major reason behind BOME’s popularity is that it is a Solana-based meme token, similar to the dogwifhat (WIF) token. Following the launch of Book of Meme, its token BOME is currently experiencing a massive price surge.
In this article, we’ll get to know more about Book of Meme (BOME), how to buy BOME?, and many more things. So, read till the end, for better understanding.
What is Book of Meme (BOME) crypto?
BOME stands for “Book of Meme” and is based on the Solana network and created by Darkfarms, a well-known crypto artist. The main objective of this project is to establish a permanent storage library solution for meme coins. However, the concept was teased on March 10, with a full reveal on the 12th, unveiling the “BOOK OF MEME.”
Describing it as a versatile platform, Darkfarms compared BOOK OF MEME to a “shitcoin,” offering features like a renewable electronic magazine, a tool for creating memes, and a library of memes under the CC0 license. In simple words, BOME aims to become a hub for memes, offering tools for creation and access to a library while utilizing blockchain technology for ownership and distribution.
Additionally, on March 13, Darkfarms initiated a 24-hour pre-sale for BOME. Instead of setting a fixed price, participants were invited to contribute SOL (Solana’s cryptocurrency) to a designated address. The allocation of tokens was determined by the proportion of SOL each participant contributed.
Where to buy a BOME token?
As this token is based on Solana, this BOME also has the potential to skyrocket, similar to BONK and WIF. This is the reason why currently, crypto enthusiasts are looking at this Solana-based meme coin. Currently, this token is available on both centralized exchanges (CEX) and decentralized exchanges (DEX) such as:
- Uniswap
- Gate.io
- Binance
- KuCoin
- HTX
- Bitget
- Poloniex
How to buy a BOME token?
To purchase Book of Meme (BOME) tokens, you can utilize either a Centralized Exchange (CEX) such as Uniswap or Gate.io, or opt for a Decentralized Exchange (DEX) like KuCoin, among others. Here are the simplified steps for purchasing BOME tokens on a CEX:
Step 1: Create an account on a CEX where BOME tokens are available.
Step 2: Make a note of your seed phrase (Your account recovery code).
Step 3: Once your account is created, acquire Ethereum or Solana from any DEX.
Step 4: After ensuring that your account holds sufficient funds, navigate to the swap tab.
Step 5: Upon clicking on SWAP, search for the BOME token. Select the appropriate pair based on your available funds and initiate the swap.
Step 6: Following the swap of your Ethereum or Solana for BOME tokens, your account will now reflect the presence of BOME tokens.
This is the process through which you can purchase or add BOME tokens to your wallet.
Book of Meme (BOME) Tokenomics
BOME circulating supply: 55,199,727,655 (80% of total BOME supply)
Maximum BOME Supply: 68,999,659,569 BOME
Total BOME Supply: 68,999,659,569 BOME
Contract: Solana (ukHH6c7mMyiWCf1b9pnWe25TSpkDDt3H5pQZgZ74J82)
Is it worth investing in a BOME token?
Book of Meme (BOME) was recently launched, and due to its foundation on Solana, crypto enthusiasts are showing a strong interest in this token. Despite the market correction, this token has garnered massive attention, with BOME jumping to Rank 138 by market cap in just over 48 hours since its launch.
However, BOME’s trading volume in the last 24 hours has reached $2.28 billion from both CEX and DEX. This indicates that traders and investors are making significant moves into these meme coins.
Although it is early and risky to invest in such meme tokens, there are many more blue-chip cryptocurrencies available for investment, such as Bitcoin, Ethereum, or Solana, which are less risky compared to newly launched meme tokens.
BOME token latest news
Recently, Todayq News on March 16, 2024, reported that a crypto trader made a massive profit of $4.3 million by trading BOME tokens. According to the report, this trader initially spent 3,505 SOL worth around $645K and bought 532.45 million of BOME tokens in the presale.
As this token opened for trading after 10 hours, this trader sold all his BOME holdings for 26,933 SOL worth around $4.95 million. With this new Solana-based BOME meme token, this trader made a massive $4.2 million in just 2 days. Additionally, this is not the only trader who made a massive profit in the BOME token; a retailer also made a decent profit of $127K in just 14 hours.
