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Next-generation memecoin project Borpa is ready to launch omnichain financial game
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Dubai, United Arab Emirates, June 26, 2024, Chainwire
Next generation memecoin project Borpa announced the launch of its omnichain financial game, making it the first memecoin to deploy liquidity mining incentives on both Ethereum Virtual Machine (EVM) and non-EVM networks.
Scheduled for June 27 at 14:00 UTC, the historic launch introduces a unique financial model powered by robust economic mechanics designed to increase the value of the token through active community participation. Notably, Borpa raised $65 million in the Overflow round, underscoring strong investor confidence.
Unlike traditional memecoins that rely solely on speculation and hype, Borpa’s innovation uses a dual-theme branding strategy that combines the playful charm of memecoins with robust DEX AMM functionality.
“Borpa represents nothing less than the evolution of memecoins from a fun and, let’s be honest, purely speculative asset into something different, something altogether more valuable,” said Borpa founder and cryptocurrency veteran Psychonaut4975.
“By incentivizing liquidity across multiple chains with our game, we are taking the road less traveled and pioneering an entirely new approach, paving the way for a more sustainable, value-driven memecoin ecosystem.”
Incubated by Weaving workshops and built on its cutting-edge omnichain infrastructure, Borpa’s token distribution design is another aspect that sets it apart from typical memecoins, whose stealth launches centralize the majority of token supply to founders and insiders. In contrast, 80% of Borpa’s total supply goes to the community, including high APR farms of the aforementioned financial game.
This fair distribution mechanism, where rewards are proportional to the skins users have in the game, allows Borpa to allocate tokens on a meritocratic basis while generating widespread visibility as the first memecoin available on Ethereum, Solana, and other leading chains.
“The memecoin asset class is maturing rapidly, and Borpa represents its maturation: a fun and engaging project and token while offering real economic opportunities,” said Faisal Mehrban, founder and CEO of Entangle Labs.
“Borpa’s compelling mix of strong tokenomics, game theory and viral marketing, supported by our omnichain infrastructure, means it is perfectly poised to take advantage of the burgeoning meme season we are currently witnessing.”
Controlled by leading blockchain security firm Halborn, Borpa has already built a vibrant community of 120,000 people within three months of its launch, making it one of the fastest-growing cryptocurrency projects. Its pre-market price on WhalesMarket, meanwhile, reached ~$0.1, giving it a fully diluted value of ~$100,000,000 FDV. A figure that reflects the high expectations of the wider community.
The result of over a year and a half of dedicated research and development by a founding team with expertise ranging from market psychology to web3 technology, Borpa builds on the foundations laid by successful projects such as Dogecoin and Sushiswap and its next game represents the arrival of the bold new frontier of memecoins. .
About Borpa
Borpa is a pioneering memecoin project and financial play that ushers in the next generation of meme tokens and paves the way for incentives for participation in the omnichain. Built by a talented team of cryptocurrency and market psychology experts and supported by Entangle Labs, Borpa fuses playful meme branding with strong tokenomics to create a new experience ready to ignite meme season.
Contact
Faisal Mehrban
[email protected]
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