On Friday, July 12, 2024, the $JUICE team announced plans to launch the memecoin in collaboration with GotBit Hedge Fund. According to the press release, this strategic partnership aims to achieve market stabilization for their token.
$JUICE positions itself as the first healthcare-focused memecoin project, aiming to promote health and welfare in the crypto sector through partnerships with leading healthcare foundations and exclusive exchange listings. The project intends to build upon the success of similar food-themed and Solana-based memecoins, $BEER and $WATER, by introducing health-related features to its ecosystem.
The self-proclaimed “drinkable memecoin” will offer users staking and token-burning capabilities, along with other significant benefits, such as “health screenings, personalized advice, and even a high-end massage chair.”
According to the press release, the token’s presale will start on July 19 at 15:00 UTC. The team urged interested parties to visit the project’s website for more detailed information.
Notably, $JUICE employs two primary mechanisms for maintaining coin stability: “oxidation” and “free radical removal.” These terms, derived from the project’s healthcare theme, represent staking and coin burning, respectively.
The team also revealed plans to implement a flexible token supply approach to minimize investor stress while maintaining market stability. Additionally, they will offer token vesting for key influencers and partners to create long-term value, and impose a maximum investment limit per wallet to prevent financial strain from excessive speculation.
Meanwhile, this partnership follows GotBit Hedge Fund’s recent collaboration with Solana-based memecoin protocol Moni. After $Moni token’s launch on Raydium, GotBit Hedge Fund pledged continued support for the team and similar projects, highlighting its expansion plans in South Korea.
RELATED:
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”