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$JUICE Partners with GotBit Hedge Fund to Launch the World’s First Healthcare Memecoin

12 July 2024
in Memecoins, News
Reading Time: 3 mins read
105 7
Home News Memecoins

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:

  • Binance Nears Deal to Sell Majority Stake in South Korean Exchange Gopax
  • Ethereum and Solana Experience Memecoin Boom: Over 1 Million New Tokens Launched Since April
  • South Korea Ramps Up Oversight on Crypto Exchanges with New Monitoring System

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Precious James

Precious James

Precious James is a seasoned forex and crypto trader who loves sharing insights through engaging and accessible content. When not analyzing markets, Precious enjoys quality time with their beloved dogs. This blend of expertise and personal passion adds a unique, relatable touch to Defi Planet's content.

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