- BitMEX introduces TRUMP and KAMA coin memes that mix politics with cryptocurrency buying and selling.
- TRUMP and KAMA tokens are launched with distinctive market positions, which generated pre-election curiosity.
- Prediction Markets contracts on BitMEX enable hypothesis on the outcomes of the Trump and Harris elections.
BitMEX is about to launch two new memecoins, MAGA (TRUMP) and Kamala Terror (KAMA), impressed by the 2024 US presidential election. Buying and selling of those tokens will start on August 20 at 04:00 UTC on the BitMEX Spot platform.
The MAGA (TRUMP) token is impressed by Donald Trump's marketing campaign slogan “Make America Nice Once more” in 2016. It’s an Ethereum-based memecoin supposed for funding functions, though its creators have but to construct a wider ecosystem round it.
At press time, TRUMP was buying and selling at $2.72 with a buying and selling quantity of $1,519,120. Regardless of a small 0.16% drop over the past day, the token stays available on the market with a present market cap of $119,732,706 and a circulating provide of 43,997,357 TRUMP cash.
In distinction, the Kamala “Horris” (KAMA) token is a light-hearted tribute to Vice President Kamala Harris. Not like the MAGA token, KAMA goals to assist a community-driven platform the place customers can interact in discussions, share memes, and take part in occasions. KAMA presently has a value of $0.009640 with a buying and selling quantity of $1,081,727. Nevertheless, the worth of the token has fallen by 11.85% within the final day.
BitMEX added that it’ll facilitate the buying and selling of TRUMP/USDT and KAMA/USDT pairs. As well as, BitMEX emphasised that it’ll solely assist deposits of the tax-free TRUMP token on the Ethereum blockchain with a contract tackle offered by the platform.
Along with these new listings, BitMEX mentioned it would additionally introduce Prediction Markets contracts that can enable customers to invest on the end result of the presidential election between Donald Trump and Kamala Harris.
As Harris attracts assist from youthful and minority voters, her efficiency might have an effect on the cryptocurrency market, particularly if she takes the lead within the polls. Trump's bullish stance on digital belongings has already been properly documented and has added one other layer of curiosity to those memecoins.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any variety. Coin Version shall not be accountable for any losses incurred on account of the usage of mentioned content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.
