Last Updated on: 21st November 2023, 08:36 pm
Nukem Loans, an isolated lending protocol designed for MEME coins, opened trading of its native token $NUKEM on July 12th. Trading commenced at 13:00 CET, and within the first 10 minutes, the volume surged above $500k on both the Ethereum and BNB smart chain.
The launch day was a success, achieving an aggregated trading volume of $833k, attracting a total of 85 new token holders. The price of $NUKEM experienced a surge of +50% from its floor price, which was set at $0.000192 after liquidity deployment.
Prior to the start of trading, liquidity deployment had taken place between June 20th and June 23rd. This resulted in the creation of a respectable liquidity pool on Uniswap – Ethereum (+$500k) and Pancakeswap – BNB chain (+$300k).
The Nukem team had raised 166k USDT from community supporters and an additional +200k USDT from the team. This funding was then paired with $NUKEM and deployed to the liquidity pool.
Participants of the liquidity deployment phase also received their $sNUKEM tokens, representing staked NUKEM. This marked the completion of the first phase of Nukem Loans’ roadmap.
The next step on the roadmap is the launch of the Nukem Loans lending platform. This platform will leverage fee-sharing and the governance token sNUKEM.
Nukem Loans is an isolated lending protocol designed specifically for high-risk meme projects with deep liquidity and large communities. After 18 months of development, their smart contracts are now ready to revolutionize the industry and empower projects with strong communities but limited utility.
