- C4G3, have just launched their governance token to prepare for takeoff the concept of a Decentralized Meme Index.
- Within just 48 hours, the token secured listings on top exchanges and crypto market overview sites.
- The token will govern the Cage ecosystem and later be used to mine the Cage Meme Index.
Pioneers of a new decentralized meme revolution, Cage, has just launched its governance token C4G3 to prepare for takeoff the concept of a Decentralized Meme Index. The project is set to restructure the meme token market by awarding meme tokens the property of being a store of value.
Within just the first 48 hours of its launch, C4G3 has secured listings at top exchanges including Uniswap, ShibaSwap, and Tokpie. Its information has also been added to CoinGecko, Etherscan, and DEXTools. Up until now, It has managed to secure an impressive 300+ holders and is generating hype on social media.
Some of the token’s unique attributes are that it is not deflationary by design, which means that at any given time, the circulating supply of the token will not be systematically decreased. Further, it has a fixed maximum supply of 100 million. It also does not observe any transactional taxes which increase its appeal and emphasizes its functionality as a governance token. In response to user concerns especially regarding scam meme tokens these days, the Cage team has ensured that it has been KYCed by passorfail.me.
The launch of the token marks the beginning of a new era of meme tokens where they hold value as real assets. It will govern a digital asset index that is designed to track the performances of top meme tokens. This way it will give an even platform for growth and benefits from the price performance of tokens as well as rewards that come with combining top meme tokens.
Not just this, but one of C4G3’s top-selling points is that it eliminates the need for advanced trading knowledge and high investment by simplifying them into its token mechanism. It implements smart contracts to create a Meme Index Token that will index the top meme tokens while capturing some of their independent gains for the C4G3 community and holders.
The C4G3 team aims to leverage the marketing power of using memes and build solid products with them at the core. For this reason, their ultimate goal is to launch the Cage Meme Index, which will be the first use case of the CAGE ecosystem. It is a digital asset or token designed to track the performance of five other tokens; four top meme tokens and a stablecoin. It will track meme token projects that have good long-term goals and show a commitment to ongoing maintenance and development. C4G3 holders in this case, are the owners of the protocol and can mint CMI once it is launched.