As a researcher with a keen interest in blockchain technology and its applications, I find the recent developments surrounding NEIRO particularly intriguing. Having closely followed the evolution of Ethereum-based projects and their strategic partnerships with layer 2 solutions like Coinbase’s Base network, I am excited to see NEIRO take this step.
The meme coin NEIRO, currently valued at $0.0020 with a 24-hour volatility of 0.2%, boasting a market cap of $854.49 million and a 24-hour volume of $584.63 million, is gearing up for launch on Coinbase’s layer 2 network, Base. This was revealed in a post from NEIRO’s official X account on Wednesday, implying that the project is nearing completion before the coin becomes available for trading on the renowned blockchain platform. The announcement stated:
While we’re currently undergoing technical checks, we’re thrilled to share the news that Neiro will soon be accessible for holding and trading through @base!
NEIRO Taps L2 Solution of Base Network
Significantly, NEIRO’s recent action aligns with its broader plan to capitalize on the expanding possibilities offered by layer 2 solutions. This becomes particularly relevant given Base, a leading Ethereum layer 2 network, demonstrating strong potential to bring in millions of new on-chain users.
NEIRO shares their extensive strategies for smooth transactions and enhanced liquidity within the platform, Base. Moreover, they have taken steps to be included in the whitelist of Aerodrome, which happens to be the leading decentralized exchange (DEX) on Base.
It makes sense that they’re making this move, considering Aerodrome manages more than $1.3 billion in assets and handles hundreds of millions in trades every day. In essence, the addition of the DEX is anticipated to significantly increase NEIRO’s market fluidity.
Additionally, NEIRO mentions their intention to utilize the Supermigrate connection for enhancing bridge safety. The team reached this decision following comprehensive discussions with industry experts, who assert that Supermigrate will facilitate a seamless and secure transfer of NEIRO tokens between Ethereum and Base networks.
In conclusion, NEIRO has verified that the Ethereum version of the token will stay as it is. On the other hand, they mentioned that decentralized exchanges (CEXes) will exclusively handle the token on the Ethereum network, unless specified otherwise. Consequently, users can only deposit tokens to CEXes from their Ethereum accounts.
Next Steps
With Base gaining more and more followers, NEIRO seems poised to welcome a huge number of new users. This presents an excellent chance for the project to grow in various aspects.
During this interim period, NEIRO will work diligently to refine its operations, aiming for a seamless transition that benefits its users. Additionally, as we look towards the future, the company’s primary focus will be maintaining the long-term stability of the token on both Ethereum and Base networks.
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2024-10-16 17:34