Nukem Loans, an isolated lending protocol designed specifically for MEME coins, opened trading for its native token $NUKEM on 12th July. Within the first 10 minutes, the volume surged above $500k on both the Ethereum and BNB smart chain, resulting in an aggregated volume of $833k. The price of $NUKEM experienced a surge of +50% from its floor price of $0.000192.
Prior to the launch, the Nukem team raised 166k USDT from community supporters and an additional +200k USDT from the team. This was paired with $NUKEM and deployed liquidity between June 20th and June 23rd, resulting in a liquidity pool on Uniswap – Ethereum (+$500k) and Pancakeswap – BNB chain (+$300k).
The launch of the NUKEM token and the distribution of sNUKEM to launch participants marked the completion of the first phase on Nukem Loans’ roadmap. The next step is the launch of the Nukem Loans lending platform which will leverage fee-sharing and the governance token sNUKEM.
Nukem Loans is an isolated lending protocol designed to empower projects with strong communities but limited utility. After 18 months of dedicated work, the team has perfected their smart contracts to revolutionize the industry.
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