BasedMoney Collective launches 'Monerochan' memecoin to 'promote' Monero

Anon group BasedMoney Collective¹ has announced² the launch of the Monerochan³ memecoin project - essentially an Ethereum ERC-20 token⁴ - that was seemingly created in an effort to promote Monero:

This project isn’t just another cash grab or speculative distraction. It’s a Trojan Horse, designed to bring more attention to Monero, onboard new users, and provide funding for tools that benefit the community.

Monerochan has a maximum supply of 1,337,000,000⁵ and its daily trading volume is currently under ~$28K on Uniswap v3⁶.

The group is planning to launch two Monerochan NFT sets, develop a vending machine service, a privacy-friendly ETH wallet, and implement MONEROCHAN-XMR atomic swaps starting next year.

Note: this is a new project; do your own research before getting involved.

This is an ongoing story and the report will be updated when new information is available.