Protos took a detailed take a look at Poloniex’s final 100 listings and located that just about each single a kind of tokens had been memecoins.
We analyzed the newest 100 listings, from August 23 to October 29. Of those 100 tokens, 94 had been memecoins; the rest had been tokenized property, restaking, AI, and utility tokens.
Poloniex publicly claims that its “primary objective is to provide users worldwide with access to the finest crypto assets available.”
Effectively, the “finest” seemingly embrace such distinguished examples as: slop, Fartcoin, Goatseus Maximus, PUSS, and Harambe.
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There are additionally fairly just a few tokens that appear to signify mental property and likenesses that the groups don’t truly management. Examples of this kind of token embrace: Elmo, Wukong (the outline for the coin makes clear its a reference to Black Fantasy: Wukong), Caprisun, and Changpeng Zhao.
The descriptions for a lot of of those tokens typically simply say ‘meme token,’ however when extra particulars are offered, they typically appear suspect. Elmo claims explicitly that it “is the legendary character from the classic TV Show ‘Elmo’s World’” and even goes additional to say that “Elmo left behind his old world and arrived in TRON. He has become the red mascot of the red chain, TRON.”
So far as Protos has been in a position to verify, there’s no settlement between TRON and the holders of the Elmo mental property, one thing Poloniex’s proprietor, TRON founder Justin Solar, ought to perceive.
Poloniex has an extended historical past of itemizing property that different exchanges have averted, and the present memecoin frenzy appears to have offered a solution to additional decrease its requirements.
Protos reached out to Poloniex’s itemizing crew to glean any details about its itemizing course of, however thus far haven’t obtained a response.
