Four Meme, the meme coin launch platform on BNB Chain, is set to introduce a new Token Name Protection feature aimed at enhancing fairness and originality in the meme token space. As stated in the official source, this initiative comes in response to the growing issue of name duplication and imitation that has plagued the ecosystem.
New Feature for Meme Tokens
The upcoming feature will automatically activate when a meme token gains traction during its Bonding Curve phase. Specifically, once a project surpasses 100 unique holding addresses, it will trigger a 72-hour protection window. During this time, the creation of tokens with identical or closely similar names and symbols will be prohibited across both Fair Mode and Free Mode, ensuring that projects maintain their unique identities.
Protection Window Details
Four Meme clarified that while the protection is only applicable during the Bonding Curve phase, it remains effective for the entire 72-hour period, even if the token officially launches within that timeframe. The system will cross-check all active tokens in both modes to comprehensively apply name-locking, thereby preventing misleading clones and safeguarding the integrity of projects.
Aiming for Transparency and Security
Describing the feature as a cleaner and more transparent approach to meme coin creation, Four Meme aims to minimize fraud and confusion in the market. The platform is currently in the final testing phase of this update and is actively seeking community feedback to refine the system before its full rollout.
The Bank of Lithuania is currently seeking clarification on Robinhood's token structure as the company expands its services in the EU, which contrasts with Four Meme's new Token Name Protection feature aimed at enhancing fairness in the meme token space. For more details, see read more.
