Book of Meme was announced as an airdrop by Darkfarms, a meme artist. It soon landed on Uniswap and surged by five digits. The project’s meme-based appeal has continued to shine, leading to its listing on multiple cryptocurrency exchanges.
This guide explains how to buy Book of Meme before reviewing the best exchanges that have listed this meme asset. We conclude this article by informing you of a better alternative.
How to Buy Book of Meme Token – Quick Guide
Book of Meme (BOME) took the market by storm quickly upon landing on a decentralized exchange and has now gone live in 48 different cryptocurrency exchanges. Here are the steps to follow to buy BOME from one of those trading platforms.
- Step 1 – Choose a cryptocurrency exchange and create an account: Check out our short reviews of the leading exchanges we are covering to pick the exchange you deem fit for buying Book of Meme tokens. Create your account quickly.
- Step 2 – Verify your details to start trading: Go to the exchange you have chosen and verify your details to start trading.
- Step 3 – Deposit the required funds to buy Book of Meme tokens: Find out about the minimum deposit requirement of the exchange of your choosing. Make the deposit and ensure that you have enough to buy BOME. Interact with the spot trading facilities to buy one of the BOME trading pairs.
- Step 4 – Move BOME to a Private Wallet: Once you have bought BOME tokens, move them to a private wallet to keep them secure.
Where to Buy BOME?
As we already mentioned, BOME has now gone live on 48 exchanges. However, there are only a few of them that have what it takes to be the best exchanges from which to buy Book of Meme tokens. Here are the top 4 in the list:
1. Binance
Binance was one of the first tier-1 exchanges to list Book of Meme (BOME) and made it available on the spot trading exchange. The BOME trading pairs it supports include BOME/BTC, BOME/USDT, BOME/FUSD, and BOME/TRY.
Since BOME is a volatile asset, Binance listed the meme coin with the seed tag applied. This monitoring tag requires investors to pass a quiz every 90 days. It has replaced the innovation zone and will list the most volatile assets.
Binance is the largest cryptocurrency exchange in the market by trading volume, making it the first choice for anyone who wants to buy BOME. The platform features perks like asset diversification tools, earn programs, learn programs, as well as NFT spaces for those who want to stay attuned to the cryptocurrency markets.
Furthermore, Binance has a good fee structure. It only charges a 0.1% maker/taker fee for general users. For VIP users – investors with a 30-day trading volume exceeding $1 million, the fee is reduced based on the number of BNB tokens they have in their Binance accounts.
Binance serves more than 182 million users worldwide and has listed more than 400 assets to date. The platform also offers an asset monitoring utility that allows users to monitor the market capitalization of all listed assets before making any investment decision.
While the upsides of this exchange are many, Binance has been at the receiving end of many regulatory issues recently. As a result, it has closed its operations in numerous countries. U.S. users will need to access Binance.US for their trading needs.
Pros
- Leading cryptocurrency exchange
- Offers multiple BOME spot trading pairs
- Only charges a 0.1% maker/taker fee
- Has listed more than 400 cryptocurrencies
- Offers multiple promotional events
- Has a high liquidity
- Not available in the U.S. – Binance.US is available in the US
2. MEXC
MEXC was the first exchange to list BOME, adding BOME/USDT to its spot trading exchange on March 14th, 2023.
Established in 2018, MEXC has become one of the world’s leading cryptocurrency exchanges. On CoinMarketCap, MEXC is ranked the #11th biggest cryptocurrency exchange in the world by market capitalization.
One of the standout features of this exchange is its low fees. It only charges 0.1% spot maker/taker fees and no maker fee for futures trading. The taker fee for the futures market has been set to 0.02%. The platform is also home to multiple events. For instance, at the time of writing, Spring Finals for the March Futures Competitions is underway with a prize pool of 6 million USDT.
In addition to futures competition, MEXC also organizes holding events. It frequently lists some of the leading meme coins and promising cryptocurrencies from time to time, making it one of the best exchanges for those looking for new crypto ICOs.
The platform has also received good reviews in terms of security. However, this exchange does not accept fiat withdrawals, making it critical for BOME holders to transfer their assets to an external wallet that supports fiat-to-crypto conversions.
Pros
- Ranks 11th in terms of cryptocurrency exchange
- Only charges a 0.1% maker/take fee
- Offers a large selection of meme coins
- Over 180 trading pairs are available
- Holds regular events to keep the crypto community engaged
- Not available in all the countries
- Does not support fiat-to-crypto conversion
3. KuCoin
KuCoin was the second centralized exchange to list BOME, adding it to the spot trading pair list on March 15th, 2024.
This cryptocurrency exchange has established itself as a platform for new tokens. New cryptocurrencies that have just entered the market and show potential for growth often find themselves going live on KuCoin. Supported in over 200 countries, KuCoin has listed more than 700 cryptocurrencies and caters to more than 30 million investors worldwide.
In addition to spot trading facilities, KuCoin also supports crypto derivatives and is home to leveraged tokens. Like most modern leading centralized exchanges, it also supports a trading bot, letting users invest autonomously.
Additionally, KuCoin has a unique Web3 section through which it supports Web3 projects such as fractional NFTs. The exchange recently added Halo Wallet and created a KCC community chain.
KuCoin follows the same fee approach as Binance. The maker/taker fees start at 0.1% and decrease progressively with more trading volume and the number of KCS (KuCoin’s native crypto) tokens held. However, the platform’s UI is not the best for beginners, as there is a learning curve involved.
Pros
- Supports leveraged and derivatives trading along with spot trading
- Offers investment diversification opportunities
- Features a trading bot
- Supports an NFT marketplace
- It has a low fee requirement
- There is a learning curve involved with navigating the UI
4. Bybit
BOME went live on Bybit during the same time as Binance. As one of the leading cryptocurrency exchanges, Bybit has been at the forefront of providing a platform for new cryptocurrencies.
In addition to providing spot trading facilities, Bybit offers perks like conversion with no slippage, margin trading, OTC trading, Spot X, pre-market trading, and a trading bot. The exchange also offers tools like TradeGPT, an AI-powered trading facility, and a position builder.
Those who want to stake their tokens can do so via Bybit’s earn program. The platform also supports crypto loans and offers a Bybit card that can be used to spend crypto to buy daily utilities. Recently, it has added new features like Airdrop Arcade and APEX. It also supports an NFT marketplace.
It also offers an IDO section, allowing users to participate in tokens that have just gone live. and earn very high returns. For instance, recently completed projects like StarHeroes and Aether Games offer ROI as high as 5979%.
In terms of fees, Bybit’s charges start from 0.2% for spot trading. Those who become VIP users on the platform get a 50% discount on fees.
Pros
- Offers multiple trading facilities
- Supports an earning program
- Features GPT-led autonomous trading facilities
- Features an NFT marketplace
- It has a low fee requirement
- The user interface could have been designed better
What is BOME?
Book of Meme’s official website describes BOME as an experimental cryptocurrency changing the way web3 is defined. Providing memes, decentralized storage, and shitcoin trading/gambling under one platform, the project aims to bring all the memes together inside one book.
Developed on the Solana blockchain, Book of Meme stores its assets using Arweave and IPFS. These include memes, room for upcoming expansions, and Bitcoin inscriptions. Described as an “immutable” forever storage, Book of Meme’s end goal is to start a decentralized social media to make memes “unstoppable”.
What are the Key Features of Book of Meme?
Here are the key features that describe the Book of Meme:
A Confluence of Memes
Book of Meme doesn’t cater to one niche of meme coin. Investors aren’t going to find it paying homage to a singular doge-type or any animal-type of memes. It covers all memes, offering a page listing meme images for people to download and use on their own social media platforms.
Meme Creation Tools
Book of Meme has introduced a simple DFI Meme Enhancer. This tool, similar to a meme generator, allows users to upload their images and transform them into memes. According to the website, the memes will have a pixelated approach, giving them the feel of the early 90s internet. The nostalgic factor is high in Book of Meme.
Meme NFTs
Memes that are yet to be published are presented as NFTs on the platform. The platform states that users can also own the links to these memes.
Book of Meme Price
As we already mentioned, Book of Meme arrived as an airdrop, part of a 24-hour mint. Afterward, the token went live on Uniswap and other cryptocurrency exchanges. The project’s arrival on CEXs and DEXs lead to a massive pump.
DEXtools.io shows that the Solana-based meme coin rose by more than 200000% on the 15-minute price chart. BOME has followed a downtrend since then. However, its market capitalization still remains high at $919 million, making it one of the leading cryptos by market capitalization.
That said, the token’s value has started to go down further. More red candles have started to form, indicating investors are slowly pulling back their investments. The positive of this situation is that the RSI is close to reaching the oversold zone.
BOME Price Prediction
BOME’s arrival and appeal make it more appealing as a short-term token than a long-term asset. Although the project has listed multiple utilities, most of them may not help it persist in the long term. That is why our predictions are limited to how it may perform within the next three to four months.
The token’s falling RSI, which is slowly closing in on 30, means that BOME is just a few points away from being in the oversold zone. This could lead to degen investors coming in to make Bome bounce back.
The rebound remains a possibility, as even Dean Crypto Trades has said that the market is currently in a “state of degeneracy. ”
Whether the token will perform well in the long term will depend on its continued engagement on social media platforms and upcoming utilities. Darkfarms, the creator of Book of Meme, has said that more generated pages and some degen games are coming, which could create more buzz for BOME on social media to boost its value.
Is BOME a Good Investment?
BOME is a very honest meme coin. The developer intentionally released it as an airdrop and then proceeded to create two liquidity pools with a higher starting price so that people could dump it.
Even though the words were a joke, this level of transparency shows that BOME isn’t trying to do anything particularly special in the market. Its aim is to leverage the current bullish wave towards meme coins and continue to climb in value while creating a fun ecosystem for investors.
This attribute makes Book of Meme a suitable investment for day traders. As more utilities arrive and the token continues to engage, we may see BOME price move upwards. However, this is not a guarantee, as the market is still uncertain.
Ways to Buy BOME?
Here are the ways to buy BOME:
Trading Pairs
All cryptocurrency exchanges we have listed above have added BOME to their spot trading pairs. They include USDT and other cryptos. Such pairs are easier to interact with, and the maker/taker fee for them for the exchanges mentioned above only goes up to 0.2%.
Credit and Debit Cards
A more conventional way of buying BOME would be using credit and debit cards. However, this may be very difficult since BOME isn’t as popular as other meme coins on the market. Most exchanges have only listed BOME as a trading pair. As the token gains more popularity, it might also become appealing to fiat investors, who could open exchanges to allow buying the crypto using credit or debit cards.
Which Crypto Wallets Support BOME?
Since BOME is built on the Solana blockchain, investors need access to a Solana wallet to buy it. Ledger, Phantom, Exodus, MathWallet, Glow, Solflare, and Trust Wallet are the leading wallets that we recommend you use to store BOME.
Dogecoin20 – The Best Alternative to BOME
Even though BOME has had a promising start on the market, this might not last long. Signs of correction have started to emerge, and as we near Bitcoin’s Halving, many might take a step back to prevent losing their funds due to the upcoming volatility.
Therefore, crypto investments that allow investors to get in early without subjecting them to the uncertainty of the live markets is a wise choice.
The leading meme coin among them is Dogecoin20. Marketed as a greener alternative to the standard Dogecoin, Dogecoin20 (DOGE20) is an attempt to move Musk’s favorite token to a greener blockchain.
Built on the Ethereum blockchain, Dogecoin20 is a proof-of-stake token that has intertwined Ethereum’s staking mechanics with DOGE’s wider appeal. DOGE’s appeal can help keep the token in the conversation for longer, and thanks to staking, users will have access to long-term passive earnings too.
Dogecoin20 is also a deflationary token, allowing users to earn from the asset’s scarcity. However, similar to Dogecoin, Dogecoin20’s goals are also altruistic. It has allotted a portion of its total supply to charitable goals.
However, 35% of the total supply of 140 billion DOGE20 tokens is part of the ongoing presale. Investors can visit dogecoin20.io to participate.
The Verdict
Book of Meme is the newest sensation in the meme coin arena. It has jumped up in price too quickly and was rapid to gain the attention of the leading exchanges. While these elements sound positive, therein lies a humbling truth. Like most meme coins, it will also fall. While it has some utilities that could bestow BOME with long-term upsides, nothing is certain. The project’s aesthetics are too nuanced, and we may say it is trying too hard.
Therefore, a better investment decision would be to park some of your funds in Dogecoin20. This presale meme coin follows the footsteps of the OG crypto – Dogecoin – and offers unique upsides through staking.
FAQs
What is Book of Meme?
Book of Meme is the latest crypto in the meme coin market. Built on the Solana blockchain, it is an art-based meme coin project with features like a decentralized social media platform in the pipeline. Currently, it features a perk akin to meme generator that transforms standard images into pictures with aesthetics from the early 90s.
Is Book of Meme a good investment?
Book of Meme has climbed the price charts too rapidly upon entering the crypto space. It is leveraging tis appeal as a meme coin to do that. So, while it has its advantages as a short-term asset, investors must look for alternatives if they seek cryptos with long-term perks.
Who created Book of Meme?
Book of Meme was created by Darkfarms, an art producer/doodle master and a meme coin influencer active on X (formerly twitter).
