Dear Users,
 
Due to popular demand. BingX Spot will add 1 trading pair on 2024-05-20, 09:30:00 (UTC+0).
• Asset: BODEN
• Trading Pair: BODEN/USDT
• BODEN Deposit Time: 2024-05-20, 08:00:00 (UTC+0)
• BODEN Withdrawal Time: 2024-05-20, 09:30:00 (UTC+0)

What Is Jeo Boden(BODEN)?

BODEN is a cryptocurrency that falls under the category of memecoins. Launched on the Solana blockchain, it gained initial recognition for its name, a misspelling of US President Joe Biden. Memecoins, by their very nature, are built on internet jokes, trends, or cultural references, and BODEN is no exception. Its value is primarily driven by speculation and community sentiment rather than any specific utility or underlying technology.

Despite its memecoin status, BODEN does have some features built into its smart contract, the code that governs its operation on the blockchain. One interesting feature is a mechanism that incentivizes mentions of the coin by a specific individual – former US President Donald Trump. The contract defines a "mention" as either a spoken or written reference to "boden" specifically in connection with the cryptocurrency. If Trump utters the word "Boden" by a predetermined date, holders of a particular BODEN token contract would be rewarded. This feature highlights the somewhat unconventional and speculative nature of memecoins, where value can be tied to external events or pronouncements.

Another noteworthy aspect of BODEN is its presence on both centralized and decentralized cryptocurrency exchanges. Centralized exchanges (CEXs) are akin to traditional stock exchanges, where users trade through a mediating platform. Decentralized exchanges (DEXs), on the other hand, allow peer-to-peer trading directly between users, without the need for a central authority. This dual availability caters to different preferences among cryptocurrency investors. Some users might prefer the perceived security and ease of use of CEXs, while others might value the anonymity and control offered by DEXs.

 

Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.

Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
 
 
BingX Operation Team
2024-05-20
 
BingX Official Channels
BingX Web: https://bingx.com
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Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
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