OKX Web3 wallet launches Meme mode to significantly upgrade trading experience

Not all public chains are as suitable for Memecoin development as Solana network.

Solana network's unique consensus mechanism PoH allows it to process thousands of transactions per second, which is several times higher than many other blockchain networks. In addition, supported by Solana network's high performance, low fees and strong ecosystem, Memecoin continues to show great potential and has become a popular choice for more and more users to pay attention to and trade. According to Dune chain data, 60% to 80% of the trading volume of chain trading robots occurs on the Solana network.

As Memecoin's share on networks such as Solana and Ethereum increases, Memecoin transactions have become one of the most frequent trading scenarios for users on the chain. However, due to the characteristics of Memecoin's large volatility and small pool, compared with ordinary Token transactions, Memecoin users usually seek fast execution, transaction costs, and best prices, and have higher requirements for trading tools.

Due to the current slow trading functions of various Web3 wallets or DEXs, low default slippage, etc., which are actually not suitable for Memecoin transactions, more and more emerging trading robots BOT have become users' trading tools for Memecoin. It is worth noting that trading robots BOT on the market generally charge a 1% handling fee for each transaction, and most of them are centralized, which will control the user's private key and its security is not high.

To solve the above pain points, OKX Web3 wallet officially launched the Meme mode, thereby providing Memecoin users with a safe and convenient one-stop MEME trading tool and upgrading the trading experience.

Free use: Maximize user net income

Technology changes transactions. The powerful transaction aggregator built into the OKX Web3 wallet supports Swap, cross-chain, and price-limit transactions. Through continuous technological innovation and listening to user needs, a new Memecoin transaction mode, Meme mode, is added to enable users to easily trade Memecoin.

Memecoin users need to rely on advanced technology and efficient trading platforms to seize market opportunities while effectively managing risks, which will directly affect their trading results and profitability in high-volatility markets. On the one hand, Memecoin is usually highly volatile, and its price may fluctuate violently in a short period of time. Users need to execute transactions quickly to seize the profit opportunities brought by price fluctuations and avoid missing opportunities. On the other hand, many Memecoin users hope to make profits in a short period of time through frequent transactions, so they need fast execution speeds and efficient trading tools to enter and exit the market in a timely manner. Finally, since Memecoin users usually invest a small amount of money to gain a larger profit, the transaction cost has a greater impact on the profitability of Memecoin users.

To this end, the Meme model can meet the diverse Memecoin transaction needs of users to help them compete for better trading opportunities in the fierce Memecoin market. Especially in terms of transaction fees, the trading robots on the market generally charge a 1% handling fee for each transaction, while the Meme model is completely free of transaction fees, which means that users can significantly reduce transaction costs and maximize net income.

In the cryptocurrency market, transaction costs are an important factor affecting investors' returns. Considering the high transaction frequency of Memecoin users, the accumulated handling fees are a considerable expense. The zero transaction platform fee provided by the OKX Web3 wallet Meme model has a significant cost advantage in the market compared to the fee-charging trading robot BOT, and will better serve a large number of Memecoin users.

Asset security: users control their own private keys

The Telegram trading robot BOT has attracted a large number of users in the cryptocurrency market due to its convenience and powerful functions. However, compared with centralized and decentralized trading platforms, these robots have some unique challenges and risks in terms of security.

First, most of the trading robots on TG are centralized, and the user's private key is controlled by the platform, which means that the security of the user's assets is completely dependent on the platform's security measures. Once it is attacked or there are internal management problems, the user's assets may be at risk of being stolen. Secondly, some trading robots may request unnecessary permissions, such as accessing all the user's chat records or contact lists, increasing the risk of privacy leakage. If the robot developer maliciously uses these permissions, unauthorized operations may be performed, harming the interests of users. Finally, trading robots may have software vulnerabilities or be implanted with backdoors, which hackers can use to attack, obtain user sensitive information or manipulate trading behavior, or many trading robots rely on third-party libraries. If these libraries have security vulnerabilities or are maliciously tampered with, it may affect the security of the robot. In short, decentralized trading robots BOT have great security risks. The Meme mode provides a safer solution. As the Memecoin trading mode built into the OKX Web3 wallet, users can not only use the Meme mode for free, but also control their own private keys, making funds safer and more reliable. The OKX Web3 wallet is a decentralized self-custodial wallet. The private keys are kept by the users themselves, avoiding the risk of asset theft due to internal management problems or external attacks on centralized platforms. When using the Meme mode, users can enjoy higher security, better autonomy and privacy protection, etc. In short, users have full control over their assets and transactions, without being restricted or interfered by centralized institutions.

One-stop Memecoin trading

While using the smooth Memecoin trading function brought by the Meme mode, users can also enjoy the built-in market page, currency K line page, currency details page and other services of the OKX Web3 wallet mobile terminal, that is, enjoy the one-stop service of Memecoin search, analysis, and trading, making Memecoin trading in one step.

The market page of the OKX Web3 wallet is an important tool for users to obtain market dynamics and real-time prices. Through the market page, users can quickly view the latest prices, 24-hour trading volume, rise and fall and other key indicators of various encrypted assets. This enables users to understand market trends in real time and provide necessary information support for trading decisions.  

The coin K-line page further provides detailed K-line technical analysis tools, allowing users to view historical price charts of specific cryptocurrencies. These K-line charts usually include price changes in different time periods, such as 1 hour, 4 hours, daily lines, etc., to help users analyze the long-term trend and short-term fluctuations of assets. Through technical indicators such as trend lines, support and resistance levels, users can formulate trading strategies more accurately.

On the coin details page, users can gain in-depth understanding of the basic information and risk detection of each cryptocurrency, including important information such as project background, team members, white paper links, community activities, and risk levels. By comprehensively analyzing this information, users can evaluate the credibility and long-term potential of the project, and make more rational investment decisions.  

Through the Mememode, users can enjoy the OKX Web3 wallet provides users with a full range of Memecoin transaction support. Users can complete all steps from asset selection, market analysis to actual transactions without switching between different platforms. This one-stop service not only saves users' time and energy, but also provides unified trading and analysis tools for novice and experienced traders, simplifying the operation process while improving the efficiency and accuracy of transactions.

Mememode usage: paste the contract to purchase

Mememode is very simple to use.

First, users can select "Exchange" in the trading section of the OKX Web3 wallet mobile terminal, click "Meme Mode" in the upper right corner, and click "OK" on the pop-up page to enjoy free and secure Memecoin transactions. In addition, users can select "Market" in the trading section of the OKX Web3 wallet mobile terminal, search or click on the relevant Memecoin to view the currency details page, and there is a Meme mode entrance at the bottom. It is worth noting that if the currency is not supported by the Meme mode, the Meme mode button will not be displayed, and only the Swap button will be displayed.

Second, after entering the "Meme Mode" mode, the system defaults to the input box as unentered, prompting the user to paste the contract address. The user clicks the "Paste" button to directly paste the relevant Memecoin contract into the input box. The Meme mode can perform search and identify related currencies.

Third, the system will display the currency type while showing the Buy and Sell buttons. Users can customize the purchase quantity or percentage, slippage, and view real-time data such as related currency prices, as well as risk warnings, etc. Finally, the user can complete the Memecoin transaction after confirmation.

In short, compared with the built-in transaction functions of various Web3 wallets and the emerging trading robot BOT, the "Meme mode" meets the diverse needs of Memecoin users such as fast execution, low-cost transactions, and one-stop transactions, bringing them safer and more convenient transaction functions.

Focus on user experience, technology changes transactions

Technological advances have significantly changed the way cryptocurrency transactions are conducted. The OKX Web3 wallet is committed to improving user experience through technological innovation and further meeting users' needs for safe, convenient and efficient transactions. The launch of "Meme Mode" reflects the cultural core of OKX Web3 Wallet, which is to continuously polish products through innovative technologies and focus on improving user product experience.

In addition to Memecoin users, in order to better serve small users, the OKX Web3 trading section optimizes the user interface to make it more intuitive and easy to operate, simplify the transaction process and improve the response speed; optimizes the mobile application so that users can trade anytime, anywhere and enjoy a convenient trading experience; optimizes security and privacy to ensure the security of user assets, transaction data and personal privacy; and optimizes the number and diversity of liquidity pools, introduces more liquidity providers and increases the types of liquidity pools to ensure that users can get the best price in small transactions of different token pairs.

For large-amount transaction users, OKX Web3 automatically recommends the best price path for large-amount users through intelligent order splitting technology, MEV protection mechanism, etc.

For cross-chain users, OKX Web3 wallet now supports 25 chains, including EVM chains and non-EVM chains, providing users with a wider range of asset exchange options. For non-EVM chains, which usually have different smart contracts and transaction mechanisms, the OKX Web3 wallet provides strong cross-chain support for Solana and BTC networks, leading the industry. Through the cross-chain function of the OKX Web3 wallet, users can choose a cross-chain bridge according to their needs and preferences, and exchange any token on one chain to any token on another chain, which greatly simplifies the transaction operation process to optimize the transaction experience and cost-effectiveness.

These factors have jointly promoted the OKX Web3 wallet to become the industry's leading one-stop web portal and continue to shape the new standard for future crypto asset transactions.

Disclaimer

This article is for reference only and is not intended to provide (i) investment advice or investment recommendations; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Holding digital assets (including stablecoins and NFTs) involves high risks and may fluctuate significantly or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please be responsible for understanding and complying with local applicable laws and regulations.