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SushiSwap Partners With Goat Trading To Launch New Meme Coin Feature Dojo

03/09/2024 00:53

According to BlockBeats, on September 3, SushiSwap announced a collaboration with Goat Trading to introduce a new meme coin issuance feature called Dojo. SushiSwap stated that tokens issued through Dojo will only exist on Sushi V3 and will not be moved to other platforms. This approach aims to prevent the tokens from being sold off immediately after launch, as seen on other platforms. Additionally, all liquidity will be destroyed, eliminating the risk of scams. By utilizing narrow liquidity on Sushi V3, SushiSwap enables users to sell tokens without slippage. Users can provide liquidity and sell as prices rise, rather than dumping on the market, thus avoiding sell-offs. This feature allows whales, snipers, and teams to sell without causing significant market impact. The initial market capitalization for tokens will be raised to $15,000. Although this is a minor change compared to the $5,000 starting market cap on other platforms, it significantly increases the cost for snipers to steal tokens at launch.

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