$Marscoin alone, the first stock meme listed on Binance Alpha, has brought 18,000 active bStock holders onchain, generated over $100M in total trading volume, and distributed $1.1M worth of $SPCXB to holders.
This is what happens when communities pair with stocks. Still just the beginning.
I might be able to claim credit for (publicly) naming MarsCoin, although Elon's probably thought of it already. Not a big deal now as it doesn't exist yet, but imagine that for 200 years later. On Mars.
https://t.co/oaqsev64si
I have been in crypto for 10 years (full time, 4 years) and I’ve never owned any stocks…until now.
As a crypto-native trader, @binance’s bStocks let me gain exposure to real equities through an interface and experience that feels familiar.
I’ve mostly been trading memes and majors all those years and it’s great to see Binance once again leading innovation by bridging the gap between crypto and TradFi.
Now if I’m honest, I probably would have not bought or heard about bStocks if it wasn’t for memes.
As you know, over the past few days we’ve seen the emergence of memecoins paired to stocks, paying out rewards in bStocks.
For example, I bought $marscoin last week (and I plan to hold for a while) which is paired to SPCX, because I liked the narrative. Turns out the coin pays out SPCXB (SpaceX bstocks) to holders and I’ve since earned ~$20k in Tesla stocks just for holding this coin.
Imo, this is the best way to bridge the gap between meme traders, traditional crypto, and TradFi. It also gives newer traders exposure to different asset classes, helping them build financial literacy naturally over time.
Great and fun tek!
bStocks have had a lot of volume over the past few weeks, there’s clear demand.
BSC/BNB season seems inevitable at this point @cz_binance
bStocks are starting to gain massive trading volume and attention on @BNBCHAIN. Why? Because of stock memes.
It all started less than a week ago with the launch of $MarsCoin.
Before then, $SPCXB had averaged around $2.5M in weekly trading volume since launching 1.5 months ago. Over the past week alone, that number has exploded to more than $80M, while $MarsCoin has distributed over $1,000,000 worth of $SPCXB to its holders.
Binance has been promoting bStocks for months, but the reason they're finally gaining real traction is simple: meme coins.
As Richard Teng said:
"The next big theme in crypto is the merging of crypto and TradFi."
That's exactly what's happening on @BNBCHAIN right now. Stock memes are creating an entirely new sector, and $MarsCoin has established itself as the creator and leading project of that movement.
We're still early.
The Mars mission has been initiated.