BNB Chain Introduces Step-by-Step Guide to Simplify Memecoin Creation

BNB Chain Introduces Step-by-Step Guide to Simplify Memecoin Creation

BNB Chain, the layer-1 blockchain developed by Binance, has launched a comprehensive seven-step guide aimed at reducing the technical hurdles associated with creating memecoins.

On January 24, Binance founder and former CEO Changpeng “CZ” Zhao shared the guide in a post on X, emphasizing its role in simplifying the process of launching memecoins on the BNB Chain.

The guide provides “actionable steps and strategies” for successfully creating and deploying memecoins. A BNB Chain spokesperson told Cointelegraph that the initiative is designed to support a wide range of users, including individuals, developers, and businesses:

“This solution caters to everyone, from Web3 developers using tools like Four.Meme or Pinksale to create and launch tokens, to business owners without prior Web3 knowledge looking for innovative opportunities, and even public figures such as political leaders or celebrities aiming to engage their audiences through memecoins.”

Zhao highlighted the current enthusiasm around memecoins, referencing tokens released by former U.S. President Donald Trump and First Lady Melania Trump. In his post, he quipped:

“Here’s a step-by-step guide to launching a $Trump-like memecoin on BNB Chain. I might even know a consulting team if you’re serious.”

CZ’s Shift in Perspective on Memecoins

Zhao’s endorsement marks a significant departure from his earlier stance. In November 2024, he expressed skepticism toward the memecoin ecosystem, advocating instead for “real” blockchain applications. However, he later acknowledged that his views shifted after witnessing the success of the Official Trump (TRUMP) token.

Growing Interest in Memecoins on BNB Chain

The memecoin creation guide has been well-received by the crypto community, with investors eager to explore new opportunities. BNB Chain invites interested participants to complete an application form and await further instructions.

Addressing questions about the vetting process, a BNB Chain representative clarified:

“Launching memecoins on BNB Chain is permissionless. Communities like Four.Meme and Pinksale each have their own onboarding processes tailored to different users.”

The success of the TRUMP token was followed by the launch of Melania Trump’s Official Melania (MELANIA) token, which has also attracted investor interest.

However, some legal experts caution that memecoins tied to the Trump family could face legal challenges. Crypto lawyer Aaron Brogan previously noted that no U.S. court has explicitly determined the legality of memecoins. Despite this, Brogan pointed out the difficulty of prosecuting memecoins, stating:

“Memecoins are generally not classified as securities because they lack functionality and aren’t tied to projects with practical applications. They’re simply bought for their meme value.”

The Role of Auditing in Memecoin Projects

The BNB Chain team emphasized the importance of smart contract security in the auditing process, particularly for memecoins. A spokesperson explained:

“Auditing focuses on ensuring the robustness of the smart contract code. For memecoins, it’s crucial to evaluate the project’s vision, tokenomics, community growth strategy, and long-term plans.”

Investors were also urged to conduct thorough research into a memecoin project’s vision, team, and tokenomics before committing funds.

A New Era for Memecoins on BNB Chain

This initiative comes at a pivotal moment for the BNB Chain ecosystem, as Zhao stepped down as Binance’s CEO in November 2023 following a plea agreement that included a $50 million fine and restrictions barring him from future management roles at Binance.

With the memecoin space gaining momentum, the BNB Chain’s guide and resources are expected to attract a diverse audience eager to capitalize on this evolving trend.