Borpa, a next-generation memecoin project, is set to launch its omnichain financial game on June 27 at 2 pm UTC. This event will make Borpa the first memecoin to distribute liquidity mining incentives across both Ethereum Virtual Machine (EVM) and non-EVM networks.
Investors Show Confidence as Borpa Raises $65 Million in Overflow Round
The newly proposed financial model involves active community involvement in token value rise. The use of such a concept has received the attention of investors. Borpa has raised $65 million in its overflow round. Unlike memecoins which are heavily speculated and hyped, Borpa blends the fun element of memecoins with the utility aspect of a DEX AMM.
Notably, Psychonaut4975, the founder of the project, believes that with Borpa, the memecoin space is shifting from speculative assets to something more valuable. With this approach to promote the liquidity of tokens across multiple chains, Borpa is creating a new model. This new model is more sustainable and value-oriented for memecoins.
Borpa has been developed and incubated at Entangle Labs and is based on the cutting-edge Entangle omnichain. Its token distribution model ensures that 80% of the total token supply is distributed to the community, especially the high APR farms within the financial game. This goes against most memecoins that see most of the tokens held by founders and other insiders.
Borpa Gains Recognition as First Memecoin on Ethereum and Solana
This fair distribution mechanism enables Borpa to distribute tokens following the users’ engagement level. It will also create awareness as the initial memecoin on Ethereum, Solana, and other prominent blockchains. Faisal Mehrban is founder and CEO at Entangle Labs. He also gives his opinion that Borpa stands out along the strong tokenomic fundamentals, game theory, and viral marketing.
Having been audited by Halborn, the blockchain security company, the Borpa community has grown to 120,000 members within the first three months of its launch. It makes it one of the most rapidly growing projects in the industry. On the Whales Market, its pre-market price arrived at $0.1, its fully diluted value or FDV is currently at approximately $100 million.
With over 1.5 years of research and development, Borpa’s founding team builds on the success of projects like Dogecoin and Sushiswap. The upcoming game is expected to mark a bold new frontier for memecoins.
