In a significant stride towards mainstream adoption, the Ethereum blockchain-based memecoin, ElmoERC ($ELMO), has secured its primary listing on BitMart. This exclusive listing marks a major milestone in the journey of ElmoERC and opens new avenues for global crypto investors.
ElmoERC and BitMart: A Step Forward
BitMart, a globally recognized digital asset trading platform, will be the first major exchange to list ElmoERC. The trading pair ELMO/USDT will be available on BitMart from May 17, 2023, at 10:00 AM UTC.
Key Dates for Traders
BitMart has laid out a clear timeline for different functionalities related to the ELMO/USDT trading pair:
- Deposits will be open from May 16, 2023, at 10:00 AM UTC.
- Trading begins on May 17, 2023, at 10:00 AM UTC.
- Withdrawals will be possible from May 18, 2023, at 10:00 AM UTC.
Unique Trading Fee Structure
In a unique turn of events, ELMO transactions will incur an additional 6% trading fee on top of BitMart’s standard fees, applicable only to the selling side of all retail users. This additional fee comprises a 1% fee that will be directly redistributed to all existing ELMO holders on BitMart in USDT, and a 5% contribution to the liquidity pool. BitMart will take daily snapshots of users’ ELMO holding balances, and distributions will be made on a T+2 basis.
A Note of Caution
While this primary listing marks a significant step forward for ElmoERC, it’s essential to be aware of the risks involved in digital currency trading. The value of digital currencies can fluctuate dramatically, and there can be substantial risk involved in buying, selling, holding, or trading digital currencies.
BitMart advises all users to carefully consider their personal investment objectives, financial circumstances, and risk tolerance before deciding to trade or hold digital currencies. The use of BitMart services is entirely at the user’s own risk.
The primary listing of ElmoERC on BitMart is an exciting development for all those involved in the project and the wider crypto community. As ElmoERC continues to carve out its place in the memecoin market, this listing is a testament to the project’s potential and the team’s commitment to delivering on their roadmap.
Stay tuned to our next day coverages, where we will keep you updated on the progress and performance of this exclusive primary listing.
Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Before making any financial decisions, do your own research or consult with a professional.