Title: Default Listing for $DINO, the Leading Memecoin on Hedera
Author(s): Roy (representing The Dino Corp)
SaucerSwap Voting Interface: N/A
Related Discussions: N/A
Submission Date: December 21st, 2024
Summary
This RFC proposes the Default Listing of $DINO, a memecoin launched on Hedera via MemeJob.fun. In just three days, $DINO demonstrated unprecedented growth in the ecosystem, reaching milestones that include a ~$9.3M USD market cap and over $470k USD in liquidity on SaucerSwap v1. This rapid success highlights $DINO’s potential to attract retail users and strengthen Hedera’s position in the growing memecoin market. A Default Listing would simplify trading access, deepen liquidity, and further strengthen SaucerSwap’s position as the primary platform for Hedera-based tokens.
Abstract
$DINO has quickly become the most notable memecoin on Hedera, setting new benchmarks since its launch on MemeJob.fun. Its rapid rise includes a ~$9.3M USD market cap and ~$470k USD in liquidity within three days, surpassing the previous largest memecoin on the network by a significant margin.
Memecoins have consistently driven retail adoption and trading activity across crypto networks. With $DINO, Hedera showcases its capacity to compete in this vibrant market, benefiting from its low transaction fees and advanced consensus algorithm.
A Default Listing on SaucerSwap will enhance trading accessibility, encourage further liquidity growth, and help position Hedera as an attractive option for retail traders exploring new ecosystems.
Motivation
$DINO is a clear example of how memecoins can bring new energy to crypto ecosystems. Its rapid growth highlights Hedera’s potential to attract retail traders looking for innovative and efficient alternatives.
Key Data Points:
- Unprecedented Growth: $DINO achieved ~$4M USD in market cap within the first hour of launch, reaching ~$9.3M USD and ~$470k USD in liquidity by the end of its third day.
*Ecosystem Growth: A Default Listing of $DINO on SaucerSwap has the potential to strengthen the memecoin ecosystem on Hedera as a whole, attracting more attention and liquidity to all projects, including established tokens - Retail Opportunity: Memecoins are proven catalysts for engagement, and $DINO’s success underscores Hedera’s potential in this space.
By Default Listing $DINO, SaucerSwap has the opportunity to align with this momentum, ensuring seamless trading access for users while strengthening its role as the leading DEX on Hedera.
Specification & Rationale
Technical:
- Token ID: 0.0.7907968
- Launchpad: MemeJob.fun
Social:
- Retail Access: A Default Listing positions $DINO as an accessible option for retail traders exploring Hedera.
- Community Momentum: $DINO’s community has shown strong engagement, which can be further supported through improved accessibility.
Financial:
- Liquidity Growth: A Default Listing will deepen liquidity pools, improving trading conditions for all participants.
- Revenue Growth: Higher trading volumes will drive platform fees and benefit liquidity providers.
Governance:
- Ecosystem Support: Supporting $DINO aligns with SaucerSwap’s mission to strengthen the Hedera ecosystem and encourage broader adoption.
Benefits (Pros)
- Proven Growth: $DINO’s rapid rise demonstrates strong community interest and engagement.
- Liquidity Improvement: A Default Listing encourages deeper and more stable liquidity pools.
- Retail Attraction: $DINO provides an opportunity to bring new users and capital into Hedera’s ecosystem.
- Ecosystem Alignment: Listing $DINO reinforces SaucerSwap’s role as the go-to DEX for Hedera.
Downside (Cons)
- Volatility Risk: Memecoins are subject to significant price fluctuations, which may impact liquidity stability.
- Resource Allocation: Supporting a Default Listing may require operational resources from SaucerSwap.
Voting
If this RFC progresses to the Proposal phase, the voting options will be as follows:
-
Yes: Approve the Default Listing of $DINO on SaucerSwap.
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No: Reject the Default Listing of $DINO on SaucerSwap.
Roy 
Innovator-in-Residence
The Dino Corp
Sentinel Report