Zinger Key Points
- The DJI App lets users buy and manage a self-custody memecoin index based on market cap and tenure criteria.
- The project aims to provide informative resources to explore the often unpredictable and rapidly expanding memecoin market with confidence.
- Get Pro-Level Earnings Insights Before the Market Moves
A project focused on the meme coin market called the Doge Jones Industrial Average DJI/USD has announced the beta launch of its new DJI App, a self-custody index platform designed for meme coins.
The platform, which is now live, enables users to buy, hold,and manage an index of these digital assets directly.
The initial beta version of the DJI App includes eight meme coins selected based on criteria such as market capitalization (exceeding $500 million), tenure (at least one year old), and, in some cases, cultural significance within the meme coin space.
Eventually, the project intends to expand the index to incorporate thirty total coins.
The stated goal of the DJI App is to provide resources for new market entrants interested in exploring the meme coin market.
The project aims to address what it sees as a growing demand for informative resources to explore the rapidly expanding meme coin market with confidence.
The initial beta iteration of the platform includes the trending meme coins Dogecoin DOGE/USD, Shiba Inu SHIB/USD and Bonk BONK/USD.
Also Read: Bitcoin, Ethereum, XRP Dip Leaves Crypto Industry Unfazed: ‘We’re Going A Marathon,’ Expert Says
According to DJI, over 20% of the total $DJI token supply has been staked.
The high percentage of staking is claimed to indicate the community’s belief in the project’s long-term viability.
The project has also formed a partnership with Wasabi, enabling leveraged trading activities for stakers.
The project’s spokesman, Amith ‘Internet Dollar’ Nirgunarthy, framed the project as a democratization of financial tools.
"The legacy financial system, the Dow Jones, only benefits the top 1%. This new offering is designed for the other 99%,” he said, touting the launch as a step towards financial freedom.
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