Coinbase Plans to List AI-Powered DeFi Token Mamo, Sparking Altcoin Rally
The leading US-based cryptocurrency exchange by trading volume, Coinbase, has announced plans to support a low-cap artificial intelligence (AI)-powered decentralized finance (DeFi) token.
In a recent announcement, Coinbase revealed it has
added Mamo (
MAMO) to its listing roadmap, signaling intentions to list the token for trading in the near future.
Mamo is a personal finance bot project designed to enhance user returns on interest through AI-powered tools.
According to the platform’s
whitepaper, the protocol:
- “Creates calm, steady progress through thoughtful, risk-aware strategies
- Explains everything in plain language, helping you learn as you earn
- Keeps you in control. Add, pause, withdraw anytime. No lockups. No confusing rules.
- Works quietly alongside your life, not demanding center stage.”
MAMO is the native token of the protocol, with a fixed supply capped at 1,000,000,000 tokens.
At the time of writing, MAMO is trading at $0.166, marking a 16.3% increase on the day and an impressive gain of over 111% in the past month.
Last week, two decentralized science (DeSci) altcoins experienced price declines despite gaining Coinbase’s support. Coinbase had also recently announced the addition of Bio Protocol (BIO) and ResearchCoin (RSC) to its crypto product offerings. However, following these announcements, both tokens saw a drop in price.
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Source: The Daily Hodl
Frequently Asked Questions (FAQ)
About Mamo and Coinbase Listing
Q: What is Mamo (MAMO)?
A: Mamo is a personal finance bot project designed to enhance user returns on interest through AI-powered tools.
Q: What has Coinbase announced regarding MAMO?
A: Coinbase has announced plans to support Mamo (MAMO) by adding it to its listing roadmap, indicating an intention to list the token for trading in the near future.
Q: What are the key features of the Mamo protocol?
A: The Mamo protocol aims to create calm, steady progress through risk-aware strategies, explains financial concepts in plain language, keeps users in control with no lockups, and operates quietly alongside users' lives.
Q: What is the supply of MAMO tokens?
A: MAMO has a fixed supply capped at 1,000,000,000 tokens.
Q: How has MAMO performed recently?
A: At the time of writing, MAMO was trading at $0.166, with a 16.3% increase on the day and over 111% gain in the past month.
Q: Has Coinbase's support for tokens always led to price increases?
A: Not necessarily. Last week, two decentralized science (DeSci) altcoins, Bio Protocol (BIO) and ResearchCoin (RSC), also gained Coinbase's support but subsequently experienced price declines.
Crypto Market AI's Take
Coinbase's strategic move to include an AI-powered DeFi token like Mamo in its listing roadmap highlights a growing trend of integrating artificial intelligence into the financial sector. This decision likely reflects a broader market demand for sophisticated, AI-driven financial tools that can offer enhanced returns and user-friendly experiences. Our platform, Crypto Market AI, focuses on leveraging AI for comprehensive market analysis and intelligent trading strategies, aligning with this industry shift. For those interested in understanding the underlying technology, our resources on AI Agents explore how AI is being applied across various financial applications, including personal finance management, which Mamo aims to enhance.
More to Read:
- AI-Powered Crypto Trading Bots: Revolutionizing Your Investment Strategy
- Understanding DeFi: A Beginner's Guide to Decentralized Finance
- Navigating Altcoin Rallies: Strategies for Profitability
