Coinbase Plans to List AI-Powered Personal Finance Token Mamo, Sparking Altcoin Rally
The leading US-based cryptocurrency exchange by volume, Coinbase, has announced its intention to support a low-cap artificial intelligence (AI)-powered decentralized finance (DeFi) token.
In a recent announcement, Coinbase revealed that it has
added Mamo (
MAMO) to its listing roadmap, signaling plans 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 receiving support from Coinbase. The exchange recently announced the addition of two DeSci protocols—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 Token and its Listing
Q: What is Mamo (MAMO)?
A: Mamo (MAMO) is the native token of a personal finance bot project that utilizes AI-powered tools to enhance user returns on interest.
Q: What are the key features of the Mamo protocol?
A: The Mamo protocol focuses on creating calm, steady progress through risk-aware strategies, explaining financial concepts in plain language, allowing users to maintain control with no lockups, and working quietly in the background of users' lives.
Q: What is the total supply of MAMO tokens?
A: MAMO has a fixed supply capped at 1,000,000,000 tokens.
Q: Why did the announcement of MAMO's listing on Coinbase potentially cause an altcoin rally?
A: Generally, when a major exchange like Coinbase announces plans to list a token, it can generate significant positive sentiment and attract new investors to that specific token and potentially the broader altcoin market, leading to a rally.
Q: What happened to other altcoins that Coinbase recently announced listings for?
A: The article mentions that two decentralized science (DeSci) altcoins, Bio Protocol (BIO) and ResearchCoin (RSC), saw price declines after their listing announcements, suggesting that listing announcements do not always guarantee price increases.
Crypto Market AI's Take
The listing of AI-powered personal finance tokens like Mamo on major exchanges like Coinbase highlights a growing trend in the cryptocurrency space: the integration of artificial intelligence into financial services. At Crypto Market AI, we are dedicated to exploring this intersection, offering advanced AI trading bots and market analysis tools designed to help users navigate the complexities of the crypto market. Our platform leverages sophisticated AI algorithms to identify trends, execute trades, and manage risk, aiming to empower individuals and businesses with intelligent financial solutions. You can learn more about how our AI agents are shaping the future of finance at AI Agents and explore our platform's capabilities for AI Personal Finance to see how AI is making financial management more accessible and effective.
More to Read:
- Coinbase Adds AI Personal Finance Project to Listing Roadmap, Triggering Altcoin Rallies
- Understanding the Impact of AI on Cryptocurrency Trading
- The Rise of AI in Personal Finance: Tools and Strategies