"if it was possible to launch a memecoin on Canton in a permissionless manner then we would lose the definition of an institutional chain, we have Dexs, Prediction markets
......we have other things you maybe associate with degen economy, we don't just have a memecoin" ~ Yuval Rooz [Ceo/Co-founder
@CantonNetwork
no memecoins on CantonNetwork eco can be a blessing in disguise.
memecoins has been a life-long liquidity sucking circus in blockchain industry; full of hype, crime scenes, cabals, networksmart. can be a thing of question if it's necessary having it on an eco building for longevity, largescale institutional finance like Canton.
good thing is we can have it on CantonNetwork has the eco is sustainable for different eco, but at what cost.
another vein, solana already built a playground for memes, canton can too.
@YuvalRooz
We’ve lowered the bar to this?
Using memecoins to define whether a chain is “open” or “institutional” is a very low bar.
Canton already has DEXes, prediction markets, and real on-chain activity.
Some memecoins like DOGE, SHIB, PEPE have been great for the culture and brought real attention to crypto.
But most just drain liquidity and disappear.
No memecoins on Canton?
That might actually be a blessing in disguise.