The Rise of Mamo: AI-Powered DeFi Token Supported by Top US Crypto Exchange
The top US-based crypto exchange by volume is making waves in the decentralized finance (DeFi) space with its announcement of upcoming support for a low-cap artificial intelligence (AI)-powered token called Mamo (MAMO).
According to Coinbase’s latest update, Mamo has been added to its listing roadmap, signaling the exchange’s intention to list the coin for trading in the near future.
What is Mamo?
Mamo is a unique project that revolves around a personal finance bot powered by AI. The project’s goal is to enhance user returns on interest through innovative AI tools.
Described in the platform’s whitepaper, Mamo’s protocol offers a range of features:
- Creates calm, steady progress through thoughtful, risk-aware strategies
- Explains everything in plain language, helping users learn while earning
- Allows users to stay in control with the ability to add, pause, or withdraw funds at any time without lockups or confusing rules
- Works seamlessly alongside users’ lives without demanding constant attention
As the native token of the protocol, MAMO has a fixed supply of 1,000,000,000 tokens.
Currently, MAMO is trading at $0.166, showing a 16.3% increase in value for the day and over 111% growth in the last month.
Recent Developments
Notably, Coinbase recently added two decentralized science (DeSci) protocols – Bio Protocol (BIO) and ResearchCoin (RSC) – to its list of supported crypto products. However, following the announcements, the prices of these tokens experienced a decline.
Despite the volatility in the market, the support from Coinbase signifies a growing interest in AI-powered DeFi projects like Mamo.
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Featured Image: Shutterstock/vvaldmann