tl;dr
Coinbase plans to support Mamo (MAMO), an AI-powered, low-cap DeFi token designed as a personal finance bot offering risk-aware strategies and user control without lockups. MAMO has a capped supply of 1 billion tokens, currently trading at $0.166, with significant recent price gains. Coinbase also r...
The top US-based crypto exchange by volume, Coinbase, has announced plans to support Mamo (MAMO), a low-cap decentralized finance (DeFi) token powered by artificial intelligence (AI). Mamo is set to be added to Coinbase’s listing roadmap, signaling its future availability for trading on the platform.
Mamo is designed as a personal finance bot that leverages AI to enhance user returns through risk-aware strategies. The project emphasizes simplicity and user control, with features like the ability to add, pause, or withdraw funds without lockups or complicated rules. According to the platform's whitepaper, Mamo aims to help users "create calm, steady progress" while educating them in plain language. The token supply is capped at 1 billion MAMO, currently trading at $0.166, marking a 16.3% increase on the day and over 111% growth in the past month.
Coinbase’s recent activity also includes listing two decentralized science (DeSci) tokens, Bio Protocol (BIO) and ResearchCoin (RSC). Despite the initial excitement, both tokens saw a price decline after their Coinbase announcements, reflecting the volatile nature of crypto markets when new support is announced.
The developments around Mamo and the DeSci tokens illustrate how Coinbase’s listings continue to influence market sentiment and highlight the growing intersection between AI technology and decentralized finance. Investors and enthusiasts might consider how AI-powered DeFi tokens like MAMO could shape future personal finance tools and investment strategies in this rapidly evolving space.