To what extent has the blockchain gone crazy now? Using stocks as a bottom line for Meme is not enough. Gold, crude oil, corn, milk, orange juice, and even lean pork have been dragged onto Robinhood Chain to pair with Meme. Wall Street is still studying the commodity cycle. Chain players have started researching: What avatar should pork be paired with. Today, let's talk about the newly launched Commodity Market Exchange, abbreviated as CME. X：@launchonCME Official website: https://commodites.market CA： 0xe2324ff2a59f8ecba8c321c6466e59121c00e795 Let me clarify first: It is not CME Group on the Chicago Mercantile Exchange. This is not an official Robinhood project. There is currently no evidence to prove that it is an official product of Pons. More precisely, it is a commodity themed Meme launch platform built on the underlying mechanism of Pons V2. The underlying layer is Pons, while commodity coins, front-end, and token economy are added by CME itself. Previously, when launching Meme, it was usually paired with ETH, SOL, or stablecoins. What CME does is to turn quoted assets into a part of the narrative. The platform has created 29 types of "commodity coins" that track the prices of commodities such as gold, silver, copper, crude oil, natural gas, corn, coffee, cocoa, milk, and lean pork. When issuing coins, it's no longer just about choosing the token name and avatar. You can also choose which commodity currency it should be paired with. So it appeared: Corn paired with BITCORN. Milk paired with MILKERS. Natural gas to FART. Gasoline with Pump. Soybeans paired with SOYJAK. Previously, Meme was only responsible for humor. Now even the bottom pool is starting to participate in the performance. This is also the most interesting aspect of CME: It is not simply putting commodities on the chain, but turning commodities into Meme's valuation assets and narrative base. Each market issues 1 billion tokens. Among them, 800 million coins first entered the virtual curve, starting from a market value of about $5000 and graduating after selling for about $35000. The remaining 200 million tokens, along with the commodity coins raised through the curve, will be migrated to Uniswap v4 to form permanent liquidity. Users can purchase ETH, USDG, or corresponding commodity coins, and the system is responsible for automatic redemption. The cost mechanism also has a clear disc design. The creator can set a transaction fee of 1% to 3%. 30% of it belongs to the creator. 40% will be distributed to the token holders based on their position weight, and the reward will be paid in paired commodity coins. The remaining part enters the agreement. That is to say, if a Meme is paired with a gold commodity coin, the reward received by the holder is also gold commodity coin. If paired with corn, the reward is corn commodity coins. Attention is responsible for creating transactions. The transaction is responsible for generating fees. The cost will then provide feedback on the product narrative to the holder. The platform currency CME has another set of flywheels: The USDG fee obtained from the agreement is officially designed to be 50% for repurchasing CME, with the remaining 50% used to increase liquidity for CME and 29 commodity currencies respectively. If it can truly be executed, CME will eventually become not just a platform coin, but a liquidity center connecting 29 commodity markets. This design has an extra layer of imaginative space compared to ordinary launch platforms. Ordinary platforms only care about how many coins have been issued and how much trading volume has been generated. CME wants every Meme launch to also generate demand and liquidity for a certain commodity currency. Gold fever, send gold memes. When crude oil is hot, it generates crude oil Meme. Pork prices have risen, and there may really be a group of people studying the narrative of lean meat pigs on the chain. In the future, the commodity market will not only affect futures traders. It may also determine what animals should be sent on the chain today. But a key issue must be clarified here: These so-called 'commodity coins' are currently more like on chain valuation assets whose prices are updated by a keeper. The official claims that they adopt a 1:1 design similar to stock tokens, but there is currently insufficient disclosure regarding who issues the commodity coins, whether the underlying holds gold, oil, or other commodities, whether they can be redeemed, and who controls the keeper. Therefore: Tracking the price of gold does not mean that there is really gold in the vault. Pricing with crude oil does not mean you own a barrel of crude oil. What CME is truly innovating at present is the combination of "commodity price+Meme launch", rather than having already completed the institutional level landing of commodity RWA. The project risks are also very direct. The team is completely anonymous. The domain name was only registered on the day of its launch, and commodities was missing the letter 'i'. There is no audit report, no complete white paper, and the permission structure of Keeper and commodity coins is also opaque. On the day of its launch, it was still working on issues such as RPC, reward redemption, pre graduation trading, and fake liquidity pools. Therefore, it is currently more like an early on chain financial experiment: The idea is very new. Mechanisms are good at creating dissemination. Infrastructure is still being repaired while running. I think the most noteworthy thing about CME is not its short-term market value, but four things: Does the commodity currency have a real reserve or redemption mechanism. Is the pricing and control authority of Keeper publicly available. Whether the holder truly continues to receive commodity coin rewards. Is the agreement fee in accordance with the commitment to repurchase CME and increase the liquidity of 29 commodity pools. If these capital flows can be verified on the chain for a long time, CME may open up a new launch platform route: No longer only using stablecoins to price Meme, but making gold, crude oil, corn, and pork all the liquidity bases of Meme. If there is only price reference in the end, without real reserves, and rewards and repurchases cannot run, then it is still just replacing Meme with a more advanced packaging. However, regardless, this direction has already pushed the cryptocurrency market Meme one step further. After stocks, commodities also began to enter the launch platform. In the future, on chain players may not only need to look at non farm payroll, financial reports, and the Federal Reserve. You also need to study the weather, grain yield, and sow inventory. After all, the next hundred times Meme's bottom pool may really depend on how good the corn harvest is this year. Register FOMO and scan the link with me: https://fomo.family/r/duanwangye66