Recently, there has been a very interesting move— a leading Meme trading platform announced the incubation of PerpStock and simultaneously launched the $STOCK token presale.

What does this project aim to do? Simply put, it’s about bringing US stock spot trading and leveraged options onto the blockchain. Users can trade directly with stablecoins, with all transactions executed on-chain, non-custodial, and without the hassle of traditional accounts. It sounds simple, but actually implementing it is not that easy. However, if they succeed, the market’s potential could be enormous.

But I’m more interested in how this platform is promoting it—because their presale design is quite different.

There’s no speed contest. Instead, they use precise allocation based on historical user activity: users with real trading records on the platform will receive Credits, which are used to unlock participation quotas. The more trading contribution, the larger the share allocated. After the presale ends, these Credits are automatically refunded, leaving no residual issues.

The time window is tightly controlled— from January 13 to 16, participation with BNB, with clear limits per wallet. There’s no trick of unlimited pump.

From the platform’s perspective, the signal behind this move is very clear: they are starting to tilt resources toward projects with long-term value and genuine financial needs, no longer just chasing traffic. Whether the project ultimately succeeds depends on subsequent performance, but how they are doing it this time already fully indicates the platform’s intended direction.