Coin overview
MEMEFI
In progress0.008+14.28%
Last price (USDT)
52.55K
24h total (USDT)
1.99M
Total vol (USDT)
2024-09-25 10:00:00 ~ Pending
Trading time (UTC+0)
Pending
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
MemeFi is a gamified Telegram ecosystem that monetizes user engagement via incentives, innovating in the sphere by introducing new engagement solutions into Telegram. It features a unique fantasy universe, growing not only as an ecosystem, but a brand. MEMEFI Total supply: 10,000,000,000 Website: https://www.memefi.club/ X: https://twitter.com/memeficlub Telegram: https://t.me/memefi_chat
MemeFi Token Generation Event Scheduled for 9 October
The highly anticipated MemeFi Token Generation Event (TGE) is scheduled for 9 October 2024, marking a major milestone for the project. The $MemeFi token will be listed on many top-tier centralised exchanges, although the precise exchanges will be announced closer to the event. This listing is a significant milestone for MemeFi and has been eagerly anticipated by its growing community. MemeFi TGE Set for 9 October, Source: Twitter Ahead of the TGE, the MemeFi team has begun the “Extreme Heat Season,” a series of events to illustrate the platform’s post-TGE vision. This gamified phase comprises a variety of interactive elements and tournaments, which assist in generating enthusiasm. MemeFi also provides a public airdrop checker, which will let users confirm their eligibility for future airdrops. The community-centric distribution methodology is a crucial component of MemeFi’s approach. The initiative intends to distribute 90% of the entire $MEMEFI supply directly to customers, guaranteeing extensive involvement. Users can boost their chances of earning $MEMEFI tokens by completing tasks in the MemeFi Telegram bot, such as inviting friends and joining social media challenges. MemeFi also provides a fun gaming experience where players can earn rewards by battling characters inspired by popular memes like Pepe and Doge. As the TGE approaches, investors and followers can expect further announcements, including details on MemeFi’s major backers and airdrop mechanics. Follow The Crypto Times on Google News to Stay Updated!
What Is MemeFi?
Key Takeaways MemeFi is a decentralized game that embraces the meme culture in the crypto style. It adopts meme coin imagery and combines it with GameFi. It features gaming character tokenization through keys, other in-game NFT items, and a multi-token economy that makes up the core gameplay and general project management. It debuts the TOYBOX token, an ERC-404 standard token that will be integrated into the gameplay for playable character management, along with MemeFi, its governance and reward token, and PWR, its in-app token. Meme coins are built around their communities, attracting holders that resonate with the community’s theme meme. Many meme coins have grown into large communities, with tokens like Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), and PEPE breaking into the top 50 tokens by market capitalization. For MemeFi, a decentralized gaming project, meme coin communities are not only people sharing viral memes, but clans with similar interests. MemeFi has launched its testnet on the Sepolia test network and invites the larger gaming and crypto community to participate in the testing program for the application. Introducing MemeFi MemeFi is a blockchain-based web game built around crypto meme culture and unique ideas that complement the usual GameFi design. MemeFi features in-game NFT items and tokens as key features in their gameplay, where gamers are rewarded for participating and completing missions and leveling up. Beyond the usual GameFi features, MemeFi also introduces social tech to gaming. Characters in the game are tokenized through keys – a concept seen in Friend.tech (more on that later) – and offer benefits for key holders and their players. Key holders invest in players and earn yields from their winnings, and these keys can be traded. With public testing already underway, gamers can already get a glimpse of what the game offers and also benefit from the testnet incentives. MemeFi Gameplay MemeFi allows fans of meme coins to ‘pick the side’ of their favorite meme coin and compete with other communities as part of a wide range of engaging and rewarding activities on the platform. MemeFi’s gameplay features battles ranging from clan raids to individual sparring matches. On the PVE side of things, there are bosses for players and clan to battle, and by defeating bosses in raids, players can earn loot and in-game wealth. Clans Dogecoin or Shiba Inu? Many meme coins that have made it to the top ranks have a ‘cult’ following made up of enthusiastic holders who cannot stop talking about their beloved memes and coins. With the MemeFi clans, you can now fight for your favorite meme coins with the whole community fighting alongside you in the clash of meme coin clans. Top meme coins like WIF, Pepe, Doge, and Shiba Inu are already represented – there is currently no information about the addition of more clans to the currently existing ones. However, the clans available at the testing stage represent a majority of top meme coin communities. Gamers can join their favorite clans by paying an entry fee, although there is a cap on individual clan memberships. By joining a clan, players can participate in clan raids, share resources, and increase their earnings. The clan grows with each new member that joins, with the clan being led by memelords who win their leadership status. Memelords also have the power to change the clan values and requirements. The general community power represents the individual strength of each member and is a primary factor in the clans’ chances of winning clashes known as raids. Raids On MemeFi, players can take part in boss raids and clan raids with their clans. Boss raids are PVE events, with new bosses respawning daily. Players can attack one boss per day, with difficulty based on boss power levels. Taking part in boss raids and defeating them earns loot for the player’s clan, which is then divided among members based on their contributions. There are also clan raids, which reset on a daily basis and are initiated by the clan leader against rival clans. Clan members can join raids in a six hour attack window after initiation, and the winning clan earns resources taken from the losing clan, who lose power. Clans stand a better chance of winning if more members are supporting the raid, and superior performance in raids enables players to advance their clans and develop their characters. Keys in MemeFi One of the unique concepts behind MemeFi is the idea of ‘investing’ in a character through keys. Keys are a key part of MemeFi’s character tokenization system, which leverage the unique social dynamics of profit-sharing. Every character on MemeFi has keys, which allows holders to invest in players and earn yield from their winnings. Multiple gamers can purchase keys for a certain player, and there is no cap on the number of keys one can purchase. A player’s performance will define the value of their keys and their popularity, with key trading being one of the profit avenues on MemeFi. Tokens in MemeFi MemeFi operates a multi-token economy, each token is accorded a set of utilities that enable the smooth operation of the game and the gaming economy. Three tokens control the MemeFi game, MEMEFI PWR TOYBOX MEMEFI MEMEFI doubles as the governance token of the MemeFi project and the primary utility token. As a governance token, MEMEFI token holders make up the DAO that controls the game's operations. Each holder possesses political influence to the tune of the number of tokens they hold. Holders deliberate and vote on key technological and financial decisions concerning the project via the governance portal. MemeFi returns the ownership of the project to the gamers, giving them control over which direction the game they play goes. MEMEFI is also used in-game – character keys, progression items, and commissions for key trading are paid in MEMEFI. About 12% of the total MemeFi supply has been reserved for community development with 8% dedicated to user and contributor incentives. 19% is allocated to the MemeFi treasury while the project team holds 10% of the total supply. The team's allocation is vested for 18 months with a 12 months cliff. Finally, 26% of the total supply will be used to power the in-game economy. PWR PWR is the token for the core activities on the MemeFi game. It controls the gameplay and according to the project, the value of PWR stays stable. PWR is a gauge of character strength and determines the privileges and resources available for each character at any point in the game. PWR is used for individual attacks and entry into clan raids, and are purchasable in the game. Each character has a maximum amount of PWR it can hold. The maximum strength for each character is a fixed percentage of the maximum amount of PWR that has ever been on their balance. PWR can also be used for other in-app purchases. TOYBOX MemeFi introduces a third token to the game’s tokenomics. The TOYBOX token is an ERC-404 standard token designed to fit into the gameplay and enable more abilities for gamers. The ERC-404 standard is a new token-creation model that combines the abilities of fungible and non-fungible token standards. According to the project, the TOYBOX ERC-404 token will represent MemeFi playable characters and will be used in the game. While game access won’t be gated with TOYBOX, players are recommended to hold the token. The supply of TOYBOX is 8,888, with the full plans for TOYBOX to be revealed and rolled out during the testnet and beta phases. Final Thoughts MemeFi unites GameFi and meme coins. By combining these two areas of crypto, meme coin enthusiasts can now enjoy an incentivized game that pays tribute to their favorite meme tokens, while introducing more conventional gamers to the world of meme coins. MemeFi also incorporates new technologies into its game, ranging from keys to the ERC-404 TOYBOX token. That being said, MemeFi is powered by advanced computing protocols and relatively new technology and concepts. It is important to understand each of these and how they relate to users. The testnet phase is also an opportunity to get an even clearer understanding of the gameplay and other features for regular players and investors. Pending the public launch, gamers and interested meme coin enthusiasts can expect another project focused on bringing fun to the space and offering significant rewards at the same time. Also, note that this article only reviews the MemeFi game and project and shouldn’t be taken as financial advice.
Bitget pre-market trading:MEMEFI (MEMEFI) is set to launch soon
We're thrilled to announce that Bitget will launch MEMEFI (MEMEFI) in pre-market trading. Users can trade MEMEFI in advance, before it becomes available for spot trading. Details are as follows: Start time: 25 September, 2024, 10:00 (UTC) End time: TBD Spot Trading time: TBD Delivery time: TBD Pre-market trading link: MEMEFI/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Coin settlement: Utilizes a "cash on delivery" method. If the seller fails to deliver the required coins, the security deposit will be forfeited as compensation for the breach of contract. USDT settlement USDT settlement: A new option for pre-market trades. This is the second settlement option offered by Bitget for pre-market trades. Orders are settled at the average index price at the last minute as the delivery execution price. The losing party will pay the difference to the winning party. Both parties can lose or gain up to 100% of the security deposit, excluding transaction fees. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last minute as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction MemeFi is a gamified Telegram ecosystem that monetizes user engagement via incentives, innovating in the sphere by introducing new engagement solutions into Telegram. It features a unique fantasy universe, growing not only as an ecosystem, but a brand. MEMEFI Total supply: 10,000,000,000 Website | X | Telegram FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? The system will pre-freeze the funds required for the current order between the buyer and seller as a transaction guarantee. Prior to the delivery time, the seller must ensure that their spot account holds the required amount of new tokens; otherwise, the transaction will be canceled. Similarly, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen margin. Once the delivery is completed, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account after deducting the transaction fee. Note: (1) Upon reaching the delivery time, the system will execute the delivery according to the transaction time in sequence, which is expected to be completed within one hour. The seller should refrain from any transactions involving the delivery currency funds within 30 minutes after delivery initiation to mitigate the risk of delivery failure due to insufficient funds. (2) If you have both buy and sell orders, ensure that your spot account holds the required quantity of the sell order currency at the time of delivery. Orders with insufficient balance will be processed using the "compensate with margin" approach. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget!
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