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Bitget New Coin Listing Announcement
MemeFi (MEMEFI) has been listed on Bitget!
Perplexity Research
Tokenomics of MemeFi (MEMEFI)
The MEMEFI token is the native token of the MemeFi ecosystem, and its tokenomics are designed to support the platform’s sustainability and user engagement.
Total Supply and Distribution
– The total supply of MEMEFI tokens is capped at 10 billion tokens[2][3][5].
– The distribution is as follows:
– 90% is allocated to the community, with 85% of this portion going to Telegram users who earn tokens through gameplay, tasks, and social activities, and 5% to the Web3 community for contributions such as testnet participation and holding NFTs[2][3].
– 5.5% is reserved for liquidity and centralized exchange (CEX) listings[2][3].
– 3% is allocated to strategic partners and early adopters[2][3].
– 1.5% is given to seed investors who supported MemeFi during its early development[2][3].
– 1% is allocated to partners for long-term cooperation[1].
Utility Within the Ecosystem
– MEMEFI tokens are used for governance, allowing holders to participate in decision-making processes related to the platform’s development[1][3][5].
– They are essential for in-game progression, enabling users to upgrade characters and unlock advanced game features[1][3][5].
– The tokens facilitate yield farming and revenue sharing, where a portion of the platform’s revenue is shared with token holders[1][3].
– MEMEFI tokens are used for in-app purchases, serving as the main currency within the ecosystem[1][3][5].
Revenue Model of MemeFi
MemeFi generates revenue through several mechanisms:
Transaction Fees and In-App Purchases
– Users incur fees for in-game transactions, which contribute to the platform’s revenue[5].
Yield Farming and Revenue Sharing
– The platform earns revenue from yield farming activities, and a portion of this revenue is shared with MEMEFI token holders[1][3].
Game Activities
– Revenue is also generated from various game activities such as clan wars, boss raids, and seasonal events[3].
Market Position of MemeFi
MemeFi operates in the niche of Web3-based gaming, particularly focusing on a Telegram-based tap-to-earn game model.
Competitive Advantage
– MemeFi’s unique blend of social engagement and competitive gaming mechanics sets it apart from other projects in the crypto gaming space[3].
– The platform’s transition to the Sui blockchain, known for its scalability and low transaction fees, enhances its competitive advantage[2][3].
### Market Share and Adoption
– MemeFi has a significant user base, with over 27 million users on Telegram and over 21 million members in its official Telegram community[3].
– The platform’s focus on community rewards and engagement helps in maintaining a high level of user retention and participation[2][3].
Growth Potential of MemeFi
### Roadmap and Upcoming Features
– MemeFi has recently transitioned from Ethereum’s Linea to the Sui blockchain, which is expected to improve the platform’s scalability and transaction efficiency[2][3].
– The upcoming token listing on November 12, 2024, and the associated airdrop are significant events in the project’s roadmap[2].
Partnerships and Integrations
– MemeFi has a strategic partnership with Mysten Labs, the developers behind the Sui blockchain, which supports the platform’s growth and technological advancements[2][3].
Scalability and Expansion Plans
– The use of the Sui blockchain allows MemeFi to handle high levels of activity within its ecosystem, ensuring scalability and low transaction costs[2][3].
Potential Ways for Investors to Generate Returns
Staking Rewards and Annual Percentage Yields (APY)
– Investors can generate returns through the yield farming program, where locking in assets provides passive yield[1][3].
Liquidity Provision Opportunities and Associated Rewards
– Providing liquidity on decentralized and centralized exchanges can earn rewards, supporting the token’s trading operations[2][3].
Potential for Capital Appreciation
– The token’s value can appreciate based on increased adoption and demand, particularly if the platform’s user base and revenue grow[4].
Unique Incentive Structures or Earning Mechanisms
– MemeFi’s revenue-sharing model and governance voting rights provide additional incentives for token holders to participate actively in the ecosystem[1][3][5].
Sources:
– [1] https://www.bittime.com/en/blog/apa-itu-token-memefi-dan-tokenomicsnya
– [2] https://www.bitget.com/academy/memefi-listing-date-on-sui-november-12-2024-details-airdrop-tokenomics
– [3] https://www.kucoin.com/research/project-reports/memefi-memefi
– [4] https://www.bittime.com/en/blog/memefi-listing-price
– [5] https://whitepaper.memefi.club/tokenomics/usdmemefi
With Citations
MEMEFI token, which is the native token of the MemeFi ecosystem. MemeFi is a Web3-based game that combines social engagement with competitive gaming mechanics, originally designed for Ethereum’s Linea layer-2 network but recently migrated to the Sui blockchain.
Tokenomics
MEMEFI has the following tokenomics structure:
- Total Supply: 10 billion tokens
- Community Rewards: 90% of the total supply
- 85% allocated for Telegram users
- 5% allocated for Web3 community participants
Token Utility
The MEMEFI token serves several purposes within the MemeFi ecosystem:
- Governance: Token holders can participate in decision-making processes through voting on technological and financial proposals via a DAO structure5.
- In-game purchases: Players can use MEMEFI to buy character keys, progression items, and pay commissions when trading keys4.
- Revenue Share and Farming: The token is used for revenue sharing and yield farming opportunities5.
Token Launch and Listing
- Launch Date: November 22, 2024, at 10:00 UTC1
- Pre-market Trading: Available on Bitget since September 25, 20242
- Listing Exchanges: MemeFi plans to list its token on six major exchanges1
Airdrop and Distribution
A significant portion of MEMEFI tokens will be distributed through an airdrop:
- 90% of the total supply is allocated for community rewards4
- The final snapshot for the airdrop was scheduled for November 6, 2024
- Airdrop allocations were to be announced on November 8, 2024
- Token claiming on-chain was set to begin on November 12, 20242
Blockchain and Technology
MEMEFI will be launched on the Sui blockchain, which offers:
- Cheap, fast, and user-friendly claim experience
- Improved scalability for the growing user base
- Low transaction fees for seamless in-game transactions14
Market Performance and Projections
While specific price data for MEMEFI is not provided in the search results, the token’s performance and potential can be inferred from the following:
- Pre-market volume on OKX reached almost $4 million1
- The project has generated significant interest, with over 26 million monthly active users on its Telegram mini-app1
Investment Considerations
Potential investors should consider the following aspects of MEMEFI:
- The token combines utility in gaming with DeFi elements like yield farming and governance
- MemeFi’s partnership with Sui blockchain and Mysten Labs may provide technological advantages
- The project’s focus on community engagement and rewards could drive adoption and token demand
It’s important to note that, as with all cryptocurrency investments, there are risks involved, and thorough research is essential before making any investment decisions.
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Unlocking the Future of MemeFi: A Deep Dive into Revolutionary Tokenomics
Discover how MEMEFI is reshaping the gaming landscape with community-driven incentives and innovative ways to make money as a gamer.