Confirmed: MemeFi Listing Date on Sui is November 12 – Here’s What You Need to Know
October 2024 is wrapping up with exciting news for MemeFi fans! The long-awaited MEMEFI token is set to officially launch on the Sui blockchain on November 12, 2024. With millions of players already enjoying its play-to-earn games, this announcement has everyone looking forward to one of the biggest token launches of the year. In this article, we’ll explain everything you need to know about MemeFi—its tokenomics, details about the listing and airdrop, and how you can maximize your rewards before the big day.
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What Is MemeFi?
MemeFi is a Web3 social gaming platform that incorporates both player-versus-environment (PvE) and player-versus-player (PvP) mechanics. It operates in the realm of meme culture, where players complete various tasks such as meme-themed battles, raids, and social tasks to earn in-game rewards. The platform has attracted a massive player base, mainly through its tap-to-earn game on Telegram, which allows users to engage in simple gameplay while accumulating virtual currency and tokens.
In addition to its Telegram-based game, MemeFi offers a web-based experience that spans across a virtual world map, enabling users to complete a series of missions and tasks. The platform has evolved into a hybrid of entertainment and financial engagement, driven by its robust in-game economy.
Read more: MemeFi (MEMEFI): The Next Big Thing in Meme Coins and Gaming
MemeFi Tokenomics
MEMEFI is the native token of the MemeFi ecosystem, serving as the backbone of its in-game economy and reward system. Its tokenomics are designed to encourage active participation and promote long-term sustainability. Here's how the token supply is structured:
- Total Supply: MEMEFI has a fixed supply of 10 billion tokens.
- Community Rewards (90%): A substantial portion of the token supply—90%—is dedicated to rewarding the community.
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85% of this is set aside for Telegram users, who earn tokens through gameplay, completing tasks, and participating in social activities.
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5% is allocated to the Web3 community, based on their contributions through testnet participation, holding NFTs, and other early adopter roles.
- Liquidity and Listings (5.5%): This portion is reserved for ensuring liquidity and supporting centralized exchange (CEX) listings.
- Strategic Partnerships and Early Adopters (3%): A part of the supply is allocated to strategic partners and early adopters who contributed to the platform’s growth.
- Seed Investors (1.5%): A small share goes to the initial investors who supported MemeFi during its early development.
MemeFi Listing Date and Airdrop Set for November 12, 2024
Following its shift from Ethereum’s Layer-2 Linea to the Sui blockchain, the MEMEFI token is now scheduled to be listed on November 12, 2024. This transition is supported by a strategic partnership with Mysten Labs, the developers behind Sui. It ensures that MemeFi benefits from the scalability and low transaction fees necessary to accommodate its rapidly growing user base. Sui’s advanced technology enables MemeFi to offer seamless in-game transactions and the scalability required to handle the high levels of activity within its vibrant Telegram community.
In addition to the token listing, MemeFi will conduct a massive airdrop, with 90% of the total token supply allocated for player rewards. The final snapshot of player activity will be taken on November 6, 2024, and airdrop allocations will be announced on November 8. Players will be able to claim their tokens on-chain starting on November 12, the same day the token is officially listed.
MemeFi Airdrop Criteria
MemeFi’s airdrop is designed to reward active engagement across its ecosystem. There are two categories for airdrop participants:
Telegram Users (85% of supply):
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Core Criteria: To qualify for the airdrop, players must have accumulated a minimum number of in-game coins. Players who surpass this threshold will be eligible for rewards.
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Bonus Criteria: Players can earn additional rewards through various multipliers by engaging in daily activities, social interactions, and holding specific NFTs. The more active a player is, the higher their reward allocation.
Web3 Community (5% of supply):
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Core Criteria: Rewards are based on participation in testnet and mainnet activities, holding specific NFTs, and early adopter status. These criteria were based on previous snapshots.
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Additional Criteria: Bonuses are available for those who hold branded NFTs, GAL stakers, and other early adopters from the Web3 ecosystem.
The airdrop distribution is non-linear, meaning that higher engagement will be rewarded disproportionately, ensuring that active participants receive the most significant rewards.
How to Maximize Airdrop Rewards
To maximize your rewards from the MemeFi airdrop, it is essential to engage actively across the ecosystem. Here are some steps to help you get the most out of the airdrop:
- Engage in Daily Game Activities: Participate in boss fights, raids, and other in-game tasks to accumulate as many coins as possible. Your coin total will significantly influence your reward allocation.
- Upgrade Your Boosters: Use the in-game currency you earn to upgrade your damage output and energy capacity. This will help you earn more coins and increase your airdrop rewards.
- Be Active in the Community: Join discussions on Telegram, complete social tasks, and stay involved with in-game events. Active community participation can lead to higher bonuses.
- Leverage Web3 Bonuses: If eligible, ensure you meet the Web3 criteria, including holding specific NFTs and fulfilling testnet or mainnet requirements. These multipliers will boost your final reward.
- Stay Informed: As the final snapshot will be taken on November 6, 2024, players still have time to participate and increase their in-game activity before the cut-off date. Monitor updates from MemeFi for additional opportunities to maximize rewards.
MEMEFI Token Now Available for Pre-Market Trading on Bitget
The MEMEFI token, the native token of the MemeFi ecosystem, is now available for pre-market trading on Bitget. This early trading option allows users to trade MEMEFI ahead of its official spot trading launch, providing an opportunity to secure tokens before they are listed on exchanges.
Pre-market trading for MEMEFI began on September 25, 2024, with the spot trading and delivery times to be announced at a later date. During this period, users can participate in two types of settlements: coin settlement (cash on delivery) and USDT settlement, where orders are settled at the average index price.
Join Bitget today and get early access to the MEMEFI token during the pre-market trading period. Secure your position before the official launch and start trading now!
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Conclusion
The confirmed November 12, 2024 listing date for MemeFi token on the Sui blockchain is an exciting milestone for the project and its rapidly growing community. With a massive airdrop and rich in-game rewards, MemeFi is offering players a unique opportunity to earn and engage with Web3 in an entirely new way. By staying active in the game, completing tasks, and maximizing your engagement across the ecosystem, you can ensure you’re fully prepared to make the most of the upcoming airdrop and token launch.
Stay tuned as we approach the final snapshot on November 6, and don’t miss out on what could be one of the biggest play-to-earn token launches of the year!
Register on Bitget now to get ready for the MEMEFI token listing!