The game leverages meme coins’ crypto popularity to offer a unique blend of entertainment and investing.
The objective of the two-phase game is for players to generate or invest in meme coins to get the maximum or minimum liquidity. Coins falling in the middle become fully rough when the timer reaches zero.
Players can make or purchase as many coins as they like during the 12-hour game’s initial phase. But only the top 10 coins will move on to the next round, returning all other investments.
For the next twelve hours, players must ensure their coins hit the top of the charts or the bottom of the liquidity pool during the “race” phase. To do this, players can exchange or purchase coins, which adds to a “rug pool” fee that is added to the prize pool.
The tokens that finish first and last in the 24-hour countdown are deemed the winners and receive the full prize pool, which includes the total rug pool tax. Not belonging to one of the extreme positions will make tokens rough and lose all their liquidity to the winners.
Context developed the game’s initial coin, AIRDROP, which is based on Base, Coinbase’s Ethereum layer 2 network. In order to facilitate the creation and exchange of tokens within Rug.fun, the team has allowed listed addresses that were previously held by other tokens and NFT projects, such as BALD.
As of this writing, the game is at the race phase, with RUGDOTFUN almost trailing ninth place by $300,000 and AIRDROP leading by a significant margin.
With $260,000 in prize money, the tokens in first and last place will split the whole prize money. The new game appears in a more relaxed cryptocurrency market, where fans and developers are using ever-more-audacious tactics to increase token value.
