Prior to its token launch on November 22, MemeFi is the first Telegram mini-app to collaborate with Layer 1 blockchain SUI.
Although MemeFi’s coin is scheduled to start on November 22, its pre-market value on the cryptocurrency platform OKX has nearly surpassed $4 million.
The press announcement for the project states that customers would have direct access to MemeFi tokens via well-known exchanges. Six significant exchanges are already planning to list MemeFi’s cryptocurrency.
The new coin will be introduced on Sui, which promises to provide a “cheap, fast, and user-friend claim experience,” according to the MemeFi website.
For its native coin, the project has already devised an airdrop scheme allowing users to earn equitable percentages based on community activity.
Telegram users will receive about 85% of the MEMEFI token supply, with the remaining 5% going to Web3 users.
However, in order to guard against token misuse, MemeFi has decided to keep some information secret.
MemeFi hopes to transform the perception of Telegram apps, especially in the cryptocurrency area, with its collaboration with Sui and its creator, Mysten Labs.
MemeFi is a Telegram micro app that actively facilitates the meme coin ecosystem and has over 26 million monthly active users.
This is the first time a Telegram micro app has collaborated on a project with Sui and Mysten Labs. MemeFi wants to reach a wider audience and offer more services to the community, especially because Sui recently surpassed 26 million active wallets in its ecosystem.
Meme currencies have been sweeping the market this year with an astounding $60.93 billion market valuation and explosive returns that keep traders alert and craving more.
With two Telegram products under development, MemeFi hopes to become a meme coin ecosystem in recognition of this market need. The main objective of MemeFi, according to its pseudonymous founder, is to create a platform that will benefit its expanding Telegram community. The founder said:
From ecosystem alignment to exchange partnerships, our focus has been on creating the best possible environment for our users as we prepare for our listing”
The MemeFi team has also planned other reward programs for devoted users, such as daily activities that provide multipliers and bonuses for active involvement.
Launched in April 2024, MemeFi is a blockchain-based initiative that blends community-driven Telegram apps with meme culture.
TapSwap and Hamster Kombat share many similarities with MemeFi’s model. Players engage in conflicts for resources and control in this game’s diverse universe, populated by groups influenced by different memes.
According to research in October 2024, the price of the MemeFi coin is expected to increase by 225%, possibly reaching $0.001617 by November 13, 2024.
