As a seasoned crypto investor with a knack for spotting potential in the most unconventional projects, I’ve always got my eyes peeled for the next big thing. When MemeFi announced its pre-market trading on OKX, I couldn’t help but feel a pang of excitement, knowing that this could be a golden opportunity to get in early.
MemeFi, a well-known decentralized finance initiative, recently unveiled that its token, $MEMEFI, will be available for pre-trading on the OKX exchange prior to its Token Generation Event (TGE). This move offers users a chance to trade $MEMEFI before its official release. Surprisingly, though, the price of $MEMEFI has taken an unexpected dip.
At this moment, the price of MEMFI is at $0.000202, representing a decrease of over 30% within the last 24 hours. This decline aligns with a larger trend as the token has dropped by more than 99% from its peak in August, which was $0.4149. Despite this downward movement, October has shown significant growth for MEMFI, as it has more than doubled its value within just 30 days, according to the monthly chart.
Today’s debut on OKX is a follow-up to an earlier listing on Bitget in September, which provided initial exposure to trading with $MEMEFI before it becomes broadly accessible for spot trading. This strategy enables users to interact with $MEMEFI ahead of its general release. Since the TGE has been postponed, this pre-market period offers a sneak peek into how $MEMEFI may behave once it fully circulates.
MemeFi frequently teams up with established cryptocurrency exchanges, one recent partnership being Binance, which was announced on October 9th. This unique alliance has generated a special prize pool valued at $150,000. The prize package consists of five luxury watches and twenty iPhone 16 Pro Max phones from the Encrypto Steampunk Limited Edition collection, specifically designed for MemeFi’s community.
Partnership with Mysten Labs
On Friday, MemeFi achieved another significant milestone beyond its pre-market listing. The DeFi platform announced a unique partnership with Mysten Labs, the innovators behind the Sui blockchain. As part of this agreement, MemeFi and Mysten Labs intend to extend the functionalities of the Sui Layer 1 blockchain by combining it with MemeFi’s Telegram-centric features.
The goal behind this integration is to provide swift, cost-effective, and smooth user interactions, complete with airdrop promotions and in-app elements demonstrating the capabilities of the Sui blockchain platform.
At Mysten Labs, we’ll collaborate with MemeFi on shared marketing strategies and provide our product knowledge to contribute to their project development.
What’s Next for MemeFi?
For people just starting with MemeFi, this venture combines the world of memes with blockchain gaming within a decentralized financial system. Constructed on the Solana blockchain, MemeFi offers a “tap-to-earn” game that boasts more than 60 million active players and a massive Telegram community of 21 million members. Players can collect rewards by facing off against meme-themed adversaries, creating an enjoyable and captivating atmosphere suitable for both casual gamers and DeFi aficionados.
As we move forward, MemeFi’s plan is brimming with community-oriented objectives, as they have pledged to distribute 90% of their total token supply among its users. Although the official Token Generation Event (TGE) has been postponed, the pre-market trading on OKX and new partnerships suggest that the growth trajectory for the $MEMEFI token remains robust.
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2024-10-25 15:47