MemeFi Mania: Everything You Need To Know About MemeFi's 50M User Boom, Token Airdrop, And Exchange Listings

MemeFi Mania: Everything You Need To Know About MemeFi’s 50M User Boom, Token Airdrop, And Exchange Listings

Updated: 18 October 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The rapidly growing new social game MemeFi has gained over 50 million users across platforms and already boasts 3.4 million followers on X.

The game combines social interaction with meme-based gameplay, where players can form clans, compete with popular memes, and earn in-game credits in an immersive world.

“Go wild on a meme battle arena: battle, loot and grow immense riches,’’ says it website. ‘’Fight Till The Last One Is Standing.’’

Up until now, players have not been able to redeem their credits for physical cash. But that will change soon with the project’s upcoming token airdrop and exchange listings.

MemeFi Token To Launch On Six Leading Centralized Exchanges

There have been several rumors regarding listings for MemeFi’s token. On Oct. 6, the team addressed these rumors in an X post and confirmed key details about the token distribution event.

According to the team, the game’s token will be listed on at least 6 leading centralized exchanges. The post added that there is also one pending listing. With regards to the date of the listing, the MemeFi team said that the event will be pushed back to Oct. 30 due to “a few externalities” outside of their control.

Clarity on Listings, TGE and Airdrop: All Cards on Deck 🗓

We understand your desire for transparency.

❗️Our top priority has always been to reward you in ways you deserve the most. With millions of players involved, and several examples of airdrop designs gone wrong in… pic.twitter.com/hO7LKf0SE1

— MemeFi (@memeficlub) October 6, 2024

The model to determine each user’s allocation will be “complex, weighted and non-linear,” the team said in the post. This is to ensure players’ involvement across the ecosystem is rewarded.

Any participants who acquire airdrop points by cheating the system will be disqualified. Accounts suspected to be bots will be slashed as well, the post added.

MemeFi Airdrop Criteria

Leading up to the listings, the MemeFi team has recently released the airdrop criteria for both its vast Telegram user base and the project’s Web3 community. According to the team, 85% of the token’s supply will be allocated to the game’s Telegram user base, while 3% of the total tokens are reserved for the Web3 community.

Who's getting the MemeFi airdrop?

Today we're revealing the complete criteria for the MemeFi airdrop. Some of you guys have already had a peek at the draft in the chats. We've made a few revisions to the text, so worth taking another look at it again.

❕You can find the full… pic.twitter.com/awfJwaqmjY

— MemeFi (@memeficlub) October 16, 2024

Telegram user eligibility will be determined mainly by the value of all token purchases or the amount of coins held. Only users who have accumulated a minimum number of coins will be considered for the airdrop, according to the team.

Other criteria that will be used to determine how much of the airdrop each Telegram user will receive will include their participation in on-chain transactions, giveaways and whether they have a MemeFi Premium membership.

When it comes to the Web3 community, mainnet and testnet points, as well as the ownership of certain Non-Fungible Tokens (NFTs) will be used to determine each person’s share of the MemeFi airdrop.

Other factors such as whether community members hold branded ERC-404 NFTs, Website Fortune Wheel tokens, or Elite and Royal NFTS will be taken into consideration. Anyone who fulfills a Discord OG role will also be eligible.

The team added, however, that some of the criteria remains a secret in order to prevent exploitation.