Everything You Need to Know About the ‘MemeFi’ Telegram Game Airdrop

On Friday, November 22 at 8:00 AM ET (1:00 PM UTC), the MEMEFI token can be launched on the Sui community. This comes after the mission jumped to the community from Ethereum layer-2 Linea final month. The promised airdrop declare will happen as soon as the token is generated.

The Airdrop token allocations have been revealed final Saturday, with 2.5 million accounts of suspected cheaters receiving the ban hammer. On Tuesday, the allocations have been adjusted after some accounts have been wrongly allotted too many tokens whereas others benefited. Now that each one of that has been cleared up, it appears like everybody is prepared for the massive day.

However how are you going to declare your tokens, what’s the token for and what’s the future for the mission? Don’t fret, we have accomplished all of the legwork for you. Here is what it is advisable know concerning the MemeFi airdrop.

How can I declare the airdrop?

For individuals who do not wish to hassle coping with all that messy blockchain stuff, OKX is the one centralized alternate obtainable to assert your airdrop. Most different Telegram video games have supplied a spread of exchanges the place claims will be despatched, however MemeFi has a particular partnership with OKX.

In contrast to the overwhelming majority of Telegram video games, MemeFi will launch its token on Sui as a substitute of The Open Community (TON). It seems that a part of the deal was to launch the airdrop completely on a single centralized alternate, OKX. Nevertheless, different exchanges resembling Binance, Bybit and KuCoin will launch the token; they simply cannot deal with the airdrop.

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Screenshots from MemeFi. Picture: decrypt

For individuals who wish to declare on-chain with a self-custodial pockets as a substitute of utilizing an alternate, customers can submit their claims one hour earlier than the token technology occasion (TGE). MemeFi says it is going to cowl gasoline prices, however on condition that customers’ airdrops point out a declare price being deducted from allocations, it seems you are really paying your individual prices through one other methodology.

MemeFi has posted an entire information to claiming right here, together with the best way to use the OKX Pockets app on Telegram to assert tokens if you cannot use OKX’s centralized alternate in your area – or just desire to not.

What can I do with the token?

Similar to another commonplace, fungible crypto token, you should purchase and promote MEMEFI as soon as it’s launched. However for the way a lot has but to be decided.

Nevertheless, merchants are speculating on the worth of the soon-to-be-launched token. On KuCoin’s pre-market platform, customers predict the token can be price a median of $0.012 at launch. As for Gate.io’s pre-market, merchants are seeing the worth nearer to $0.016. That stated, pre-market buying and selling is extremely speculative and sometimes unsuitable, so take these numbers with a grain of salt.

Apart from gross sales, based on the MemeFi whitepaper, the token may also be used as a governance token and can allow in-game purchases. How precisely this may present itself has but to be introduced.

What’s subsequent for MemeFi?

Because the final snapshot of the sport was taken on November 15, in-game progress over the previous few days won’t depend in the direction of the upcoming airdrop.

However gamers will nonetheless earn “MemeFi Stars,” which the sport calls a “precious asset” that can grow to be the “spine” of the sport’s economic system. There is no such thing as a point out of this asset within the mission whitepaper, so that is all the data we have now on Stars for now.

“That is NOT season 2,” MemeFi stated, referring to star incomes. “[It’s] one thing rather more enjoyable!”

Whereas Stars’ function stays to be seen, it seems the sport is planning a second season of its sport. That is in keeping with different tap-to-earn video games like Hamster Kombat, which can overhaul the gameplay for the upcoming second season.

Sadly, MemeFi’s roadmap would not reveal rather more, because it solely runs till the fourth quarter of 2024. Nevertheless, it does say that the mission is “constructed to develop in thrilling new instructions.” This might imply that extra is deliberate than only a second season with the identical mechanics as earlier than.

Edited by Andrew Hayward