MemeFi, a popular Telegram tap-to-earn game, has made a major announcement ahead of its highly anticipated token launch and airdrop. The developers have shifted their blockchain from Ethereum Layer-2 network Linea to the Sui network and are expected to announce the airdrop and token launch sometime in Q4 2024. This partnership with Mysten Labs, the team behind Sui, promises enhanced features, smooth gameplay, and exciting airdrop opportunities for the community. Here’s everything you need to know about the new airdrop criteria, tokenomics, and how to maximize your rewards before the final player snapshot.

• The $MEMEFI token will launch on the Sui blockchain and list on leading centralized exchanges, including KuCoin.

• MemeFi token launch shifts from Linea (Ethereum Layer-2) to Sui, teaming up with Mysten Labs. 

• As per the MemeFi tokenomics, 90% of the total $MEMEFI supply will be distributed to users via airdrops and other rewards. The eligibility criteria now focus on coins earned in the game, with multipliers and bonuses for interacting with multiple aspects of the ecosystem.

• KuCoin has launched pre-market trading for MEMEFi starting from October 25, 2024. 

MemeFi is a play-to-earn (P2E) game that merges meme culture with decentralized finance (DeFi). The platform has seen exponential growth, with over 45 million players joining since its launch. Players participate in meme-themed battles, earn in-game currency, and complete tasks like daily combos, video codes, and social media challenges to boost their earnings.

Read more: What Is MemeFi Coin Telegram Miner Game, and How to Play?

The developers of MemeFi have announced a strategic partnership with Mysten Labs, marking their transition to the Sui blockchain. Sui offers fast and cheap transactions, with scalability suited for MemeFi’s growing user base. This shift also reflects MemeFi’s ambitions to integrate deeply with Web3 and Telegram, leveraging Sui’s tech for seamless in-app features and future marketing efforts.

Source: MemeFi Telegram

Following the MemeFi TGE, the $MEMEFI token will be listed on six top-tier centralized exchanges, with a seventh pending confirmation. MemeFi’s token distribution model remains the same, with 90% of the total supply allocated to community rewards, but the listing has been delayed to ensure the best launch environment. The team is focusing on ecosystem alignment and exchange partnerships to deliver the best possible outcome for users.

The airdrop will occur on Sui, a layer-1 blockchain network with high scalability and low transaction fees Users will soon gain access to a public airdrop checker to verify their eligibility.

To qualify for the MEMEFI airdrop, users need to meet these updated requirements:

1. Set up a MemeFi Wallet: Ensure secure storage of your tokens on the new Sui network.

2. Participate in Game Activities: Complete tasks like daily combos, quests, and mystery spins to earn more coins.

3. Join the MemeFi Community: Engage actively in Telegram discussions and stay involved with in-game events.

4. Earn Coins in the Game: Focus on accumulating in-game currency, as coin totals will heavily influence airdrop allocations.

5. Take Advantage of Ecosystem Multipliers: Bonuses will reward interactions across the ecosystem, including Testnet OG users.

With bot detection measures in place, the distribution will reward genuine engagement, ensuring fair allocations.

The airdrop model will be complex and non-linear to reward active participation across the ecosystem, with bot detection measures in place to ensure fair distribution. Detailed criteria will be revealed within the next 10 days, and the snapshot has not yet been taken, allowing users to continue playing and earning.

Source: MemeFi docs 

MemeFi’s tokenomics emphasize community engagement and project sustainability:

• Community Rewards (90%): A majority of the 10 billion $MEMEFI tokens are reserved for airdrops, play-to-earn incentives, and user rewards. Of this, 85% of the tokens are reserved for Telegram airdrop and the remaining 5% is for the Web3 airdrop. 

• Liquidity and Listings (5.5%): Allocated for liquidity pools and centralized exchange (CEX) listings.

• Strategic Partners & Early Adopters (3%): Dedicated to partnerships and seed investors.

• Seed Investors (1.5%): Reserved for early supporters of the project.

This well-structured token distribution ensures that the majority of rewards go back to the players and community, fostering long-term engagement.

MemeFi has partnered with KuCoin to launch pre-market trading for the $MEMEFI token starting from October 25, 2024 at 08:00 (UTC). This exclusive opportunity allows users to trade MEMEFI ahead of the official spot market launch.

This early access empowers users to strategize their holdings before the full market launch on October 30. KuCoin is yet to announce the delivery schedule, so keep an eye on official updates to stay informed about latest developments and important announcements.

Read more: MemeFi (MEMEFI) is on KuCoin Pre-Market: Strategize Before the Market Opens

To maximize your rewards, it’s essential to remain active in the MemeFi ecosystem. Here are some tips:

• Complete All Tasks: Finish assigned tasks such as interacting on Telegram, promoting the platform, and participating in the game.

• Earn More Coins: Focus on accumulating as many in-game coins as possible to boost your airdrop allocation.

• Hold Your Tokens: Consider holding your $MEMEFI tokens post-airdrop for potential future gains. MemeFi’s roadmap shows long-term growth potential.

• Participate in Giveaways: Spin the wheel, fill the Ether progress bar, and earn tickets for ETH rewards.

Mystery Rewards and Daily Bonuses

MemeFi continues to enhance the gaming experience with Mystery Rewards, offering coins, spins, and other exciting prizes. In Q4 2024, the Extreme Heat Season will reward players with triple bonuses on coins and spins, encouraging participation in the game’s referral program.

Read more: How to Mine More Coins on MemeFi Coin Telegram Clicker Game

MemeFi’s roadmap outlines ambitious plans for expanding its ecosystem and enhancing user engagement:

• Governance System: Post-TGE, the MemeFi community will vote on game updates and ecosystem developments.

• New Gameplay Elements: Upcoming features include clan-based progression and character building to deepen engagement.

• MemeFi Ventures: The launch of Memes Lab, a Web3 incubator project, will introduce new meme-themed games and innovative gameplay mechanics.

MemeFi’s migration to the Sui network, alongside the token launch, marks an exciting new chapter for the project. With 90% of the token supply allocated to player rewards, MemeFi aims to incentivize active participation and reward loyal users. The transition to Sui provides players with faster, cheaper transactions and greater scalability, aligning with the project’s ambitious roadmap.

Stay informed about the airdrop snapshot and take full advantage of the pre-market trading on KuCoin to strategize before the token launch. MemeFi’s evolution within the Sui ecosystem promises new gameplay features, governance, and long-term earning opportunities—making it one of the most trending projects in the Telegram GameFi space.

While MemeFi offers exciting opportunities, the cryptocurrency market remains highly volatile. Token prices can fluctuate significantly, especially following new launches and airdrops. As with any blockchain-based project, there are risks associated with participation. Research thoroughly, manage your expectations, and only invest what you can afford to lose. Staying engaged with the community and monitoring project updates will also help you make more informed decisions.