MemeFi (MEMEFI) is a dynamic Web3-based game that merges social engagement with competitive gaming mechanics. Initially designed for Ethereum's Linea layer-2 network, MemeFi recently announced a strategic shift to the Sui blockchain. This migration, effective with its token launch in November 2024, aligns with MemeFi’s goal of leveraging Sui’s fast, low-cost infrastructure for seamless in-app transactions. The platform’s unique blend of gameplay and decentralized finance (DeFi) elements offers players opportunities to earn, trade, and manage in-game assets through clan participation, yield farming, and governance votes.

• Community Engagement: Active participation from over 27 million users via Telegram and over 21 million members in its official Telegram community, with clans battling bosses and managing in-game economies.

• Network Migration: Transitioned from Ethereum Linea to Sui blockchain, in collaboration with Mysten Labs.

• Token Launch & Airdrop: Pre-market trading began on KuCoin on October 25, 2024, with MEMEFI token officially launching on November 12, 2024. Final snapshots for airdrop eligibility are set for November 6.

Token Use Cases

MEMEFI serves as the ecosystem’s utility token, designed to support governance, rewards, and in-game purchases. Here are its primary uses:

• Governance: MEMEFI holders can participate in game development decisions through voting.

• Revenue Share and Farming: The token facilitates yield farming and revenue sharing within the ecosystem.

• Character Progression: MEMEFI is essential for upgrading player abilities and unlocking advanced game features.

The tokenomics model emphasizes sustainable growth through a fixed supply, ensuring scarcity and value for active participants. Key rewards are distributed from clan-based treasuries, promoting healthy competition through boss raids and social activities.

Token Distribution 

The MEMEFI token plays a central role in the platform's economy, designed to support governance, gameplay rewards, and in-game purchases. Below is the detailed breakdown of token allocation:

• 90%: Community Rewards and Airdrop Allocation

• The vast majority of the MEMEFI supply is reserved for community-driven rewards.

• This allocation fuels activities like in-game tasks, boss raids, clan wars, and seasonal events.

• Rewards are distributed via Telegram-based engagement and Web3 airdrops, promoting long-term user retention and participation.

• 5.5%: Liquidity and CEXs

• This pool is allocated to provide liquidity on decentralized and centralized exchanges.

• It ensures smooth trading operations and supports the listing of MEMEFI on major exchanges.

• 1.5%: Seed Funding

• Early supporters of the project receive tokens as part of the seed funding round.

• These investors play a crucial role in MemeFi’s early-stage development and strategic expansion.

• 1%: Strategic Partnerships

• This allocation is reserved for fostering partnerships that enhance MemeFi’s ecosystem, such as collaborations with Mysten Labs and other blockchain initiatives.

• 1%: Early Adopter Incentives

• Rewarding initial testers and contributors with MEMEFI tokens, incentivizing active participation in MemeFi’s alpha and beta phases.

• 1%: Partners

• Allocated to platform partners who provide infrastructure and support services critical to the development and maintenance of the MemeFi ecosystem.

Airdrop Details

MemeFi’s airdrop design reflects its dual focus on Telegram app users and the broader Web3 community:

• Telegram User Allocation (~85% of total supply): Rewards are based on the value of TON and star purchases, coin accumulation, and participation in exclusive campaigns. Bonus criteria include hidden factors, premium memberships, and giveaway involvement.

• Web3 Allocation (~5% of total supply): Eligibility is tied to achievements like Testnet points, early adoption status, and participation in campaigns like Galxe. Web3 users benefit from non-linear and tiered airdrop structures, ensuring fair and strategic distribution.

1. September 2023: MemeFi Community officially launches on Telegram. 

2. October 25, 2024: KuCoin announces pre-market trading of MemeFi (MEMEFI) ahead of its official token launch. 

3. November 12, 2024: Official launch of MEMEFI on four major exchanges, including on-chain claims for early users.

4. Post-Launch Events: Introduction of new seasonal rewards, competitive leaderboards, and advanced clan gameplay mechanics.

5. Long-Term Vision: MemeFi aims to become a hub for both casual gamers and crypto enthusiasts by continuously expanding gameplay with new PvP challenges, clan raids, and governance features.

MemeFi’s pivot to the Sui blockchain, combined with its unique approach to token distribution and clan-based gameplay, positions it as a promising entrant in the crypto gaming space. With 90% of its supply reserved for community rewards, MemeFi emphasizes long-term user engagement and fair token distribution. The project’s emphasis on community involvement, strategic rewards, and governance makes it appealing for players and investors alike. With the MEMEFI token launch imminent, the platform offers an intriguing mix of DeFi mechanics and engaging gameplay, setting the stage for its future growth and adoption.

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