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The new GameFi meme coin, The Meme Games (MGMES), has had a strong start to its pre-sale, raising over $125,000 in just a few hours.
Unsurprisingly, the strong initial demand has caught the attention of crypto influencers and savvy investors, many of whom have been looking for a new meme coin to buy amid the ongoing crypto rally.
Moreover, The Meme Games has already been featured in popular cryptocurrency and major publications such as The Times of India, The Economic Times, and Binance Square.
99Bitcoins, a popular cryptocurrency education platform with over 700,000 YouTube subscribers, also praised Bitcoin’s upside potential in a recent video, calling it the next 100x meme coin.
What is a meme game?
Meme Games is bringing the spirit of the upcoming 2024 Olympics to the meme coin market. In fact, there are rumors that it could become the official meme coin of this year’s Paris Olympics.
Moreover, it is being touted as a GameFi meme token that can follow in the footsteps of Notcoin and Hamster Kombat thanks to its beginner-friendly gameplay.
Investors simply need to purchase MGMES tokens during the pre-sale period to participate in the battle of these mimetic players. They can choose their desired competitor among five options: Doge from the United States, Pepe from France, Brett from Germany, Turbo from Italy, and WIF from the United Kingdom.
If the chosen competitor wins the event, the player will receive a 25% bonus on their pre-sale purchase. In addition, the player can compete as many times as they want by simply purchasing additional MGMES tokens.
There is also no minimum purchase amount, allowing investors to split their investable capital to maximize their chances of getting the 25% bonus. The outcome of each event is completely random, giving players a fair 20% chance.
The five competitors were carefully selected as part of a clever marketing strategy. What is noteworthy is that these players represent some of the most popular meme coins in this bull cycle. As a result, experts believe that The Meme Games can generate interest in each community and significantly increase the value of the new meme coin.
High staking rewards, community-driven token economy
The various rewards prepared for buyers do not end with the 25% bonus.
Investors can earn additional returns by investing pre-sale shares (including bonus earnings).
According to the project’s staking dashboard, the current reward rate is over 3000%. However, this yield is expected to decrease over time, so buyers should stake their holdings as soon as possible.
The project’s community-driven token economics impressed savvy investors, particularly the fact that no separate allocations were made to the team or private sales.
In fact, 57.3% of the token supply was provided directly to the community in the form of presales, staking rewards, and bonus wins. The remainder was reserved for project funding, marketing, and providing liquidity to exchanges after launch.
Finally, the MGMES smart contract has been audited by Solid Proof. According to the audit report published on the website, the smart contract has no vulnerabilities or centralization risks that could put client funds at risk.
Investors who want to know more about the project can check out the whitepaper or follow X and Telegram accounts.
Could MGMES be the next 100x meme coin?
As mentioned earlier, some smart money traders predict that The Meme Games will be the next 100x meme coin.
In fact, this goal is not unattainable, especially for early pre-sale buyers. After all, the upcoming Paris Olympics will put MGMES in the spotlight. As mentioned earlier, there are already rumors that it could become the official meme coin of the 2024 Olympics.
Either way, the new meme coin is expected to see strong demand, which was evident from the early pre-sale performance.
First, Meme Games is scheduled to launch on DEX on September 10th. By then, the crypto market will likely be in the midst of a golden bull market, which provides the ideal backdrop for a new meme coin like MGMES to surge after its IEO.
Second, the Federal Reserve is expected to cut rates in September, which is likely to inject a lot of liquidity into cheap stocks like The Meme Games.
As always, those who buy early will get the most benefit. In fact, MGMES is currently priced at $0.009 in the presale. However, this price is set to rise on July 20, leaving buyers with only 3 days left to buy at the bottom.
Interested investors can visit the memegamestoken.com website and use the OTC widget to purchase meme coins. They can participate in the event to get a 25% bonus, and can also choose to stake for maximum returns.
Visit The Meme Games Pre-Sale
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
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