Telegram tap-to-earn game MemeFi is gearing up for its highly anticipated token launch, following a surge in popularity that attracted millions of players eager to secure a portion of its upcoming airdrop.
The MEMEFI token is scheduled to launch on the Sui network on Friday, November 22 at 8am ET (1pm UTC). This move comes after the project transitioned from Ethereum layer-2 Linea to the Sui network last month. The promised airdrop distribution will take place once the token is officially generated.
Recently, the allocations for the airdrop tokens were disclosed, leading to the banning of 2.5 million suspected cheaters’ accounts. Adjustments were made to the allocations after certain accounts were mistakenly assigned excessive tokens, resulting in others benefiting from the correction. With these issues resolved, the stage is set for the token launch.
For those looking to claim their airdrop tokens, the process can be done through the centralized exchange OKX. While most Telegram games offer multiple exchange options for claiming tokens, MemeFi has partnered exclusively with OKX for the airdrop. The token will be launched on the Sui network rather than The Open Network (TON), with exchanges like Binance, Bybit, and KuCoin set to list the token without handling the airdrop.
Users can also claim their tokens using a self-custody wallet by submitting their claims an hour before the token generation event. MemeFi assures users that gas fees will be covered, although a claim fee deducted from allocations suggests that users may incur costs through an alternative method.
The MEMEFI token, once launched, can be traded like any other fungible cryptocurrency. While the token’s exact value remains uncertain, traders on platforms like KuCoin and Gate.io predict varying prices for its launch. Additionally, the token will serve as a governance token and facilitate in-game purchases, as outlined in the MemeFi whitepaper.
Looking ahead, MemeFi players continue to earn “MemeFi Stars,” described as a valuable asset that will play a significant role in the game’s economy. Details about Stars are scarce, as they are not mentioned in the project’s white paper. The game hints at a potential second season, similar to other tap-to-earn games like Hamster Kombat, which plan gameplay overhauls for their upcoming seasons.
While MemeFi’s roadmap extends only to Q4 2024, the project hints at expansion into new and exciting directions beyond a second season. The game’s future remains promising, with potential developments that could set it apart from its current iteration.
Overall, MemeFi’s token launch and upcoming developments are poised to bring further excitement to the tap-to-earn gaming space. Stay tuned for more updates on this innovative project.
This post has been edited by Andrew Hayward.