Key Takeaways
- Meme coin indexing platform Meme Index has released its native $MEMEX token in presale. The token is currently priced at $0.014, with its value expected to increase following every presale stage.
- Meme Index offers investors the opportunity to invest in various types of meme coins based on their risk profile and the user’s strategy of playing it safe with minimal rewards or going large with high risk to earn high rewards.
- So far, $MEMEX has raised over $800,000 with $250,000 coming within 24 hours of its launch. The tokens can be purchased on the Best Wallet app.
Meme Index, a project claiming to be the world’s first decentralized meme coin index, has released its native $MEMEX token in pre-sale on the Best Wallet app. The platform offers users exposure to the meme coin market through several key indexes.
This article discusses everything that you need to know about the Meme Index platform and its native $MEMEX token. We will also guide you through the token-claiming process on the Best Wallet app.
Could $MEMEX be the next big early investment opportunity in the crypto market? Let’s find out.
What Is Meme Index And How Does It Work?
Meme Index is a decentralized finance (DeFi) platform that offers its users exposure to the meme coin market through four unique indexes. Each of these indexes provides investors with varying levels of volatility, allowing them to choose between safer and higher-risk investment options in the dynamic meme coin market.
The four indexes are: Titan, Moonshot, MidCap, and Frenzy. Titan holds well-established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), while Frenzy would include high-risk, high-reward tokens that are exotic options. MoonShot includes tokens that are gearing up for a bull rally, and MidCap as the name suggests are meme coins showing a stable performance. The indexes are designed to cater to the different risk tolerances of investors, providing them with the much-needed flexibility to choose an investment style that suits them the best.
What Is The $MEMEX Token?
$MEMEX is the native utility and governance token of the Meme Index platform. It grants holders exclusive access to the index baskets, lets them pay for transactions, and allows them to participate in the governance process of the ecosystem.
By default, $MEMEX holders have the right to submit development proposals to Meme Index’s decentralized autonomous organization (DAO), which includes the founders, core developers, and investors. They can also vote on governance decisions that discuss the project’s future developments.
Token Distribution
The total supply of $MEMEX has been capped at 14.5 billion and the tokens are allocated in the following manner:
How To Claim $MEMEX Token?
Meme Index’s $MEMEX token is currently available on presale on the Best Wallet app. The campaign takes place in stages, with the token’s price increasing at the end of each stage. Those who buy $MEMEX via the presale can stake their tokens to earn significant APY.
At the time of writing, $MEMEX is priced at $0.01468 – up 4.91% in the last 24 hours.
The current stage will end in less than 24 hours, after which, the token’s price is poised to increase. So far, the Meme Index team has raised $871,489 out of the target of $1.24 million.
Here is how you can buy $MEMEX coin in presale on Best Wallet:
- Open Best Wallet and head to the “Apps” tab, and under the “Project Directory”, look for Meme Index and click on it.
- You will see a “Buy Now” button at the bottom of the screen. Click on it to open the payment page.
- Here you can choose from the available payment method. You can either select one of the supported crypto tokens (USDT, BNB, ETH) or pay by card.
- Enter the amount you wish to spend on $MEMEX
- Verify the details of your transaction and make sure you have enough to pay the gas fee, and then hit “Buy”.
- The tokens will be deposited into your wallet when the presale ends
When Will $MEMEX Be Listed On Crypto Exchanges?
Meme Index will list the $MEMEX token on leading centralized (CEX) and decentralized (DEX) exchanges once the pre-sale campaign is completed. This will also mark the end of the presale staking period, allowing holders to claim their rewards in additional $MEMEX coins.
Final Thoughts
Meme Index is an innovative new DeFi platform that allows investors exposure to the meme coin market through various indexes, which include cryptocurrencies that have been classified according to their risk profile. This model allows potential users to choose between safe and high-sisk meme coins.
The project has released its native $MEMEX token in presale and interested users can head over to the Best Wallet app on mobile or web to purchase and stake it. Meme Index has raised over $250,000 since the presale round began. The token is expected to be released on exchanges as soon as the presale ends.
Despite its promises, it’s extremely crucial to conduct due diligence about the Meme Index project before making any investment decision. Always remember, only put in money that you can afford to lose.
