A new GameFi meme coin - The Meme Games (MGMES) - is off to a strong start in its presale, raising over $125k in a few hours.
Unsurprisingly, the strong early demand has caught the attention of crypto influencers and smart money traders, many of whom are looking for new meme coins to buy in light of the ongoing crypto bull rally.
Furthermore, The Meme Games is already being featured in popular crypto and mainstream publications, including The Times of India, The Economic Times and Binance Square.
Even popular crypto educational platform 99Bitcoins - which has over 700k subscribers on YouTube - praised its upside potential in a recent video, calling it the next 100x meme coin.
What Is The Meme Games?
The Meme Games is bringing the spirit of the upcoming 2024 Olympics to the meme coin market. In fact, rumours are rife that it could become the official meme coin for this year’s Paris Olympics.
Furthermore, it is being touted as a GameFi meme token that could follow in the footsteps of Notcoin and Hamster Kombat, thanks to its beginner-friendly gameplay.
Investors simply need to purchase MGMES tokens during the presale to participate in this battle of memetic athletes. They can choose the contender of their choice out of the 5 available options - the American Doge, French Pepe, German Brett, Italian Turbo and the English WIF.
The players will receive a 25% bonus on their presale purchase if their selected competitor wins the event. Furthermore, players can compete as many times as they want by simply buying additional MGMES tokens.
There is also no set minimum purchase amount, which means investors can split their investable capital and maximize their odds of winning the 25% bonus. The outcome of the individual events will be totally random, giving a fair 20% chance to the players.
The 5 contenders are carefully selected as part of a clever marketing strategy. Notably, these athletes represent some of the most popular meme coins of this bull cycle. Consequently, experts believe that The Meme Games could spark interest in their respective communities, giving a major boost to the new meme coin’s value.
High Staking Rewards, Community-Centric Tokenomics
The extensive rewards in store for the buyers do not end with the 25% bonus.
Investors have the option to stake their presale holdings - including any bonus wins - and accrue additional yield.
According to the project’s staking dashboard, the current rewards rate is over 3000%. However, buyers must stake their holdings as soon as possible, considering this yield percentage is set to decrease with time.
The project’s community-centric tokenomics has also impressed smart money investors, especially the fact that no separate allocation has been made for the team or any private sale.
In fact, 57.3% of the token supply has been made directly available to the community in the form of presale, staking rewards and bonus wins. The rest has been reserved for project funds, marketing and to provide liquidity on exchanges after launch.
Finally, the MGMES smart contract has been audited by Solid Proof. As per the audit report published on the website, the smart contract does not have any vulnerability or centralization risks that could put client funds at peril.
Investors looking to know more about the project can check its whitepaper or follow its X and Telegram accounts.
Could MGMES Be The Next 100x Meme Coin?
As previously mentioned, some smart money traders have tipped The Meme Games as the next 100x meme coin.
Indeed, this target is not out of reach, especially for the early presale buyers. After all, the upcoming Paris Olympic games are bound to bring MGMES to the spotlight. As mentioned, rumours are already circulating that it could be the official meme coin for the 2024 Olympics.
Either way, the new meme coin is expected to see strong demand, as is evident from its early presale performance.
For one, the Meme Games is scheduled to launch on DEXs on 10th September. The crypto market would likely be in the midst of a golden bull run by then, which provides the ideal backdrop for a new meme coin like MGMES to skyrocket after IEO.
Secondly, the Federal Reserve is expected to cut interest rates in September, which will likely bring a flush of liquidity to low-cap gems such as The Meme Games.
As always, the early buyers stand to reap the most benefits. In fact, MGMES is currently priced at $0.009 in its presale. However, this price is set to increase on 20th July, leaving buyers with just 3 days to buy it at its bottom.
Interested investors can visit the memegamestoken.com website and use the over-the-counter widget to buy the meme coin. They can compete in events to win the 25% bonus, which they could also choose to stake for maximum returns.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
