The $67.1 billion meme coin market has nearly halved in value since mid-January when it was valued at $115 billion as the broader crypto market took a downturn over the past 30 days. Despite the red trend that plagues established tokens, Meme Index (MEMEX) is thriving in its presale phase with over $3.7 million raised.
The project revolves around an upcoming decentralized meme coin index platform that will allow its users to make pooled investments, simplifying entry into the rapidly changing meme coin market for new and experienced investors.
As MEMEX’s developers work on building the world’s first decentralized meme coin index, more investments are pouring into the projects, which raises the Meme Index per-token price over time, leaving investors with limited time to enter the presale on the ground floor.
Meme Index Will Introduce a Four-Tiered System to Help Investors Manage Their Risk and Reward Levels
Meme Index intends to bring the diversification found in ETFs to investors via its upcoming decentralized investment platform by putting various meme coins in one “basket.” The project intends to debut with four different baskets that include coins of low-to-high volatility.
Investors will have a chance to invest in Titan (low-volatility coins), Moonshot (top contenders), Midcap (meme coins with explosive potential), and Frenzy (high-volatility tokens) indexes. Holding MEMEX will act as a key to the platform, making the presale an excellent opportunity to start accumulating the token before Meme Index goes live.
Additionally, MEMEX is a governance token, meaning its holders will get to vote on key project decisions. The token’s developers have revealed that those holding MEMEX will have the opportunity to vote on adding or removing meme coins from each basket, among other proposals.
Source: Meme Index’s X
The project has allocated 20% of its total token supply to marketing, which has already helped it gather an impressive following of over 27,500 supporters across its X (Twitter) and Telegram channels.
Although additional details are yet to be revealed, the developers intend to incentivize the community to grow and promote the Meme Index brand using another fifth of its total token supply that’s reserved for community rewards.
Expert Highlights MEMEX’s 10x Potential and Massive Staking Rewards
Analyzing Meme Index tokenomics further reveals its developers set aside 25% of the total token supply for staking rewards. With its current staking APY of 609%, investors can more than 6x their token holdings long-term by locking their tokens in the staking pool.
However, the project follows a dynamic staking rewards model, meaning that yield will decrease as more MEMEX tokens are staked. The staking pool is rapidly growing, with over 164 million MEMEX already staked, leaving investors with limited time to take advantage of the massive staking APY.
Meme coin expert ClayBro believes Meme Index is preparing to join the market at the perfect time, as he expects meme coins to rebound this year and considers MEMEX’s upcoming meme coin index platform an excellent addition to the ecosystem.
Highlighting that the meme coin search volume is at an all-time high, ClayBro urges his followers to enter the MEMEX presale, as he anticipates an explosive launch for the token.
Pointing to the pro-crypto stance of President Trump’s administration that could see the first meme coin ETFs emerge, ClayBro believes the meme coin market will explode this year, and expects Meme Index to capitalize on that with 10x gains.
Robust Security and Early Momentum Pave the Way for MEMEX’s Future Success – Here’s How to Buy
Currently, Meme Index costs $0.0162933 each, but that price isn’t here to stay. As the presale advances through stages, the per-token price increases, with the next stage scheduled to start tomorrow.
With 15% of its total token supply allocated to the presale, investors still have time to start accumulating MEMEX using ETH, BNB, USDT, or a traditional bank card with no minimum investment required.
Besides the presale website, the token is available via Best Wallet’s “Upcoming Tokens” section, which makes it easy to purchase for the wallet’s 250,000+ monthly users.
MEMEX intends to list on DEXs once the presale wraps up, which will coincide with the token claim event and kickstart the first official polls for MEMEX holders to vote in. The launch of its decentralized meme coin indexes is scheduled right after.
Regarding investor security, the project had its smart contract audited by Coinsult and SolidProof, which found no critical issues in its code, confirming investor funds are safe.
Although the crypto market is as volatile as ever, MEMEX has a solid chance to explode on launch with its revolutionary meme coin index platform and increasing momentum.
The post New Meme Coin Showing Explosive Potential: Is Meme Index the Next Rocketing Crypto? appeared first on CryptoNinjas.
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