MemeFi is set to revolutionize the Telegram mini-app space by launching a new token and forging a pioneering partnership with the Layer 1 blockchain SUI, with the token launch scheduled for November 22. This makes MemeFi the first Telegram mini-app to collaborate with SUI, positioning it at the forefront of innovation before its highly anticipated token launch. The excitement is palpable as MemeFi’s token pre-market volume has surged to nearly $4 million on the cryptocurrency exchange OKX, even before its official release. The project’s press release highlights that users will soon have the ability to acquire MemeFi tokens directly through major exchanges, with plans already in place to list the token on six leading platforms.
The MemeFi website teases the launch of the new token on Sui, promising a cost-effective, swift, and user-friendly experience. In a strategic move to foster community engagement, MemeFi has devised an airdrop model for its native token, ensuring equitable distribution based on user involvement. A significant 85% of the total MEMEFI token supply is earmarked for Telegram users, with an additional 5% allocated to Web3 enthusiasts, keeping certain details under wraps to safeguard against token exploitation.
MemeFi’s collaboration with Sui and Mysten Labs aims to redefine the perception of Telegram apps within the crypto domain. Boasting over 26 million monthly active users, MemeFi plays a crucial role in the meme coin sector, now set to expand its influence and service offerings through this groundbreaking partnership. With Sui’s ecosystem recently exceeding 26 million active wallets, MemeFi is poised for substantial growth and increased community service.
The meme coin market has witnessed unprecedented dominance this year, achieving a staggering market cap of $60.93 billion and delivering explosive returns that captivate traders. MemeFi taps into this burgeoning demand, aspiring to evolve into a comprehensive meme coin ecosystem with two Telegram products in development.
The project’s pseudonymous founder emphasizes the goal of crafting a platform that caters to the expanding Telegram community’s needs. “Our efforts have been concentrated on fostering the ideal ecosystem alignment and exchange partnerships to optimize the user experience in anticipation of our listing,” the founder remarked.
To reward its dedicated user base, the MemeFi team has rolled out various reward campaigns, including daily activities that enhance engagement through multipliers and bonuses. Launched in April 2024, MemeFi merges meme culture with community-driven Telegram apps, drawing parallels to platforms like Hamster Kombat and TapSwap. In this engaging game, players navigate battles for dominance and resources in a meme-inspired world, highlighting the project’s innovative approach to combining entertainment with digital asset culture.
