The Meme Games ($MGMES), a new crypto project inspired by the 2024 Olympics, rapidly raised over $150k in its presale

The Meme Games ($MGMES) launches presale: New crypto to watch ahead of Olympic games? Participants buy tokens and select meme characters to race. Successful selections earn bonuses. The presale concludes on September 8, with the token launching on decentralized exchanges on September 10

The 2024 Olympics is just around the corner. The crypto market is joining in the excitement with a brand-new project that raised more than $150k within hours of its presale launch. The Meme Games ($MGMES) has become an overnight crypto sensation. Here, five meme athletes are competing for victory. Contestants can pick a favourite meme coin and watch them race. If the selected meme coin wins, the contestant gets a twenty five percent bonus on their initial purchase.

Meme coin investors have eyes on gold this bull cycle

The wild excitement surrounding the 2024 Olympic Games has reached the crypto market. Five iconic meme characters – Dogecoin, Pepe, Dogwifhat, Brett, and Turbo – are racing for the finish line. Each of these meme coins represents a country. They come with hilarious narratives to fuel engagement.
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The blockchain selects the winner at random and rewards the investor with attractive bonus tokens.

The rules of The Meme Games are straightforward.

There is no minimum purchase limit to qualify for the game. Users who buy $MGMES tokens during the presale can choose a meme athlete to represent them in the event.
Article 78 1Spotlight WireThe best way to increase the chances of victory is to buy $MGMES tokens multiple times. More entries lead to more opportunities to win the game. And a user is eligible for unlimited entries. The gamified reward model encourages participation. It has played a key role in sending the token presale viral across the market.

Here, investors are not just buying tokens. They are competing in the 169m sprint for a HUGE twenty five percent presale token multiplier. The presale will run alongside the Olympics and the Paralympics, and the token will launch on decentralised exchanges on September 10.

The presale timeline is defined and ends on September 8.

https://x.com/MemeGames2024/status/1811406340952355185

Meme coins are back

After a few weeks of tragic descent, meme coins are back on their feet.

Pepe and Dogwifhat are leading the trend. They have both recorded a 30%+ gain on the weekly chart. Turbo climbed 17% during the same period, while Dogecoin is closely behind with a 15% gain. The Base meme coin Brett is also trending this week.
Article 78 2Spotlight WirePepe seven-day price action, source: CoinMarketCapDespite their lack of purpose and utility, meme coins are one of the hottest crypto niches. Top meme coins are sitting on top of billions of dollars. They have their communities to thank for the massive growth. That underscores the relevance of a project like The Meme Games. It spreads the spirit of the Olympics with a unique new meme coin flavour.

Buy, stake, and earn passive income with this new meme coin

Joining the Meme Games is a fun way to earn rewards. Luck determines your fate to a good extent in the game, although the odds are decent. Don’t stop there. There is also a reliable way to earn income from the Meme Games – staking on the Ethereum blockchain.

Participants can stake their $MGMES tokens to earn attractive staking APY, right from the presale stage. Those who win bonus tokens in the game can stake those rewards to earn staking rewards on top of that.

Read the official white paper for more details about $MGMES staking.
Article 78 3Spotlight WireIt is a great way to maximise the earning potential on the platform. Staking is active on Ethereum for easy and secure execution. The staking APY is dynamic. It changes throughout the presale period depending on the number of tokens staked.

That means early presale participants get the highest staking APY. They are also eligible for higher presale discounts. Why? The structure incentivizes timely participation.

Staking has proven to be a great tool for community growth. Encouraging token holding, it nurtures the health and growth of The Meme Games ecosystem. The result is a thriving community.

The road to glory

$MGMES is the native token of the Meme Games.
Article 78 4Spotlight WireAs shown above, the $MGMES tokenomics is designed to support the long-term growth of the project through gamification. $MGMES has a total supply of 2.024 billion tokens, out of which 38% is set aside for the presale and 9.3% for game winnings. In addition, 10% is distributed to token holders as staking rewards.

The rest is used for project funds, liquidity, and marketing. The Meme Games roadmap instils faith in the future of the project. The first phase marked the soft launch of the official website and social media channels. Now in the second phase, the project’s goal is to build the community through the presale, regular AMAs, and social media campaigns.

The Meme Games will run alongside the Olympic Games, and then the Paralympics. It will be followed by the token launch event (TGE) and DEX listing of $MGMES. The token will mark its presence on leading crypto tracking websites like CoinMarketCap and CoinGecko listings in the third phase.
Article 78 5Spotlight Wire

How to buy The Meme Games tokens ($MGMES)?

Buying The Meme Games tokens in the presale is the best way to secure the cheapest price. In the first stage, the token is selling for just $0.009. With each new stage, the price goes up.

Here is how you can join the MGMES token presale in just a few minutes

To get started, you will need a self-custodial, Ethereum-compatible crypto wallet like Best Wallet or MetaMask.

The presale supports purchases in ETH, BNB, and USDT. You need to stock up your wallet with any of these tokens. They are available for purchase on popular crypto exchanges. Or, you can buy them simply through the wallet.

Once your wallet is loaded, go to The Meme Games home page, where you will find the presale widget. Click the ‘Buy Now’ button, connect your wallet to the page, and enter the amount of tokens you wish to purchase.

Authorise the purchase, and you’re good to go.

But don’t leave until you have chosen the meme coin athlete you want to compete in The Meme Games.
Article 78 6Spotlight WireIf your meme athlete wins, your wallet will be credited with a token bonus, in addition to your purchase.

To increase your chance of winning, enter the competition as many times as you want. There is no minimum purchase limit to join the competition.

The winning meme coin character is selected at random, and verified by blockchain technology. The $MGMES smart contract is verified by Coinsult and Solidproof.

The project has launched a dedicated Telegram channel for those who need assistance with their purchase. The X and Telegram communities are kept updated about the latest presale and project developments.

Visit the Meme Games token presale

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This story originally appeared on: India Times - Author:Faqs of Insurances