New meme coin to watch in August: The Meme Games token raises $350k in crypto presale The project offers a unique, gamified token presale experience, featuring Olympic-style competitions among popular meme coins, aiming to create an engaging community atmosphere
There are meme coins pumping and plunging every day in this industry. Choosing the right one might be one of the trickiest tasks crypto traders face.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Remember, many traders get wrecked while looking for that “next big thing” in the meme coin sector.
However, there’s a new meme coin that’s grabbing the attention—The Meme Games Token. This one is in the presale phase and it raised over $350k within the first few days. MGMS is inspired by the ongoing 2024 Summer Olympics in Paris.
Early presale success makes it a meme coin to watch this month
Even though presale funds are not necessarily a guarantee for a project’s later success, it’s definitely a decent indicator. The Meme Games Token presale raised over $300k within the first few days, and the goal is now set at slightly less than $1 million.The token is currently available only through presale’s website. You will be able to claim the tokens once this phase is finished, in September.
Spotlight WireThe narrative is hot as long as the Olympic Games are underway, but the team has bigger plans than this. This token has become an overnightsensation. The goal is to design a unique, gamified token presale where participants can enjoy the excitement of competition, and the sense of community.How does the MGMS token work?
The Meme Games simulate an Olympic-style competition between popular meme coins, such as Dogecoin, Pepe, Dogwifhat, Brett, and Turbo. Investors in these meme coins partake in a fun and competitive atmosphere, with the goal of creating the excitement found in the Olympics, the biggest sporting event in mankind’s history.Here’s how the gameplay works: once you purchase MGMS tokens, you can then choose a meme coin “athlete” to back in a virtual 169-metre dash. If your meme coin wins, you will receive a 25% bonus on your MGMS purchase.
So, how do you increase the chances of winning? Well, to boost your chances, buying MGMES tokens multiple times could potentially help. More buys mean more opportunities to win. There are also no limits on the number of entries you can make.
Spotlight WireIt's important to note that The Meme Games is positioning itself as the "official" meme coin of the 2024 Paris Olympics, although this is not an official designation.As an ERC-20 token, the Meme Games also offers a staking feature on Ethereum. Rewards are distributed at a rate of 38.5 $MGMES per ETH block. The current APY (Annual per year) rewards are over 700%, but note that these will decrease as more holders decide to stake the token.
Over 13 million MGMS tokens are staked in the pool. You can check all of this information on their staking dashboard.
Marketing
There’s hardly anything more important for an early-stage meme coin success than the marketing efforts.The Meme Games’ team has been doing a phenomenal job in this area so far. The project is advertising on multiple crypto media outlets as well as working with some popular influencers and YouTubers.
For instance, YouTuber Austin Hilton who has over 270k subscribers, posted a viral video about MGMES this week. He highlighted it as a potentially “huge” meme coin.
The team plans to continue with these efforts in the upcoming months too. This could be huge for the expansion of this meme coin.
Moreover, there's rapid growth on social media, boasting nearly 16,000 followers on X and 2,000 members on Telegram.
Tokenomics7
Well-designed tokenomics is another crucial part for every early-stage crypto project in presale. And this is yet another area where MGMES’ team did a great job.The total supply is 2.024 billion $MGMES tokens. Out of these, 38% will be available in presale.
The rest is distributed among other important parts; staking (10%), project funds (17.7%), games winnings (9.3%), liquidity (10%), and marketing (15%).
Clearly, this structure was thought out carefully.
The best crypto presale in 2024?
The Meme Games Token (MGMES) is gearing up to be one of the most exciting meme coin presales of 2024.Why? Well, the Olympic-themed concept, gamified presale structure, marketing push, and strong early traction are some of the reasons. Its tie-in with the 2024 Paris Olympics gives it a timely narrative, and features like staking, and the virtual race game add layers of engagement. It's potentially a project worth keeping an eye on this August.
Visit the MGMES presale
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This story originally appeared on: India Times - Author:Faqs of Insurances
