Meme Index presale crosses $2 million: Is this the next big meme coin? $MEMEX grants governance rights and passive rewards with limited presale pricing available
From seasoned degens to curious investors from traditional markets, everyone wants to get their hands on meme coins. The market’s explosive growth in 2024 has catalysed its popularity.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} However, one needs to be well informed before stepping into this niche, a notorious segment infamous for price volatility. Meme Index ($MEMEX) is a decentralised platform that aims to simplify meme coin investing with a structured, community-governed approach.
It is now hosting the presale of its native token, $MEMEX, which just broke the $2 million milestone. The presale gives exclusive access to four curated Meme Index baskets.
Taming the meme coin madness
Meme Index brings more clarity to meme coin investing with four curated baskets, each tailored for different risk appetites. Here’s a quick look at them.
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The first is the Titan Index, designed for investors who prioritise stability over returns. It features heavyweights like Dogecoin and Shiba Inu. Meme coins that enter this list have already made it big and boast large communities. Titan Index is best described as a blue-chip portfolio of meme coins.
The next is the Moonshot Index, for those chasing potential returns with moderate risk. It focuses on emerging tokens that could make the $1 billion list.
Spotlight WireWith MidCap Index, the risk grows further. And Frenzy Index, packed with speculative tokens with the potential to skyrocket (or plummet), are for adrenaline junkies.In essence, Meme Index baskets provide diversified exposure to the meme coin market. It requires investors to define their risk-reward appetite and then select an index that aligns with their strategy. These curated baskets minimise the guesswork and provide a safer entry into the meme coin market. They stay aligned with market trends, keeping investors regularly updated through community voting. As a result, instead of relying on their gut instinct, investors can make informed decisions based on collective wisdom.
Meme Index mechanics
The $MEMEX token fuels the Meme Index ecosystem. It grants access to the curated baskets and unlocks perks like passive rewards and governance rights.
$MEMEX holders have a direct say in how the project evolves over time, including which tokens are featured in each basket. Investors can decide the future of the token by exercising their voting rights.
Spotlight WireThe passive reward mechanism has begun right from the presale phase. It allows investors to lock their tokens in exchange for annual percentage yields (APYs). The strategy motivates investors to hold on to their tokens and mitigate early-stage sell-offs. This creates a win-win scenario for both casual and serious investors.At the time of writing this, the $MEMEX passive income mechanism offered an APY of over 2,000%. As more participants join the presale, the APY gradually decreases to maintain sustainability.
The growing Meme Index community has over 15,000 members on X and 1,500 on Telegram. Crypto influencers like ClayBro have taken notice of the project. In a recent video, he highlighted the token’s potential to bring more investors to the meme coin market.
What lies ahead
Meme Index has an action-packed road ahead. After the token launch, the platform governance will kick off, allowing token holders to decide which tokens will make each basket. Following that, the four meme coin indexes — Titan, Moonshot, MidCap, and Frenzy — will be made available to the public.
Spotlight WireWith the meme coin market cap going above $100 billion in the last bull surge, Meme Index is a top crypto to watch now. The niche is notorious for creating overnight millionaires and draining wallets in a flash. For every Pepe that surged 30,000%, countless others have nosedived at a faster rate. Meme Index helps investors navigate this volatile landscape.$MEMEX has 45% of the token supply reserved for community and passive rewards to incentivise holding. Twenty percent goes to marketing to draw traction in a competitive landscape.
https://x.com/memecoin_index/status/1871966041963925964
The limited presale window is open
Investors have a limited opportunity to buy $MEMEX before it officially lists on crypto exchanges. The presale supports payments using cryptocurrencies and fiat cards through a compatible crypto wallet.
During the presale phase, the token can be acquired at fixed, discounted prices. For example, $MEMEX was selling for $0.0146285 at the time of writing. However, the deal won’t last long, as the price increases with each new stage.
Visit the Meme Index ($MEMEX) presale
Name: Meme Index
Email: [email protected]
*You must be at least 18 years old to access this site.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.
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This story originally appeared on: India Times - Author:Faqs of Insurances
