MemeFi announces new token launch and partnership with SUI

As a seasoned crypto investor with a knack for spotting promising projects, I find myself intrigued by MemeFi’s latest move to partner with SUI and Layer 1 blockchain Sui. With my years of experience in the cryptosphere, I can confidently say that this partnership could potentially be a game-changer, particularly in the meme coin space.


MemeFi is the initial Telegram mini-app to collaborate with the Layer 1 blockchain, SUI, prior to its token release on November 12th.

Beginning November 12, MemeFi’s token is slated for launch. Interestingly, the pre-market trading volume of this token on OKX has nearly hit $4 million. As stated in their press release, users will have the opportunity to acquire MemeFi tokens directly from prominent cryptocurrency exchanges. Moreover, MemeFi intends to list its token on six significant exchange platforms.

As stated on the MemeFi site, the upcoming token is set for release on the SUI platform, promising an efficient, affordable, and user-friendly transaction process.

The project has developed a distribution model for its native token, which will allow users to receive proportional shares based on their community involvement. Approximately 85% of the total MemeFi tokens are set aside for Telegram users, while an additional 5% will go to Web3 users. However, MemeFi is keeping certain aspects confidential to avoid potential token manipulation.

By joining forces with Sui and Mysten Labs, MemeFi aims to reshape the image of Telegram apps within the cryptocurrency world. Being a lively mini-app on Telegram with a significant presence in the meme coin sector, MemeFi boasts more than 26 million monthly active users.

For the first time, our project is partnering with Sui and Mysten Labs, setting a new standard among Telegram mini apps. Given that Sui has over 26 million active wallets within its network, MemeFi aims to broaden its influence and offer more benefits to the community.

2021 has seen meme cryptocurrencies take center stage in financial markets, boasting an impressive total market capitalization of approximately $60.93 billion. Their astronomical gains have been keeping investors excited and eager for even higher profits.

MemeFi understands the current trend in the market, so it’s planning to evolve into a complete ecosystem for meme coins by developing two products on the Telegram platform.

The anonymous creator of MemeFi announced that the main objective of the project is to establish a platform, which will bring advantage to its expanding Telegram community.

Our goal, as expressed by the founder, ranges from ensuring harmony within the ecosystem to establishing collaborative alliances, is to provide an optimal user experience while readying ourselves for our upcoming listing,” (paraphrased)

The MemeFi group has additionally organized several incentive programs for dedicated users, featuring daily tasks that provide boosters and perks for active engagement.

In April 2024, MemeFi debuted as a unique platform that merges the realm of meme culture with community-focused Telegram applications on a blockchain basis. Its operation resembles Hamster Kombat and TapSwap in many ways. Within this game, participants engage in conflicts for dominance and resources, set in a world teeming with various factions, each stemming from different memes.

According to crypto.news, it’s predicted that the value of MemeFi coins could surge by a remarkable 225% by November 13, 2024, reaching approximately $0.001617.

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2024-11-12 10:28