MemeFi just dropped a major update that’s got the crypto world buzzing. It will be launched on 30th October 2024.

They shared details about their tokenomics, which revealed some big news: there won’t be a Season 2 farming phase.

With the official token release just five days away, the excitement is building.

Let’s look at the breakdown of its tokenomics.

Tokenomics Breakdown: The Community Gets 90%!

MemeFi’s total token supply is capped at 10 billion, and all tokens will be circulating when the tokens are released.

The biggest chunk—90%—is going straight to the community and the remaining 10%.

This makes MemeFi one of the most community-focused projects we’ve seen in a while.

It also shows its dedication to decentralization and rewarding its users.

This distribution plan shows MemeFi’s commitment to supporting early users and ensuring enough liquidity for future exchange listings.

Talking about exchange listing, which of the CEXs will MemeFi be listed on?

Let’s discuss that below.

Which CEX Will MemeFi Be Listed On?

Though MemeFi hasn’t confirmed which centralized exchange it will be listed on, rumors are swirling.

Other tapbots like Notcoin, Hamster Kombat, WAT, Catizen, and DOGS were listed on major exchanges.

In the same vein, many are hoping for a listing on major platforms like Binance or Bybit.

This would help to boost the token’s value and exposure.

With no farming planned for Season 2, all eyes are on how the community will shape MemeFi’s growth.

And again, how much value the token might gain in the long run.

But will MemeFi cook? Will we be seeing USDT and not DUST in our wallets?

Read my reply below.

3 Reasons Why MemeFi Could Be Huge

The timing of MemeFi’s launch could not be more perfect.

As the broader crypto market shows signs of recovery, meme coins like Dogecoin and Shiba Inu have continued to hold strong communities.

These coins have shown that a large user base and strong community engagement can propel a coin to mainstream attention, even with limited utility.

MemeFi, however, took things to the next level by providing real DeFi utilities alongside the meme-driven hype.

Here’s why MemeFi might make waves:

i. Gamified DeFi:

The platform turns yield farming and staking into a game-like experience, making it more engaging than traditional DeFi protocols.

By adding interactive elements and competitions, MemeFi keeps users coming back for more.

ii. Community-Driven Governance:

MemeFi isn’t just fun—it will also be community-controlled; that is they keep true to the distribution plan.

Token holders will have the ability to vote on the direction of the platform, including new features, partnerships, and tokenomics adjustments.

This gives users a real stake in its future success.

iii. Potential for Massive Returns:

Nothing makes investors more money in crypto than getting in early.

Early participants in MemeFi could stand to gain significantly if the platform follows the path of other successful DeFi projects.

With yield farming and staking rewards, coupled with the potential appreciation of MemeFi tokens, the opportunities are there for the early birds.

Disclaimer: This post is for information purposes only. It should in no way be perceived as financial advice or a promotion for MemeFi. Always DYOR.