The Meme Games Kicks Off Crypto Olympics
The 2024 Olympics event in Paris was one of the hottest topics across the globe for several weeks, with social media still buzzing about it heading into the Paralympics.
Leveraging this current hype and the general love for the festival-like sports event, new meme coin ‘The Meme Games’ launched its presale, which has been gaining major traction among investors.
Now with over $400k raised, the project has managed to bring back that sport-like excitement among investors.
Old And New Meme Coin Mascots as Athletes
Some of the most famous memecoins are recognized by their mascots, and The Meme Games has used this popularity to their advantage by drawing in audiences who are fans of these top memecoins.
To achieve this, the project has featured some of the leading memecoins as athletes in the virtual Olympics and Paralympics that the project's theme revolves around. These include the iconic Dogecoin and Pepe, as well as newer meme coins like Brett, Turbo, and WIF.
The project’s concept is what makes it a hit among investors. Every time investors buy MGMES, the native token of the project, they get to choose one mascot among the five that they predict may win The Meme Games’ next event.
The events get carried out on their own, and the winners are announced randomly. Every time the investor’s chosen mascot wins, they have a chance to earn a 25% bonus on their purchase. There is no upper or lower limit on this bonus, which means every investor stands an equal chance to win.
In essence, one may think of it as an Olympics event for the mascots on the blockchain. Naturally, this narrative quickly spread within the memecoin community, helping its presale gain momentum, and raising $403,000 so far.
Jacob Crypto Bury, an up-and-coming YouTuber, was one of the first influencers to cover the project and dub it a 10x potential crypto. Since then, a variety of crypto-focused media outlets have covered the project online, further boosting its popularity.
ICOBench also rated the new meme coin among the best upcoming presale launches to watch this quarter.
The Meme Games Staking
While a memecoin, there is some earning-based utility associated with the MGMES token. Early investors who park funds into it during the presale already have the opportunity to be profitable during the launch itself. However, the developers have introduced another way to reward their earliest supporters - high APY staking.
Starting off with a considerably high APY rate, the MGMES staking is available on the website right now, exclusively for presale buyers.
Holders who choose to stake now can secure returns of more than 400%, meaning that even as they simply hold onto the project and gain profits with each passing presale stage, they will also be earning more MGMES passively.
Built on the ETH blockchain, the staking functionality is something that many investors look forward to, making this feature another reason to invest in the project.
Secure Contract With a Strategic Long-Term Vision
The MGMES developers have gone beyond simply trying to latch onto any event’s popularity to create a community and launch their token successfully.
The have also started building trust among investors - beginning with an audit from SolidProof, an independent audit agency.
The roadmap also indicates the developers' long-term vision and how they plan on launching and growing the project in a set of Olympic-styled phases. There will be a presale launch ceremony and a meme games closing ceremony, all of which are aimed at building community engagement and positioning the project as an appealing gamified crypto.
MGMES has a total supply of 2024 billion tokens, with a 38% allocated for the current presale. Ten percent each is set aside for staking and liquidity on exchanges, which will ensure that holders remain rewarded and that sufficient tokens are available on exchanges for smooth transaction activity once launched.
For an event-themed project, marketing is vital, which is why 15% has been set aside for that purpose. Additionally, 9.3% has been allocated for game winnings, which form the primary use case of the project right now, while 17.7% will be set aside as project funds for developments and upgrades in the future.
Despite the current bearish sentiment surrounding crypto, the project has seen consistent growth on its social media channels, with over 15.9k followers on Twitter and over 2700 on its Telegram channel.
This level of growth for an early-stage presale project could suggest a bullish launch for the new meme token, and all eyes will be on its DEX listings after Sept 8th.
