A new presale launch for The Meme Games token was quick off the mark – raising over $100K on its opening day.
Poised to potentially become the official Olympics meme coin, this new project has an exciting allure.
The presale is ongoing and currently in its opening stage. This means investors can buy in at the lowest-ever price of $0.009.
In 2014, the newly launched Dogecoin hit a home run when the community sponsored the Jamaican bobsled team to attend the Winter Olympics in Sochi.
It was the first glimpse into the power of meme coin communities – but it would not be the last.
Since then, countless community-led efforts have made global headlines, positioning meme coins as a central player in the crypto industry.
Fast-forward to today, and we have an official meme coin for the 2024 Olympic Games in Paris.
It’s called The Meme Games and comprises hilarious memetics and innovative tokenomics.
There’s a lot to consider, but let’s talk about the undeniable buzz that is taking the project by storm.
With over $100K raised in less than 24 hours, The Meme Games is clearly a favourite of meme coin degens.
And given its juncture as the official meme coin of the 2024 Olympics, there’s a good chance that this token will explode as the games get underway.
The presale started on 16 July, ten days before the Olympic Games commenced on 26 July.
8 September is a key date. That’s when the presale ends.
$MGMES will launch on decentralized exchanges two days later, on 10 September.
However, with the presale price increasing throughout the campaign, those seeking the most value for money should act early.
Upon purchasing tokens in The Meme Games presale, investors can multiply their purchase with a 25% bonus.
They will be invited to select their favourite meme character to compete in a “169-metre dash.”
There are five iconic meme characters to choose from, each with their own distinct traits and strengths.
The characters are Doge, Pepe, Brett, Turbo, and Dogwifhat.
Each has an equal 20% chance of winning the dash, making it fair and randomized for presale participants.
Investors can take advantage of the presale’s no-minimum purchase rule and invest as often as possible to maximize their chances of hitting the token multiplier.
It’s a concept that keeps participants on the edges of their seats.
Following the 169-meter dash, users can choose whether to stake their investment to earn additional $MGMES tokens.
Staking is live and currently provides a 4,200% APY, but this will decrease as more users deposit their tokens.
Should investors choose to stake, there is a brief seven-day lockup window following the $MGMES token launch.
For those who do not stake, their tokens will be accessible on the exchange launch date.
The stars have aligned for $MGMES to soar in value.
The Olympic Games helped in no small way, but a slew of other external factors underpin the project’s positive outlook.
Another is the return of meme coin season.
After months of dismay, the crypto market is rebounding, and investors are more hungry than ever for meme coins.
Mog Coin leads the top gainers this week with a 50% rally.
Other noteworthy performers are Pepe, with a 36% increase, Dogwifhat, up 30%, and Popcat, up 72%.
Like it or not, meme coins are the path to crypto riches in 2024.
Interest rate cuts are also expected in September, the same time that The Meme Games launches on exchanges.
This will bolster investors’ appetites for risk-on assets, providing a huge boon to cryptocurrency prices.
As the community’s official meme coin of the 2024 Olympics, The Meme Games is going for gold.
Follow the project on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
Remittix is quickly gaining ground as a serious crypto player, especially after raising over $15.9…
XRP is standing out with exceptional strength amid broader volatility in the crypto market. Analysts…
Ethereum has shown signs of life, but traders aren’t fully convinced just yet. With $2,500…
PEPE & Shiba Inu Face Uneven June PEPE experienced notable volatility in late June, rallying…
Cardano has officially surpassed 111 million transactions on its network, marking a major milestone for…
Something big is happening behind the scenes in the Bitcoin market. While most retail investors…
