Everything You Need to Know About the ‘MemeFi’ Telegram Game Airdrop

Screenshots from MemeFi. Image: Decrypt

For those looking to claim on-chain with a self-custody wallet rather than using an exchange, users can start submitting their claims an hour before the token generation event (TGE). MemeFi says it will cover gas fees, but given that users‘ airdrops mention a claim fee being deducted from allocations, it appears that you’ll actually be paying your own costs through a different method.

MemeFi has posted a complete guide to claiming here, including how to use the OKX Wallet app on Telegram to claim tokens if you can‘t use OKX’s centralized exchange in your region—or simply prefer not to.

What can I do with the token？

Like any other standard, fungible crypto token, you can buy and sell MEMEFI once it has launched. But for how much has still yet to be determined.

However, traders are speculating on the price of the soon-to-launch token. On KuCoin‘s pre-market platform, users predict that the token will be worth $0.012 on average at launch. As for Gate.io’s pre-market, traders see its price being closer to $0.016. That said, pre-market trading is extremely speculative and often wrong, so take these numbers with a pinch of salt.

Selling aside, according to the MemeFi whitepaper, the token will also be used as a governance token and will power in-game purchases. How exactly this will manifest has still yet to be announced.

Whats next for MemeFi？

As the games final snapshot was already taken on November 15, in-game progression over the last few days wont count towards the upcoming airdrop.

But players are still earning “MemeFi Stars,” which the game calls a “valuable asset” that is set to become the “backbone” of the game‘s economy. There is no mention of this asset in the project’s white paper, so this is all the information we have on Stars for now.

“This is NOT Season 2,” MemeFi said, in reference to earning Stars. “[Its] something much more fun!”

While the purpose of Stars remains to be seen, it appears that the game is planning a second season of its game. This is in line with other tap-to-earn games like Hamster Kombat, which will overhaul its gameplay for the upcoming second season.

Unfortunately, MemeFi‘s roadmap doesn’t reveal much more, as it only runs up to Q4 2024. However, it does say that the project was “built to expand in exciting new directions.” This could mean it has more planned than just a second season using the same mechanics as before.