Game Over for Others: Memefi Coin Dominates the Telegram Crypto Scene

MemeFi Coin, a "tap to earn" crypto game that emerged after the launch of Not Coin, Tap Swap, and Hamster Kombat, is rapidly gaining popularity, changing the narrative about crypto mining games. Some crypto natives believe that we are now in the era of social media-based games, with Telegram leading the innovation. Let's explore what the MemeFi Project has in store and why it's dominating the "tap-to-earn" Telegram scene. 

Introduction to MemeFi 

MemeFi is considered one of the most recent mining crypto bots that leverages the "Tap-to-Earn" model on the popular messaging app Telegram. While MemeFi strives to tap into Telegram's robust user base, its connections extend beyond Telegram, as it has established ties with the Space ID community and Linea. It also draws strong support from its previous venture, IguVerse, which has already made successful strides in the market. ALL these independent factors lend credibility to the MemeFi project. 

Among MemeFi's several features, its disruptive tendency to go against the existing order within Telegram is the most significant. Traditionally, TON (The Open Network) has dominated the Telegram space, but MemeFi, going against the order of things, aims to attract new audiences to an EVM (Ethereum Virtual Machine) chain, potentially altering the existing power monopoly of the TON blockchain on Telegram. 

Before delving into other details about MemeFi coins, let's discuss why MemeFi decided to use the term Meme in its name, what MemeFi represents, and the meaning of memes. 

What Are Memes?

A meme is more like an inside joke rapidly spreading across the internet. It's a type of content, usually an image, GIF, or text, that is often funny and relatable because of the popularity of the event that birthed it. Memes can also be videos. While they circulate, people make small changes to them, adding their own twist before sharing them again, increasing how hilarious. Because of how relatable memes are, they go viral.  

Meaning of Crypto Memes 

Just as we have seen in the general meaning of memes, Crypto memes refer to content made from cryptocurrency and blockchain jokes. They are humorous or satirical images, videos, or text referencing cryptocurrency culture, trends, and news, capturing the essence of a particular moment or sentiment in the crypto world. An efficient example would be a mimicry of the Luna crash or anything that would catch the interest of the crypto community. 

What are Meme Coins? 

Meme coins are cryptocurrencies inspired by internet memes or cultural trends. They are often created as a joke or for fun rather than with a severe technological or financial purpose. The most famous example is Dogecoin. It started as a parody of Bitcoin but gained popularity due to its friendly and humorous branding, featuring the Shiba Inu dog from the "Doge" meme. 

Meme coins are usually highly speculative and volatile, with prices often driven by social media hype, celebrity endorsements, or viral trends rather than underlying technology or use cases. Because of their playful origins and communities, they attract users. They can sometimes see massive price surges or drops, making them risky investments. Other examples include Shiba Inu (SHIB) and Pepe Coin. 

The Evolution of MemeFi

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The MemeFi Team, seeing the surge in cryptocurrency meme coins, decided to create something that unites the meme culture. They developed an exciting new blockchain game that blends meme culture with strategic gameplay. In the MemeFi game, players lead meme clans into battle, fighting for control and resources in a universe filled with meme-inspired factions. 

MemeFi features two models: a PvP (Player vs. Player) and a PvE (Player vs. Environment) model. In the PvP model, players compete against each other for resources and territory on a large map. In contrast, in the PvE model, Players team up to fight powerful meme-inspired bosses, and those who succeed earn rewards for their Clan.

TestNet Phase Overview 

During the development of any blockchain or crypto venture, developers usually test the codes and functionality to ensure no errors. This stage is called the TestNet phase, where the team developers troubleshoot to find and fix issues users might face in the long run. As of the time of publishing this article, MemeFi was in its TestNet phase, affording the team the opportunity to refine the gaming experience, test out the mining mechanics, and build a base community of engaged users within a secure environment. 

Crypto enthusiasts, investors, and gaming natives who understand the rewards of engaging with innovative projects during this period know how crucial it is to get involved with MemeFi, given the innovative nature of the MemeFi Coin Telegram crypto game. 

Testnet Phase Overview

The testnet phase is a crucial step in the development of any blockchain project, allowing developers to troubleshoot issues and users to familiarize themselves with the platform in a risk-free environment. For MemeFi, this stage represents an opportunity to refine the gaming experience, test the mining mechanics, and build a robust community of engaged users.

Given the innovative nature of the MemeFi Coin Telegram crypto game, the testnet phase is a key time for potential investors and crypto enthusiasts to get involved, learn about the project, and contribute to its growth. As the project moves closer to the mainnet launch, this test phase will play a pivotal role in shaping the future of MemeFi and its place within the Telegram crypto ecosystem.

MemeFi Coin Details- The Native Token of MemeFi Ecosystem 

The MemeFi ecosystem consists of at least three different native tokens. The three known tokens are MemeFi, Toybox, and PWR. Each of these tokens has its utility within the MemeFi ecosystem.  

$MemeFi is the governance token of the ecosystem, serving the purpose of in-game purchases and withdrawals. The $Memfi coin is designed to have a limited supply, a strategy the team believes will boost its overall value and Market Cap when the time comes. 

Following suit is the $TOYBOX, an experimental ERC-404 hybrid token that uniquely blends the properties of both fungible and non-fungible assets. Toybox MemeFi token has a limited collection supply of 8,888, offering better liquidity while allowing for exposure to non-fungible assets with less capital. 

In the MemeFi game, $TOYBOX represents playable characters. Although the Token is not required for game access, holding it is recommended for a richer experience. The roadmap for $TOYBOX will be unveiled gradually during the Testnet Alpha and Mainnet Beta phases. 

The third Token on the list is $PWR, MemeFi stable virtual (off-chain) token used within the app for different purposes. Since the $PWR MemeFi token has a more stable price, it will often be used to determine the value of actions or items within the app, ensuring transaction consistency and reliability. 

It is unknown if more tokens will be used on the MemeFi telegram gaming bot. You are advised to stay updated through their social channels as more developments will likely occur. 

$MemeFi Market Cap and Supply Information 

The MemeFi Market cap is unavailable since the Token has not been launched on any blockchain. The team is responsible for announcing the launch date but has not yet officially decided now. Also, the max supply and circulating supply of MemeFi are unavailable as the $MemeFi game is still in the testing phase and has yet to be launched. Notwithstanding, as soon as the $MemeFi coin goes live, information about it will be updated. 

Top Exchanges for MemeFi Club 

The $Memfi token has not been launched, nor has it been listed on any exchange. Most people trade premarkets, predicting the price of the product upon launch. While anticipating the official launch and listing of MemeFi on Crypto exchanges, it's essential to remember that trading meme coins comes with significant risks. Hence, it's crucial to invest wisely. 

MemeFi Club Features 

MemeFi's unique features have played a significant role in establishing its presence in the crypto gaming space. With the slogan, "fight till the last one is standing," its gaming elements and rewards system engage users on another level. Some of the most outstanding features include the following; 

Web3 Social Tech Game

Among several attractive features of MemeFi crypto-based game is its Web3 Social Tech game, where players form meme clans to battle crypto-themed bosses. MemeFi's overall gamification has been instrumental in its successful user engagement. The game features a reward system, which provides certain perks to winners. Players can access battle rewards using special keys that represent social capital. These MemeFi special keys' values change along a bonding curve through the liquidity pool mechanism. This feature has dramatically boosted MemeFi's popularity, drawing over 6.5 million users (about twice the population of Nevada) and 1.5 million daily active users (DAU). 

Telegram Clicker App- The MemeFi Tap-to-Earn Telegram Bot 

Another notable feature is the MemeFi Telegram Clicker App, otherwise called the tap-to-earn Telegram bot, which rewards tappers who engage it. The interactive tapping game pits users against cartoon-styled meme bosses, which they can defeat by tapping on their screens. Players ascend to new levels upon beating these bosses, earning more coins. The app also allows players to engage boosters and upgrade, adding to the gaming experience. However, user gameplay is limited by a unique in-game energy system, adding a strategic element to the gaming experience. 

Gamification and User Engagement 

MemeFi gamification tactics for user engagement involve mixing different competitive game mechanics to keep players hooked, struggling to climb through the progression systems. In the game, you can create characters and use them to earn $MemeFi through player-vs-player and player-vs-environment battles. The most distinguishing factors are the character traits and complex dynamics within clans, enriching the overall player experience. 

MemeFi Web3 App Elements 

While engaging with the MemeFi App, you come across different elements and features within the ecosystem. These elements work hand in hand to provide overall gaming satisfaction. Some of these include; 

Characters 

MemeFi Characters are unique avatars that players create, enabling them to participate in gaming activities. These characters all have unique attributes that impact gameplay. One of the attributes of these characters is their ability to ascend the levels that determine token rewards. Avatars are upgraded based on experience points called "XP." Also. PWR represents energy spent on raids, while strength refers to the energy spent on each mission. Generally, your avatar gains XP points from accomplished missions, boosting your level, strength, and rewards. 

Meme Clans and Rewards 

While players can fight against fellow players, there are provisions for Clans. Meme clans entail the cooperation of players in the MemeFi game, collectively participating in clan raids to share resources and increase their earnings. The MemeFi clans will be led by a Meme lord who won the status. These Meme lords enjoy Clan entry fees, as players must pay a compulsory fee to join any clan of choice. 

The strength of Meme Clans is derived from the collective $PWR levels of all clan members. Also, the rewards earned from Clan raids are stored in the Clan's treasury for 48 hours (about two days), after which they are distributed on the third day. During the 2nd day, the window period is opened to other clans who are at liberty to strike clans with ready-to-distribute rewards and steal them.

Also, available Clans can be purchased with in-game tokens by players who wish to become Meme lords. As a Clan Meme Lord, you are at liberty to change clan values and clan-joining requirements. Also, Meme lords or Clan Members can vote out members who do not abide by clan regulations. 

MemeFi Bosses 

Bosses in MemeFi are formidable enemies that players and clans must defeat. Each boss has their strengths and guard's valuable treasures. Players can earn loot and in-game wealth by overcoming monster challenges. Success in a boss raid depends on how a player's power compares to the boss's power level. 

Keys and Liquidity Pool Mechanism 

MemeFi keys allow token holders to choose investment-worthy players to bet on and earn returns from their winnings. There's no limit on how many keys can be purchased for a player, with prices increasing along a fixed bonding curve from MemeFi's pool model. 

Owning keys opens multiple profit streams, such as selling it since they appreciate player performance, earning fees from key trades, and receiving a share of the player's winnings.  Also, as an encouragement to players, they benefit from every key issued in their name, earning fees, increasing key value, and growing their $PWR balance. The strategy was designed to motivate players to perform well, making their keys more valuable and attractive. The financial ties between key holders and players create a scratch on my back, and I scratch yours relationshp, the model of shared success. 

MemeFi's Partnerships

Partnerships boost the morale of crypto communities. Projects often disappear after losing significant partnerships, showing the importance of collaboration within the blockchain industry.  In MemeFi's case, the tap-to-earn gaming project partnered with Linea to boost adoption and development. 

Connection with Linea 

MemeFi went ahead to launch the MemeFi web3 app on Linea L2 Blockchain, an Ethereum scaling solution, to solidify its partnership with Linea. The collaboration between MemeFi and Linea spells out how the two aim to support each other, leveraging their strengths to foster growth and innovation in the blockchain gaming and social tech space. 

Impact on Linea Ecosystem

By integrating MemeFi app into the Linea network, MemeFi aims to increase traffic and popularize the Linea platform. MemeFi, with its robust active player base, has analysts predicting a surge in trading volume on the Linea L2 chain. These developments should bring overall growth to the Linea chain. 

MemeFi Positioning 

Memefi’s concepts has strategically positioned it with a massive user base among several tap-to-earn Telegram crypto-based games. 

Linea Audience Attraction Strategy 

While other games in this category, such as Hamster Kombat, Not Coin, Tap Swap, and others, look towards The Open Network (TON) for support, Memefi is blazing the trail as the first to chart a new path. Strategically speaking, this might seem very helpful in the long run as it enjoys a first-mover advantage on Linea, compared to TON, where several similar games compete for attention. 

Potential Disruption to TON 

The Telegram Open Network (TON), a multi-blockchain platform with a native cryptocurrency (TON), has long held a monopoly over Telegram's user base. However, MemeFi's unique positioning could disrupt this status quo, charting a new course for projects that wish to innovate on other blockchains.  Looking at TON's balance and history, given that the founder of Telegram was once involved, lots of people are eagerly watching how things might play out. 

How to Play Memefi Tap-to-Earn (T2E)

• To start playing the MemFi game, you must own a Telegram account, as the game remains an in-game Telegram bot. If you don't have a Telegram account, consider signing up to create a new one. 
• Find the MemeFi crypto Bot using your friend's referral code or search for it directly in the tekegram search bar. 
• Click on the Memefi Bot, then Click on Start to begin Playing.

• You are automatically shown your first task. All you have to do is tap when necessary to claim rewards and ascend the levels.

• Like other tap-to-earn games, players in MemeFi have several ways to increase their rewards and earn bonuses. By tapping the "Earn" button on the main screen, you can access tasks and bounties like following MemeFi's TikTok and YouTube pages to earn extra bonuses. 
• You can also invite friends to join the game via Telegram, earning 2,500 tokens per friend. If an invited friend defeats an enemy, you who invited them gets an additional bonus, which grows as the friend levels up. 
• In-game currency can purchase boosters and upgrades that enhance the mining rate. Free daily bonuses are available, temporarily increasing damage or refueling energy. 
• Players can also unlock a "tap bot" to automatically tap enemies and earn rewards even while inactive. 

MemeFi Future Plans and Road Map 

The future is filled with many possibilities for MemFi, with the MemeFi team determined to turn the game into a tactical playground where your strategies matter. The first in the list of MemeFi future developments is expanding character abilities, adding new heroes, and introducing card game elements for epic combos in PvP. 

Secondly, the team hopes to start rolling out clan-based buildings with character upgrades that offer strategic advantages. Players will now enjoy the possibility of crafting choice characters, armor, and weapons in endless combinations for deeper, more engaging battles. 

Conclusion 

If you read carefully, you will see that the tap-to-earn telegram game looks like a different game when compared to the Memefi club's clan raids and PVP model. MemeFi's documentation doesn't clarify the connection between the two games, but the team assures that rewards earned in the tap-to-earn game will eventually be "exchangeable for something really cool”.

Finally, the thrill about the entire ecosystem is that MemeFi characters have unique shapes, representing almost every crypto meme in circulation. Millions of users are anticipating the launch of MemeFi; nonetheless, the Telegram-based game is yet to announce when it plans on officially launching the meme Token.  To stay updated with live information, consider signing up for their telegram announcement channel or following them on other social media platforms like "X."