Meme Index ($MEMEX) is an upcoming crypto platform that allows investors to gain broad exposure to the meme coin market through four different baskets of tokens. With the project in its ongoing presale stage, users have the opportunity to become early participants by purchasing the $MEMEX native token.
Through our beginner guide, learn how to buy Meme Index and take advantage of the significant presale discount for the $MEMEX token.
The Meme Index presale is now live, presenting investors the opportunity to get the best price and staking APYs for the meme coin. Let’s break down the steps to buy $MEMEX below.
A decentralized platform on the Ethereum blockchain, Meme Index’s native crypto, $MEMEX, is an ERC-20 token. So, to purchase the coin, you need an Ethereum-compatible wallet. We recommend using Best Wallet, one of the best crypto wallets on mobile with support for over 60 chains.
Get Best Wallet by scanning the QR code of the site using your mobile device, or finding the App Store or Google Play store links. You only need an email address and cellphone number to create a free and secure wallet.
Next, you’ll need to fund your wallet with cryptocurrencies that are supported by the Meme Index presale. This includes ETH, USDT, and BNB. If you want to earn staking rewards, use the Ethereum network. Purchases with BNB and USDT through Binance Smart Chain won’t be eligible for staking rewards.
With Best Wallet, tap ‘Buy’ and select a crypto to purchase. With the built-in onramping solution, users can use fiat payment options like bank deposits and e-wallets. After selecting the payment method, enter the amount of ETH, USDT, or BNB to buy.
For other crypto wallets that don’t feature onramping, you’ll need to look for a crypto exchange or trading platform and then transfer the tokens to your wallet.
Visit the Meme Index presale and click the ‘Connect Wallet’ button on the $MEMEX presale widget. Select the Best Wallet or another option if you used a different wallet to hold your crypto assets. Then, follow the instructions, which will require you to use your mobile device to scan the QR address and connect to the Meme Index presale.
Choose from one of the supported cryptocurrencies and input the amount of $MEMEX tokens to buy. Based on the current rate, the presale widget automatically calculates the $ETH, $USDT, or $BNB required to purchase the presale tokens. Ensure you also have enough $ETH or $BNB in your wallet for network fees, which will be shown before purchase.
Users can buy and stake in one action when swapping for $MEMEX tokens with $ETH or $USDT. Click the “Buy and Stake for 1,881% Rewards” button when it appears. For $BNB purchases, click “Buy $MEMEX” to complete the swap without staking rewards.
Cryptocurrency transfers on the blockchain remain highly secure, but there are ways that things can go wrong, especially before the transaction. Here’s how to keep safe and avoid scams when buying $MEMEX tokens.
Meme Index is an Ethereum-based crypto project offering wide-ranging exposure to the meme coin market. Only holders of its native cryptocurrency, $MEMEX, can access the 4 unique indexes that will be developed. Each index features a different basket of meme coins with differing levels of volatility.
According to the Meme Index whitepaper, the project’s first basket of tokens is the Meme Titan Index. It features a basket of the top meme coins by market capitalization. This includes $DOGE, SHIB, PEPE, and WIF. On the other end of the spectrum is the Meme Frenzy Index, a collection of the riskiest meme tokens with low valuations and high-reward potential.
Another core aspect of the Meme Index decentralized platform is token governance. $MEMEX holders have voting rights that enable them to shape the platform’s future. More importantly, these users can propose different meme coins to be added or removed from the four indexes. This allows the meme coin indexes to be more dynamic, adapting to the current market trends.
Users can earn passive income through the Meme Index token presale by staking their $MEMEX holdings. 1,881% APY rewards are up for grabs, and over 44 million $MEMEX tokens have already been staked on the platform.
Examining Meme Index’s tokenomics allows us to better understand how the project will prioritize its total supply of 15 billion $MEMEX tokens. 15% of the supply is reserved for presale purchases, making the total allocation 2.25 billion $MEMEX.
Furthermore, there are 50 stages for the presale where the price of $MEMEX incrementally increases from the initial $0.01400 per token. Currently, $MEMEX is being offered at $0.0148047 per token.
We’ve outlined how the total $MEMEX supply is allocated below:
Meme Index has been audited by Coinsult, and the manual code review has found one low-risk concern that has already been acknowledged. Furthermore, Meme Index’s SolidProof audit showed no high or medium criticality issues.
Since its ICO, the Meme Index presale has garnered $1.28 million with signs of stable growth. Some investors have anticipated growing demand for meme coin diversification through the project. Here are a few more reasons to consider when investing in the $MEMEX token presale.
The Meme Index presale is still in its early stages, but there are some signs the crypto project could pick up the pace. Aside from the stable growth shown by its presale raise, token holders who purchased $MEMEX in the initial listing price have already made +5.75% unrealized gains.
Moreover, developers built Meme Index on the Ethereum blockchain, the largest network for meme coins. Based on one of Cointelegraph’s top weekly predictions, Ethereum has the potential to outperform Bitcoin in 2024 and fuel an altcoin rally for the proof-of-stake blockchain.
These shifts to more speculative crypto assets can accelerate the meme coin market’s growth, consequently leading to more value for Meme Index. Nonetheless, cryptocurrencies remain highly volatile, and investors should consider the inherent risks.
Let’s take a look at the main factors that can influence the ongoing Meme Index presale and the price of the $MEMEX token.
After explaining the steps to buy Meme Index tokens, best purchase practices, and what the crypto project offers, we hope to have given you a starting point for investing in the presale. Following our process will not guarantee any financial gains, but can help you safely purchase and manage $MEMEX in the early stages of the project and beyond.
Meme Index is the first-ever crypto project that gives its token holders diverse exposure opportunities in the meme coin market. There are four baskets of meme tokens to choose from, each with different levels of volatility and risk.
Interested participants can invest in the $MEMEX token presale by getting a crypto wallet like Best Wallet and depositing crypto like ETH or USDT. Next, they can connect the wallet to the Meme Index presale page and buy their chosen amount of $MEMEX with the ETH or USDT.
Once the Meme Index presale concludes, users can claim their $MEMEX tokens through the presale page.
Users can stake their $MEMEX holdings while the Meme Index token presale is ongoing. Currently, investors can earn 1,881% APY through the crypto.
According to the Meme Index whitepaper, the $MEMEX token will launch on exchanges once the presale ends and rewards are claimable.
Source: cryptonews.com
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