How to Buy Meme Index ($MEMEX) – Beginner’s Guide
Meme Index ($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 $MEMEX token.
Meme Index ($MEMEX) Brief Overview
- 4 meme coin baskets: By holding the $MEMEX token, users can access 4 diversified meme coin baskets with varying degrees of risk. These indexes include the Titan Index, Moonshot Index, Midcap Index, and Frenzy Index.
- Over $1.28 million raised: In less than a month, the Meme Index presale garnered over half a million from $MEMEX purchases. As the project moves to the next presale stage, the token price increases.
- Staking utility: Users with $MEMEX holdings can earn crypto passive income during and after the presale stage. The token offers 1,881% APY, and over 30 million $MEMEX tokens have already been staked on Meme Index.
How to Buy Meme Index ($MEMEX): A Step-by-Step Guide
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.
Step 1 – Install a Crypto Wallet
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.
Step 2 – Add Cryptocurrencies
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.
Step 3 – Connect to the Meme Index Presale
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.
Step 4 – Buy and Stake $MEMEX Tokens
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.
Best Practices to Follow to Buy $MEMEX Safely
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.
Use a Secure Wallet
- Since you’ll be buying and managing your $MEMEX tokens and other crypto holdings through a crypto wallet, it’s recommended that you use a secure and well-tested wallet. As mentioned earlier, Best Wallet is a good option for non-custodial storage, but other wallets like Trust Wallet and MetaMask are also secure choices.
- To further protect your privacy and data, anonymous crypto wallets enable you to keep control of your crypto assets without revealing your personal data.
- With any type of crypto wallet, we also suggest enabling secondary security levels, such as two-factor authentication. For wallets that require a seed phrase, it’s a good idea to write the backup phrase on paper and keep it somewhere safe.
Avoid Potential Scams
- Always check the URL or page link before connecting your wallet and entering personal data. Use only official links like the ones we provide for the Meme Index presale.
- Never share your backup phrase or private keys. Any legitimate crypto project or token presale should never ask for this information.
- Real crypto presales do not contact individual token holders directly through private messages or emails. News, updates, and all forms of communication can only be found on their official channels.
Invest Wisely
- Although there’s significant upside and earnings potential, token presale crypto projects like Meme Index carry plenty of risk for investors. These platforms do not guarantee returns, and users should only invest what they can afford to lose.
- Meme Index may offer diversification in the meme coin space, but consider some of the other best cryptos to buy and add variety to your portfolio. Cryptocurrencies like Bitcoin and Ethereum are two of the most widely-owned digital assets in the market.
Meme Index: Explained
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.
Meme Index Tokenomics
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:
| Allocation | Percentage | Description |
| Presale | 15% | Percentage of the token supply dedicated to $MEMEX presale purchases. |
| Staking | 25% | Reserved supply for staking rewards is given to investors for their contributions to securing the network. |
| Marketing | 25% | Includes public relations, KOLs, and digital media reach and expansion. |
| Community Incentives | 20% | Allocation for the growth of the Meme Index brand and support of the community. |
| Governance | 20% | For the project’s treasury and governance, where $MEMEX holders can vote and access the indexes. |
Has Meme Index Been Audited?
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.
Why Invest in the Meme Index Presale?
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.
- Discounted Presale Price: While burying tokens during presales comes with liquidity risks, this is offset by the large discounted price for the cryptocurrency. Users can take this opportunity to buy $MEMEX at favorable private sale rates.
- Possible Listing Potential: Outlined on its project roadmap, Meme Index plans on having $MEMEX listed on several exchanges when the presale has ended. Users can claim their tokens and rewards to liquidate at a profit or continue holding depending on their investment strategy.
- Meme Index Participation: Based on an article by Coingecko, meme coins were the most popular crypto narrative and investment in 2024. Meme Index presents an exciting chance for users to invest in decentralized meme coin baskets and gain broad exposure to the $120 billion meme token market.
Meme Index Price Prediction – What is the Projection for $MEMEX?
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.
Key Factors That Might Affect the Price of $MEMEX
Let’s take a look at the main factors that can influence the ongoing Meme Index presale and the price of the $MEMEX token.
- Presale Performance: One of the most critical indicators for $MEMEX’s price performance is the momentum and funding from its token presale. If the presale continues to attract investors and participants who can be part of the future Meme Index community, $MEMEX could get a strong foothold after the token launches.
- Meme Index User Activity: Another crucial factor would be the reception of the actual Meme Index decentralized platform once the project launches. User activity would be a key indicator for Meme Index, showing its long-term value, user growth, and sustainability.
- Meme Coin Market: As a meme coin itself, $MEMEX will also be heavily influenced by fluctuations and trends in the meme coin market as a whole. This is especially true since Meme Index’s primary value proposition offers exposure baskets of meme tokens.
Final Thoughts
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 $MEMEX in the early stages of the project and beyond.
FAQs
What is Meme Index ($MEMEX)?
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.
How to invest in Meme Index presale?
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.
When can I claim my Meme Index tokens?
Once the Meme Index presale concludes, users can claim their $MEMEX tokens through the presale page.
Can I stake Meme Index?
Users can stake their $MEMEX holdings while the Meme Index token presale is ongoing. Currently, investors can earn 1,881% APY through the crypto.
When will $MEMEX launch on exchanges?
According to the Meme Index whitepaper, the $MEMEX token will launch on exchanges once the presale ends and rewards are claimable.
References
Source: cryptonews.com
