The post MemeFi announces new token launch and partnership with SUI appeared on BitcoinEthereumNews.com.

MemeFi, becomes the first Telegram mini-app to partner with Layer 1 blockchain SUI, ahead of its token launch set for Nov. 12. MemeFi’s token is set to launch Nov. 12, however its pre-market volume has almost reached $4 million on the crypto exchange OKX. According to the project’s press release, users will be able to access MemeFi tokens directly through major exchanges. MemeFi already plans to list its token on six major exchanges. According to the MemeFi website, the new token will be launched on Sui(SUI), which it claims will offer a “cheap, fast and user-friend claim experience.” The project has already prepared an airdrop model for its native token so that users will be able to receive fair portions based on community engagement. Around 85% of its total MEMEFI token supply will be allocated for Telegram users, while 5% will be given to its Web3 users. Though, MemeFi has chosen to keep some details classified to prevent token exploitation. Through its partnership with Sui and its developer Mysten Labs, MemeFi plans to change the way Telegram apps are perceived, particularly in the crypto space. With over 26 million monthly active users, MemeFi is a Telegram mini app with an active role in facilitating the meme coin space. The project’s collaboration with Sui and Mysten Labs is the first of its kind from a Telegram mini app. With Sui recently surpassing more than 26 million active wallets in its ecosystem, MemeFi looks to expand its reach and provide more services to the community. Meme coins have been dominating the market this year, with a staggering $60.93 billion market cap and meteoric returns that keep traders on their toes and wanting more. MemeFi recognizes this demand in the market, which is why it aims to transform itself into a meme coin…

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Filed under: News - @ November 12, 2024 7:22 am