The Memeinator (MMTR) presale has hit $590k just days after its launch. 
As a new AI-powered project, Memeinator aims at providing genuine utility and value to crypto meme users.
It’s a new era that will see Memeinator hunt down and destroy weak meme coins on its way to a $1 billion market cap.

Traction for the global meme cryptocurrency space over the past two years has been spectacular. What with the rise of meme altcoins like Dogecoin and the impressive Shiba Inu, Pepe and FLOKI driving a practically non-existent market to a $20 billion ecosystem. At its peak, memes accounted for over $36 billion of total crypto market cap.

But while the trajectory for meme coins is expected to be on the upside as quality comes to the sector, one project – Memeinator (MMTR) – wants to see the market rid of weak memes. An annihilation of these poorly designed and often scam projects is what will restore the ecosystem’s belief in such tokens.

That era is here with the launch of the Memeinator presale.

What is Memeinator?

The Memeinator (MMTR) presale launched on September 27, marking the crypto project’s first encounter with the crypto community. It was also the beginning of the end for puny tokens masquerading as dog, frog or other such meme-inspired projects.

Within days, Memeinator has attracted over $590k from investors – a debut that suggests this AI-powered project offers value that the community has failed to garner from many of the OG meme replicas.

“Terminator 2: Judgement Day”- inspired Memeinator has served notice to all memes – it has a $1 billion market cap in the short term and achieving it means hunting down all weak memes. Leveraging an AI-powered Memescanner system to dominate the space is not all though.

The project seeks to give its community access to real value via the Memeinator Game and will incorporate NFTs, staking rewards, token burns to unlock further gains for MMTR holders. With such utility prospects built into the roadmap, it’s likely the presale could be just the beginning of an astounding community initiative.

Among would-be competing altcoins, Dogecoin, Shiba Inu, Floki and Pepe stand out. According to data from CoinGecko, only DOGE and SHIB have a current market cap of over $1 billion – $8.6 billion and $4.2 billion. The Memeinator’s $1 billion market cap target means FLOKI and PEPE are currently among those marked for early judgement.

What’s the price of Memeinator (MMTR)?

Crypto and AI enthusiasts can scoop up MMTR at $0.0112 in stage three of the presale before price jumps to $0.0118. Notably, the token was priced at $0.01, a likely bargain given the final presale price is locked in at $0.0485.

Although market uncertainty and other headwinds could dictate trading performance when coins list on major exchanges, the explosive returns by major projects within the ecosystem suggest MMTR is trending towards a solid debut.

When will Memeinator hit the trading market?

The Memeinator presale has been split into 29 stages, with the project’s whitepaper outlining a total MMTR supply of 1 billion tokens. According to its stated tokenomics, 62.5% of MMTR will be available to early birds via the presale, while the rest is split between exchange listings and marketing, development, liquidity provision and competition pool.

You can buy MMTR today ETH, BNB, USDT and USDC, with the tokens purchased claimable when distribution takes place at the end of the presale. Users have to note that MMTR can only be purchased via the official presale page (accessible here) at this stage. 

The tokens will later be available on leading cryptocurrency exchanges and trading platforms after the presale, expected to be in Q4 2023.

Find out more about Memeinator (MMTR), including how to buy, here.

The post Memeinator presale hits $590k as investors eye meme resurgence appeared first on CoinJournal.

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Filed under: Bitcoin - @ October 5, 2023 12:25 pm