The post $TEA presale raises $5.4 million: 5 things you should know before investing appeared on BitcoinEthereumNews.com.

The $TEA presale sold out in two days, raising 38,888 SOL worth approximately $5.4 million during the sale period. With no initial lock-up and cliff on pre-sale, the project has left many users wondering whether $TEA is a good investment and whether it is wise to purchase after listing.  Also read: What Is Meme Coin in Crypto? $TEA is a Solana-based meme coin inspired by the tea beverage. It embodies the tea culture and enjoyment of owning a meme token. The token brings a new approach to onboarding more users into decentralized finance, with a vision to make digital assets accessible and comforting as a cup of tea. This article explores five things you should do before investing in the meme token. Five things to know about $TEA before investing Community Despite being a relatively new project, the coin has already amassed a big following on social media. On Telegram, it has amassed over 3.45 million users and 629.7 thousand followers on X, previously Twitter. In comparison, ApeCoin had 391 thousand followers on X at press time. Tea community members Apart from the tea lovers, the project has also managed to onboard/ partner with other top projects in the space. These include SpinnerCoin, MemeFi, CashCoin, Gotbit, WormFare, and Avaacoin. The communities continue to gain traction on social media, signifying strong community support and upcoming partnerships that promise more value to the community. A strong community is crucial for any meme coin’s success. Utility/ Project Roadmap While meme coins have historically been known to have zero utility, they have constantly evolved with the advancement of decentralized finance (DeFi) to offer more utility, which is crucial in maintaining community engagement. In this regard, since the presale, $TEA has offered its users more for their bargain. For instance, users will receive up to…

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Filed under: News - @ July 6, 2024 8:10 pm