The post Meme Index Simplifies Investing in Meme Coins, Offering a Curated Selection of Diverse Cryptos: Here’s How appeared first on Coinpedia Fintech News
People typically choose select cryptocurrencies when trading meme coins. For example, a meme coin investor might hold Shiba Inu in the hope that it will rise in value while neglecting Pepe, Dogwifhat, and some other top 10 meme tokens.
However, with the Meme Index model, this is about to change. Users can now hold a meme coin basket, which gives them access to multiple cryptocurrencies at once without having to buy them one after the other.
Meme index combines various meme coins into unique curated indexes. The innovative platform enables its users to unlock the explosive potential of meme coins while also having the flexibility to choose their risk levels.
Meme Index allows users to participate in four meme coin baskets. These baskets vary based on their risk levels.
There is the Meme Titan Index, which is filled with the top cryptocurrencies, especially the top 10 meme coins.
The Meme Moonshot Index consists of meme coins that are about to challenge for a top 10 position. Many of these meme coins are already on centralized exchanges.
We also have the Meme Midcap Index. The meme coins in this category are quite volatile, making this basket suitable for those who want to take on more risk.
These tokens also have market capitalizations between $50 million and $250 million. This low market capitalization means that these coins could rise sharply and also fall very quickly, depending on market conditions.
The Meme Frenzy Index is the last basket, designed for those who like to take significant risks. It contains the riskiest plays and is not for the faint-hearted. These cryptocurrencies can rise and fall very quickly, making them high-risk, high-reward tokens.
Other Features of the Meme Index Platform
The Meme Index platform gives its MEMEX token holders the opportunity to submit proposals and vote on them. This puts the future of the ecosystem in the hands of the platform users.
The votes will also affect the types of coins included in the baskets, as users have the opportunity to vote on coins to add to a basket. The dynamic content of the baskets ensures that the project continues to meet the community’s needs.
Users also can keep the baskets fresh by incorporating both established tokens and new contenders.
The platform prioritizes security. All operations are fully decentralized, and all staking and governance functions are executed through audited smart contracts. As detailed in the whitepaper, the smart contracts will also undergo rigorous audits to ensure their safety and integrity.
https://twitter.com/memecoin_index/status/1864383592182526132
MEMEX also allows users to stake their tokens from the presale for high APY. This requires them to lock their tokens in an investment pool to earn passive income from the beginning.
Since MEMEX price will continue to increase at various stages of the presale, this means that those who buy early can enjoy a percentage increase on their purchases by just holding the tokens throughout the presale and doing nothing else.
The staking rewards also add to the appeal and general benefits of buying early in the presale.
15% of the total supply of the MEMEX token will be distributed during the presale. 25% of the supply will service the staking pool and rewards.
20% will be used for marketing, including various PR efforts, digital media, social media, and billboards. Another 20% will go into community rewards and incentives to promote awareness about the token and attract more people.
The last 20% will be used for treasury and governance, which is necessary for holding a token. It is important to have voting rights and access to the index.
How to Buy the Meme Index (MEMEX) Token
To buy the token, ensure that you have a compatible wallet. For desktop users, MetaMask is recommended; for mobile users, Trust Wallet is recommended.
After this, ensure that you load your crypto wallet with the accepted cryptocurrency and then buy and stake the MEMEX tokens.
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