The next 10x crypto may have just started its initial coin offering (ICO).
Meme Index (MEMEX), the first-ever decentralized meme coin index, has raised over $280k in its early token presale rounds.
As the name suggests, the new project allows investors to benefit from meme coin baskets, created by community votes, rather than individual tokens.
Meme Index – Invest In Decentralized Meme Coin Indexes
Its whitepaper describes itself as “a huge step in the meme coin ecosystem”, not without any merits.
This is the first time investors will be able to benefit from meme coin indexes, created by the MEMEX community.
In fact, they will have their pick, considering Meme Index is launching four meme coin baskets, each with a different risk-reward potential.
The Meme Titan Index is designed for safe players. The basket will comprise the large caps and the blue chips, with each token likely having a valuation of over $1 billion. However, even the safest meme coins offer outsized returns. With Dogecoin and Pepe likely in this basket, investors choosing it could still earn outsized returns.
Next up is the Meme Moonshot Index, featuring the challengers. The basket will include tokens that are likely next to hit the billion-dollar market cap. Considering the upcoming meme coin supercycle, this index could potentially earn significant profits.
The Meme Midcap Index is next, including tokens with $50 million to $250 million valuations. Some experts solely invest in such tokens, considering they already have considerable community backing but also have significant potential for upside growth. Binance – and lately Coinbase – have been prioritizing listing meme coins from this bracket.
Finally, the Meme Frenzy Index is designed for the degens, those with high-risk appetites and who eye the maximum bounty. The basket will solely include low-cap tokens. Crucially, however, the tokens included will be voted in by the MEMEX community and, therefore, are unlikely to be outright scams.
In fact, this index could potentially be one of the safer ways to invest in high-risk high-reward tokens, particularly for retail investors who are always late to the party. These small-scale traders may benefit from projects they never have even heard of, thanks to the power of the community.
With market-wide exposure, a plethora of tokens and decentralized governance, it is no surprise why Meme Index has created such a buzz even before its launch. However, only MEMEX holders will be able to vote and access the indexes, hence the high demand for the token.
Is MEMEX The Next 10x Crypto Presale?
The current market uncertainty hasn’t shaken the conviction of the bulls – a meme coin supercycle is on the horizon.
In such extreme market euphoria, tokens with much less value than Meme Index end up offering over 1000x returns. It is, therefore, no surprise that smart money investors have already started calling MEMEX the next 10x crypto.
Others are eyeing much higher returns, owing to the project’s native staking pool which is currently offering a yield percentage of over 5000%.
Besides the meme coin indexes, MEMEX is a token with strong fundamentals. For instance, it has adopted community-centric tokenomics, with no token supply allocation for the developer team or any private sale.
A significant 20% of the token supply has been set aside for community rewards, in addition to the 25% supply for staking rewards.
However, the attractive perks don’t mean that Meme Index has compromised with safety and transparency. For starters, the MEMEX smart contract has been audited by Coinsult and Solid Proof, with the audit reports available on the presale website.
Interested buyers can purchase MEMEX with just a few clicks, using the over-the-counter widget on the Meme Index presale website. They are also advised to follow the project’s X and Telegram accounts to keep up with the latest updates.
Visit Meme Index Crypto Presale
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
