What is the MEMEFI Token and its Tokenomics?

Bittime - What is the MEMEFI Token and its Tokenomics? The MEMEFI token is a key element of the MemeFi ecosystem, serving as a multi-functional token with various important utilities.

This token not only acts as a tool to buy things in the game, but will also support governance, sharing the results of the yield farming program.

Also read What is MemeFi (MEMEFI)? Memecoin Themed Telegram Game

MEMEFI Token Utility

1. Governance (Voting)

MEMEFI token holders have the right to participate in the decision-making process related to the development of the platform and new features. This voting system allows the community to have a say in the future direction of the ecosystem.

2. In-Game Progression

MEMEFI tokens can be used to upgrade characters and progress in games available in the MemeFi ecosystem. This adds value to players who are actively engaged in the game, while encouraging user loyalty.

3. Yield Farming and Profit Sharing

Through the yield farming program, token holders can lock in their assets for passive yield. In addition, there is also a revenue-sharing model, where a portion of revenue from platform activities is shared with MEMEFI token holders.

4. In-App Purchases

The token also serves as the main in-platform currency, allowing users to purchase goods, upgrades, or services directly within the ecosystem.

Also read Potential Fraud Warning: Is MemeFi Safe?

MEMEFI Tokenomics

In accordance with the illustrated tokenomics, the total supply of $MEMEFI is capped at 10,000,000,000 tokens. The distribution of these tokens ensures a fair allocation to the various interests and operations of the platform:

1. Community

90% of the total supply is allocated to the community, reflecting the platform's primary focus on empowering users and communities.

2. Liquidity/CEXs

5.5% is allocated for liquidity needs on centralized exchanges (CEXs), ensuring smooth and stable token trading.

3. Seed, Strategic, and Early Adopter

Each gets a small portion, 1% to 1.5%, to incentivize early investors and strategic partners.

4. Partners

1% is given to partners to support long-term cooperation.

Conclusion

MEMEFI offers more than just a token, it is an integral part of the platform with many interesting utilities.

With this tokenomics arrangement, Bittimers can at least have an idea of how the Memefi project organizes the distribution of MEMEFI Tokens in the future.

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