A brand new cryptocurrency, Meme Index (MEMEX), goes viral and has raised over $2 million in its Preliminary Coin Providing (ICO).
Because the title suggests, Meme Index is the first-ever decentralized index fund for meme cash, utilizing innovation and neighborhood governance to supply buyers broad publicity to the meme sector.
The distinctive concept of investing in meme coin baskets is exhibiting indicators of speedy adoption, as evident in its presale success. A couple of sensible cash buyers are even calling MEMEX the most effective new crypto to purchase now.
Meme Index – The Sensible Approach of Investing In Meme Cash?
The meme coin asset class has ballooned to incorporate hundreds of tokens in recent times, with tons of of tokens added to the record every day.
Retail buyers usually unfold their restricted funds throughout too many cash, diluting their potential good points and giving a big edge to the whales.
As an example, simply immediately, a whale bought $13.34 million of WIF, $3.83 million price of POPCAT, $922k price of FWOG and $467k price of MICHI.
The sensible cash investor is clearly anticipating a Solana meme coin rally within the close to future and has invested in a various set of high-potential tokens. Small-scale buyers are unlikely to duplicate this degree of diversification and foresight.
Consequently, Meme Index goals to handle a big market demand, with its first-ever decentralized index funds for meme cash. All $MEMEX holders will quickly have the ability to put money into meme coin property, benefitting from broad publicity whereas additionally spreading the chance.
In reality, buyers could have their choose, contemplating Meme Index is providing 4 separate baskets with various risk-reward ratios.
First up is the Meme Titan Index, together with billion-dollar meme cash like Dogecoin, Shiba Inu and Pepe. The basket is designed for secure gamers like institutional buyers, however might nonetheless provide outsized returns.
Subsequent up is the Meme Moonshot Index, comprising of the challengers — meme cash which have seen explosive development and are poised to hit the billion-dollar market cap.
Third is the Meme Midcap Index, that includes tokens inside $50 million and $250 million market caps. This basket will embody meme cash with excessive upside potential that would individually provide as much as 20x development. Buyers could discover the subsequent Binance meme token on this basket, particularly because the world’s main crypto alternate has been itemizing small-cap meme cash.
Lastly, the Meme Frenzy Index is designed for the “degens”, dangerous gamers who’re making an attempt to seize the subsequent 100x meme coin.
The important thing element of the Meme Index answer is its decentralization and neighborhood governance. MEMEX holders will vote on which meme cash to incorporate in every basket, a function that would show to be a game-changer.
As an example, buyers — particularly retail buyers — would lastly have the ability to profit from high-upside meme cash that they in any other case would have missed. Equally, these investments would entail lesser threat — as an illustration, it could be unlikely that the tokens within the Meme Frenzy Index are outright scams, contemplating their robust neighborhood assist.
It’s, due to this fact, no shock that MEMEX has emerged as one of many hottest new cryptocurrencies in the marketplace, contemplating solely token holders would have the ability to put money into and vote on the hampers.
Is MEMEX The Greatest New Cryptocurrency To Purchase?
MEMEX is a high-utility meme coin with robust fundamentals.
Specialists have commented that it’s uncommon for brand new meme cash to prioritize utility, safety and transparency above all else. As an example, the MEMEX sensible contract has been audited by Coinsult and SolidProof, neither of which revealed any safety dangers that would put investments in danger.
Equally, the developer staff hasn’t reserved any portion of the MEMEX token provide for themselves or any personal sale, decreasing the chance of scams and rug-pulls. Take a look at the Meme Index whitepaper for the total tokenomics.
Retail buyers are additionally incomes important passive revenue from the venture’s presale staking pool, designed to reward early patrons, which is at present providing a reward fee of over 1100%.
Unsurprisingly, distinguished analysts are among the many early MEMEX buyers, with many calling it the most effective new cryptocurrencies to purchase earlier than the upcoming bull market.
Nevertheless, the robust demand additionally signifies that the presale levels are promoting out shortly, pushing the MEMEX value up. patrons have a brief window to safe the utmost doable returns on their investments.
Go to Meme Index Presale