- Memeinator burns a massive 129 million MMTR as community targets Q1, 2024 launch
- This follows Memeinator’s 9-stage presale reduction announced on Monday.
- MMTR staking is also live, with a pool of over 21.5 million tokens.
As the crypto market heats up with bullish excitement, Memeinator (MMTR), one of the projects likely to see increased attention ahead of its launch, has just unveiled a massive update to its ongoing presale.
As well as reducing its presale stages by 9, the project has burned over 129 million of the underlying MMTR token (accounting for six stages). It has also opened a staking pool with over 21 million MMTR tokens.
Here’s more on this update and why it could be a huge one for Memeinator.
Memeinator’s 9-stage presale reduction and 129 million MMTR burn
The Memeinator is a new crypto token on a mission to save crypto from puny meme tokens. While it’s a meme token inspired by the 90s film hit Terminator 2, the Memeinator seeks to distinguish itself from the flood of tokens that only copy major tokens like Dogecoin, Shiba Inu and Pepe.
In this case, it leverages artificial intelligence and will feature gaming, exclusive NFTs and staking to offer genuine utility to the community.
The MMTR presale, which offered 62.5% of the total supply of 1 billion tokens to early buyers, has been live for about two months now. Likely buoyed by the market expectations as prices ramped higher over the past few weeks, the investors are breezing through stage 7 as the raised amount hits $1.7 million.
However, during this period, the community has offered various suggestions and feedback on how to accelerate the early bird process ahead of launch in 2024.
According to an update from the team, the response to the community’s observations and suggestions is what has led to the 9-stage reduction.
Specifically, the presale has been cut from the original 29 stages to 20. With this step, the Memeinator has burned 129,310,345 MMTR tokens, or 6 stages worth of tokens, permanently removing them from the ecosystem. . This could buttress the MMTR’s future price via the principle of scarcity, making it one of the best coins to invest in.
Interested buyers may want to take note that there are only 12 stages left before the Memeinator presale hits the last stage at 20, with a close expected in Q1, 2024.
Memeinator staking pool now live
As well as burning 129 million MMTR tokens, staking is now live. Although planned for phase two of the roadmap, the team has decided to dedicate one stage’s worth of MMTR tokens to the first staking pool. This sees 21.5 million tokens up for grabs as users commit tokens for a chance to earn up to 45% in rewards.
According to the team, which has announced more details will be revealed via an AMA on Wednesday, the staking has a lock period of six months, with this set to formally close after the presale. The exact date will be confirmed. Meanwhile, one stage’s worth of tokens has been reserved for future staking pools.
Memeinator to ramp up marketing effort
As with any other project, the Memeinator will grow alongside its community. Meme tokens in fact rely on this growth metrics to reach new height. But while most copycats rely on hype to achieve this, the Memeinator seeks to do it via real value to the community.
However, with its objective of growing the value of MMTR by eliminating weak meme tokens, the Memeinator is planning to inject a little bit more into marketing. Thus, a small percentage of the tokens from the reduced stages will be used to support marketing activities.
Learn more about Memeinator’s tokenomics on their presale page.
