MemeFi, a viral cryptocurrency project on Telegram, is preparing for its listing on several cryptocurrency exchanges on November 22, including OKX, Bitget, Bybit, KuCoin, MEXC, and Gate.io.
The MemeFi listing is finally coming after multiple delays, which have led the community to speculate about the project’s legitimacy and whether users will receive the rewards earned from the Telegram game.
However, in late October, the MemeFi coin team unveiled their intention to list on at least six centralized cryptocurrency exchanges through the Sui blockchain network.
MemeFi reassures the community as exchange listing date nears
The MemeFi coin is the first Telegram crypto game launched on the Sui network, a scalable and fast layer 1 blockchain capable of handling loads and traffic peaks. It is also the first project not to use the Ton network, resulting in more community criticism.
Complaints from the community pertain to the processes required to claim their Memefi coins on the blockchain, especially since previous projects such as Notcoin, Dogs, and Hamster Kombat used Telegram’s native TON chain, which permitted players to claim their tokens to their integrated Telegram wallet directly.
Many users are concerned that these methods may hinder them from receiving their Memefi airdrop tokens.
However, the MemeFi team has reassured users that they have made provisions to ensure all users can access the claim option.
We’d like to clarify some misconceptions about the claiming process.
Let us assure you: we've made sure claim is available to ALL users. There is no deliberate strategy to prevent any cohort of MemeFi users from claiming.
Some might be confused about the branded OKX launch.… pic.twitter.com/xXpCJZAAup
— MemeFi (@memeficlub) November 20, 2024
“There is no deliberate strategy to prevent any cohort of MemeFi users from claiming,” the project stated on November 20 while clarifying some “misconceptions” about the airdrop claiming process.
They say they integrated the Sui Network using OKX Wallet’s OKX Connect for Telegram apps. This collaboration helped them create a custom airdrop and claiming process.
Users can only make off-chain claims through OKX, while on-chain claims will start one hour before the Token Generation Event (TGE) on November 22, 2024, the day of the MemeFi listing.
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The team also states that on-chain claims will be available to everyone and cover gas fees for users on the big day.
MemeFi price prediction
Although the token has not yet been available on the public market, anticipation of Memefi’s potential listing price is rising, with estimates drawn from its pre-market values.
Currently, the $MEMEFI token is at about 0.014 USDT. With a total supply of 10 billion tokens, its future valuation will be affected by several elements, particularly the forthcoming airdrop distribution and exchange listing.
Eighty-five percent of the overall supply (8.5 billion tokens) will be allocated to Telegram users, while 5% (500 million tokens) will be set aside for the Web3 community.
One notable point is that Bitget has already listed the Memefi coin and has now opened deposits. An X user posted a screenshot from the trading platform indicating that 5 MEMEFI tokens are valued at $0.10, suggesting the Memefi listing price should be $0.02.
According to #Bitget
5 $MEMEFI = $0.10
1 $MEMEFI = $0.02 pic.twitter.com/aNvAxgUZ5m— Pavel Durov (Parody) (@DurovPD) November 20, 2024
Therefore, following the exchange listings scheduled for November 22, we can anticipate an initial price surge for the Memefi coin, followed by a decline as airdrop recipients sell off their free tokens, similar to trends seen with earlier tokens like NOT, CATS, DOGS, and HMSTR.
However, in a positive market scenario, the Memefi price can fluctuate between 0.015 and 0.050 USDT by the end of 2024.
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