- Meme coin alert: Memeinator lays down the gauntlet for worthless tokens
- Memeinator’s presale accelerated past $18 million this week as weak meme coins declined
- MMTR will start trading on major exchanges after its presale.
With Bitcoin above $42k and the crypto market eyeing its next bull phase, one likely scenario is a proliferation of weak projects targeting speculative hype to dump worthless bags onto small investors.
While some scrawny token may have succeeded in the past, there’s an unforgiving terminator on the prowl looking to render judgement. If you are new to the sector, welcome to the world of the Memeinator.
Meme coin market still has weak and worthless tokens
Meme coins have seen a significant resurgence in 2023 after a dismal performance during the crypto winter.
With a section of the market building on the strength of the internet meme culture to cultivate strong communities, investors are looking at these coins as a way of diversifying portfolios as well as identifying with trends and social sentiment.
As such, Dogecoin, Shiba Inu, Floki and a few others continue to attract attention. According to CoinGecko data, the meme coins sector is worth over $23 billion in market capitalization today.
However, the market is still teeming with several projects offering nothing other than a fleeting, speculative prospect. Many of these have dumped hard, some disappearing altogether.
As highlighted, most meme tokens to spring up in the past two or three years are copycats of this or that dog-themed coin. A lot of times, tokens appear based on jokes and trends that have no traction. The hype around them therefore fades as fast as it builds.
What is the Memeinator?
Memeinator (MMTR) is a new project with a laser focus on the task at hand – clearing crypto of such tokens. This project’s unflinching mission in this quest is bad news for dog-themed, frog-themed and such other replica meme coins with nothing to offer but hot air.
Ready and loaded within its ecosystem is real utility for the crypto community.
Apart from espousing community first principles, the Memeinator whitepaper outlines gaming, NFTs and staking as key utility and use case targets. There is also access to top crypto dApps that will add to the overall traction for MMTR.
Memeinator’s mission – no time for weak meme coins
As the Memeinator lays down the gauntlet via its innovative approach, the simple truth is that the days of useless meme tokens are numbered. Dealing with the menace via blockchain and artificial intelligence is the new project’s strategy.
The project’s development phase will see the launch of the Memescanner, whose AI capabilities have been enhanced to hunt down weak meme coins. The AI tool feeds low value tokens’ identity and location into the Meme Warfare game.
According to the whitepaper, the gamification is part of the mission to terminate low quality tokens, with players earning from the game as they push the MMTR market capitalization towards the $1 billion mark.
The Memeinator features a deflationary approach to tokenomics, with over 129 million MMTR tokens already burned as part of the burn mechanism. Analysts opine that token buy back and burn programs are key to token’s future price due to the scarcity that permanently removing tokens from creates.
Memeinator’s special offers
While marketing is not the main focus of the Memeinator, the project still handles this with great oomph. The partnership with Virgin Galactic that will see a lucky MMTR holder enjoy an all-expenses paid trip to space stands out.
Apart from the $250k giveaway, there are other numerous promotions and campaigns as well as a referral program that sees holders earn 5% reward. Also notable is the team that has held multiple AMAs and released updates on the Memeinator’s social channels.
Memeinator staking, with 21.5 million MMTR pool size is also live. Stakers can earn up to 45% annual rewards on their stake.
Memeinator presale
Memeinator’s hostile takeover of the meme coin space is getting into the final stages of preparation, with presale hitting stage 8 and over $1.8 million raised. It is a prospect that could see the broader crypto investor community taking notice, likely due to the huge discount possible should MMTR price explode when it hits the trading market.
Currently, MMTR is priced at $0.0148 but is expected to rise continually throughout the presale to reach $0.049.
Learn more here.
