MemeFi Shifts Token Launch to Sui Network Ahead of Airdrop
Tap To Earn

MemeFi Shifts Token Launch to Sui Network Ahead of Airdrop

The developers of the Telegram-based game MemeFi have announced a significant shift in their token launch strategy, moving from the Ethereum layer-2 network Linea to the Sui layer-1 network.

MemeFi Shifts Token Launch to Sui Network Ahead of Airdrop
The developers of the Telegram-based game MemeFi have announced a significant shift in their token launch strategy, moving from the Ethereum layer-2 network Linea to the Sui layer-1 network.
This decision comes just weeks before the anticipated token launch, scheduled for Nov. 12, which will include an airdrop for players.

MemeFi, a tap-to-earn combat game popular on Telegram, previously aimed to launch its token on Linea. However, the team stated that they are collaborating with Mysten Labs, the creators of the Sui network, to enhance their launch strategy and marketing efforts.

The developers emphasized that the integration with Sui is intended to familiarize users with the network’s advantages, highlighting its speed and cost-effectiveness.

The upcoming airdrop will be determined by a final snapshot of player activity on Nov. 6. Developers plan to release details on token allocations on Nov. 8, while they enable players to check their potential allocations using partial data through the OKX Wallet.

In addition to the migration announcement, OKX has begun pre-market trading for the MEMEFI token on its futures platform, allowing traders to speculate on the token's future value.

This move positions MemeFi differently from other major Telegram crypto games, such as Notcoin and Hamster Kombat, which have typically launched tokens on The Open Network (TON).

Originally scheduled for Oct. 9, the token launch date was postponed as the development team reassessed their strategy.

This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
18 people liked this article