MemeFi Coin Explained: When Is The Airdrop?

The tap-to-earn hype is in full swing. Telegram’s integration of Web3 features, largely through TON, has helped more projects find success in using this model to reach and engage a wider audience. After the recent achievements of Hamster Kombat and Notcoin, other projects are now following in their footsteps. One of the latest projects to enter this hype is MemeFi. 

Right out of the gate, unlike most tap-to-earn projects, MemeFi has announced a specific date for its token generation event (TGE), which will take place on late October. So, what is MemeFi, how does the gameplay work, and is it safe? Let’s find out.

Key takeaways 

• MemeFi is a tap-to-earn game on Telegram where users engage with meme-inspired characters to earn virtual rewards and cryptocurrency.
• The airdrop will occur on 9 October 2024. To participate, users must complete tasks like inviting others and following social media instructions through the MemeFi Telegram bot.
• MemeFi has over five million active players and operates on the Linea blockchain, an Ethereum layer-2 solution.

What is MemeFi?

MemeFi is a popular 'tap-to-earn' game built on the Telegram platform, where players engage in simple, repetitive tapping to defeat meme-inspired bosses like Pepe and Doge. Each tap deals damage to these bosses, and players earn virtual rewards, including MemeFi Coins, based on their performance. Unlike many other tap-to-earn games that focus solely on increasing score counts, the game stands out by offering clear objectives and challenges.

MemeFi integrates a daily combo feature, where players can input special codes, often found on MemeFi's Telegram channels or YouTube videos, to unlock additional rewards such as coins or energy boosts. This gamified structure, along with the frequent airdrop opportunities and the upcoming TGE on 9 October 2024, has driven its rapid growth, attracting millions of users globally. The game taps into blockchain technology, using Ethereum's Linea network for its token airdrops.
 

Gameplay features 

Here’s a breakdown of the gameplay mechanics:

• Tapping for rewards: Players continuously tap their screens to take down bosses. Each tap removes a small portion of the boss's health, and as the boss’s health decreases, the player earns MemeFi Coins and other rewards.
• Daily challenges: MemeFi includes daily tasks and challenges. Players can participate in 'Daily Combo' events, where entering special codes (obtained through MemeFi’s Telegram group or YouTube) unlocks extra rewards like coins or energy spins​.
• Energy spins: These can be earned as rewards or purchased with MemeFi Coins. Energy Spins offer a chance to win additional coins, power-ups, or boosts that help in taking down bosses faster​.
• Progression and airdrops: Players accumulate MemeFi Coins, which can be exchanged or saved for upcoming airdrops of the MemeFi token (scheduled for release on Ethereum’s Linea network). This adds a real-world earning aspect to the game.

When is the MemeFi airdrop? 

The MemeFi airdrop is scheduled for 9 October 2024, during the TGE. The airdrop will distribute 90% of its total token supply to users. According to its project team, the TGE will be followed by major exchange listing announcements for the token. The expected initial listing price of the tokens ranges from $0.06 to $0.10.

How to participate in the airdrop? 

To participate in the airdrop, users must complete specific tasks through the MemeFi Telegram bot. These tasks typically involve sharing content, inviting others to join the platform, and following MemeFi on social media. Once these tasks are completed, users can claim their airdrop tokens, which will be added to their MemeFi wallet when the distribution begins.

MemeFi team has announced that it will introduce a public airdrop checker ahead of the TGE that allows users to verify their eligibility for the event. In preparation, users are encouraged to create a wallet via MemeFi's Telegram mini-app, which will be used to store and claim the airdrop tokens.

https://x.com/airdroparenaa/status/1826998906191806841 

Which blockchain is the game built on?

MemeFi operates on the Ethereum Virtual Machine (EVM) and is specifically integrated with the Linea network, which is an Ethereum layer-2 scaling solution. This differentiates it from many other Telegram-based games that are typically built on The Open Network (TON). 

Linea is a layer-2 scaling solution on the Ethereum network. It is designed to enhance Ethereum's transaction speed and reduce gas fees while maintaining the security and decentralization of the Ethereum layer-1. Linea achieves this by using rollups, which bundle multiple transactions together off-chain and submit them as a single batch on-chain. This method preserves Ethereum’s security while offering greater efficiency.

Is MemeFi legitimate and safe? 

MemeFi appears to be legitimate and secure based on several factors:

• Blockchain integration: MemeFi is built on Ethereum's Linea layer-2 network, which benefits from Ethereum’s robust security model. By using rollups, Linea ensures that transactions are secure and processed efficiently, reducing the risk of hacks or other vulnerabilities associated with high transaction costs​.
• Partnerships and backing: MemeFi has partnerships with reputable blockchain platforms, including Space ID and Linea. This association with well-known projects helps increase its credibility.
• Tokenomics and transparency: MemeFi has outlined its tokenomics clearly, with 90% of the tokens being distributed to the community, which adds transparency to its operations​. Additionally, the upcoming airdrop and TGE on 9 October are key milestones that are publicly documented.
• Community engagement: The platform has gained more than five million users, showing strong community involvement and trust​.
• Potential risks: As with any new crypto-based platform, risks exist, especially around market volatility and the speculative nature of cryptocurrencies. Investors should always be cautious, conduct due diligence, and only invest amounts they can afford to lose.​

In summary, MemeFi appears legitimate, with credible partnerships, strong community backing, and integration into a secure blockchain. However, like with any new crypto project, users must remain vigilant and informed.