On October 28, the Memeland project called Web3 revealed how well the Memecoin (MEME) Fire Sale did, which everyone was waiting for. Many people are excited about the MEME token and its presale because of its interesting background and potential.
Fire Sale is very successful.
The people who made 9GAG also made Memeland. 9GAG is a famous website for sharing funny pictures and stories. The team took their love for memes to the next level by exploring non-fungible tokens (NFTs). Memeland is not just a regular NFT store. It includes a mix of virtual worlds, games, and NFTs. This new mix of things looks like it will do well in the always-changing digital world.
The Fire Sale results on Memeland’s website showed really good numbers. Out of the total of 69 billion MEME tokens, 7. 59 billion tokens were set aside for the Fire Sale, which is 11% of all the tokens available. The fire sale had 25,300 units, and each unit had 300,000 MEME tokens.
All 21,544 slots on the allowlist were taken, showing that a lot of people are interested in this new token. Also, 30,098 people signed up for the MEME presale waitlist, and 12. 47% of them were successful in getting a spot on the waitlist. To make things even better, Memeland’s token sale commitments increased a lot to $10 million on Thursday.
Binance is happy to have MEME on its launchpool.
Binance, a top cryptocurrency exchange, said they will add Memecoin (MEME) to their Launchpool on October 27. This big change will start in a week, and trading will involve all 69 billion MEME tokens.
Because the cryptocurrency world is very unstable and hard to predict, Binance’s choice to put MEME on its Launchpool is seen as a test. The Memecoin is now on Binance. We will see if it becomes popular or if it is just a short-lived idea in the world of cryptocurrency.
But the MEME team seems hopeful. In a positive tweet, they said to traders and investors, “If you didn’t get enough $MEME from Fire Sale, you can still get $MEME from our @Binance Launchpool. You have around 29 days. This is another opportunity for people who missed the Fire Sale or want to buy more MEME.
Also, Binance has shown that it believes in the MEME project by setting aside a huge total reward of 138,000,000 for users who take part in a 30-day farming period.
What will happen to Memecoin in the future.
It’s too early to know for sure what will happen with Memecoin, but early signs look good. The strong sales numbers and support from Binance suggest that the cryptocurrency community likes it.
Furthermore, Memeland is in a good position because it has strong connections to meme culture and is dedicated to combining different virtual worlds, gaming, and NFTs. This gives it an advantage even though the market is very crowded. Partnering with 9GAG, a site that understands memes well, gives Memecoin credibility.
Conclusion
The MEME token is becoming very popular, and people in the cryptocurrency world are eagerly paying attention. We don’t know if Memecoin will become popular in the world of cryptocurrency or if it will only be popular for a short time. We will have to wait and see. However, it has achieved a lot in the beginning and gives us many reasons to be hopeful.
Warning: This information is not advice for buying or selling stocks.