Meme Index is a platform that lists meme coins in the form of indexes. Its presales are live now where investors can purchase $MEMEX tokens at a price lower than the market price. $MEMEX tokens are an important purchase as they combine innovation, decentralization, and community governance into a single space from where meme coin enthusiasts can select and gain awareness about coins at their leisure. Most of the popular meme coins such as DOGE, SHIB, WIF, POPCAT, PEPE, BRETT, etc are available on the Meme Index platform.
In this article, you will learn more about the workings of the Meme Index platform and understand the process of buying $MEMEX tokens during the presales stage.
How Does the Meme Index Work?
$MEMEX token holders can take part in 4 diverse meme coin baskets and stake the $MEMEX tokens for maximum profit. The meme coin baskets or indexes are different from each other based on the volatility of the meme coins in them. There are four indexes on the Meme Index platform.
- Meme Titan Index
- Meme Moonshot Index
- Meme Midcap Index
- Meme Frenzy Index
You can select coins from any of these indexes based on their market volatility and your needs. The Titan index holds well-established, stable meme coins such as DOGE and SHIB. The volatility of the coins held by other indexes lowers in the given order with the frenzy index holding highly volatile meme coins.
How to Buy $MEMEX Tokens during the Presale?
The current price of $MEMEX tokens is $0.0160352, which is much lower than the expected price once they are listed on major cryptocurrency exchanges. You can buy $MEMEX tokens in exchange for ETH or USDT or through card payment. To do so, you need to connect a suitable cryptocurrency wallet to the Meme Index presale page. If you are connecting through a desktop device, the Metamask wallet is suggested. If you are connecting through a mobile device, the best wallet is recommended. You can download the browser extension or app of these wallets to get started.
Fill the wallet with enough ETH or USDT tokens to serve as the base currency for the $MEMEX token purchase. On the presales page of the Meme Index protocol, you can purchase $MEMEX tokens by swapping the base currency in the wallet. After the purchase, you can stake the $MEMEX tokens to gain more rewards. You stand a chance to get up to 652% rewards with $MEMEX token staking.
Governance in the Meme Index Platform
$MEMEX tokens are a digital asset that provides its token holders with the gateway to the governance of the platform. If you are a token holder, you can propose changes to the platform and vote for these changes. You also have the option to suggest the meme coins that are to be included in each of the indexes.
Here are the steps to conduct governance in the Meme Index platform.
- Submit a proposal for a new project or changes in the existing projects.
- Vote on the new meme coins that you want to be placed in the indexes.
- Hold $MEMEX tokens to submit, vote, and access the Meme Index.
$MEMEX Tokenomics
Here is how $MEMEX tokens are distributed for various use cases.
- 15% of the total supply of $MEMEX tokens is distributed for presales purposes.
- 25% of the total supply of $MEMEX tokens is dedicated to be distributed as staking rewards for those who stake these tokens after purchasing through the presales stage.
- 20% of the total supply of $MEMEX tokens is distributed for marketing purposes.
- Another 20% of the total supply of $MEMEX tokens is allocated to be distributed as community rewards and incentives.
- The remaining 20% of the total supply of $MEMEX tokens is distributed for project treasury and governance.
The Bottom Line
The Meme Index presale is an event in which all meme coin enthusiasts should participate. You can purchase $MEMEX tokens at low prices and take part in the trade of all prominent meme coins in the market. $MEMEX token holding also gives you a chance to govern the platform and propose new tokens to be added to the index.
$MEMEX token purchase at this presales stage also gives you a chance to gain high APY through staking. In short, the Meme Index presale is a profitable program where you should invest to get high returns.
