Key takeaways
Memeinator has now sold more than 70% of the total tokens allocated for the presale.
The project has raised nearly $4.4 million over the last few weeks.
What is Memeinator?
Memeinator is a Web3 project that intends to launch as a meme token and provide utility to those that use memes.
The whitepaper details the strategies the development team intends to make to turn Memeinator into one of the leading meme coins in the crypto space. What makes it an interesting project is the value proposition it offers to investors and content creators.
Memeinator launching as a meme coin is to take advantage of the recent growth in trading volume and popularity of meme coins.
The team explained that Memeinator’s primary utility is to destroy worthless memes on the internet, allowing users to have access to only quality memes. This ensures that Memeinator provides utility to the users and incentives to the token holders.
By leveraging AI, Memeinator can easily identify worthless memes, enabling content creators and other users to know them and steer clear of them. The development team have a $1 billion market cap target for Memeinator once it begins trading on crypto exchanges.
Memeinator presale crosses the 70% mark
The Memeinator presale is currently in its 14th stage and has already crossed an important milestone. The team announced a few hours ago that 70% of the total tokens allocated for presale have been sold.
OVER 70% OF THE MEMEINATOR PRESALE? GONE. OBLITERATED!
STAGE 14? BLASTING BARRIERS LIKE A TRAIN THROUGH FOAM!
THE CLOCK’S TICKING! EVERY MOMENT IS CRITICAL!
MOVE! TAKE ACTION NOW: https://t.co/aWtBDWViId pic.twitter.com/Gfy3mHOi4f
— The Memeinator (@TheMemeinator__) February 7, 2024
This is an important benchmark as it implies that only 30% of the Memeinator presale tokens are available to investors during the remaining round.
So far, its presale has been moving excellently, The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.022. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing.
Memeinator’s presale approaches $4.4 million
The Memeinator presale is roughly four months old and the team has raised nearly $4.4 million so far. Buying into this project is very easy as investors can purchase the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins.
According to the team, the MMTR token will only be available on the BNBChain and Ethereum networks once it starts trading on crypto exchanges. However, the token could launch on other blockchains as it seeks to reach a wider audience.
At the moment, the MMTR token can be purchased by connecting any of the supported wallets to the Memeinator website. The MMTR token can be purchased using ETH, USDT and USDC coins.
Click here to read more about the Memeinator presale.
Why is the Memeinator presale attracting more investors?
The Memeinator presale has grown massively over the past few weeks and has now raised more than $4.3 million. The presale is selling fast thanks to the unique value proposition the project offers to investors.
With Memeinator, content creators would have an excellent tool for eliminating worthless memes. MMTR will power various activities within the ecosystem.
Most of the funds raised from the presale would be channelled towards developing the Memeinator AI technology. This technology will see Memeinator leverage AI to analyze and evaluate memes on the internet.
Furthermore, the MMTR token comes with some exciting features, including deflationary mechanisms and rewards for holders. According to their whitepaper, 20% of the tokens are allocated for marketing, CEX listing and liquidity.
Is Memeinator a good investment?
Memeinator offers a unique value proposition to users and could become one of the leading meme coins in the crypto space with the right level of adoption. The project’s use of AI and blockchain technology makes it one of the few meme coins that is leveraging two exciting technologies.
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