‘MemeFi’ Telegram Game Delays Sui Token Launch and Airdrop

Telegram tap-to-earn fight recreation MemeFi has delayed its airdrop date but once more, pushing again its last snapshot of participant exercise because the group prepares for the Sui token launch.

In a Telegram neighborhood put up, the sport’s group blamed remaining work to be accomplished for the token itemizing on the “developer and authorized aspect.” That is the second formal delay for the token launch, which was initially dated for October 9 and later moved to November 12.

MemeFi is a tap-to-earn recreation that sees gamers battle towards meme-inspired enemies by tapping the display, incomes cash within the course of. As with most video games on this style, all in-game progress goes in the direction of incomes gamers a bigger share of the challenge’s future token airdrop.

Late Tuesday, the Telegram recreation announced that its token could be listed on OKX on November 22, adopted by an airdrop to eligible gamers. With this revised airdrop date, MemeFi has additionally pushed the ultimate snapshot again to November 15, so gamers have extra time to play the sport and try and earn extra tokens.

“The ten-day shift within the timeline is there as we’re nonetheless making ready for the listings on the dev and authorized aspect,” the announcement stated. It additionally promised that this would be the “last itemizing timeline.”

Initially meant to launch on October 9, the token launch was delayed amid obvious behind-the-scenes actions. Then on October 25, MemeFi introduced that it might be launching on layer-1 community Sui moderately than the initially deliberate Ethereum layer-2 scaling community Linea, with the launch shifted to November 12

For now, the one trade confirmed to record the token is OKX. Extra particulars relating to the itemizing and different exchanges are anticipated to be introduced within the coming days.

Change OKX opened pre-market buying and selling for MEMEFI on October 25. On the time of writing, MEMEFI is being traded for $0.007493 on the platform. Pre-market buying and selling permits customers to invest on the eventual value of a token earlier than it has launched—and fairly often it’s mistaken.

MemeFi is one in all many Telegram gaming initiatives to launch a token this 12 months. Notcoin, the sport that kickstarted the tap-to-earn craze, noticed probably the most success with its token on The Open Network (TON) peaking at a market cap of $2.97 billion.

Hamster Kombat’s token launch was not as profitable, nonetheless, regardless of its significantly larger player base. Peaking at a market cap of $646.3 million, the token swiftly crashed as person curiosity began to wane.

Faucet-to-earn video games typically look to reinvent their gameplay loop to maintain gamers , however we’re but to see a challenge nail the transition. Notcoin, for instance, has partnered with different initiatives reminiscent of Flappy Bird, however has but to recreate the unique buzz round its mannequin.

Jack Sales space, the co-founder of TON Society—the group centered on TON neighborhood operations—just lately informed Decrypt that tap-to-earn should be seen as a launch strategy moderately than a style itself. Tasks which can be garnering a whole lot of hundreds of thousands of gamers ought to use that as a platform to launch a product, he believes—not merely proceed the repetitive tapping loop.

Edited by Andrew Hayward