MemeFi Coin Listing Date | Comprehensive Guide

MemeFi is preparing for the highly anticipated listing of its native token, MEMEFI, on major cryptocurrency exchanges. Scheduled for November 22, 2024, the MemeFi coin will officially go live after months of planning and community engagement. Prior to this, a substantial airdrop will reward early supporters and active participants.

MemeFi listing date

MemeFi’s MEMEFI token will be officially listed on multiple exchanges on November 22, 2024. This marks a major milestone for the MemeFi project, which has gained significant attention due to its innovative play-to-earn game model and growing community. The team has confirmed this listing date across its social media platforms like X and Telegram.

MemeFi Game

The listing will be accompanied by an airdrop event on November 22, 2024, aimed at rewarding the most active members and early adopters of the MemeFi ecosystem. Players who have participated in the ongoing “Extreme Heat Season” event, which continues until the Token Generation Event (TGE), will have the chance to earn exclusive rewards.

In a surprising move, MemeFi has announced its departure from Ethereum's Linea network in favor of Sui blockchain, just weeks before its highly anticipated token launch. Breaking away from the traditional path taken by most Telegram-based crypto games, which typically launch on The Open Network (TON), MemeFi has forged a partnership with Mysten Labs, the creator of Sui network. This collaboration promises to deliver enhanced marketing initiatives and broader ecosystem integration. The move to Sui network comes with promises of faster transactions and lower costs, potentially setting a new standard for blockchain gaming integration within the Telegram ecosystem.

Players eagerly awaiting the token launch should mark November 6 on their calendars, as this will be the crucial snapshot date for determining airdrop allocations. The final distribution details will be revealed two days later, on November 8. In the meantime, players can get a preliminary glimpse of their potential allocations through OKX Wallet's pre-check feature.

For those looking to get ahead of the game, OKX has already opened pre-market trading for the MEMEFI token on its futures platform, allowing traders to speculate on the token's future value before its official debut.

MEMEFI’s total supply stands at 1 billion tokens, and the team has not revealed the exchanges where it will be listed yet, but this information is expected to be disclosed in the coming weeks.

How to prepare for the MemeFi listing

As the MemeFi listing date of November 22, 2024, approaches, there are several key steps you can take to ensure you're ready to make the most of this opportunity. Proper preparation can help you navigate the volatility that often accompanies new token listings and position yourself to benefit from potential price movements. Here’s a detailed guide on how to get prepared:

1. Create and verify exchange accounts

The first step in preparing for the MemeFi token listing is to ensure that you have active accounts on the major cryptocurrency exchanges where MemeFi will be available. While the specific exchanges are yet to be confirmed, it’s a good idea to set up accounts on popular platforms like Binance, Bybit, KuCoin, and others where tokens of this nature are commonly listed. Make sure your accounts are fully verified to avoid delays when it comes time to trade, as the verification process can sometimes take a few days, depending on the exchange.

2. Fund your exchange accounts

Once your accounts are verified, the next crucial step is to fund them in advance. Depositing funds ahead of time ensures you are ready to act quickly when the MemeFi token becomes available for trading. Depending on the exchange, it’s best to hold a mix of fiat currencies and stablecoins (such as USDT or USDC) that can be easily traded for MemeFi as soon as it is listed. This way, you’ll be prepared to buy the token immediately after it goes live and won’t miss out on any potential price dips.

3. Keep an eye on market trends

In the days leading up to the MemeFi listing, keeping an eye on broader market trends and sentiment is essential. Meme tokens and play-to-earn projects like MemeFi tend to experience significant volatility, particularly around their listing dates. Tracking the market performance of similar tokens and understanding general market conditions can help you gauge the right moment to buy or sell. It’s also important to stay informed about any updates from the MemeFi team regarding the listing, as this could impact market activity.

4. Study MemeFi tokenomics and use cases

Understanding the fundamentals of the MemeFi token, including its tokenomics, utility, and long-term potential, will equip you to make informed decisions. MemeFi utility is centered around its role in the play-to-earn ecosystem, where it can be used for purchasing in-game items, upgrading assets, and trading within the platform. A firm grasp of how the token functions within the MemeFi ecosystem can help you anticipate potential price movements and determine when to enter or exit the market.

5. Set up trading tools and alerts

To stay on top of rapid market changes, consider setting up trading tools such as price alerts or bots. These tools can notify you of important price movements or execute trades automatically based on your pre-defined strategies. Given the heightened volatility of new token listings, having automated systems in place can give you an advantage by ensuring you don’t miss out on critical moments for buying or selling MemeFi.

6. Formulate a trading strategy

Before the listing date, it's important to establish a clear trading strategy. Determine whether you plan to buy and hold for the long term, capitalize on short-term price movements, or a combination of both. For example, some traders might choose to buy during the initial listing and then sell if there’s a significant price surge, while others may hold their tokens for potential long-term gains as the MemeFi ecosystem expands. Sticking to a well-thought-out strategy will help you avoid making impulsive decisions, especially during periods of high volatility.

7. Stay updated on MemeFi news and announcements

Finally, staying up to date on the latest news and announcements from the MemeFi team is essential. The project may release additional information about the listing, including the exact time it will go live, the participating exchanges, and any partnerships or developments that could influence the token’s performance. Following the official MemeFi channel, and their website will ensure you receive timely updates and can act on any last-minute changes or opportunities.

By following these steps, you’ll be well-prepared to navigate the MemeFi token listing on November 22, 2024, and capitalize on any opportunities that arise.

Step-by-step process for trading MEMEFI on the listing day

To effectively handle the volatility and maximize opportunities during the MemeFi listing, follow these guidelines:

1. Pre-listing preparations: Ensure your exchange account is fully set up and funded. Stay updated on MemeFi announcements via official channels to avoid missing important information.

2. Track market activity: Set up alerts for price changes and closely monitor buy/sell levels through the order book. Understanding the flow of the market will help you identify optimal entry and exit points.

3. Stick to your trading plan: Avoid making impulsive decisions during periods of high volatility. Stick to your predefined strategy, whether you aim to buy on dips or take profits during price surges.

Significant milestone for both the project and its community

Anastasiia Chabaniuk Author, Financial Expert at Traders Union

The upcoming MemeFi Coin listing on November 22, 2024, marks a pivotal moment for the project and its community. Such listings on major exchanges generally offer increased liquidity, which allows for smoother trades and reduces slippage. This can attract a broader range of investors and enhance market visibility, resulting in higher trading volumes. For early adopters, this presents a chance to engage with a potentially undervalued asset before the broader market catches on, creating unique opportunities for profits.

However, with this opportunity comes market volatility, a common occurrence during token listings. Prices may experience significant fluctuations in the first few hours or days due to speculative buying and selling. This requires traders to approach with strategic caution, ensuring they have a clear entry and exit plan to avoid emotional decision-making during sharp price movements.

The simultaneous airdrop is a well-thought-out strategy to reward early supporters and strengthen the project's community engagement. By offering tokens to early backers, MemeFi is fostering loyalty and trust within its ecosystem. This approach not only brings in new investors but also re-engages existing community members, laying a solid foundation for long-term growth.

While the listing could lead to a surge in MemeFi activity, careful planning is essential for those participating to navigate the expected price swings and capitalize on the potential gains. The airdrop also contributes to building a resilient community, which is a positive indicator for the project's future success.

Summary

The MemeFi token listing on November 22, 2024, marks an important milestone for the project. With its play-to-earn model and strong community engagement, the listing is expected to boost liquidity and increase trading volume for MEMEFI. The upcoming airdrop will further solidify its foundation, re-engaging players and early supporters.

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Team that worked on the article

Parshwa Turakhiya

Author at Traders Union

Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.

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Chinmay Soni

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Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito

Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Glossary for novice traders

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Volatility

Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.

Bitcoin

Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.

Ethereum

Ethereum is a decentralized blockchain platform and cryptocurrency that was proposed by Vitalik Buterin in late 2013 and development began in early 2014. It was designed as a versatile platform for creating decentralized applications (DApps) and smart contracts.

Pre-Market Trading

Pre-market trading refers to trading activity in financial markets before the official opening of the regular trading session, allowing investors to react to pre-market news and events.