After generating excitement among the cryptocurrency community thanks to its versatile approach to meme coin, Meme Index is nearing the end of its presale round. Currently priced at just $0.0166883 per token, Meme Index (MEMEX) will only be available for 13 more days.
What makes this meme coin tick with the masses, and what is its future going to be like?
Meme Index’s Formula of Meme Coin Diversification
Meme coins have always had the potential to generate massive gains, upwards of 100x when the time is right. However, the losses have been equally great, with harrowing stories of traders resorting to even self-harm after losing massive wealth.
Therefore, the key to success in meme coin lies with diversification. Traders should pick multiple meme coins at the same time. Their low cost makes it easy, and this way, the loss generated by one can be offset by the profits that others made.
However, one cannot underplay the pain of research and the additional costs that come with diversification. Transaction fees are needed multiple times, and then there is research.
Meme Index offers a better solution. It is the world’s first decentralized meme coin index, and It lets users infuse in multiple meme coins on the fly.
Not only will people have access to diverse types of meme coins, Meme Index has found a way to appease all types by offering 4 types of meme coin indices.
Decentralized Government and Multiple Meme Coin Indices
Meme coin indices aren’t novel concepts. Institutions like VanEck popularized them, showing the world that meme coins could be viable. However, the trouble with centralized meme coin indices is their rigidity. Centralized bodies only focus on technical indicators when balancing them. Furthermore, only top meme coins, like Dogecoin, are given entry.
With Meme Index, inclusion is the name of the game. The developers of this meme coin project understand that the market is flush with new meme coins, all capable of making massive gains but disappearing the next day.
Meme Titan Index
Meme Titan Index is meant for those only looking for top cryptos. It has assets like Dogecoin, Shiba Inu, Pepe, Floki, and more in it. They are essentially tokens with strong communities and a history of making massive gains.
Meme Moonshot Index
With the Meme Moonshot Index, traders get a chance to pick the meme coins that could be the next top cryptos. The index contains cryptos that are just short of being considered the biggest of the biggest meme coins. They have either made their way to tier-1 exchanges or are about to.
Meme Midcap Index
Meme Midcap Index is where traders get the first taste of the meme coin’s market volatility. Assets inside it have market caps ranging between $50 million to $250 million. These are the tokens that are often found in the top-trending spot on CoinMarketCap. They may not have any long-term use but pack huge parabolic potential.
Meme Frenzy Index
Meme Frenzy Index is for the fervent supporters of meme coins. These degens know that most meme coins wouldn’t have any value within a day, but they don’t care.
The assets inside this index are the most volatile and won’t likely exist after a day or 2. However, degens are still interested because they know when to make an exit.
Another cool attribute about Meme Index is that despite all the use cases, it hasn’t lost its jokish touch. Its social media posts are all about jokes, indicating a deep market understanding.
MEMEX – Utility Token Giving Users Control of the Indices
Index rebalancing is one of the most important concepts, and it is also the most ignored. What assets should be added to an index and which ones should be let go of – this question, within a centralized structure, often has one answer – technical indicators.
However, Meme Index takes a more community-centric approach. It lets users decide which assets to add and remove, ensuring that community sentiment is also an important factor in making this decision.
MEMEX is the governance token in Meme Index’s ecosystem. It allows users to decide which tokens to add and remove. The crypto also offers a staking perk.
Meme Index Presale Ending Soon – Only 13 Days Remaining
The Meme Index presale has been a success so far, leading many crypto analysts to highlight its long-term value.
The host highlighted that since the ecosystem is decentralized, the baskets (meme coin indices) are always dynamic, ensuring that the trending memes are always in play.
How to Buy Meme Index
Now to buy the Meme Index Token (MEMEX), the process is very simple. Users need only to visit the official website, navigate to the presale widget and connect their wallets. Then they can decide which token they want to swap for MEMEX tokens before making a purchase.
After that, they can either stake their tokens or simply buy them. Those who stake will have to wait for a week before claiming their cryptos. And those who simply buy it will be able to claim their tokens as soon as the presale concludes.
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Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involves substantial risk as the volatility of the crypto market can lead to significant losses.
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