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Revealed: September 26, 2023 at 8:03 am Up to date: September 26, 2023 at 8:04 am
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The crypto market has a brand new meme coin contender as the continued Meme Kombat token ICO is producing curiosity from early whales.
The undertaking is an amalgamation of a number of the hottest ideas within the cryptocurrency market – capitalizing on tendencies like meme cash, stake-to-earn, GambleFi and synthetic intelligence.
The Meme Kombat presale has to this point raised over $50,000 in just some days since going reside on September twenty first.
The Crypto Whale Pumps neighborhood on Telegram, with over 25k subscribers, is hyped in regards to the undertaking, with its admin saying that he has already made a large funding into it. He had beforehand praised Meme Kombat’s “huge” development potential, highlighting options like its staking mechanism and the play-to-earn utility.
Equally, common crypto YouTuber Jacob Bury, who has over 22k subscribers and a robust observe report of selecting uncommon crypto gems, believes that $MK may have 100x potential after its launch.
New Meme Coin $MK’s Ecosystem
Bitcoin’s lack of upside prior to now few months drove buyers in the direction of increased volatility crypto property. Moreover, Pepe’s extraordinary 10,000% rally in Might of this 12 months shocked the market, marking the onset of the “meme coin mania”.
Specifically, meme tokens paying homage to well-known fictional characters – similar to Spongebob, Floki and Wojak – have seen super success in current occasions. Certainly, these characters have a longtime world fan following, which performs a vital position in boosting the worth of their respective tokens. Even Pepe’s meteoric rise had nothing extra to it than the recognition of Pepe the Frog memes.
Now, Meme Kombat is leveraging the hype round all these profitable meme tokens and rolling them into one blockbuster undertaking. The platform will function a digital battle enviornment and the characters representing numerous meme cash will interact in an unpredictable and AI-simulated battle, permitting customers to wager on the result of the consequence.
The Season 1 of Meme Kombat – which begins instantly after the token’s launch – already options characters like Milady, Doge, Child Doge, Floki, Kishu, Mong, Pepe, Sponge and Wojak.
The automated battles between the characters will make the most of a mix of blockchain know-how and synthetic intelligence – the previous making certain transparency within the betting course of and real-time updates, whereas the latter including pleasure by means of dynamic visualisation and randomized sequencing.
Combining a number of beloved characters into one token is a current pattern amongst new meme cash – tokens similar to HarryPotterObamaSonic10Inu have adopted this components, which led to super success. HPOS10I managed to amass a $200 million market cap at its peak, even with out the Play-to-Earn or staking utility supplied by Meme Kombat.
Fashionable merchants like Crypto Boy are bullish on $MK and are calling it among the best new crypto gaming tasks in the marketplace.
Meme Kombat’s 112% APY, P2E Makes It The Good Token For The Bear Market
As already talked about, everybody from crypto whales to YouTubers is excessive on Meme Kombat’s worth potential. Nevertheless, the bearish currents within the crypto market have led buyers to search out alternate sources of earnings, which is why $MK’s on-chain staking mechanism – which gives an APY of 112% – is gaining main traction.
Each buy in the course of the presale will mechanically be staked and the patrons will begin to accrue the rewards. Upon the completion of the ICO, the client could have two selections – they may restake their tokens for one 14-day lengthy locking interval and subsequently declare all of the rewards accrued for the reason that presale. Or, they may take away their tokens from the staking pool and forego their earnings.
It goes with out saying that the previous technique results in the utmost advantages – nevertheless, the undertaking offers buyers the second option to quell any fears relating to a possible rug pull.
Gamers staking their tokens after the community launch have the choice to allocate a portion of their funds particularly in the direction of betting. They will then guess in opposition to different opponents in reside occasions, guess in opposition to the sport itself, place wagers on particular characters or interact in aspect motion betting.
30% of the complete $MK token provide has been allotted to staking and betting rewards, providing ample alternative for gamers to beef up their returns.
Doxxed Group, Safety Audit
The current $41 million hack on the Ethereum-based Stake on line casino has put the highlight on GambleFi ecosystems. To deal with these issues head-on, the developer group behind the Meme Kombat undertaking has adopted a revolutionary strategy – they’ve disclosed the identities of all members concerned within the undertaking, together with their founder Matt Whiteman.
Whiteman’s LinkedIn account has additionally been revealed, which permits buyers to have a look into his observe report and attain out to him in case of any main issues. He has been the Chief Operations Officer of Phat Loot DeFi and the North Applied sciences B.V.
In a meme coin market stuffed with rip-off tasks, revealing the totally doxxed group is an unprecedented however welcome transfer. In actual fact, even the group members behind the favored Pepe coin are nameless, which led to the current fiasco when its devs offered $15.8 million value of $PEPE holdings and the neighborhood members may do nothing about it.
Then again, Meme Kombat’s transfer highlights the group’s community-centric and long-term intentions behind the undertaking.
$MK’s staking utility additionally incentivizes buyers to carry their tokens for lengthy durations, which protects the meme coin from any pump-and-dump motion after its launch. The usage of blockchain know-how – due to its immutability and decentralized nature – additionally brings transparency to the Play-to-Earn course of.
Lastly, the token good contract has been audited by safety firm Coinsult, which discovered no main vulnerabilities or centralisation dangers.
Briefly, Meme Kombat gives an immersive, scalable and safe gaming and crypto playing expertise, together with wonderful meme coin potential. Nevertheless, its presale has a tough cap of simply $1 million – buyers trying to get in early have a really quick window to seize $MK tokens at an inexpensive worth of $1.667.
Go to Meme Kombat Presale
Disclaimer
Any information, textual content, or different content material on this web page is supplied as normal market info and never as funding recommendation. Previous efficiency isn’t essentially an indicator of future outcomes.
The Belief Challenge is a worldwide group of stories organizations working to ascertain transparency requirements.
Damir is the group chief, product supervisor, and editor at Metaverse Submit, overlaying subjects similar to AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles entice an enormous viewers of over one million customers each month. He seems to be an professional with 10 years of expertise in search engine marketing and digital advertising. Damir has been talked about in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and different publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor’s diploma in physics, which he believes has given him the essential considering expertise wanted to achieve success within the ever-changing panorama of the web.
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Damir is the group chief, product supervisor, and editor at Metaverse Submit, overlaying subjects similar to AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles entice an enormous viewers of over one million customers each month. He seems to be an professional with 10 years of expertise in search engine marketing and digital advertising. Damir has been talked about in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and different publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor’s diploma in physics, which he believes has given him the essential considering expertise wanted to achieve success within the ever-changing panorama of the web.