With the increasing popularity of meme coins, it would be no surprise to see meme coins in major index funds in the future. Meme Index has gotten a head start on this, bringing together four major offerings, exposing investors to a variety of baskets ranging from low to high volatility.
After BTC’s rise to the $100k level, investors seem bullish on the potential of meme coins again and speculate the Meme Index to be a huge success for the same reason too.
The First Ever Decentralized meme coin Index
Meme Index claims to be the world’s first-ever decentralized meme coin index, which already gives it an edge over its potential counterparts. The project aims to create an ecosystem where investors will have easy access to investing in meme coins all from a single place.
The most important factor that developers took into consideration while creating Meme Index was the risk involved in meme coin investing. Many investors often seek large-cap meme coins to mitigate risk, while some go for high-risk, high-reward tokens.
Meme Index allows each investor to make their own choice by offering exposure to four strategically created meme coin indexes. They are:
Meme Titan Index
The Titan Index is what one may consider the blue-chip fund for meme coins. This index holds a portfolio of meme coins that have already established themselves as leaders in the category.
They include projects like Dogecoin, Shiba Inu, Pepe, and other such tokens that have already crossed the $1 billion market cap and are slightly less prone to high volatility. This may not necessarily mean that the Meme Titan will produce steady returns at all times, since the crypto market as a whole is volatile, but it will still be the safest bet when it comes to investing in a basket of meme coins.
Meme Moonshot Index
This index boasts a variety of meme coins that are not yet what one would consider a large-cap memecoin, but rather one that could make the cut soon. The meme coins in this basket do not necessarily boast a market cap of over $1 billion but still have a substantial valuation ranging from $250 million to $700 million.
Those who see potential in the emerging tokens and believe that they could soon make it to the $1 billion range can invest in this index.
Meme Midcap Index
These are high-potential meme coins that have shown significant growth lately and could make it to the upper indexes within short time frames. They would have a market cap of under $250 million, making it a slightly riskier bet but still a pretty lucrative one.
Those who are willing to risk taking some losses initially for unexpected or major gains can consider the Meme Midcap Index. This index will mostly feature trending tokens that are yet to be listed on major exchanges, which would mean huge upside potential for the tokens in the near future.
Meme Frenzy Index
This index is perfect for those who are comfortable risking funds for 10x or 100x gains. The meme coins in this index will most likely be brand new, with super low market caps, essentially meaning high volatility and high risk—but at the same time, considerable profit potential.
Meme Frenzy is the most volatile index out of all the four but could be just as rewarding if even one of the tokens in the basket blows up, since such small projects may see huge pumps if they do manage to rise in value.
The MEMEX Token and Its Features
The MEMEX Token is what powers the entire Meme Index ecosystem. Only holders of the MEMEX token shall be eligible to park their funds into one of the four indexes and potentially generate returns from the baskets. Token holders will also be able to enjoy staking rewards during the ongoing presale as well as after it concludes.
With an audited contract, the token presale kicked off some time ago and has already raised upwards of $160k, showing major support from its community. Built on the Ethereum blockchain, MEMEX has managed to position itself as an emerging name within the meme coin presale space. It is already featured on leading websites and is likely to go viral on social media platforms soon too, given the increasing engagement it has been gaining lately.
Tokenomics for the MEMEX tokens have been set carefully too, prioritizing its community and developmental growth. The presale is set to distribute only 15% of the total supply, while 20% each has been allocated towards marketing, community rewards, and governance. Staking has been given the highest weightage, with 25% of the total supply. Priced at just about $0.014, the MEMEX token is at a great entry point right now.
The Community Makes All Major Decisions
The developers have taken the decentralization element of the project very seriously. Instead of setting up a team or system in place to decide the meme coins that become a part of the indexes, they have offered this power to the investors themselves. These investors will collectively be able to decide the addition and removal of tokens on each index, along with other major decisions regarding the future of the project.
Investors of MEMEX will be able to submit new proposals and vote on each new meme coin in the baskets, ensuring that the community collectively holds the power to make profits for themselves, offering autonomy over the project for holders.
With a growing community, the Meme Index project could have quite a strong journey going forward. To learn more about the project and potentially invest in the token, investors may consider following the social media channels of Meme Index on platforms like Twitter and Telegram.
