MemeFi ClubClaim MemeFi Airdrop On Sui!
On-chain is simple. Let’s see how you can claim your airdrop in a few clicks!Create an OKX Wallet!You can get the OKX app on the official website or use the official Telegram app The process is as straightforward as it gets: Choose Wallet on topCreate a new one or import your wallet via seed phraseYou’ll be subject to the standard wallet creation or import steps. If you’re creating a new one, don’t forget to back up your seed phrase on paper!OKX is a multichain wallet that allows you to inter...
MemeFi ClubMeet $MEMEFI: A Detailed Tokenomics Breakdown
MemeFi has built an ecosystem of consumer apps on Telegram, with the $MEMEFI token serving as your gateway to the value it generates. The token launched on the Sui network with a total supply of 10,000,000,000.Token Distribution$MEMEFI was designed as a community token. At TGE, 90% was allocated to the MemeFi community, putting the decision-making power in users' hands.Token AllocationsRaise: 4.5% (distributed among MemeFi investors)Liquidity: 5.5% (used for market making, CEX listings, ...
MemeFi ClubMemeFi Airdrop Criteria Revealed
Dear MemeFi Community,We've been working tirelessly to ensure your mining efforts are properly rewarded. The design of this airdrop has been a matter of extensive debate, discussion, and research. Learning from past failures, we're putting immense effort into realizing this once-in-a-lifetime opportunity for both you and us. This will be a complex, non-linear, weighted airdrop taking into account data spanning all areas of the MemeFi ecosystem. To prevent exploitation by cheaters an...
Meme token battle arena in the wild & chaotic lands of MemeFi.
MemeFi ClubClaim MemeFi Airdrop On Sui!
On-chain is simple. Let’s see how you can claim your airdrop in a few clicks!Create an OKX Wallet!You can get the OKX app on the official website or use the official Telegram app The process is as straightforward as it gets: Choose Wallet on topCreate a new one or import your wallet via seed phraseYou’ll be subject to the standard wallet creation or import steps. If you’re creating a new one, don’t forget to back up your seed phrase on paper!OKX is a multichain wallet that allows you to inter...
MemeFi ClubMeet $MEMEFI: A Detailed Tokenomics Breakdown
MemeFi has built an ecosystem of consumer apps on Telegram, with the $MEMEFI token serving as your gateway to the value it generates. The token launched on the Sui network with a total supply of 10,000,000,000.Token Distribution$MEMEFI was designed as a community token. At TGE, 90% was allocated to the MemeFi community, putting the decision-making power in users' hands.Token AllocationsRaise: 4.5% (distributed among MemeFi investors)Liquidity: 5.5% (used for market making, CEX listings, ...
MemeFi ClubMemeFi Airdrop Criteria Revealed
Dear MemeFi Community,We've been working tirelessly to ensure your mining efforts are properly rewarded. The design of this airdrop has been a matter of extensive debate, discussion, and research. Learning from past failures, we're putting immense effort into realizing this once-in-a-lifetime opportunity for both you and us. This will be a complex, non-linear, weighted airdrop taking into account data spanning all areas of the MemeFi ecosystem. To prevent exploitation by cheaters an...
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Meme token battle arena in the wild & chaotic lands of MemeFi.
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PLAY!
Learn how to get into the game here:
https://mirror.xyz/memeficlub.eth/hY6kOmza2licABZN60k-8sufX90uk74veo_Z-7KSFgc
There are two ways to earn in MemeFi:
Rewards from Missions
Keys
They are intertwined, so you need to know about both to max out returns.
There are two missions you really care about: Boss Fights & Clan Raids.
Boss Fights
Navigate to Boss Fights via Main Menu >> Boss Fight
Click Attack for X PWR >> Confirm
PWR (=$0.001) is a virtual (off-chain) stable token spent in missions. The more PWR you can spend, the better for you return. This value, called strength, depends on your 1) max historical PWR balance 2) your level
Wait for the animation to proceed
The battle outcomes are probabilities: they are calculated based on your strength and the boss’ strength.
The exact formula is p = yourStrength/(enemyStrength + yourStrength)
Boss Fight Rewards
Once you deposit ETH and buy PWR, you can spend a fixed amout of it, called strength, on the boss mission. It determines your expected daily return.
To learn how long the reward cycle is, divide your maximum historical balance by your strength. A full cycle will give you 100% to your PWR deposit. The inverse of the reward cycle (1/numberOfDays) is your daily return.
A part of your rewards is distributed between keyholders, equally per each key.
You can increase your daily return by upgrading levels in your Profile (the upper left corner of the Main Menu). You can also receive additional return by buying keys, hence receiving yield from them.
You can claim your reward in the Rewards tab of your Wallet.
The rewards are first deposited to your clan’s treasury, where they can decrease or increase (both by less than 5%) due to clan raids. The rewards are available for claim on the third day after you completed the mission.
Clan Raids
Navigate to Clan Raids via Main Menu >> Clan Raid
Click Attack for X PWR >> Confirm
PWR (=$0.001) is a virtual (off-chain) stable token spent in missions. The more PWR you can spend, the better for you return. The value you spent in clan raids depends on 1) your weight in the clan’s total PWR 2) the amount the clan memelord has set to initiate the raid
That’s it! You can return to the main menu now.
The battle outcomes are probabilities: they are calculated based on your clan’s strength and the enemy clan’s strength. The exact formula is p = yourClanStrength/(yourClanStrength + enemyClanStrength). The reward is variable, but is not more than 5% of the enemy treasury.
Clan Raid Rewards
Clan raids are initiated by memelords. They allow clans to steal rewards from another clan’s treasury (<5%).
Both clan have strengths that depend on their memebers’ PWR. While the defender clan’s strenght is calculated as a percentage of their total PWR, the attacker strength is set by the memelord.
Keys are a super weird mechanic that lets you get your rewads soo much higher.
Keys are basically “shares” of users that are minted on demand. The user’s rewards are divided into two parts: base rewards and surplus. The surplus is shared per key in equal parts. So, if a user has high rewards, you can get some of that by buying their keys.
To make it clear, let’s have a look at an example:
The supply of this player keys is 43, which means the surplus will be divided between 43 keys.
The player owns 31 of their own keys, which means they will receive their base reward and 31/43 ~ 72% of their surplus rewards.
The rest (28%) will be distributed among their key holders as yield.
In the Statistics tab, you can see the total amount of PWR this player has:
At the current rate, this is equal to ~$1500, which will be distributed among keyholders in the reward cycle (the timespan until their PWR supply is exhausted).
As of now, one reward cycle gets the player a 100% profit (that’s 365% APR btw). Per key, the total yield is $1500/43 ~= $35 (their profit divided by the number of keys) in the reward cycle.
Key price
The key price is governed via a qudratic bonding curve. What does it mean? It grows faster and faster with each buy.
You can see that the key of a player above, with a supply of 43, is worth almost $350!
Why buy other players’ keys?
Speculating on key value
For some reason (this key offers good yield or it’s from an influencer account), you expect the key price to grow. Buy the key and sell when you think the value is good.
Getting yield
Generally, when you see a new player with a cheap key and a lot of PWR, it’s a good idea to buy a bunch. You’ll be getting regular yield from this player.
Exploring players
There are two very important tools that could help you out find good key deals:
The Explore tab
Here you’ll be able to sort players according to 1) the value of the keys they hold 2) the trading volume & 3) account creation date, as well as see new trades.
The Leaderboard
The Leaderboard may also be of help, with users ranked according to their strength & PWR, key value and earnings.
This is it for today! GL in MemeFi & may the pump be with you and your keys!
PLAY!
PLAY!
Learn how to get into the game here:
https://mirror.xyz/memeficlub.eth/hY6kOmza2licABZN60k-8sufX90uk74veo_Z-7KSFgc
There are two ways to earn in MemeFi:
Rewards from Missions
Keys
They are intertwined, so you need to know about both to max out returns.
There are two missions you really care about: Boss Fights & Clan Raids.
Boss Fights
Navigate to Boss Fights via Main Menu >> Boss Fight
Click Attack for X PWR >> Confirm
PWR (=$0.001) is a virtual (off-chain) stable token spent in missions. The more PWR you can spend, the better for you return. This value, called strength, depends on your 1) max historical PWR balance 2) your level
Wait for the animation to proceed
The battle outcomes are probabilities: they are calculated based on your strength and the boss’ strength.
The exact formula is p = yourStrength/(enemyStrength + yourStrength)
Boss Fight Rewards
Once you deposit ETH and buy PWR, you can spend a fixed amout of it, called strength, on the boss mission. It determines your expected daily return.
To learn how long the reward cycle is, divide your maximum historical balance by your strength. A full cycle will give you 100% to your PWR deposit. The inverse of the reward cycle (1/numberOfDays) is your daily return.
A part of your rewards is distributed between keyholders, equally per each key.
You can increase your daily return by upgrading levels in your Profile (the upper left corner of the Main Menu). You can also receive additional return by buying keys, hence receiving yield from them.
You can claim your reward in the Rewards tab of your Wallet.
The rewards are first deposited to your clan’s treasury, where they can decrease or increase (both by less than 5%) due to clan raids. The rewards are available for claim on the third day after you completed the mission.
Clan Raids
Navigate to Clan Raids via Main Menu >> Clan Raid
Click Attack for X PWR >> Confirm
PWR (=$0.001) is a virtual (off-chain) stable token spent in missions. The more PWR you can spend, the better for you return. The value you spent in clan raids depends on 1) your weight in the clan’s total PWR 2) the amount the clan memelord has set to initiate the raid
That’s it! You can return to the main menu now.
The battle outcomes are probabilities: they are calculated based on your clan’s strength and the enemy clan’s strength. The exact formula is p = yourClanStrength/(yourClanStrength + enemyClanStrength). The reward is variable, but is not more than 5% of the enemy treasury.
Clan Raid Rewards
Clan raids are initiated by memelords. They allow clans to steal rewards from another clan’s treasury (<5%).
Both clan have strengths that depend on their memebers’ PWR. While the defender clan’s strenght is calculated as a percentage of their total PWR, the attacker strength is set by the memelord.
Keys are a super weird mechanic that lets you get your rewads soo much higher.
Keys are basically “shares” of users that are minted on demand. The user’s rewards are divided into two parts: base rewards and surplus. The surplus is shared per key in equal parts. So, if a user has high rewards, you can get some of that by buying their keys.
To make it clear, let’s have a look at an example:
The supply of this player keys is 43, which means the surplus will be divided between 43 keys.
The player owns 31 of their own keys, which means they will receive their base reward and 31/43 ~ 72% of their surplus rewards.
The rest (28%) will be distributed among their key holders as yield.
In the Statistics tab, you can see the total amount of PWR this player has:
At the current rate, this is equal to ~$1500, which will be distributed among keyholders in the reward cycle (the timespan until their PWR supply is exhausted).
As of now, one reward cycle gets the player a 100% profit (that’s 365% APR btw). Per key, the total yield is $1500/43 ~= $35 (their profit divided by the number of keys) in the reward cycle.
Key price
The key price is governed via a qudratic bonding curve. What does it mean? It grows faster and faster with each buy.
You can see that the key of a player above, with a supply of 43, is worth almost $350!
Why buy other players’ keys?
Speculating on key value
For some reason (this key offers good yield or it’s from an influencer account), you expect the key price to grow. Buy the key and sell when you think the value is good.
Getting yield
Generally, when you see a new player with a cheap key and a lot of PWR, it’s a good idea to buy a bunch. You’ll be getting regular yield from this player.
Exploring players
There are two very important tools that could help you out find good key deals:
The Explore tab
Here you’ll be able to sort players according to 1) the value of the keys they hold 2) the trading volume & 3) account creation date, as well as see new trades.
The Leaderboard
The Leaderboard may also be of help, with users ranked according to their strength & PWR, key value and earnings.
This is it for today! GL in MemeFi & may the pump be with you and your keys!
PLAY!
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