A new protocol aiming to index the meme coin market has raised $3.4 million during its presale phase.
Meme Index (MEMEX) structures investments across multiple meme coin categories, from established coins to new tokens, via a unified platform.
Meme Index’s four-tiered strategy aims to disrupt meme coin investing
Meme Index’s team seeks to bring structure to meme coin investing through four curated token portfolios.
This setup means that rather than buying individual coins like DOGE or PEPE, investors can gain exposure to multiple meme coins at the same time.
Meme Index divides the market into four categories based on market cap and risk level.
Its flagship “Titan Index” focuses on household names like Dogecoin, while the “Moonshot Index” targets mid-sized projects valued between $250 million and $1 billion.
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For those seeking higher-risk opportunities, the “Midcap Index” includes emerging tokens valued between $50 million and $250 million.
Lastly, the “Frenzy Index” caters to those interested in more speculative projects.
This tiered approach lets investors choose their preferred risk level while maintaining diversified exposure to the meme coin sector.
Meme Index’s protocol also has a governance system where MEMEX token holders can vote on which coins should be added to or removed from each index.
This system helps keep the indexes current and regularly updated.
Built-in staking program helps Meme Index raise $3.4m in presale
Meme Index’s staking program has also been a significant draw for early investors.
It offers estimated annual yields of 667% while the presale is ongoing.
These rewards will decrease gradually as more investors stake their MEMEX, creating an incentive for early adoption.
A quarter of the total token supply – 3.75 billion MEMEX – has been set aside specifically for staking rewards over three years.
Meme Index’s presale has now raised $3.4 million since it went live.
The current presale price is $0.0159077, and investors can participate using ETH, USDT, BNB, or a bank card.
Meme Index has also partnered with Best Wallet so that app users can buy MEMEX tokens directly.
Looking ahead, the team has outlined plans for a post-presale exchange listing.
They have yet to reveal a listing date – keeping the community guessing how long the presale will last.
According to Meme Index’s whitepaper, the team has set aside 20% of the MEMEX supply for ongoing marketing campaigns.
Another 20% will be used for community rewards and incentives.
Meme Index’s community-focused model differentiates the platform from centralized rivals
While several exchanges have experimented with meme coin indexes, Meme Index takes a different approach.
It puts investment decisions directly in the hands of the community.
Big names like BitMEX and VanEck offer similar products but rely on fixed weightings and centralized teams to make all the calls.
Meme Index’s decentralized strategy may offer benefits in the meme coin market, where new tokens often launch and fizzle out within weeks – or even days.
Instead of waiting for periodic updates from exchange teams, MEMEX holders can quickly adapt to market shifts by voting on which tokens make it into each index.
This flexibility, together with Meme Index’s tiered risk system, introduces an alternative approach to meme coin investing.
The meme coin sector often draws criticism for its lack of real utility.
While most of these coins exist purely for speculation, Meme Index’s platform may attract investors who have previously avoided the sector.
That’s helped the ongoing MEMEX presale attract over $3.4 million from early backers.