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Market News

MemeFi Releases Criteria for Upcoming Airdrop

Participants can qualify based on their total purchases and the number of MemeFi coins they hold.

Written By:
Iyiola Adrian

Reviewed By:
Dhara Chavda

Last updated: October 18, 2024 1:16 AM
Published 2024-10-17
Share
Last updated: October 18, 2024 1:16 AM
Published 2024-10-17
MemeFi Releases Criteria for Upcoming Airdrop

MemeFi has announced the criteria for its upcoming airdrop. According to the release, approximately 85% of the total $MEMEFI token supply is allocated to the Telegram user base, while 5% is reserved for Web3 community​. However, some criteria will remain classified to prevent exploitation.

MemeFi's Twitt
Source: X

Core eligibility criteria for Telegram users include the total value of all purchases and the amount of coins held, with participants qualifying by meeting either condition. 

Only those who have accumulated a minimum number of coins will be considered for the airdrop. Additionally, top players will receive rewards in a non-linear fashion based on their coin totals.

Bonus criteria for Telegram app users will include participation in on-chain transactions, giveaways, and membership in MemeFi Premium. Notably, the allocation for Telegram users is significantly larger due to the vast user base.

For the Web3 community, the 5% allocation requires meeting core criteria such as testnet points, mainnet points, and ownership of specific NFTs.  

Additional criteria include holding an ERC-404 branded NFT, Website Fortune Wheel tokens, Elite and Royal NFTs, and possessing a Discord OG role. Fulfilling any of these conditions will qualify participants for the airdrop.

Regarding distribution methods, the testnet airdrop will use a non-linear approach with a minimum cutoff of 2,000 points, while the mainnet will have a tiered structure with five user classes based on points, without a cutoff. there will also be a Galxe airdrop calculated based on the supply chosen for the Galxe quest.

Also Read: Hyperliquid Announces HYPE Airdrop Ahead of HyperEVM Launch

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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