Meme Kombat ($MK) is a new meme coin that offers high staking rewards, boasting an impressive 477% annual return (APY). His presale, launched two months ago, has already raised more than 2 million dollars. Investors are thrilled with its betting feature, which adds extra excitement
to the project.
Table of Contents:
Meme Kombat features
The Meme Kombat project has two main components: a play-to-earn (P2E) game and a betting platform, both centered on memes.
P2E game
Users collect and fight with meme-themed NFTs that represent popular memes like Doge, Distracted Boyfriend, and Woman Yelling at Cat. These NFTs have different stats and abilities that influence their performance in battles. Players can win MEMEKOMBAT tokens, the project’s native cryptocurrency, by participating in battles
and tournaments.
Betting platform
Users can bet MEMEKOMBAT tokens on the outcomes of battles between other players’ NFTs. This adds a level of excitement and potential to earn additional tokens. The platform also offers options for staking tokens to earn passive income
.
Usefulness of the $MK token
Utilities in the game
$MK is the primary currency used to buy and power meme-themed NFTs, fundamental elements of the P2E game.
Usefulness in the betting platform
$MK is the fuel for the betting platform, allowing users to bet on the outcomes of battles between other players’ NFTs.
Staking
By holding $MK and locking it in the staking pool, users can earn passive income in the form of additional $MK tokens, based on a high annual percentage return (APY).
Governance
The $MK token will serve as a governance token on the Meme Kombat platform. $MK holders can participate in the project’s decentralized autonomous organization (DAO), influencing key decisions such as functionality development and resource allocation
.
Price performance
- All-time high: $0.9171 (9 March 2024)
- All-time low: $0.06806 (14 April 2024)
Tokenomics by Meme Kombat Coin
Meme Kombat’s tokenomics structure is designed with strategic allocations to ensure a robust ecosystem.
- 50% of the total token supply is dedicated to the $MK presale, with the aim of involving all presale participants in the Meme Kombat platform.
- In addition, 30% of the supply is allocated to staking and battle rewards, promoting the sustainability and balance of the ecosystem.
- Another 10% is allocated for DEX pairing, making it easier to participate in liquidity pools on decentralized exchanges.
- Underlining community commitment, 10% of the tokens are allocated for community rewards, aligning with Meme Kombat’s ethic centered on active participation and appreciation for exciting battles within the community.
Meme Kombat Price Prediction: Will It Reach $1?
Meme Kombat Coin was launched at $0.279. From this price, the Meme Kombat coin will only have to increase by about 3.5 times. A meme coin immediately after its launch has generally seen a massive increase, such as the Pepe coin, which rose by more than 900% immediately after it was listed for trading. Therefore, the chance of Meme Kombat reaching $1 after launch is
highly likely.
Roadmap
Pre-sale launch — Q3 2023
- Objective: Start Meme Kombat through a token presale.
- Details: 50% of the $MK tokens are available for pre-sale, fueling the launch of the platform.
- Result: The successful presale ensures essential funds and community support for the development of the platform.
Platform launch — Q1 2024
- Objective: To officially launch the Meme Kombat platform.
- Details: Pending the sold out of the presale, the launch of the platform is scheduled for Q1 2024.
- Result: The launch of the platform introduces battles, staking, and initial functionality.
Season 1 — Immediate post-launch
- Objective: To inaugurate the first season of Meme Kombat.
- Details: Season 1 begins immediately after the platform launches, with battles and rankings.
- Outcome: Establishes gameplay, attracts players, and fosters community engagement.
Season 2 — Q2 2024
- Objective: Launch the second season with improved functionality.
- Details: Season 2 follows the success of Q1, introducing new battles and rewards.
- Result: Strengthens Meme Kombat’s presence in blockchain gaming, emphasizing innovation.
Future development
- Continuous updates: Evolution of the platform, gameplay and tokenomics.
- Community engagement: Community feedback shapes future features and seasons.
- Expansion plans: Beyond 2023, potential new models, partnerships and developments.
Meme Kombat Price Prediction: Is It Legit?
Founders profile: Matt Whiteman
Meme Kombat commissioned Coinsult to audit the contract. The audit was carried out on the Ethereum address 0x9fdfb933ee990955d3219d4f892fd1f786b47c9b. The token symbol is MK with a supply of 120,000,000
tokens.
The audit found that the smart contract needs to manually enable trading before anyone can buy or sell. If the owner must manually enable trading, this represents a high risk of centralization. Coinsult has not KYC verified
the contract.
In addition to these, the Coinsult audit found several positive aspects of the contract. These include:
- The owner does not have the authority to mint new tokens.
- The owner cannot blacklist addresses.
- The owner cannot be excluded from taxes.
- The landlord is restricted from pausing the contract.
- The owner cannot set the maximum amount of the transaction.
Meme Kombat represents an attractive investment opportunity thanks to its combination of high-yield staking and an innovative play-to-earn gaming ecosystem. However, as with all pre-sale cryptocurrencies, it’s essential to conduct a thorough analysis before investing. Information about cryptocurrencies in presale is often limited and uncertain, and many recent presales turned out to be scams or collapsed shortly after launch. We recommend that you consult a registered financial advisor to guide your financial decisions.
