What is MemeFi (MEMEFI)?

What is MemeFi?

(Source: memeficlub)

MemeFi is not just a simple GameFi project, but a comprehensive virtual world that combines gameplay, social finance, and DAO governance. In this world, players are not only fighters but also content creators, economic participants, and the core of value flow.

The main focus of the game is on PvP and PvE battles, but what makes MemeFi special is that it incorporates a layer of social economic system, which binds the performance, popularity, and earnings of players through a Key mechanism, allowing players to invest in each other and share in the profits. In the world of MemeFi, every player is like an internet celebrity, and their performance and presence will directly affect token rewards and key value returns, all driven by a decentralized mechanism and MEMEFI token.

The core gameplay of MemeFi

The key innovation of MemeFi lies in the design of the key system, where these Keys are not just virtual items, but a form of participation that allows you to share in the gaming profits of a certain player. The function of the Key and the economic model are as follows:

• Revenue Participation: By holding a certain player’s Key, you can receive a portion of that player’s game income.
• Arbitrage trading: As players’ performance improves, the value of its Key will increase, and holders can choose to resell for profit.
• Liquidity Fee: Players can collect a transaction fee each time a Key is traded.
• Performance is value: Your strength, performance, and popularity determine the value and attractiveness of your Key.
• Social Binding: The Key mechanism encourages players to establish fan relationships, realizing a trust-based gaming investment behavior.

These designs make MemeFi a world that combines both gaming and financial aspects, and can even be seen as a pioneer of Play-to-Influence.

Key economic social incentive effect

MemeFi turns social influence into tradable and revenue-generating assets. This model is fundamentally different from traditional play-to-earn, resembling more of a game of community and popularity.

• The stronger the player → The value of Key increases → More people buy → Player earnings improve
• The more popular the players → The more frequent the key transactions → Increased community interaction → Enhanced player brand value
• Players can invest in others → Diversify risks, mutual benefits → Create network effects

This design encourages players to not only be strong but also to manage themselves and possess social capital.

Built-in wallet and user experience optimization

To lower the barrier to entry, MemeFi provides a built-in Account Abstraction Wallet, divided into five major modules:

1. Main Wallet: Display and manage held assets.
2. $PWR Wallet: Records the balance of virtual stablecoins.
3. Key Wallet: View and manage the held Keys.
4. Reward Wallet: Manage the earnings from daily tasks and battles.
5. Earnings Wallet: Displays Key profit-sharing income and rewards available for claim.

A wallet is created and a mnemonic phrase is sent from the moment of registration, allowing players to avoid additional plugin installations or platform redirections, greatly simplifying the experience process, making it friendly for Web3 beginners.

MemeFi’s tokenomics

According to official information, the maximum supply of $MEMEFI is 10 billion, and it will be fully circulated at the TGE (Token Generation Event). The overall distribution is as follows:

90% Community Participation: This portion of tokens is used for in-game rewards, player activities, and GameFi ecosystem operations. It is the absolute main component of the overall token distribution, demonstrating the team’s commitment to a community-led economy.

5.5% Liquidity / CEXs: Used for initial liquidity construction and exchange listing.

1.5% Seed Round: Initial funding support, low proportion, reducing the risk of selling pressure.

1% Strategic Partnership: Allocated to early resource-based strategic partners to expand the application layer.

1% Early Adopter: Rewards given to early participants to enhance engagement and contribution.

1% Partners: Reserved for technical/eco-alliance and partners.

(Source: docs.memefi)

This allocation structure presents a strong community-oriented spirit, with over 90% of the tokens being returned to the game participants themselves, rather than to the team or capital.

Multi-Currency Systems and Application Scenarios

MemeFi operates with a dual-token system, consisting of $MEMEFI and $PWR.

$MEMEFI (main token)

As the core token of the platform, it has the following uses:

• Governance Voting and DAO Participation
• as in-game purchase currency (NFTs, items, etc.)
• Player Revenue Distribution and Key Profit Sharing
• Staking Mining and Yield Farming Features
• Character growth and ability unlocking resources

$MEMEFI has a fixed supply, designed with scarcity, serving dual functions as a store of value and a participation ticket.

$PWR (virtual stablecoin)

to use an internal stablecoin (1 PWR = $0.001) for measuring and paying various operational costs, such as:

• The entry fees for Boss Raid and Clan Raid
• Purchase of small-value props and services
• Daily game interaction consumption

$PWR is not an independent token on the blockchain, but rather an in-account settlement currency used to maintain price stability and user experience within the game.

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Summary

As GameFi gradually evolves from pure Play-to-Earn to Play-and-Engage, MemeFi offers another imaginative path for Web3 games through its keys, social connections, dual-currency economy, and fair and transparent profit-sharing logic.