Memeland Gears Up for MEME Fire Sale
Memeland announced more details about its exclusive community presale dubbed the "Fire Sale," offering $MEME token lots at a fixed price for a limited duration.
The Deets
- Event Duration: 28 hours, starting October 25, 2023, 11:00 p.m. ET until October 27, 3:00 a.m. ET.
- Pricing: Each lot priced at $300, offering 300,000 $MEME.
- Allocation: Allowlist members guaranteed lots; Waitlist members to participate in a raffle with potential 6.9X boost.
- Token Claim: $MEME claimable post-Fire Sale, but must be claimed within 14 days or will be refunded.
The Bulk
The long-awaitied Memeland Fire Sale is set to last 28 hours and is designed to give early supporters and community members a unique opportunity to acquire $MEME tokens at a set price of $300 per lot, which consists of 300,000 $MEME.
A significant feature of the Fire Sale is its two-tiered system: the Allowlist and the Waitlist. Members on the Allowlist have a guaranteed allocation, ensuring they can purchase their desired lot without the typical sale frenzy. In contrast, the Waitlist is non-guaranteed and operates on a raffle system. Participants paying within the first hour of the Fire Sale get a boosted chance in the raffle by 6.9 times.
When it comes to tokenomics, the Fire Sale will have a supply of 7,590,000,000 $MEME, representing 11% of the total token supply. The initial unlock on Day 1 will be 2.75% of the total supply. Over the next 18 months, the remaining amount will gradually be made available.
❗Why It Matters
The Memeland community has been waiting a long time for the $MEME token and the upcoming Fire Sale and the initial reactions and execution of the Fire Sale may play a crucial role in determining short-term price action for the Memeland ecosystem NFTs.
💰 Money Talks
The price per $MEME is set at $0.001 based on the initial tokenomics.
🔜 What's Next?
The Memeland community snapshot will take place in approximately one hour at 11:00 a.m. ET. Purchasing NFTs post-snapshot will exclude participants from the Fire Sale but they will retain airdrop rights. Also, all unrevealed Maps and Valuables will be auto-revealed by the system, and generation of Maps, Valuables, and Potions will be temporarily halted.
🎬 Take Action
For those interested in participating in the Fire Sale, remember to be online when the URL is announced 2 hours before the event.
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