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Meme Index raises $500k in presale for its decentralized meme coin index trading platform.
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Meme Index (MEMEX), the first decentralized meme coin indices investing platform, has raised over $500k in its presale.
The creators aim to simplify investing in meme coins while providing single-click diversification.
Meme Index: Offsetting the risk of concentrated investments
The meme coin sector reached a peak market capitalization of $137 billion in 2024, with thousands of meme coins on the market.
Meme Index aims to simplify the experience of investing in meme coins by allowing market participants to buy diversified baskets of tokens grouped by volatility. Four baskets will be available, ranging from low to ultra-high volatility.
Those with a bigger risk appetite would prefer ultra-high volatility, while more conservative investors would opt for the low-volatility basket.
Grouping meme coins into indexes aims to offset the downside risk of concentrated investments in a singular asset.
The four meme coin baskets available on Meme Index
Meme Index will offer four indexes: the Titan Index, Moonshot Index, Midcap Index, and Meme Frenzy Index. As mentioned, volatility correlates to risk level.
The Titan Index will include lower-volatility, higher-market-cap meme coins. It will consist of the top ten meme coins with a market cap over $1 billion (Dogecoin, Shiba Inu, etc.).
The Moonshot Index will move further along the risk curve, comprising meme coins listed on (or soon to be listed on) centralized exchanges but with a market cap below $1 billion.
Users seeking more volatility may opt for the Midcap Index, which will contain meme coins with a market cap between $50 million and $250 million. This basket has more room for growth but is more likely to experience significant crashes than the aforementioned two.
And for maximum risk and maximum reward potential, Meme Frenzy Index will provide exposure to micro-to-low-cap meme coins.
This approach of volatility-grouped meme baskets allows investors to choose their risk level and find the right fit for their portfolio.
The MEMEX token will be required to access the platform and will also grant holders governance rights. Holders will be able to vote to adjust the assets in each basket to better suit evolving market conditions.
MEMEX is currently undergoing a presale. Once it’s complete, the token will be listed on exchanges, and the team will begin initiating the governance organization and the Meme Index. The team also plans to expand platform utility based on governance proposals.
These plans have drawn interest from industry analysts, such as Michael Wrubel, who provided positive coverage in a recent video on his YouTube channel.
To learn more, visit the Meme Index website.
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This article first appeared at crypto.news
