What is MemeFi, the viral tap-to-earn game on Telegram?

What is MemeFi?

MemeFi is a tap-to-earn game on Telegram that fuses meme culture, entertainment and financial incentives. It combines the simplicity of tapping with the opportunity to win rewards. 

Intended to be launched on Ethereum’s Linea layer 2, MemeFi was finally rolled out on the Sui blockchain in November 2024. Developed to gamify the adoption of cryptocurrencies, MemeFi is motivated by the widespread interest in memes and decentralized finance (DeFi). Players interact with humorous memes, competing and earning tokens, which drives the game’s popularity.

MemeFi provides a smooth gaming experience using Telegram’s large user base and bot integration. The players can sign up, communicate with bots, and participate in challenges. The game fosters a community-driven environment, making MemeFi a unique blend of fun, creativity and earning opportunities within the growing crypto-gaming ecosystem.

The gameplay in MemeFi revolves around fighting bosses individually and with clans. The strength of bosses is measured in the PWR token, an in-game currency. Boosters can be used to enhance your power, enabling quicker victories against these formidable foes.

Did you know? You can trade memecoins on centralized crypto exchanges. Till Nov. 25, 2024, the highest price paid for MEMEFI was $0.01127, recorded on Nov. 22, 2024.

Components of MemeFi gameplay

In MemeFi, you can fight bosses, join a clan of your choice, and engage in community-driven activities. You participate in battles, from individual duels to massive clan raids, to enjoy the game and earn.

Boss fights and clans

The core game mechanics involve tapping the screen to damage bosses and earn coins. The more battles you participate in, the greater your potential rewards. You can join meme clans to collaborate with other players to fight against bosses.

A clan’s overall strength depends on its members’ individual power, which is a key factor in determining the outcome of raids.

Clans are led by “Memelords,” players who have earned leadership through performance. Memelords can modify clan rules and values. 

Raids

Playing MemeFi, you can make two types of raids: Boss and Clan. Boss raids are player-versus-environment (PVE) events where new bosses appear daily. Players tackle one boss per day, with difficulty scaling based on its strength. Defeating these bosses earns loot for the clan, distributed among members based on contributions.

Clan raids, on the other hand, are player-versus-player (PVP) challenges where clans compete directly. Initiated by clan leaders, these raids give members a six-hour participation window. Victorious clans claim resources from rivals, weakening the losing side’s power. 

Boosters

Taps decrease your energy, and MemeFi doesn’t allow you to tap more than 1,000 times in a row. You need to stop in between to regenerate your energy.

But MemeFi has boosters — free and paid — that increase your ability to damage bosses substantially. Free boosts, named “Turbo,” deal 10 times more damage after recharge. Paid boosters permanently upgrade your damaging skills and recharging speed.

How to play MemeFi

Here is a step-by-step guide to help you begin playing MemeFi:

Step 1: Set up the MemeFi Coin Telegram bot

Search for “@memefi_coin_bot” on Telegram to locate the game. 

Tap “memefi_coin_bot” and then click “Start.”

To start playing the game, tap “Play & Earn.” 

Agree to the terms and conditions, and the game’s home screen will appear.

Step 2: Fight the boss

Tap the screen to make the boss lose health. You need to exhaust the boss’ health to eliminate them.

Step 3: Join clans

Join clans and execute clan raids on bosses.

Step 4: Earn MEMEFI tokens 

To get MEMEFI tokens on MemeFi, you must do interactive activities like boss battles and clan raids. Players earn in-game currency as rewards for victories, while loot is distributed based on individual contributions during these events.

Did you know? On Nov. 25, 2024, the MEMEFI token held a market capitalization of $54.34 million, ranking 758th on CoinGecko. Market cap is determined by multiplying the token price by its circulating supply.

Key features of MemeFi

MemeFi combines memecoin fandom with interactive gaming. The platform fosters community-driven competition, rewarding engagement and collaboration among memecoin enthusiasts.

Memelands

Vice City, an anarchic, meme-fueled metropolis, is the happening place in MemeFi’s gaming environment. Players move through this metropolis using an interactive map, exploring diverse locations, battling foes and seeking opportunities to earn MEMEFI tokens. The map is designed to encourage the players to discover whatever is concealed and reward them.

Raids by clans

The clan raid concept is an intriguing feature in MemeFi, where players plunder the valuables of rival clans and reap enormous rewards. You can group with other members of your own tribe to raid them. In addition to raiding other clans, players also receive prizes for protecting their own clan from hostile attacks. Successful clan raids and defenses require careful preparation, organization and cooperation.

Incentivized gameplay

The gameplay in MemeFi is designed to reward players who reach the top of the scoreboard. The leaderboard ranks players based on their in-game achievements, such as battle victories, loot collected and clan leadership. Top-performing players receive MemeFi coins and in-game perks as rewards.

Private and clan chats

Playing MemeFi, you can interact with other players via clan and private discussions. Social components such as players coordinating plans, building alliances and establishing enduring friendships give the game an additional degree of engagement. It gives you opportunities to socialize and exchange gameplay tips and methods.

Leadership and clan ownership

MemeFi encourages players to try and become leaders in the game. Clan leaders enjoy the prestige of leading a team and the financial rewards that come with it. As a clan chief, you can collect entry fees from players who wish to join your clan. Moreover, you have the ability to initiate clan raids and plunder other clans’ treasuries. In MemeFi, clan ownership allows you to influence the happenings around you.

Did you know? As of Nov. 25, 2024, battle outcomes in MemeFi are determined probabilistically. Victory isn’t guaranteed, and defeats result in the loss of PWR. The chance of winning a battle is calculated based on the strength of your character and the boss.

Roadmap of MemeFi

The development of MemeFi will unfold in various phases, including foundation, expansion and mass adoption.

Phase 1: Foundation (Q4 2024)

• Token launch
• Implementation of staking and burning mechanics
• Launch an ML-powered advertising network

Phase 2: Expansion (Early 2025)

Phase 3: Mass Adoption (Late 2025)

• Launch of standalone apps for iOS and Android
• Development of real-world memecoin initiatives
• Further expansion of the gaming ecosystem

Tokenomics of MemeFi and in-game tokens

MemeFi’s multi-token economy, featuring MEMEFI, PWR and TOYBOX tokens, drives in-game activities, including governance, gameplay and character upgrades. 

Token distribution in MemeFi

The token distribution in MemeFi is allocated as follows:

• Community development: 12%
• User and contributor incentives: 8%
• MemeFi treasury: 19%
• Team allocation (18-month vesting with a 12-month cliff): 10%
• In-game economy: 26%

In-game tokens in MemeFi

MemeFi has a multi-token economy, with all tokens having a distinct role:

MEMEFI

MEMEFI is MemeFi’s governance and prime utility token. MEMEFI tokenholders form a decentralized autonomous organization (DAO) and vote proportionally to their holdings on critical technological and financial decisions, thus shaping the project’s direction. You also need MEMEFI to purchase character keys and progression items and pay trading commissions. 

PWR

PWR token powers core activities in the MemeFi game, acting as a measure of character strength and unlocking the necessary privileges during battles and raids. Players need PWR for individual attacks and entry into clan raids. The value of PWR remains stable, and players can purchase it directly during the game. Each character has a cap on how much PWR it can hold.

TOYBOX

TOYBOX has been introduced to support the MemeFi team’s goal of creating deeply liquid GameFi assets. The token will represent MemeFi playable characters. It is the first ERC-404 token integrated into a gaming environment. ERC-404 is a token standard that enables the creation of semi-fungible tokens (SFTs) on the Ethereum blockchain.