The Pepe coin’s price has climbed 25% to $0.000001298 over the past seven days, but Meme Kombat ($MK) is the one to watch for 100x gains after raising $1.44 million as the altcoin season takes off.
Since bottoming on October 19 at $0.000000626, $PEPE price has been pumping. The PEPE price has doubled over the past month, surging in the latter half of October as the meme coin chalks up a market capitalization of $524 million.
However, the Meme Kombat gaming and betting ecosystem threatens to blow Pepe out of the water after introducing dynamic yield staking yesterday, currently earning stakers 1,000%-plus annual percentage yield (APY).
Although the Meme Kombat platform has not launched, you can buy and stake the token in presale.
Meme Kombat Innovates With Dynamic Staking: A Unique Fusion Of Off-Chain And On-Chain Elements For Cost-Effective, Efficient, And Secure Staking And Gaming
$MK staking is unique because it seamlessly blends on-chain and off-chain transactions. End users only pay network fees when they stake and unstake their $MK, while all claiming rewards inside the staking platform happen off-chain and incur no fees.
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
— Meme Kombat (@Meme_Kombat) November 9, 2023
Stakers can see all their interactions with the staking platform, such as deposits and claims, logged in real-time.
This is also integrated with the on-chain game contracts, meaning you can play the games with staked tokens.
With Meme Kombat, all claiming and gaming is gas-less, courtesy of its state-of-the-art hybrid off- and on-chain system. Similar systems are available from some big players in the crypto industry, but their designs depend on cold wallets, whereas Meme Kombat uses smart contracts.
Cold wallets are an inefficient way of trying to keep systems secure. Meme Kombat, however, has chosen a different, more efficient, and secure approach by requiring six block confirmations before a transaction can go through.
Holders of $MK can stake their previously purchased tokens directly on the website at Memekombat.io. So far, nearly 2.3 million $MK has been staked, which amounts to 26% of the tokens sold.
In less than 24 hours since the introduction of dynamic staking, more than 35,000 $MK tokens have been awarded to stakers.
Amid A Bull Run, Investors Seek Added Value In Meme Coins – $MK Emerges As A Prime Contender
Sure, the frog meme has taken crypto markets by storm this year, but investors are now looking for something more from their meme coins, and Meme Kombat fits the bill with its platform where meme characters join battle and users bet on the outcomes. There is nothing else like Meme Kombat on the market.
As the crypto winter rapidly thaws, traders and investors sour the market for the best risk-reward opportunities. The problem for those chasing Pepe for outsized returns is that the price explosion has already happened.
Pepe reached an all-time high of $0.000003766 on May 5 this year. To reclaim that price would require an 184% uplift on the current price. That is a reasonable price target for meme coins, but it might be a stretch to expect further parabolic run-ups after that milestone is reclaimed.
Projects are coming under closer scrutiny as the crypto bull run ignited by the prospect of bitcoin halving and a spot bitcoin ETF approval takes wing. In this context, a new breed of meme coins that combines cheeky, humorous, irreverent virality with actual utility value is coming to the fore.
Many buyers will be entering the meme coin sector for the first time on the lookout for the next big thing. Even better, then, if that coin can show that it is not just a cartoon character but a product offering people will want to engage with and, in so doing, generate revenues and profits. Meme Kombat is that coin.
The Meme Kombat ($MK) platform, as a first-of-its-kind platform for battling and wagering with meme characters, will likely have wide appeal to all types of meme coin traders and investors.
It targets the two booming crypto sectors of GameFi and GambleFi and is also perfectly positioned in the high-octane meme coin segment.
$MK is currently priced at $0.189 but will rise 10% to $0.205 in Stage 3 of the presale, starting on November 16.
— Meme Kombat (@Meme_Kombat) October 7, 2023
The Meme Kombat presale has only six days to go before the next price increase, so prospective buyers must move quickly to ensure they snatch the lowest possible price. The next milestone, $1.5 million, also triggers a community giveaway of 5k USDT.
Although the site countdown shows six days left before the next price rise, the current stage could sell out much sooner than the time allocated.
You can get a feel for the project’s virality from the fun the team’s artists are already having with the meme characters.
So whether you are won over by Dogecoin, Shiba Inu, Pepe, or Sponge, meme coin watchers will find their character, and many others, represented in Meme Kombat
For degens focused on where to find the next 100x gem, Meme Kombat has to be front and center. Put succinctly, Meme Kombat captures the latent value of arguably the top-valued sectors in crypto today – gaming and gambling.
Not only will you be able to battle with meme characters, but you will also be able to wager on the outcome of those head-to-heads. When the full innovative platform is live, token holders can seamlessly stake-to-bet on the battle in the Meme Kombat Arena.
— Meme Kombat (@Meme_Kombat) September 28, 2023
Meme Kombat Season 1 Showcases Top Meme Coins, Offering Broad Appeal to Diverse Audiences
Meme Kombat’s Season 1 will be available after the presale is sold out and the project is launched.
There are 11 meme characters you can battle with in Season 1: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak
Players bet on the meme characters and are rewarded with $MK tokens if they back the winners.
Our sources tell us that Season 2 meme characters will land just before Season 1 ends.
Blockchain comes into its own when it comes to gaming and gambling. On the gaming side, there is verifiable randomness, and for gambling, its trust and security features are also well suited to the platform’s requirements.
Although often absent from most meme coin projects, in Meme Kombat’s case, a security audit of its smart contract has been conducted. Prospective buyers will note that the audit was passed with flying colors, and no major issues were detected.
All told, 50% of the total token supply is sold in the presale, 30% for staking and battler rewards, 10% for community rewards, and 10% for decentralized exchange liquidity. The total token supply of $MK is 120,000,000.
Helping buyers to make their decision is the fact that the Meme Kombat project is doxxed. Founder Matt Whiteman is chief operations officer at Netherlands-based North Technologies, an NFT trading and analytics business.
Whiteman’s footprint in the NFT space is thought to be helping Meme Kombat to garner traction in the Web3 venture sector.
Meme Kombat Sparks Buzz In The Crypto Media Landscape
Interest in Meme Kombat has taken off in the crypto media world. The Meme Kombat native token $MK has received coverage on top crypto news outlets, including Cointelegraph, Coinpedia, Decrypt, Finbold, BeInCrypto, FXStreet, NewsBTC, and CryptoPotato. It is also popping up on game sites, with an article recently appearing in Game is Hard.
Crypto analyst on YouTube Joe Parys, who has 382,000 subscribers, has selected Meme Kombat as one of his ‘top 5 meme crypto coins for 2024 and beyond’.
Another YouTuber tipping $MK is well-respected crypto analyst Michael Wrubel, with 310,000 subscribers. He is equally bullish on Meme Kombat’s potential to carve out a valuable niche.
Meanwhile, the folks at the Cilinix Crypto YouTube channel have put skin in the game by explaining to their audience why they bought this presale, while other YouTube crypto analysts think $MK ‘could kill Pepe.’
The Innovative Stake-to-Bet Model Poised To Enhance Value For $MK Token Holders
Meme Kombat is at the center of the intersection of gaming and gambling in the cryptocurrency industry.
By freeing up staked tokens for use as gambling chips, Meme Kombat allows network participants to earn from staking as well as the opportunity to win big in the battle arena.
Priced at $0.189, Meme Kombat token can be purchased today with ETH, BNB, or USDT (ERC-20 and BEP-20 versions).
Gambling is a booming industry; today, crypto is only a tiny part of the whole. However, the industry is changing fast, as witnessed by the rise of online venues. Data compiled by Statista shows that the online gambling industry’s market size is $95 billion for 2023.
With its well-suited technological advantages of decentralization to deliver secure, fair, and transparent gaming and betting, crypto-based gambling is growing rapidly. Meme Kombat is in the vanguard of this Web3-led transformation.
Don’t miss out on a coin that has Pepe’s price potential with the added certainties of real-world utility.