The Meme Games (MGMES) is another promising crypto project with the potential of producing a 10x token. The projects bridge the world of Memecoins and the Gamefi categories of the crypto industry to create a product that appeals to both Memecoin Traders and Gamefi Enthusiasts. 

The Meme Games project is split into two integral parts with one part of the project inspired by the spirit of the Olympic games and the other part mirroring memecoin culture. 

The project peaked during the Summer Olympic Games in Paris but the team behind the project has promised that there is more to it outside the Olympic games. 

The Meme Games is built on the Ethereum blockchain and the goal of the team is to design a unique, gamified token where participants and users of the project can enjoy the dual benefit of competition and a sense of community. 

How does the MGMS token work 

The Meme Games is an Olympic games simulator involving popular memecoin characters like Dogecoin, Pepe, Dogewifhat, Brett, and Turbo all representing various countries. 

The gameplay of the project works by allowing players to purchase MGMS tokens while backing one of the Memecoin characters representing a country. 

These memecoins compete with themselves in a virtual 169-meter dash in a game experience mirrored after the Olympics. Backers of the winning memecoin character in the race get a 25% bonus on their MGMS purchase 

To increase their chances of winning players are encouraged to buy MGMS tokens multiple times and there is also no limit to the number of entries one can make. 

Numbers 

The Meme Games Token Presale raised over $300,000 within the first few days with a new goal set at slightly less than 1 million. As an ERC-20 token, the Meme games offer users the opportunity to stake on Ethereum. 

Staking rewards are distributed at a rate of 38.5 $MGMES per ETH block. The current APY (Annual per year) rewards for the project are over 700% but this figure is likely to decrease as more MGMES holders decide to stake the token. 

At the time of this report, over 13 million MGMS tokens are staked in the pool. 

Tokenomics 

$MGMES has a total supply of 2.024 billion tokens. 38% of this will be available in Presale. The rest of the tokens are distributed among other important parts of the projects:

• Staking (10%)
• Project funds (17.7%)
• Games winnings (9.3%)
• Liquidity (10%)
• Marketing (15%)

Security

The Meme Games project has been carefully audited by SolidProof, a German-based Blockchain and Smart contracts security firm. The project has also been audited by Coinsuits confirming its reliability in terms of protection of user assets. 

Next 10x? 

The Meme Games is up there as one of the next big memecoins with the potential to do a 10x. 

The project’s unique Olympic-themed design bridges the explosive world of Meme coins with the Gamefi world, another exciting category of the crypto industry. 

The combination of competition and the sense of community memecoins positions the project as an addictive and potential leader in the crypto market