MemeFi is a social gaming ecosystem that includes both browser-based and Telegram games. The ecosystem reportedly has more than 50 million users, joining other Telegram-based mini-apps that have garnered a lot of attention, such as Catizen and Hamster Kombat. What sets MemeFi apart from other options is its strong social element, offering players a novel experience.

Would you like to find out more? Read on as we explore what MemeFi is, how you can get involved, and the role the MEMEFI and PWR tokens play in the gaming ecosystem.

TL;DR

• MemeFi is a social tech game that combines a social economy layer with player versus player and player versus environment gameplay.

• “Keys” are an important part of the game and allow players to earn additional rewards, including winnings from other players.

• MEMEFI is a multifunctional token in the gaming ecosystem. It is used for governance, rewards, revenue sharing, yield farming and as an in-game currency. Players can also earn PWR tokens, which support the game’s economy but have less utility than MEMEFI.

What is MemeFi?

MemeFi’s gaming ecosystem includes two games – MemeFi Club and MemeFi Coin. What can players expect? According to the project’s documentation, MemeFi is more than just a game, but “a living, breathing world with its special laws and history.” It is a chaotic universe full of dangers and secrets that exists in a crazy environment of eternal war between meme clans and memes themselves.” Therefore, players are encouraged to explore and plunder riches wherever they see fit reflected in the social element of the game.

Let’s take a closer look at the two games in the ecosystem.

MemeFi Club: Merging Social Tech and Gaming

Accessed via a web browser, MemeFi Club invites players into a vibrant world filled with memes and pop culture references. Here, players acquire social keys and PWR token boosts as they set out to join clans, complete daily missions, defeat bosses, and participate in clan raids to earn MEMEFI tokens.

The game’s social mechanism is a special feature. Players can climb the ranks to become clan leaders – so-called Memelords. As a Memelord, players are responsible for leading their clans and making decisions to earn rewards. Additionally, memelords can monetize their leadership. By trading keys, clan leaders can receive a share of other key holders’ rewards, creating a mutually beneficial relationship between players. According to the project, once the game is released on the mainnet, it will be upgraded with competitive and skill-based features to encourage players to maximize their performance.

MemeFi Coin: the Telegram clicker game

MemeFi Coin, on the other hand, is a Telegram clicker game developed by the MemeFi team. However, it is not clear how MemeFi Club and MemeFi Coin are connected beyond that. MemeFi Coin will seem familiar to those who have played Telegram clicker games as it follows the same concept. However, while other clicker games are as simple as the name suggests – click to play – MemeFi Coin involves a deeper form of gamification. Here players have to tap to defeat enemies. There are multiple levels of enemies to overcome, with the game also including a stamina system (similar to the energy system other games use), boosters and upgrades.

As with MemeFi Club, memes play a prominent role. At the start of the game, players are confronted with Pependalf – Pepe the frog in wizard form – as their first enemy. Social Tech is also included in MemeFi Coin to encourage participation. There is an incentivized leaderboard and a clan system that encourages players to improve their performance and earn more rewards.

About the key economy

While playing MemeFi Club, players will inevitably come across keys. The Key Economy is a pillar of the game as it supports the social side of the game and provides users with opportunities to earn greater rewards through their interactions with other players.

Players can invest their own keys as well as other players’ keys to earn returns from others’ rewards. According to the project, the price of keys scales based on a quadratic bond curve – a type of smart contract that adjusts the value of an asset based on its supply. Retention curves typically help reward early adopters of assets and encourage engagement early in a project.

Slots offer several opportunities for additional winnings in the game:

• Selling keys when their prices rise

• Earn fees through traded keys

• Receive part of the player’s income as MEMEFI earnings

What are the MEMEFI and PWR tokens?

MEMEFI and PWR are the backbone of the MemeFi in-game economy, but what are their differences? Simply put, PWR is the in-app token while MEMEFI is used for governance and rewards.

PWR is intended to be a stable off-chain token. Due to its stability target, whose value is usually set at $0.001, the token is used to determine prices for promotions or items within the app. MEMEFI, on the other hand, has a broader use. It is used as part of the project’s governance process and for revenue sharing in yield farming. MEMEFI also funds character development, among other in-app purchases. MEMEFI has a maximum supply of 10,000,000,000 MEMEFI, distributed in the following ways:

How to start playing MemeFi

Getting started with MemeFi is straightforward.

For MemeFi Club, all you need to do is access the game’s website via a desktop browser here: stage.memeficlub.io. You will be asked to register and log in with a Google or Discord account or email. Note that to complete purchases on MemeFi Club, you must have some ETH in a wallet.

To access MemeFi Coin, search for “MemeFi Coin” in the Telegram app and tap the verified account. Here you will find instructions on how to play the game, including the gameplay and earning mechanics. Tap “Play” at the bottom left of the screen to begin.

What’s next for MemeFi?

MemeFi has stated that a token generation event (TGE) is imminent. After the TGE, the MemeFi Club economy will move to a true pool model. The MEMEFI token will play a more central role as the main currency for in-game purchases and player development.

Meanwhile, MemeFi Coin will reportedly become the foundation of an advertising network used by businesses and key influencers to drive traffic in a cost-effective manner. It is not clear whether this advertising network will connect crypto publishers with advertisers as it usually does. Regardless, the game will feature daily tasks with rewards granted alongside a “new incentive system.”

The last word

MemeFi now stands alongside other high-profile crypto games such as Notcoin and Hamster Kombat, but is characterized by a more playful structure and a strong social element. With two games in the ecosystem – MemeFi Club and MemeFi Coin – players can immerse themselves in a browser-based adventure and a Telegram-based clicker game, respectively, finding new ways to earn crypto rewards. With a TGE on the horizon, many will be keeping an eye on MemeFi and its future development.

Want to learn more about Telegram mini apps? Read our guide today.