The well-known blockchain-based platform Memefi has announced that its MEMEFI token will now have its OKX exchange debut on November 22, 2024, at 1 PM UTC. According to reports, the new schedule, which was originally set for November 12, adds a 10-day delay to ensure that all last-minute preparations are finished for a smooth launch. Memefi changed important dates for related activities, including the mining and snapshot deadlines, to November 15 in addition to the listing update.
Key details of the MEMEFI token listing
Trading in the MEMEFI/USDT pair will be part of the MEMEFI token’s listing on the OKX market. The updated timetable seeks to improve user experience, guarantee the platform’s preparedness for large trading volumes, and streamline the listing procedure.
Date of deposit: In order to give traders enough time to be ready for the official listing, MEMEFI token deposits will open on November 11, 2024, at 10:00 AM UTC.
Call auction: In order to seamlessly transition into spot trading, OKX will hold a call auction that day from 12 PM to 1 PM UTC.
Spot trading: At 1 PM UTC, spot trading for the MEMEFI token will start right after the call auction.
Available withdrawals: As of November 23, 2024, at 1:00 p.m. UTC, withdrawals will be permitted.
According to the Memefi team, the extension will assist in completing important security and operational procedures that are necessary for the listing. In addition to ensuring a smooth launch day experience, this delay will provide users time to become acquainted with the trading timetable.
MEMEFI token: revised mining dates and snapshot
The snapshot and mining dates for the MEMEFI coin have been rescheduled by Memefi to November 15, 2024, in addition to the listing delay. While mining makes the token issuance process easier, the snapshot records the current token distribution, which is necessary for reward computations.
According to the firm, these upgrades are in line with its dedication to providing a dependable token experience for all parties involved, making sure that all logistical and technical aspects satisfy the high requirements of its user base.
Gate.io concurrent listing
Memefi has set up a simultaneous listing on Gate.io to improve accessibility. The platform hopes to reach a wider audience by making the MEMEFI token available on Gate.io, improving trading accessibility and liquidity. The MEMEFI/USDT trading pair will be similarly accessible to Gate.io users, expanding the token’s network of traders and investors.
Performance of MEMEFI tokens in pre-market futures
The MEMEFI coin has shown significant volatility in recent months, but it is currently accessible for pre-market futures trading on OKX. Following an initial price drop of more than 30%, the token started to show signs of recovery, especially in October, which was indicative of rekindled investor interest. The behavior of the MEMEFI token has been attentively monitored because its recovery points to possible stability and growth before the official listing.
Strategic alliances and a growing ecosystem
In order to broaden its ecosystem, increase the usefulness of the MEMEFI token, and enhance the platform’s overall experience, Memefi has been aggressively establishing partnerships. There have been two noteworthy partnerships announced:
Collaboration with Mysten Labs: To include Sui blockchain functionality into its Telegram services, Memefi has partnered with Mysten Labs, a blockchain technology firm. It is anticipated that this connection will improve Memefi’s social media capabilities by giving consumers more engaging choices.
Community prize pool with Binance: Memefi and Binance have also worked together to create a $150,000 community reward pool. Twenty iPhone 16 Pro Max smartphones and five high-end Franck Muller watches will be given out to winners as part of this campaign, giving the community even more incentives. The goal of these rewards is to raise community awareness of the new listing and commemorate the history of the MEMEFI token.
Market readiness and user advisory
Before purchasing the MEMEFI token or any other cryptocurrency, Memefi advises customers to do their own research as a usual reminder. Platforms like CoinMarketCap have issued warnings on third-party content in the recent announcement, advising users to exercise caution and make educated choices.
The statement underlined that although Memefi aims to provide the best listing experience possible, investing in cryptocurrencies entails risks. Before engaging in trading operations, prospective investors should fully comprehend the structure of the MEMEFI token, market trends, and related dangers.
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