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Riddle of the day jibu ni Meerkat

Rebus of the day jibu ni Sloth

Time to clear some air:

What you should have received was 3x fees spent

Airdrop was calculated at 3x fees for any user who spent in-app. 3x fee spent model is quite industry standard and we've seen it implemented by many teams across various sectors of crypto. The calculation was done at 200m FDV.

Truth is: exchanges did not allow $MEMEFI to list higher than 150m FDV, which was the pre-markets price at the time.

This means, at 100M FDV, your airdrop allocation was worth 1.5x of fees spent on in-app purchases.

Many talk about $NOT, $DOGS as positive airdrop examples - which they are. Lets not forget that the first 4 sector projects listed at 1b FDV. After 4 months of down trending, the market simply re-priced the sector and we've then seen sub 200M launches from $X, $MEMEFI and $MAJOR. This is not because these projects wanted to launch lower and screw the participant over.

Up until the wee hours of the launch, $MEMEFI team intended to list the token at 300m FDV in hopes of making every qualified participant satisfied, but were simply not allowed to.

Those who think team decides the listing valuation could not be more wrong in their assumption. Pre-markets decide the listing valuation and exchanges do not allow you to list higher than pre-markets.

This does not mean we fold here even after facing harsh criticism. There was no evil plan or malicious strategy. Ever. This includes any of our daily giveaways or grand prizes which reached the hands of their recipients in a transparent fashion.

We will continue to find ways to reward the loyal base who stuck around via partner rewards, IP integrations and build new excited features and viral products.

If you think this is the end of MemeFi, thats all you.
To us, TGE was a mere 1st inning.

Happy Holidays to everyone!

2025 will be LIT 🔥🔥🔥