On Wednesday, January 17, it became known that a new Solana Saga cell phone is being prepared for release. This is good news for investors who are interested in iGaming projects in the Web3 segment such as Meme Kombat, for example. Especially now, when hardware oriented towards the cryptocurrency industry is becoming more and more popular.
However, where does such a big demand for projects like Meme Kombat ($MK) come from? Probably the fact that this platform is currently unparalleled in the Web3-sphere. It offers an opportunity not only to conduct virtual “battles” between meme characters. It is also based on a betting system, thanks to which users are able to earn cryptocurrency. In a short period of time, the project has raised over $7.7 million in the presale. Today, the token is approaching the ICO target of $10 million.
ICO is the so-called “initial coin offering or placement”. As part of this initiative, the asset has gone through 9 stages of presale and is now in its 10th and final stage. Over the last 6 weeks, the presale rank has increased by 2,500%. Of course, this growth was not least influenced by the news of the launch of the innovative iGaming platform.
However, there is another factor that has caused investors to become more active in buying Meme Kombat coins – the fear of missing out on profits. We are talking about the release of a new smartphone Solana Saga, the principle of which includes support for various projects in the segment of digital assets. Such an event, according to experts, can have a great impact on the degree of acceptance of interactive crypto startups and meme coins. All because they are the ones most often used to support game applications in the Web3 format.
As the data in the blockchain shows, Solana ($SOL) owners are wasting no time and are already buying $MK tokens so as not to miss out on possible gains. They are confident that this kind of “collaboration” can bring big profits and significantly affect the growth of both cryptocurrencies.
Launch of the new Solana Saga phone: how will Meme Kombat benefit from the release of a Web3-based device?
The very idea of selling such a gadget was met by market participants rather cool. However, the situation changed when it became known that buyers will receive a cryptocurrency wallet with free $BONK tokens. This meme coin practically went up in price a hundredfold between October and December last year. Not surprisingly, investors reacted extremely favorably to such a bonus offer.
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Also, the popularity of the project was influenced by the fact that the new smartphone will be sold at a lower price than its predecessor. In addition, against the background of support and implementation of Web3 game projects, it should be expected that the launch of Meme Kombat on Solana Saga may take place soon.
At the moment, this crypto startup is the only iGaming product that offers the opportunity to earn money from “fights” between meme characters. That’s why it’s so important to provide access to it via a dedicated Web3-enabled device. Despite the fact that now the launch of such gadgets is only Solana, experts assume that a new milestone in the development of technology has already been defined. Most likely, this company will be followed by others in an attempt to provide new Web3-based projects and equipment.
It is also worth noting that the launch of the phone from Solana, a blockchain that is considered a direct competitor of Ethereum, is a kind of breakthrough in the field of cryptocurrency hardware. Before that, similar gadgets have already appeared on the market, but they were not in great demand among buyers. For example, the HTC Exodus failed to succeed, as the device had too high a price and an inconvenient interface. Sales began to fall, and potential users began to lose interest in such devices.
However, the Saga phone has the opportunity to revolutionize the market. Thanks to the fact that it is pre-loaded with $BONK tokens, the initial price of $1,000 did not confuse buyers. That said, this version of the smartphone is priced at $3,000 or more on the secondary market.
Preloaded into the smartphone system, the $BONK token hit the market in December 2022. It is currently trading at $0.00001089 and has appreciated in value by more than 790% over the past year. Despite the fact that this figure is lower than the historical maximum recorded in December 2023 ($0.00003416), the coin still has a chance for continued growth. This is because the token is designed to bring liquidity to the blockchain and all decentralized applications running on it.
Is it possible to launch Meme Kombat on partners’ smartphones?
To date, there have been no comments from MK developers on the topic of possible cooperation with the original equipment manufacturer (OEM) in the field of mobile devices. However, experts still predict a new round of technological development in the cryptocurrency industry.
Of course, it is best to tie to the device those tokens that are currently growing in value. However, there is a chance that there is a new bullish trend ahead for the cryptocurrency market. This means that many coins will start to rapidly rise in price. This situation may also be facilitated by the halving of bitcoin, which is planned for this spring. Be that as it may, the point is that tying smartphones to cryptocurrency can be an effective marketing move to simultaneously increase demand for gadgets and digital assets.
To date, there is not a single project on the market that is anything like Meme Kombat, which attracts investors. Also, its popularity is influenced by the fact that the startup has no limitations in terms of further development. The Meme Kombat roadmap, located on the official website of the project, informs potential investors about this.
For example, the developers are going to conduct initiatives to further expand the MK ecosystem, add new game modes to it, conclude partnership agreements and much more. The team claims that investors and users of the platform have a great variety of events ahead of them.
From such wording, we can conclude that cooperation with gadget manufacturers can be one of the steps of further development of the project. Moreover, the ecosystem closely interacts with the Ethereum blockchain. This fact suggests that over time, the gaming platform will be transferred to Solana as well.
It is worth telling a little about what the famous Ethereum network is today. It is a reliable blockchain, which is preparing to lower transaction fees as part of the Proof-of-Stake update. Together with the inclusion of the Layer 2 protocol, this will allow for a significant breakthrough in application scaling.
Probably, based on such data, iGaming projects will start developing in two directions at once and thus create a kind of bridge between Solana and Ethereum blockchains.
How will this affect the $MK token? It is quite possible that over time the coin will become more and more similar to $BONK. Of course, it now supports an Ethereum-based ecosystem, but that doesn’t mean that later the token won’t be able to connect to the Solana network as well. Experts believe that such an expansion will allow the asset to develop faster and gain more serious acceptance in the market.
The secret of Meme Kombat’s success lies in popular niches of the crypto industry
Experts explain the increased demand for the new asset by the fact that investors have started to be interested in meme coins again. Especially now, when, in addition to short-term profits and virality, they increasingly offer users access to interactive and innovative platforms.
Traders are more interested in crypto projects that are not only seriously supported by the community, but also have plans for development and scaling. They believe that such coins are capable of generating profits in the long term, and that is why they opt for Meme Kombat. An additional incentive to buy the token is the niches it covers: steaking and betting systems popular in the crypto segment.
According to the CoinGecko website, the market capitalization of the GameFi sphere is now over $18 billion, with the value of gaming tokens estimated at $616 million and generally continuing to grow due to the influx of interested buyers. It should also be mentioned that the entire sector of meme cryptocurrencies, according to the portal CoinGecko, now has about $21 billion. So Meme Kombat can successfully take a place among other similar projects in the market, the total volume of which is about $42 billion.
According to the developers, the first game season will be available to users of the platform after the pre-sale of the coin ends. It will include 11 meme characters: Milady, Baby Doge, Doge, Floki, Kishu, Mong, Pepe, Pepe2, Shiba, Sponge and Wojak.
The first season will be immediately followed by the second season. However, it will be possible to familiarize yourself with the list of characters before then. Moreover, investors are now wondering if $BONK will be featured among the new cast members.
Pre-sale participants through steaking can increase their APY by up to 129%
Meme Kombat has a major and attractive difference from many other projects in the presale. The advantage of the asset is the early opportunity to put coins into the steaking mechanism. The mechanism becomes available immediately after an investor purchases tokens in the presale. In addition, all early pre-sale participants can expect an average 129% increase in annualized returns. It is also reported that as of this writing, approximately 6.1 million $MK coins have already been accrued to investors as staking rewards.
At the same time, users of the platform will be able to earn APY after the immediate launch. However, it can already be noted that the online platform is in high demand. For example, more than 79% of the coins sold at the presale are in the blockchain. In addition, the number of steaking participants themselves is close to 10 thousand.
Such high figures reassure investors and make it clear that in the short term, the selling pressure will be eased. Additionally, it is reported that after the launch of $MK, token holders will have to keep the coins on the blockchain for at least 7 more days.
It is also interesting to note that the meme token staking supports both onchain and offchain transactions. Therefore, users are charged a fee solely for placing assets into the steaking and their subsequent withdrawal. The accrual of any rewards on the platform does not require any additional payments.
The developers said that all transactions with steaking are registered on the platform in real time. In addition, the system will be integrated into the gaming component of the project. Such a decision was made so that users could independently decide whether they want to put coins in storage or earn with their help in the game.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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