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Meme Index raises $500k in pre-sale for its decentralized dog meme index trading platform.
Meme Index (MEMEX)the first decentralized meme coin index investment platform, raised over $500k in pre-sale.
The creators aim to simplify investing in meme coins while providing one-click diversification.
Meme Index: Countering the risk of close investments
The meme coin sector will reach a peak market capitalization of $137 billion in 2024, with thousands of meme coins on the market.
Meme Index aims to simplify the experience of investing in meme coins by allowing market participants to purchase diversified baskets of tokens grouped by volatility. There will be four baskets available, from low to ultra-high volatility.
Those with a greater risk appetite would prefer very high volatility, while more conservative investors would opt for the low volatility basket.
Pooling meme coins into indexes aims to offset the lower risk of concentrated investments in a single asset.
The four meme base baskets available on the Meme Index
Meme Index It offers four indexes: the Titan Index, Moonshot Index, Midcap Index, and Meme Frenzy Index. As mentioned, volatility is related to the level of risk.
The Titan Index will include meme coins with a lower level of market capitalization. It will consist of the top ten meme coins with a market cap of over $1 billion (Dogecoin, Shiba Inu, etc.).
The Moonshot Index will move further along the risk curve, including meme coins listed on (or soon to be) centralized exchanges but with a market cap below $1 billion.
Users looking for more volatility can choose the Midcap Index, which contains meme coins with a market cap between $50 million and $250 million. This basket has more room for growth but is more likely to see major crashes than the two mentioned.
And for maximum risk and maximum reward potential, Meme Frenzy Index introduces micro-meme coins below.
This approach of meme baskets in volatility groups allows investors to choose their risk level and find the right level for their portfolio.
The MEMEX token will be required to access the platform and will also grant management rights to holders. Owners will have the opportunity to vote to change the assets in each basket to better respond to evolving market conditions.
MEMEX is currently doing a pre-sale. Once it is ready, the token will be listed on exchanges, and the team will begin to start the management group and the Meme Index. The team also plans to expand the platform facility based on regulatory recommendations.
These plans have attracted interest from industry analysts, such as Michael Wrubel, who provided great coverage in a recent video on his YouTube channel.
To learn more, visit the Meme Index Website.
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