- The Memeinator (MMTR) presale raised $590,000 within days of its launch.
- As a new project built on artificial intelligence, Memeinator aims to provide practical utility and real value for meme-coin users.
- A new era has arrived in which Memeinator intends to hunt down and eliminate weak meme coins as it pursues a $1 billion market capitalization.
Over the past two years the global meme-coin sector has seen remarkable growth. The rise of meme altcoins like Dogecoin and the notable gains of Shiba Inu, Pepe and FLOKI helped transform a virtually non-existent market into a roughly $20 billion ecosystem at its peak. At one point, meme coins accounted for more than $36 billion of the total cryptocurrency market capitalization.
The trajectory for meme coins is expected to remain upward as quality projects begin to dominate the space. Meanwhile, a new project — Memeinator (MMTR) — says it will cleanse the market of weak meme tokens. Removing poorly conceived or fraudulent projects, the team argues, will help restore confidence in meme tokens across the ecosystem.
That mission commenced with the launch of the Memeinator presale.
What is Memeinator?
The presale began on September 27, marking the project’s first public exposure to the crypto community. Memeinator positions itself as the end of small tokens dressed up as dogs, frogs or other meme-inspired gimmicks.
Within days the presale attracted more than $590,000 from investors — a debut suggesting the AI-driven project offers utility and value the community has often failed to find in many meme-token clones.
Inspired by the film Terminator 2: Judgment Day, Memeinator has stated an ambition to dominate the meme sector with a near-term market capitalization target of $1 billion. To pursue this goal, the project will target weak meme coins using an AI-powered Memescanner. Its approach, however, extends beyond technology alone.
Memeinator plans to deliver tangible value to its community through the Memeinator game and by integrating NFTs, staking rewards and token burns to create additional value for MMTR holders. With these utility-driven elements included in its roadmap, the presale could be just the beginning of a broader initiative.
Among competing altcoins, Dogecoin, Shiba Inu, Floki and Pepe stand out. According to CoinGecko data, only DOGE and SHIB currently exceed $1 billion in market capitalization — roughly $8.6 billion and $4.2 billion, respectively. Memeinator’s $1 billion market-cap target places projects like FLOKI and PEPE among those it may scrutinize early on.
What is the price of Memeinator (MMTR)?
Crypto and AI enthusiasts can acquire MMTR at $0.0112 during the presale’s third phase before the price rises to $0.0118 in later stages. Initially the token was offered at $0.01, an attractive entry point given a final presale price capped at $0.0485.
Market volatility and other hurdles could affect trading performance once the token lists on major exchanges. Still, the explosive returns seen in leading projects across the ecosystem suggest MMTR could experience a robust debut.
When will Memeinator reach public markets?
The Memeinator presale is divided into 29 phases, and the project’s whitepaper specifies a total supply of 1 billion MMTR tokens. According to the stated tokenomics, 62.5% of MMTR will be allocated to early backers through the presale, while the remaining supply will be distributed across exchange listings, marketing, development, liquidity provision and competition pools.
MMTR can currently be purchased using ETH, BNB, USDT and USDC, and tokens bought during the presale will be distributed at the end of the presale. Users should note that MMTR purchases in this phase are available only through the official presale page.
Tokens are expected to become available on major cryptocurrency exchanges and trading platforms after the presale, which is scheduled for the fourth quarter of 2023.
Learn more about Memeinator (MMTR) and how to participate in the presale here.