Bitget Pre-Market Trading to Launch MEMEFI (MEMEFI)
In an exciting development for the cryptocurrency world, Bitget is set to launch MEMEFI (MEMEFI) in pre-market trading. This will give traders early access to MEMEFI, allowing them to engage in over-the-counter (OTC) trading before the coin is listed for spot trading. The pre-market trading for MEMEFI will officially begin on 25th September 2024, at 10:00 UTC, with the end time and spot trading schedule yet to be announced.
What is Bitget Pre-Market Trading?
Bitget's pre-market trading offers investors a chance to trade new coins like MEMEFI before they are available on the open market. This process allows buyers and sellers to establish orders, secure liquidity, and even speculate on price movements before the official listing. Through this system, traders can gain access to a potentially lucrative position before the market at large.
MEMEFI: The Token and Its Ecosystem
MEMEFI (MEMEFI) is the native token of MemeFi, a meme-inspired gamified ecosystem that operates on the Telegram platform. MemeFi monetizes user engagement by introducing new gaming and engagement features centered around meme culture. With a total supply of 10 billion MEMEFI tokens, MemeFi blends humor, fantasy, and blockchain technology to create an interactive experience where users can earn rewards while participating in battles, clans, and raids.
Pre-Market Trading Mechanics on Bitget
MEMEFI pre-market trading comes with two settlement options:
- Coin Settlement – This utilizes a "cash on delivery" model where if the seller fails to deliver the required coins, they forfeit their security deposit as compensation.
- USDT Settlement – A newer settlement method where trades are settled in USDT at the average index price during the last minute of trading. Depending on the outcome, the winning party will receive the difference from the losing party, with both parties able to gain or lose up to 100% of their security deposit, minus transaction fees.
Example of Pre-Market Trade in Action
Consider a scenario where a user buys 10 MEMEFI tokens at 10 USDT (Order A) and sells the same 10 tokens at 15 USDT (Order B). If the final delivery execution price is 5 USDT, the PnL (Profit and Loss) calculation is as follows:
- PnL of Order A = (5 – 10) × 10 = -50 USDT
- PnL of Order B = (15 – 5) × 10 = 100 USDT
- Total PnL = 50 USDT
This illustrates the potential for profit (or loss) that users can experience in pre-market trading.
MEMEFI: More Than Just a Meme Coin (About $MEMEFI)
MemeFi offers a unique blend of meme culture, blockchain mechanics, and engaging gameplay. Players enter the world of Vice City, a chaotic, meme-fueled environment where they can explore, battle, and loot MEMEFI coins. The platform also features clan raids, allowing users to team up and participate in cooperative missions to steal from rival clans and earn rewards.
MemeFi’s innovative play-to-earn model ensures that players are rewarded for their efforts in the game. Whether they participate in battles, clan raids, or simply hold MemeFi Coins, users can earn real-world value through strategic gameplay.
Advantages of Bitget Pre-Market Trading for MEMEFI
Bitget’s pre-market trading platform offers several benefits to both buyers and sellers. One key advantage is that it allows traders to secure liquidity in advance, even before a coin is officially listed. Sellers aren’t required to own new tokens upfront, allowing them to participate by securing tokens before the delivery time. This OTC system helps traders achieve more flexible and strategic positions.
For those eager to engage in MEMEFI pre-market trading, the following steps will guide you through the process:
- For Makers: Choose MEMEFI/USDT, post a buy or sell order with the desired quantity and price.
- For Takers: Select an existing order from the market, review the terms, and confirm the trade.
Looking Ahead: MEMEFI Price Predictions
While the MEMEFI market is still in its early stages, analysts are already projecting future prices. According to long-term price predictions, MEMEFI is expected to reach $0.0002113 by 2025 and $0.0004114 by 2030. This would represent a 333.80% return on investment (ROI) for early investors who hold MEMEFI until 2030.
With MEMEFI’s entry into pre-market trading on Bitget, traders now have the opportunity to engage with this exciting new token early on. Whether through MEMEFI’s unique ecosystem or the strategic opportunities presented by pre-market trading, investors can leverage these tools to secure a strong position ahead of the full market launch.