Summarize this content to 2000 words in 6 paragraphs
The 2024 Paris Olympics opening ceremony takes place on Friday, but traders are already apeing into a new coin that is the closest crypto has to an official Olympics token: The Meme Games ($MGMES).In the space of a week, $MGMES has amassed $250,000 from smart investors looking to capitalize on growing Olympics fever.Olympic Games-themed cryptocurrency The Meme Games ($MGMES) packages five top meme coin projects in a novel purchase-and-play format that is both fun to play and profitable.The meme coins participating in The Memes Games are: Dogecoin ($DOGE), Pepe ($PEPE), DogWifHat ($WIF), Brett ($BRETT) and Turbo ($TURBO).Meme Games blends the gaming success essentials of jeopardy, excitement, competition, rewards and the element of chance. That, combined with the worldwide attraction of memes and the Olympics, has seen the crypto and tech media already labelling $MGMES as the ‘official’ meme coin of the 2024 Paris Olympics.The Meme Games Fits the Bill as Market Steps Back and Traders Become More DiscerningAlongside crypto degens, the coin will also appeal to sports and gambling fans, as the crossover between the three discrete audiences becomes evermore prevalent. Although the crypto market has taken a step back of late as the Ethereum ETF turns into a temporary ‘sell the news’ event, against the backdrop of a Big Tech sell-off, assets like The Meme Games are likely to continue to attract the smart money. Savvy traders are always on the lookout for something new that has trending potential and a truly unique selling point in a crowded meme coin marketplace – The Meme Games fits the bill.YouTuber Austin Hilton with 272,000 subscribers thinks the $MGMES Olympic Games meme coin “will be huge”.Thirty-eight percent of the total token supply has been allocated to the presale of this uniquely gamified meme coin. The Meme Games Provides Exposure to the Five Biggest Meme CoinsThe $MGMES token can be snapped up for a one-time cheap price of $0.00905, but within 24 hours the price will jump incrementally higher to the next fixed presale price of $0.0091 as the presale enters its third stage of 10. Select one of the five biggest original crypto meme characters – Dogecoin, Pepe, DogWifHat, Brett, or Turbo – and see them run the 169m sprint, where the character has a 20% chance of winning a 25% bonus on their purchase.This means, for instance, that a presale contributor who purchases 1,000 $ MGMES has a good chance of automatically receiving an extra 250 $MGMES moments after purchase. Because participants can buy tokens as many times as they wish with no minimum purchase requirement, they can continually improve their chances of winning token bonuses. WEB3 Games Token $MGMES Launches on Dex on 10th September, Stake Today for 900%-Plus APYThe $MGMES presale runs concurrently with this year’s Olympics in Paris, which concludes on 8 September at the Paralympics closing ceremony. On September 10 the token will list on decentralized exchanges where the price is expected to rocket. In addition to the bonuses, presale participants can put their bags to work straightaway by earning passive income from staking.As the project website and whitepaper point out, staking tokens during the presale period can generate substantial annual percentage yield (APY). At the time of writing stakers can earn 986% annual return, although the APY varies depending on the number of stakers. $MGMES is an Ethereum-compliant asset, so the staking is made available on the Ethereum chain. According to the staking dashboard on the website, $MGMES is emitted at a rate of 38.5 per ETH block produced and will be distributed over a two-year period.Investors can rest assured of the security of the project’s technology and bona fides of the team because The Meme Games has been audited by SolidProof and Coinsult. The potential to max out return on investment by buying The Memes Games token today is high as the Olympics hype escalates and more people hear about $MGMES for the first time.Jump on board The Meme Games on Twitter and Telegram to stay abreast of the latest news and developments. Join the presale today via The Meme Games website
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
