Memecoins
Rug.fun unveils meme coin investing game on the Base network
Rug.fun recently launched a 24-hour game that immerses investors in the volatile world of meme coins.
The two-stage game challenges participants to create or invest meme coins to get the highest or lowest liquidity. When the timer reaches zero, coins that fall anywhere in between are completely eliminated robust.
The first phase of the game, lasting 12 hours, allows players to create or purchase as many coins as they want. However, only the first 10 coins will advance to the second phase, while all other investments will be refunded.
In the next “rush” phase, players have another 12 hours to ensure their coins either top the charts or hit liquidity bottom. Players can purchase or trade coins to achieve this, contributing a “rug pool” fee added to the prize pool.
At the end of the 24-hour countdown, the first and last place tokens are declared winners, claiming the entire prize pool, including the accumulated carpet fee. Tokens that do not fall into extreme positions are robust and lose all liquidity to the winners.
AIRDROP, the game’s first token, was created by the Context team and is built on Coinbase’s Ethereum layer 2 network, Basic. The team whitelisted addresses previously compromised by other NFT tokens and projects, such as BALDallowing users to create or trade tokens Fun.carpet.
At the time of writing, the game is in the bidding stage, with AIRDROP leading by a substantial margin and RUGDOTFUN following closely in ninth place with $300,000. The prize pool currently stands at $260,000, set to be distributed to first and last place tokens.
The new game emerges in a cooler place cryptocurrency market where developers and enthusiasts employ increasingly bold strategies to increase the value of the token.