Rugfun Launches Meme Coin Investment Game on Base Network
Rug.fun has recently introduced an innovative 24-hour game that fully immerses investors in the unpredictable realm of meme coins.
This game consists of two phases that challenge participants to either create or invest in meme coins in order to achieve the highest or lowest liquidity. When the timer runs out, any coins that fall in between these extremes will become completely “rugged.”
During the first phase of the game, which lasts for 12 hours, players are given the freedom to create or purchase as many coins as they desire. However, only the top 10 coins will move on to the second phase, while all other investments will be refunded.
In the subsequent “race” phase, players are given an additional 12 hours to ensure that their coins either reach the top of the charts or hit rock bottom in terms of liquidity. Players can buy or swap coins in order to manipulate their positions, thus contributing to a “rug pool” tax that is added to the prize pool.
As the 24-hour countdown comes to an end, the tokens in first and last place are crowned as the winners, claiming the entire prize pool, which includes the accumulated rug pool tax. Tokens that do not fall into these extreme positions become “rugged,” losing all of their liquidity to the victorious tokens.
One of the tokens involved in this game is AIRDROP, which was created by the Context team and is built on Coinbase’s Ethereum layer 2 network called Base. The team has also allowed addresses that were previously “rugged” by other tokens and NFT projects, such as BALD, to participate in creating or swapping tokens within Rug.fun.
As of now, the game is in the race phase, with AIRDROP holding a significant lead and RUGDOTFUN closely trailing behind in ninth place by $300,000. The current prize pool amounts to $260,000, which will be distributed to the tokens in first and last place.
This new game emerges during a more subdued crypto market, where developers and enthusiasts are employing increasingly daring strategies to drive the value of tokens.
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