Meme Index raises $500K in pre-sale for its decentralized meme coin index trading platform.

MEMEX Indexthe first decentralized cryptocurrency index investing platform, has raised over $500,000 in pre-sale.

The creators aim to simplify investing in meme coins while providing one-click diversification.

Meme Index: Compensating the risks of concentrated investments

The meme sector will reach a peak market cap of $137 billion in 2024, with thousands of meme coins on the market.

The Meme Index aims to simplify the meme investing experience by allowing market participants to purchase diverse baskets of tokens grouped by volatility. Four baskets will be available, ranging from low to very high volatility.

Those with a greater risk appetite will prefer the very high volatility, while more conservative investors will choose the low volatility basket.

Aggregating memes into indices aims to offset the downside risks of concentrated investments in a single asset.

The four coin baskets available on the Meme Index

Meme indicator You will offer four indicators: Titan indicator, Moonshot indicator, Midcap indicator, and Meme Frenzy indicator. As we mentioned, volatility is related to the level of risk.

The Titan Index will include meme coins with lower volatility and higher market capitalization. It will consist of the top ten meme coins with a market cap of more than $1 billion (Dogecoin, Shiba Inu, etc.).

The Moonshot Index will move more along the risk curve, which includes meme coins listed on centralized exchanges (or soon to be listed on) but with a market capitalization of less than $1 billion.

Users looking for more volatility can choose the Midcap Index, which will contain meme coins with a market cap between $50 million and $250 million. This basket has more room to grow but is more likely to take heavy collisions than the basket above.

For maximum risk and maximum reward potential, the Meme Frenzy Indicator will provide exposure to small to low value meme coins.

This approach to volatile pooled meme baskets allows investors to choose their own risk level and find the right option for their investment portfolio.

The MEMEX token will be required to access the platform and will also grant its holders management rights. Bondholders will be able to vote to adjust the assets in each basket to better match evolving market conditions.

MEMEX is currently subject to... Pre-sale. Once complete, the token will be listed on exchanges, and the team will begin initiating governance and the Meme Index. The team also plans to expand the utility of the platform based on governance proposals.

These plans have attracted the attention of industry analysts, such as Michael Froebel, who provided positive coverage in a recent video on his YouTube channel.

To learn more, visit Meme Index website.