P2E token taking on Axie Infinity after raising over $10m

The Meme Kombat presale has raised over $10 million pointing to rising demand for play-to-earn projects.

MK, the native token of Meme Kombat, is trading for in the current presale stage. It continues to draw investor interest.

Flagship AI-powered battle arena and GambleFi mechanics

Meme Kombat’s core concept is a battle arena where players can gamble on AI-generated fights between meme coin characters.

Offering a gamified approach to crypto gambling, Meme Kombat aims to disrupt the crypto gambling market while appeasing P2E and meme coin markets.

Players can switch to various game modes, including single-player, multi-player, dynamic side betting, and more.

And in a bid for transparency and realistic gameplay, Meme Kombat leverages traditional odds mechanics.

Is Meme Kombat the next Axie Infinity?

In the 2021 bull run, Axie Infinity cemented itself as the market’s premier P2E game.

The recognition drove its market cap to almost $10 billion.

Yet, with previous bull market narratives like NFTs reemerging, P2E coins could be on the verge of rallying.

However, given its first-mover advantage and brand, a new “Axie Infinity” seems unlikely.

But with a next-generation use case integrating AI, crypto gambling, meme coins, and P2E, Meme Kombat could carve itself a new niche.

So, while becoming the next Axie Infinity would be a cumbersome task, Meme Kombat may still see AXS-like gains this cycle.

Leading analysts agree with this statement.

In a recent video, Michael Wrubel and Jacob Bury discussed the project’s upcoming exchange launch and growth potential.

Meme Kombat tokenomics, staking, and exchange launch

50% of MK’s total supply is allocated to the presale.

Another 30% will go to staking and battle rewards, 10% to DEX liquidity, and 10% to community rewards.

This token distribution puts 100% of the tokens in the community’s hands.

Furthermore, the allocation to staking and rewards ensures community participation and encourages long-term holding.

The MK token is used in the battle arena to gamble on fights; driving demand.

Meanwhile, users can stake their tokens, currently garnering a 93% APY, but this will decrease as more tokens are staked.

According to its staking dashboard, 77% of the MK supply is staked, and 9,704,690 MK have been paid out in staking rewards.

Meme Kombat will launch on Uniswap on March 6, 2024. There will also be a token generation event at the same time, enabling presale investors to claim their tokens from the project’s website.