Rug.fun has recently unveiled a thrilling 24-hour gaming experience that plunges players into the unpredictable realm of meme coin trading.
This innovative game unfolds in two stages, challenging players to either craft or pour funds into meme coins with the goal of reaching the pinnacle or nadir of liquidity. As the countdown reaches its end, any coins that don’t secure a top or bottom position are entirely wiped out, or “rugged.”
During the initial 12-hour phase, the game empowers participants to generate or purchase an unlimited number of coins. Yet, only the leading 10 coins will advance to the next round, with the rest of the investments being reimbursed.
The ensuing “race” phase grants players a further 12 hours to maneuver their coins to either dominate the liquidity rankings or plummet to the lowest tier. This can be achieved through purchasing or trading coins, which also contributes to a “rug pool” tax that enhances the overall prize pot.
Upon the culmination of the 24-hour period, the tokens that have secured the first and last positions are crowned victors, seizing the entire prize pool, inclusive of the “rug pool” tax. Tokens that fail to reach these extremes are “rugged,” forfeiting all their liquidity to the winning tokens.
In related news, Kraken is once again seeking the dismissal of the SEC lawsuit, pointing out inaccuracies in its phrasing.
The game’s inaugural token, AIRDROP, was conceived by the Context team and operates on Coinbase’s Ethereum layer 2 network, Base. The team has granted access to addresses that have previously been “rugged” by other tokens and NFT ventures, such as BALD, thus permitting users to generate or exchange tokens within Rug.fun.
As of this moment, the game is amidst its race phase, with AIRDROP leading significantly, while RUGDOTFUN is just shy of the ninth spot by $300,000. The prize pool has reached $260,000 and is poised to be awarded to the tokens that finish in the first and last places.
This fresh gaming venture surfaces in a subdued crypto market, where developers and aficionados are resorting to bold tactics to escalate token values.
For further reading:
The CEO of Tether has responded to allegations questioning the firm’s financial stability.