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The meme finance (MEFI) platform is designed to put idle meme tokens to work. Users can provide their meme tokens as collateral and borrow ETH. Once the borrowed ETH is repaid, the meme tokens used as collateral will be returned to the user. This provides a solution for those who want to hold onto their meme tokens for the long term while also taking advantage of new opportunities without selling their gems (ERC-20 tokens).
MEFI operates on a simple financial model, allowing users to borrow ETH by providing meme tokens as collateral. This eliminates the stress of missing out on potential gains while holding a meme token. Users can play with new launches, potentially multiplying their ETH, and repay the borrowed amount with minimal interest to retrieve their meme tokens. With a total supply of 1,000,000,000 and 100% liquidity, MEFI aims to support Dapp development, marketing, and buyback and burn initiatives through a 6% tax.
For more information and to connect with the meme finance community, interested individuals can join the Telegram group at https://t.me/mefiPortal, contact via email at memefinance@proton.me, or follow on Twitter at https://twitter.com/memefinances/.
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