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Meme Index raises $500,000 in presale for its decentralized Meme Coin Index trading platform.
Meme Index (MEMEX), the first decentralized investment platform for meme coin indexes, has raised over $500,000 in presales.
The aim of the creators is to simplify investing in meme coins and at the same time enable diversification with just one click.
Meme Index: Balancing the Risk of Concentrated Investments
The meme coin sector reached a maximum market cap of $137 billion in 2024, with thousands of meme coins on the market.
Meme Index aims to simplify the experience of investing in meme coins by allowing market participants to purchase diversified baskets of tokens grouped by volatility. There are four baskets available, ranging from low to extremely high volatility.
Those with a greater appetite for risk would prefer extremely high volatility, while more conservative investors would opt for the low volatility basket.
Grouping meme coins into indices aims to offset the downside risk of concentrated investments in a single asset.
The four meme coin baskets available on Meme Index
Meme Index offers four indices: the Titan Index, the Moonshot Index, the Midcap Index and the Meme Frenzy Index. As already mentioned, volatility correlates with the level of risk.
The Titan Index will include meme coins with lower volatility and higher market caps. It will consist of the ten largest meme coins with a market cap of over $1 billion (Dogecoin, Shiba Inu, etc.).
The Moonshot Index will…
