MemeFi and Mysten Labs Partner to Launch MEMEFI Token on the Sui Blockchain

MemeFi is working with Mysten Labs to bring the Sui blockchain’s features to launch its token in November. By using Sui’s Layer 1 blockchain, MemeFi will integrate Sui’s Move programming language, designed for secure and efficient transactions.

MemeFi is set to launch its MEMEFI token on November 12 via an on-chain claim event, following a recent network shift.

The launch was initially scheduled for October 9 but was later postponed due to internal adjustments.

According to a recent announcement, MemeFi will perform a final snapshot of player activity on November 6 to finalize token distribution for the airdrop.

The final allocations will be announced on November 8, and players can “pre-check” their expected allocation through OKX Wallet using preliminary data.

MemeFi’s partnership with Mysten Labs will integrate Sui’s Layer 1 blockchain, including its Move programming language, designed for secure and efficient transactions.

This integration will also introduce on-chain tools gradually, keeping users engaged after launch and providing extra incentives to its community.

Mysten Labs will also assist MemeFi with marketing efforts and lend product expertise to the project.

MemeFi describes Sui’s technology as “a tech miracle offering cheap and fast transactions with unlimited scalability.”

The integration will also bring exciting updates like airdrop campaigns and new in-app features, creating a smooth experience for MemeFi’s large user base of 60 million players and 21 million Telegram followers.

In other news, MemeFi’s $MEMEFI token is now available for pre-market trading on OKX, giving the community early access ahead of the official Token Generation Event (TGE).

This follows MemeFi’s partnership with Binance on October 7 to launch a $150,000 prize pool featuring luxury rewards from 4 Franck Muller watch brands and 20 iPhone 16 Pro Max phones for its community.

By listing $MEMEFI on multiple exchanges, MemeFi aims to provide users with an early trading experience before the full market release.