PLAY!

Learn how to get into the game here:

There are two ways to earn in MemeFi:

1. Rewards from Missions

2. Keys

They are intertwined, so you need to know about both to max out returns.

Missions

There are two missions you really care about: Boss Fights & Clan Raids.

Boss Fights

Navigate to Boss Fights via Main Menu >> Boss Fight

Click Attack for X PWR >> Confirm

PWR (=$0.001) is a virtual (off-chain) stable token spent in missions. The more PWR you can spend, the better for you return. This value, called strength, depends on your 1) max historical PWR balance 2) your level

Wait for the animation to proceed

The battle outcomes are probabilities: they are calculated based on your strength and the boss’ strength.
The exact formula is p = yourStrength/(enemyStrength + yourStrength)

Boss Fight Rewards

Once you deposit ETH and buy PWR, you can spend a fixed amout of it, called strength, on the boss mission. It determines your expected daily return.

To learn how long the reward cycle is, divide your maximum historical balance by your strength. A full cycle will give you 100% to your PWR deposit. The inverse of the reward cycle (1/numberOfDays) is your daily return.

A part of your rewards is distributed between keyholders, equally per each key.

You can increase your daily return by upgrading levels in your Profile (the upper left corner of the Main Menu). You can also receive additional return by buying keys, hence receiving yield from them.

You can claim your reward in the Rewards tab of your Wallet.

The rewards are first deposited to your clan’s treasury, where they can decrease or increase (both by less than 5%) due to clan raids. The rewards are available for claim on the third day after you completed the mission.

Clan Raids

Navigate to Clan Raids via Main Menu >> Clan Raid

Click Attack for X PWR >> Confirm

PWR (=$0.001) is a virtual (off-chain) stable token spent in missions. The more PWR you can spend, the better for you return. The value you spent in clan raids depends on 1) your weight in the clan’s total PWR 2) the amount the clan memelord has set to initiate the raid

That’s it! You can return to the main menu now.

The battle outcomes are probabilities: they are calculated based on your clan’s strength and the enemy clan’s strength. The exact formula is p = yourClanStrength/(yourClanStrength + enemyClanStrength). The reward is variable, but is not more than 5% of the enemy treasury.

Clan Raid Rewards

Clan raids are initiated by memelords. They allow clans to steal rewards from another clan’s treasury (<5%).

Both clan have strengths that depend on their memebers’ PWR. While the defender clan’s strenght is calculated as a percentage of their total PWR, the attacker strength is set by the memelord.

Keys

Keys are a super weird mechanic that lets you get your rewads soo much higher.

Keys are basically “shares” of users that are minted on demand. The user’s rewards are divided into two parts: base rewards and surplus. The surplus is shared per key in equal parts. So, if a user has high rewards, you can get some of that by buying their keys.

To make it clear, let’s have a look at an example:

The supply of this player keys is 43, which means the surplus will be divided between 43 keys.

The player owns 31 of their own keys, which means they will receive their base reward and 31/43 ~ 72% of their surplus rewards.

The rest (28%) will be distributed among their key holders as yield.

In the Statistics tab, you can see the total amount of PWR this player has:

At the current rate, this is equal to ~$1500, which will be distributed among keyholders in the reward cycle (the timespan until their PWR supply is exhausted).

As of now, one reward cycle gets the player a 100% profit (that’s 365% APR btw). Per key, the total yield is $1500/43 ~= $35 (their profit divided by the number of keys) in the reward cycle.

Key price

The key price is governed via a qudratic bonding curve. What does it mean? It grows faster and faster with each buy.

You can see that the key of a player above, with a supply of 43, is worth almost $350!

Why buy other players’ keys?

1. Speculating on key value

   For some reason (this key offers good yield or it’s from an influencer account), you expect the key price to grow. Buy the key and sell when you think the value is good.

2. Getting yield

3. Generally, when you see a new player with a cheap key and a lot of PWR, it’s a good idea to buy a bunch. You’ll be getting regular yield from this player.

Exploring players

There are two very important tools that could help you out find good key deals:

• The Explore tab

Here you’ll be able to sort players according to 1) the value of the keys they hold 2) the trading volume & 3) account creation date, as well as see new trades.

• The Leaderboard

The Leaderboard may also be of help, with users ranked according to their strength & PWR, key value and earnings.

This is it for today! GL in MemeFi & may the pump be with you and your keys!

PLAY!