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Meme tokens have had immense success after launching on the market as a joke with Dogecoin ($DOGE). This niche gradually became a serious business as the coins’ market cap grew exponentially.
The C4G3 Meme Index is the world’s first digital asset index designed to track the performance of meme tokens within the cryptocurrency industry. Our review will look closely into this new project and provide the readers with the main details shared by the founding team.
Creating an index to keep track of the meme tokens phenomenon enables traders to keep up to date with this sector. Considering the high quantity of tokens of this kind on the market, relying on an expert opinion can appeal to investors.
The following subsections will analyze the C4G3 (or “CAGE”) project, starting from the market background and moving toward the products designed by the team.
The Project’s Background
Sarcastic meme token Dogecoin was founded in 2013 to poke fun at the cryptocurrency mania. Dogecoin was one of the largest gainers during the cryptocurrency boom in 2017. As time went on, the community behind this meme coin became stronger and stronger, culminating in Elon Musk being elected CEO in 2019.
In this context, you might also think of Shiba Inu and other meme tokens that have all outperformed many coins due to this $DOGE’s hype.
The C4G3 team feels that memes are one of the finest marketing techniques. Using a meme as a foundation, the group claimed to be able to create actual products that would pass the test of time.
Year after year, the cryptocurrency market is developing and evolving. The Cage Meme Index is a project that wishes to aid this new economy.
The C4G3 Ecosystem
The project’s ecosystem consists of a token ($C4G3), a crypto meme index, and a cross-chain index. Specifically, here are some details about the pillars at the core of the initiative:
- $C4G3 token: The $C4G3 token serves as the ecosystem’s initial product. On Ethereum, it’s the sole meme token from the Meme Index protocol, an equally-weighted index token of the most popular and trading meme tokens. This currency comes with a fixed supply, no deflationary nature, and no tax on transactions.
- Crypto Meme Index: The Meme Index (CMI) is a digital asset that tracks the performance of five tokens: four among the most famous meme tokens with the addition of a stablecoin. It constantly looks at how each of these tokens performs on the market.
- Cross-Chain Index: CCI is an index of some of the best-performing blockchains in the industry. It considers several important factors, including but not limited to the solutions each of these chains has come up with to solve previous and future blockchain problems. Cryptocurrencies like ETH, BNB, and AVAX are part of the CCI Index Portfolio, but they are not the only ones.
How Does C4G3 Include a Token in Its Index?
The team applies a specific methodology before including a token in its index. For starters, the coin must run on Ethereum and have no transaction taxes. C4G3 also looks at the token’s smart contract and excludes any project having the chance to mint new tokens or reduce the supply through burning operations.
The project also requires at least 90 days of trading with healthy and robust liquidity on the market. These tokens should also be present on price tracking portals such as CoinMarketCap and CoinGecko.
From a legal point of view, the token should not be seen as a security by the regulators. Last but not least, the project should be labeled as belonging to the meme coin market.
There are also other aspects that C4G3 sees as relevant. For example, there should be a well-defined maximum token supply, and the project should have gone through a professional audit service.
The team has designed a roadmap divided into four phases to relaunch the project on the market and create awareness. The following sections mention a few of the milestones of each step.
The first phase was labeled “launch,” and it features, among others, the following tasks:
- The official announcement of the C4G3 token.
- Initial fundraise.
- C4G3 Contract Audit.
The second phase, known as “sale,” mentions other essential milestones, such as:
- Private Sale.
- Sale distribution.
- CoinMarketCap and CoinGecko token listing.
Moving on, the “Index” phase will feature other essential operations. We have included a part of them below:
- Website Revamp.
- CoinMarketCap and CoinGecko listing for CMI.
- Governance Platform.
The team will enter the “Staking & NFT” phase as the last step. At this point, the team will be busy working on a series of advanced features, such as:
- Deployment of Staking contract.
- Liquidity farming Program.
C4G3 plans to enter the meme token market, providing a tracking tool system and a new cryptocurrency. The high amount of meme coins could confuse investors, and we will soon realize whether traders will award this project with their confidence.
While we wait for new developments, anyone interested in learning more about C4G3 can look up the project’s website and social media pages.
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