MemeFi: How a Promising Project Turned Into a Scam
MemeFi started its journey riding the wave of Notcoin's success and positioned itself as a promising crypto project. However, over time, it lost credibility by aggressively pushing ads and persistently asking for donations and transactions from users. On November 22, the team announced an airdrop across multiple exchanges, but participants received only $1-2 each, which didn’t even cover their minimal costs. Token withdrawals are limited to the OKX exchange, despite listings on other platforms, leaving users with restricted options. With the current pre-market price of $0.01, which is likely to decline further, MemeFi has rightfully earned its reputation as a scam.