Nowadays, MEME culture has become very popular in our lives, especially on social media platforms. It is not only a fun way of interaction, but also a powerful tool for driving social change. Furthermore, MEME now also has a huge influence in the cryptocurrency world. These interesting or resonant images, videos, or phrases can be used to promote new projects or existing digital assets. For example, coins like DogeCoin, Shiba Inu, BabyDoge, etc. have gained widespread attention through MEME culture. But how much do you know about a successful encrypted project that combines MEME with DeFi?

1. Current Status of MemeFi Track

1.1 Current Status of Blockchain Games

According to the data from Footprint Analytics, the Ronin chain currently occupies the majority share in the blockchain gaming sector, accounting for 35.87%. From March 2023 to the present, although the total market capitalization of GameFi has fluctuated weakly, the overall market conditions are better than last year. The game data on different chains is gradually increasing, and although the growth is slow, it has maintained an upward trend since 2023.

The above data shows that many game projects launched this year are mostly deployed on the Ronin on-chain, attracting a large number of existing users and new users to invest. Despite the cooling phase of the GameFi zone, the market still holds an optimistic attitude towards the GameFi track, with new Web3 entrepreneurs constantly launching new types of GameFi projects and actively laying out the track.

1.2 MemeFi Track Status

In this bull market, MemeFi has quickly emerged as a new force in the cryptocurrency field, combining meme culture and the underlying logic of DeFi to create a novel and attractive form of investment and entertainment. This unique combination has attracted a large number of young investors who not only seek investment returns but also enjoy the fun and social interaction brought by meme culture.

In the MemeFi track, many projects quickly become popular through creative and humorous memes. For example, meme coins like DogeCoin and Shiba Inu have not only attracted a large number of fans with funny images and cultural narratives, but also achieved a rapid pump in price in a short period of time. Currently, the variety and quantity of MemeFi projects continue to increase, with constant innovation. Some projects are not limited to traditional meme tokens, but are also exploring the integration with NFTs, games, social, etc., providing more diverse functions and experiences. These innovative attempts not only enrich the connotation of MemeFi, but also bring more opportunities for users to participate and invest.

Despite the opportunities in the MemeFi sector, there are also many challenges. Some projects often struggle to survive in the long term due to a lack of practical use cases and sustainable development strategies. As the first MemeFi project on-chain on BSC, how did CST ignite MemeFi and start the viral spread?

2. Analysis of Crypto Samurai Project

Website:

Twitter: _SamuraiGame

Telegram:

Project Introduction

CryptoSamurai is an innovative Gamefi game set in feudal Japan, where players can recruit warriors, wage wars, and engage in trade in a strategy-driven free economy. It employs a dual token model (CSD and CST) for economic activities and governance, offering four game modes: Explore, Abyss, Territory, and Ladder. The game has no entry barriers, emphasizing fairness, freedom, and income distribution. CryptoSamurai aims to create a vibrant community and become a Gamefi legend.

Project Mode

• Exploration: Players gain a significant amount of experience in this mode and, after reaching the Newbie level, they will receive CSD rewards starting from level 10. Afterwards, a certain amount of CSD will be consumed when capturing territories and participating in ladder matches.
• Territory: Players can use a certain amount of CSD to attack any territory, with different territorial benefits. CST is generated based on the proportion of player occupation time and can be used for the construction of the entire ecosystem.
• Abyss: Players can obtain high-quality weapons and equipment through this mode, which can greatly enhance the combat effectiveness of warriors. High-quality weapons can increase their level and growth, and upgrading weapons requires consuming CSD.
• Ladder: Suitable for high-level players, players with a certain level of combat power can participate in the ladder mode. At the beginning, they are ranked in the order of entry. Later, players can challenge others within a certain range of rankings. If successful, they can exchange rankings and get rewards.

Core Highlights

• Free to Earn: Players can participate in the game for free and receive rewards.
• No threshold: Obtain game characters through official activities and airdrops. The characters can directly enter the game without the need to purchase NFTs to qualify for admission, truly achieving GameFi that connects everyone.
• Folding Theory: Through the Folding Theory method, players are managed in layers to improve user profit distribution and effectively expand the ecosystem.

Technical Innovation

CryptoSamurai proposed the application of the folding theory in blockchain games, dividing players into three layers:

• Regular players: Enjoy the game for free and get upgrade rewards.
• Advanced players: Buy NFT characters and equipment in moderation to enhance combat power and start making a profit.
• Experienced players: Buy high-level NFTs to get higher-level characters and equipment, significantly improve combat power, and get rich returns.

By refining operations, the three will be better folded together to achieve better ecosystem construction.

Token Economics

Dual token model, divided into governance token and gaming token

• Governance Token: CST

Core utility: Conquer territory; ladder race, recruitment, character upgrade, governance, etc.

• Game Token: CSD

Core utility: Used for upgrading weapons and attacking territories, etc.; obtained through exploration and ladder battles. All tokens are generated only in the game.

Token distribution is as follows:

• Seed Round: 5% (TGE 5%, Lock-up Position for 6 months, linear unlocking for 24 months)
• Private Sale: 10% (TGE 5%, Lock-up Position 6 months, 24 months linear unlock)
• Core Team: 10% (Lock-up Position for 6 months, linear unlock for 24 months)
• Game Output: 60% (TGE 5.42%, generated after the game goes online)
• Ecosystem construction and listing: 10% (linear unlock for 24 months)
• Community: 5% (TGE 25%, linear unlocking over 12 months)

Project Progress

• Q4 2022: Project Development Launch
• 2023 Q1-Q2: Community construction and marketing promotion
• 2023 Q3-Q4: Open Beta testing and establish partnerships
• 2024 Q1-Q2: Game function development and detail optimization, Token online
• 2024 Q3-Q4: Game public testing, iterative updates, ecosystem expansion
• 2025 Q1-Q2: Achieve cross-chain interaction and personalized experience of artificial intelligence, card creation platform
• 2025 Q3-Q4: Building the Metaverse and Open Platform

According to official disclosure, the product will be launched online after TGE, and the product has been developed and is about to start public testing.

Bright Performance

1. The governance token CST was first launched on Gate with a successful over-subscription of $120 million.

CST governance token has completed its initial coin offering on Gate Startup, raising 2156% more than the target amount, with a total fundraising of 1.2 billion US dollars, attracting 73,769 supporters. The CST/USDT trading service was launched on June 17th.

2. The actual circulating market capitalization is less than 10%, with the majority of tokens being concentrated and held for the long term, and the coin price is performing healthily.

CST opened with a market cap of about 30 million US dollars, which has now increased to about 65 million US dollars, but the actual circulation market cap is less than 10% of the total market cap, and the overall performance is good and stable. In less than 10 days of being listed, the price of the coin has increased by 600%.

3、Build a unique arena in the MemeFi field

CST has introduced some innovative and fun games in the MemeFi ecosystem, cleverly integrating popular meme culture and engaging gaming elements, promoting the rapid spread of project culture.

4. Already audited and launched by professional security agency Armors

Armor Labs conducted comprehensive contract testing and found no security vulnerabilities, all passed security audits as "safe".

5. The game development has been completed and can be launched at any time, in line with market trends.

The current Bitcoin ecosystem and the staking ecosystem are developing weakly, and the blockchain gaming sector is expected to experience a trend of pump. As one of the sectors with a hundredfold effect in the previous bull run, $CST is expected to reach a market capitalization of at least 400-500 million dollars.

6. Global Leaders Node Launch Conference: The comprehensive potential of $CST is accelerating

The CST team plans to launch the Global Leader Node Launch Conference in Dubai in July to further expand its influence and attract more attention from MeMe+GameFi players.

3. Summary

At this stage, the GameFi track has seen a growing number of proprietary gaming public chains and higher-quality gaming projects. Although the whole-chain game is still in its early stages and the entire track still needs time for iteration, this also provides an opportunity to explore early and high-quality projects. By addressing the problems and successful cases in different iterations to promote ecological development, such as over-reliance on continuously growing users to maintain their economic models, high user thresholds, excessive emphasis on profit models at the expense of gameplay, and centralized data storage issues.

Therefore, GameFi plays a very important role in the encryption market and will become a high market cap track in the future. We should pay more attention to early-stage projects in the market and look forward to their takeoff.