What is Minifootball (MINI FOOTBALL) Crypto and why is it rising?
April 26, 2022 (Investorideas.com Newswire) The popularity of the MiniFootbal meme token has increased in the past few months, with its new investors stemming from a variety of industries.
But what is the coin all about, and what events have led to its rapid growth despite the countless allegations lobbed its way?
This article will look at how Minifootball crypto works, the token's short-term progress that is leading to its quick growth, and the project's long-term aims to see what buyers can expect in the future.
What is Minifootball?
Minifootball is a new cryptocurrency project based on the Binance Smart chain network that tries to bring football and cryptocurrency together. It's a token that's meant to look like meme coins like Dogecoin and Shiba Inu, but with a host of more features.
The token has attracted the attention of major figures in the football industry, and some of them have given it their approval while hosting live online Ask Me Anything (AMA) and Question & Answer sessions. Some of the football stars who have endorsed Mini Football token include Ronaldinho, Marcelo, Thiago Silva, and Dennis Suarez.
The Mini Football token was created with the goal of creating a cryptocurrency token that would appeal to football aficionados all over the world. Their goal is to make the $MFT token the world's most useful football token.
Following multiple allegations, the project's community and team collaborated to bring the project to life with new features to improve it.
Price and Performance History
However, when the project was first created in 2021, it fastly gained a community of over 50,000 Telegram users and token holders. Within 12 days of its launch, the token was already trending on Coinmarketcap, Coingecko, and other crypto platforms.
It began trading in August 2021, and by September, it had grown to a market capitalization of $80 million. The Minifootball token broke $0.0000000001 in September 2021, and it ended the month at $0.00000000006. However, it rebounded a little in October, reaching $0.00000000014 at the end of the month.
In December 2021, the token hit an all-time high of $0.000000000579 on the ninth day of the month. As a result, it ended the year at $0.000000000028.
The token, which has up to 10 zeros in its pricing, became stagnant in early 2022, and its price began to drop. On April 6, it was trading at $0.000000000019, then on April 14, it increased by 800 percent, bringing its price to $0.000000000115.
Because the token is still relatively new and trades for a fraction of a cent, it may be difficult to anticipate its performance accurately. However, several industry experts have Minifootball price predictions for 2022, 2023, 2024, 2025, and 2027, respectively.
In terms of token economics, 2% of each transaction will go toward project development, 3% of each transaction will go into pancakeswap liquidity, 3% of each transaction will go toward marketing, and 4% of each transaction will go to the token holders. The Mini Football token has a total supply of 100 quadrillions with a later-activated buyback system.
The Ecosystem
The $MFT symbol stands for Mini Football Token, which is the project's native utility token that powers the entire ecosystem.
On the token's discord server, the community and the organization behind it regularly hold many competitions, including weekly FIFA tournaments. It has a reward system that promises once-in-a-lifetime opportunities to fans.
It also hosts a 2D football game in which players use a pet character to avoid obstacles and collect as many Mini Football tokens as they can. This game has two alternative playing modes: a practice mode with no earnings associated, and a play-to-earn (P2E) option where users can earn tokens.
It is fair to say that the benefits of the Mini Football project are vast and that they are adding to how people view the meme coin project, hence expanding the community. The following, among other things, are the benefits that can be derived from the Mini Football project:
Weekly Giveaways
Mini Football gives back to its large community, which is an important element of its mission and roadmap, by sponsoring weekly giveaways on its Twitter handle. It not only gives out $MFT tokens but also match tickets and jerseys, some of which have been formally signed, and Soccer Legend Cards from football giants such as Ronaldinho.
Football Fantasy
The Mini Football initiative also offers a free fantasy football league. Players can compete against one another, their friends, and other $MFT token holders, and will be rewarded with tokens if they win the league championship.
This is a significant component in which token holders profit from the ecosystem. Players can win large sums of money by scoring points based on how their players perform in real-life matches.
Monthly Tournaments
Monthly FIFA tournaments with a prize fund of up to $5,000 are always held on the company's Discord servers.
What other developments should holders expect?
The ecosystem is still undergoing many changes. Some stages of the token's journey have already been completed, while others are still underway. The following are some of the interesting developments you may expect as a holder or a new purchaser in the Mini Football community:
P2E HeadBall Game:
NFT characters and superpowers will be available for purchase and sale in this game. The game will, according to them, serve as a Play2Earn NFT version that everyone will enjoy playing. However, after the development is complete, further information and previews will be made accessible to the public.
MFTGram
Developers are also building a photo-sharing social platform for crypto and football lovers to share game predictions, experiences, and thoughts, whether in person or directly from the stadium.
Users will be able to win incentives such as match tickets, flights, and other stuff through the usage of a gamification system.
NFT Collection and Marketplace
The NFTs collection for Mini Football is still being developed. The collection, they claim, will be the sole true NFT collection for football and doge fans. Their native NFTs marketplace will be released in conjunction with the introduction of their NFTs collection, allowing users to effortlessly buy and trade NFT arts. These Non-fungible tokens will also be listed on other major marketplaces like OpenSea and Rarible.
Closing Thoughts
Following various difficulties in the past, the Mini Football token has been operating steadily in the recent past. Many new features are being added, while other existing ones are being rebranded in order to achieve the project's both initial as well new goals.
Although the token functions in fractions of a cent, this should not be considered a disadvantage because this form of the token may be efficiently controlled collectively by community members. Thanks to the token’s upcoming developments, it's reasonable to assume that the Mini Football token's future will be full of exciting moments for its holders.
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