Memhash is a pioneering Telegram-based game with over 1.5M monthly active users (MAU). It allows them to use the capacity of their devices to find the right hash of the Memhash hash blocks and earn rewards for blocks completed, using the same model of PoW consensus of Bitcoin. As some of the rumors among the crypto community suggest, it is a game founded by one of the team members of Major - another prominent Telegram game.
Although there’s no info regarding the project’s funding and inventors, Pavel Durov himself recently mentioned that the game earned over $500K only within 10 days since launch, suggesting much bigger returns as of now.
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Memhash is a leading web3 game and Telegram mini-app designed to onboard new users into the blockchain industry through an entertaining approach.
According to some rumors in the industry, the app was built by the same influencer and developer who designed the Major Telegram game, a token that has recently launched and listed on some major exchanges, including Bybit, OKX, Bitget, KuCoin, and others. The platform has been also implicitly promoted by the main Telegram influencer Pavel Durov, releasing a post about the unnamed Telegram mini-app CEO who earned $500K within 10 first days of operating without any other team members.
🎮 #Memhash gameplay: The entire gameplay of Memhash is built around its native token, which has already been confirmed and set at the 1B total supply. The game allows you to “mine” the tokens in a way similar to Bitcoin’s Proof-of-Work concept by finding the right “hash” of the specific block of the Memhash network either with your phone, tablet, or computer.
When a user finds the right hash for the specific block and finishes its creation, it receives 70% of all the rewards allocated to that block while another 30% of rewards are distributed among those players who were running the node and trying to find the right hash at that time, but failed to do so. However, to enter the game and start the mining process, you need to pay a fee to the platform in Telegram stars. The amount you need to pay depends on the workload of the app, or amount of users that have already played the game.
The amount of tokens you receive when failing to find the right hash before another user depends on the characteristics of your device, as it directly influences the amount of attempts to find the right hash. To limit the amount of time during which you can mine the tokens, the Memhash mining game implemented the “energy” economy where you spend energy during the mining period and recover it when you are offline, while the amount of energy that can be recovered or stored is also limited. However, you can increase the maximum energy amount by completing social tasks, inviting friends, as well as by purchasing energy storage, instantly refilling energy, or even speeding up your mining by paying a specific amount of stars to the platform.
🪙 Memhash token: As said earlier, the token and upcoming Memhash airdrop are already confirmed, with 100% of the supply being given to the miners. Hence, the only utility of the token is incentivizing users to engage in a game.
Considering rising interest among the crypto community towards the project, our team precisely analyzed it and found some interesting pros and cons of the Memhash Telegram game. So, you could make a more informed decision if it is worth participating in Memhash airdrop or not:
✅ Memhash pros:
❌ Memahsh cons:
Memhash is a popular Telegram “mining” game, by rumors built by the core team member of the Major Telegram game. It allows users to use their devices’ capacity to create a Memhash block, similar to Bitcoin’s PoW way, to earn Memhash tokens as a reward. The Memhash token will be used solely for rewarding the miners, as the project allocated 100% of the total supply for such a purpose.
Since the launch of mining on 29th October 29th, 2024, users have already managed to mine around 43% up to the day of December 23rd with 57% of the total supply left to be mined. Hence, the CoinLaunch team prepared a guide on how to participate in such an event.
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