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Rug.fun recently launched a 24-hour game that immerses investors in the volatile world of meme coins.
The two-phase game challenges participants to create or invest in meme coins to achieve the highest or lowest liquidity. When the timer reaches zero, coins that land anywhere in between are completely resistant.
The first phase of the game, which lasts 12 hours, allows players to create or buy as many coins as they wish. However, only the top 10 coins will move to the second phase and all other investments will be refunded.
In the next “race” phase, players have another 12 hours to ensure their coins top the charts or bottom out in liquidity. Players can purchase or exchange coins to achieve this, contributing to a “carpet” tax added to the prize pool.
When the 24-hour countdown concludes, the first and last place tokens are declared winners and claim the entire prize pool, including the tax accrued on the mat pool. Tokens that do not fall into extreme positions are resilient and lose all liquidity in favor of the winners.
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AIRDROP, the game's first token, was created by the Context team and is built on Coinbase's ethereum layer 2 network, Base. The team has allowedlisted addresses that were previously resistant to other tokens and nft projects, such as BALD, allowing users to create or trade tokens on Fun rug.
At the time of writing, the game is in the race phase, with AIRDROP leading by a substantial margin and RUGDOTFUN very close in ninth place at $300,000. The prize pool currently stands at $260,000, which will be distributed between the first and last place tokens.
The new game emerges in a fresher crypto market where developers and enthusiasts employ increasingly bold strategies to boost the value of tokens.
