Rug.fun unveils meme coin investment game on Base network

Rug.fun recently launched a 24-hour game that draws investors into the volatile world of meme coins.

The two-stage game challenges participants to create or invest in meme coins to achieve the highest or lowest liquidity. Any coins that land anywhere in between when the timer reaches zero are completely intact.

The first phase of the game, which lasts 12 hours, allows players to create or purchase as many coins as they wish. However, only the first 10 coins will go to the second stage and all other investments will be refunded.

In the next “race” phase, players have another 12 hours to ensure their funds either top the charts or hit the bottom in terms of liquidity. To achieve this, players can purchase or trade coins, thus contributing to the “carpet pool” tax that is added to the prize pool.

When the 24-hour countdown ends, the first and last place tokens are declared the winners, receiving the entire prize pool, including any accumulated carpet pool tax. Tokens that do not fall into extreme positions are solid and lose all liquidity to winners.

AIRDROP, the first token in the game, was created by the Context team and is built on Coinbase’s Ethereum layer 2 network, Base. The team added addresses previously protected by other tokens and NFT projects such as BALD to the whitelist, allowing users to create or trade tokens on Rug.fun.

At the time of this writing, the game was in the racing phase; AIRDROP was ahead by a significant margin, while RUGDOTFUN was just behind in ninth place with $300,000. The prize pool currently stands at $260,000 and will be distributed to the first and last place tokens.

The new game comes in a cooler crypto market where developers and enthusiasts are implementing increasingly bold strategies to increase the token value.