After issuing the C4G3 cryptocurrency, the CAGE platform has introduced the Cage Meme Index – CMI token. What’s that? It’s the index coin reflecting the price performance of five altcoins. Find more details in the following paragraphs. Also, get insights on how to trade CMI tokens on the Tokpie exchange.
Update: Project’s website is not working.
Update: the project is relaunching the coin.
CAGE’s advantages
The CAGE is a crypto protocol aiming to track the performance of top meme tokens and more. Also, the core team member is the Cage Master. He is a blockchain enthusiast and investor from Africa. Moreover, this man has already been working in the crypto industry on many startups since 2018. Besides, he has founded Scrate and Phoenix projects.
What’s the Cage Meme Index?
The Cage Meme Index is a pool that consists of an equal weight of the following cryptocurrencies: C4G3, renDOGE, SHIB, DOGELON, USDC. Hence, users can hedge their positions and decrease the price dump risks by obtaining a $CMI index token instead of purchasing each meme-coin separately.
What’s the CMI token?
So, the CMI is an ERC20 token that reflects the price movements of four top meme altcoins and one stablecoin. Yes, that’s like an index on classical stock exchanges. Also, important to note that developers can take a streaming fee of 1% at any time. It means that the token’s creator can accrue a 1% annualized fee from the coin’s total market cap.
- Token Name: Cage Meme Index
- Symbol: CMI
- Website doesn’t work.
- Token total supply: 14,010.
- Smart contract address: 0xbba8120b355bc70e771f28e151a141a126843cdf.
How to buy CMI token?
To purchase CMI tokens for ETH or USDT do three simple steps:
- Fund your account with ETH or USDT. If you don’t have crypto, you can purchase it with a bank card in a few minutes.
- Open the CMI/ETH or CMI/USDT order book and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
- Withdraw CMI tokens to your personal ERC20 wallet or hold them on the account.
How to sell CMI tokens?
To sell CMI tokens for ETH or USDT do three simple steps:
- Deposit CMI tokens into your account.
- Open the CMI/ETH or CMI/USDT order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
- Withdraw ETH and USDT to your ERC20 wallet or hold them on the account.
How to deposit CMI token?
To deposit CMI tokens into your Tokpie account, follow this guide. Also, make sure that you are going to deposit ERC20 tokens that relate to this smart contract address. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.
Note: Tokpie doesn’t charge any fees for depositing.
How to withdraw CMI tokens?
To withdraw CMI tokens from your Tokpie account, use this instruction. Besides, you must have ERC20 compatible wallet address to be able to withdraw tokens. Also, check the withdrawal commission.
Disclaimer
Also, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance.
Useful links to trade CMI tokens
- Market to trade Cage Meme Index tokens: CMI/ETH or CMI/USDT.
- Also, check trade statistics on Tokpie.
- Tokpie’s trade fees and withdrawal commissions.
For any questions, contact Tokpie at https://t.me/tokpie.