With an average positive price change of 21.71%, PolitiFi meme coinsare outperforming the market today. Trump-themed coins have recorded the largest gains over the week, with MAGA (TRUMP) rising by 6.53% and MAGA (MAGA) soaring by 34.52%.
The approaching US Election Day is likely the reason behind the recent success of PolitiFi coins, a brand new ICO in is looking to capitalize on the election.
FreeDum Fighters Takes a Unique Approach to the PolitiFi Meme Coin Space
The PolitiFi sector is brimming with coins themed around politicians, including Trump, Kamala Harris, and Joe Biden. While partisan tokens like MAGA or Kumala Herris (MAWA) are as polarizing as the real-world political scene, FreeDum Fighters is shaking up the PolitiFi space with its innovative approach.
The main focus of its ICO is to provide a stake-to-vote mechanism to DUM holders, in which they can pick between backing “Magatron” or “Kamacop.” Representing Trump and Kamala, the two choices have separate staking pools, and investors stand to earn better rewards by backing the underdog.
With 54 billion tokens allocated to the staking pool, FreeDum Fighters has ensured its backers can stockpile their DUM during the presale. Those backing Magatron can currently earn a 296.18% staking APY, and staking DUM in Kamacop’s favor offers an 896.64% APY.
Besides the presale’s massive staking rewards, DUM holders can participate in the FreeDum Debate events scheduled for every week. This week’s debate is already , and the winning side stands to earn 10 million DUM.
10% of the total token supply, or 27 billion DUM, is set aside for the FreeDum Debate weekly winners, giving investors a chance to stake even more DUM to show their support and reap the rewards.
DUM ICO Raises Over $385K as Election Day Draws Closer
The combination of a satirical approach to the US election, high staking rewards, and strong presale fundamentals is drawing more investors to the DUM ICO daily. The has already raised over $385,000 since its inception on October 17th and is only gaining traction.
With 40% of the total token supply reserved for the presale, investors can still join by purchasing DUM using ETH, BNB, BASE, SOL, USDC, or USDT.
While the current per-token price of DUM stands at $0.00006, it will increase to $0.000065 in just two hours, as the presale follows a 4-phase schedule. Each phase has five stages that see DUM’s price rise, showing that the presale heavily favors early backers.
Currently, the presale is in its third stage of Phase 1, meaning DUM’s price is at one of its lowest points. By the end of Phase 5, the per-token price is expected to rise to $0.0001462.
With 20% of the total DUM supply allocated to liquidity, its team shows a strong focus on investor trust, as it minimizes the risk of a rug pull and lowers slippage. Additionally, the project’s smart contract has been audited by and , which found no critical errors in its code.
Experts Praise DUM’s Focus on Community Growth as it Launches a Giveaway
Although geared toward the PolitiFi audience, DUM is a meme coin, and meme coins often thrive on having a large community and robust security. To boost visibility and attract new investors, FreeDum Fighters uses a portion of its remaining token supply for marketing.
It has already gathered over 2,800 followers across and and launched a 1,000 USDT that will see five lucky winners split the reward. To join the giveaway, investors simply have to interact with its social media pages and submit their DUM wallet address.
Investors can earn additional entries for the giveaway by referring their friends. Plus, referring a friend who purchases DUM will reward the referrer with 5% of the total investment amount in USDT.
Austin Hilton, a crypto analyst, suggests that investors should join the presale in its early stages while the staking APY is high. He sees explosive potential in DUM, anticipating a soar if Trump wins the election.
DUM’s per-token price will rapidly rise as the presale progresses through its 4-phase system, making this the last chance for investors to secure it at its current price.