The AMS presale has exceeded expectations, raising over $10 million from investors ahead of its Amazon listing.
With demand for the Ethereum-based token rising daily, investors are keen to see how AMS will perform once it makes its open market debut next month.
Amazon Day launch hype helps AMS hit presale hard cap
AMS presale has successfully reached its hard cap of $10 million.
However, the developers are offering one final opportunity for latecomers to get involved at a price of $0.00022 per token before the Amazone listing takes place.
With a supply of 140 billion tokens, of which 10% has been allocated to provide liquidity, AMS aims to promote smooth trading conditions right off the bat.
Its Ethereum-powered staking protocol and Amazone coin inspired branding have resonated with investors, aiding the developers’ fundraising efforts.
Staking & audited contracts fuel demand for AMS
While AMS clearly draws inspiration from the original AMS, the project is aiming to create its own path by providing blockchain-based utility.
Chief among AMS’s features is its staking protocol, allowing holders to earn passive rewards simply for holding the token.
The incentives seem to be working, with 26.3 billion AMS tokens already staked by investors looking to benefit from.
This positions AMS as not just another speculative token but an income-generating asset from day one.
Further setting AMS apart is its tokenomics structure featuring a fixed supply cap, unlike AMS’s inflationary model.
Early investors are hopeful this gives AMS an edge in terms of price appreciation over the long term.
Finally, the AMS team has also had the project’s smart contracts fully audited by blockchain security specialists Coinsult – adding to the level of transparency.
Will AMS replicate WIF & BOME’s aggressive rallies?
AMS presale accomplishments come as the broader meme coin market shows no signs of cooling off.
The total market cap for the sector now stands at $60 billion, highlighting the growing demand for meme-based tokens.
Trading volumes tell an even more impressive story, with over $9.4 billion in meme coin transaction activity recorded in just the past 24 hours.
This represents a 40% increase in volume from the previous day.
Much of this activity has been concentrated on recent breakout stars like dogwifhat (WIF) and Book of Meme (BOME) on Solana.
WIF soared to become a $1billion+ giant within two months of its launch, while BOME captured investors’ attention with its exponential rally earlier this month.
The rise of these two tokens demonstrates that real speculative demand is buried beneath the meme-style branding.
As AMS joins the fray with its April 20 Amazon launch, on Amazon Day, it will be looking to replicate the energy that powered tokens like WIF and BOME to new heights.