Meme Tokens that can elevate your crypto portfolio: Akita Inu (AKITA), Dogelon Mars (ELON), and Mehracki (MKI)
A strong community is vital in every business. Meme coins are playing that role in the cryptocurrency ecosystem. Cryptocurrencies such as Shiba Inu and DogeCoin have attracted many crypto enthusiasts. These coins have moved from shitcoins to gems with real utility. Further crypto projects will be introduced as utility tokens continue to grow. Mehracki news…
Many of these meme tokens initally start at a low price, which is a positive strategy to attract novice and sceptical investors. Each meme coin on the market has unique features that are able to occur due to blockchain technology. Therefore, investors should expect different things from these tokens, including their ability to multiply your portfolio by 10X. In this piece, we’ll look at three meme tokens.
Akita Inu (AKITA)
Akita Inu is an ERC-20 meme token. Initially, it aims to mimic the popular meme coin, Dogecoin. Akita is a Japanese dog breed. The look of Akita is replicated for the Akita Inu project. Akita Inu is supported and spearheaded by the Polarfox community. The Polarfox community were the early investors of the Akita Inu meme project. The community is working to ensure the development of Akita Inu. In no time, Akita Inu will be launched on the Avalanche network, which comes with lower gas fees.
After going on the Avalanche network, Akita Inu will transform into a decentralised social media community where people can interact anonymously and earn money. The AKITA foundation is also providing educational material on smart contracts. The protocol has two tokens, AKITA and gAKITA. AKITA is the native token, while gAKITA plans to be used to support positive interactions. When a user posts content and receives upvotes, they stand to earn gAKITA tokens. One thousand upvotes will yield 0.01 gAKITA.
gAKITA plans to have more external value than the native token, providing users with more control of the platform depending on how frequent the token is being issued. All-in-all, an active community behind the AKITA foundation is making the project undergo massive developments.
Dogelon Mars (ELON)
Dogelon Mars is one of the memecoins that got inspired by Dogecoin. Interestingly, the token was named after Elon Musk and DogeCoin. Elon Musk publicly supported DogeCoin. Hence, the merger of Doge and Elon. Since tokens like SHIB and Doge have moved from just shitcoins to worthy tokens, Dogelon Mars has successfully attracted a large number of supporters and also has experienced a price spike. The coin has been traded on multiple exchanges for close to a year.
However, investors need to be wary of the token. You should not be surprised to learn that ELON has no whitepaper. Although the coin has been trading for over a year, it is not qualified as a safe long term investment. Furthermore, there has been no official statement about the essentiality of the token nor its unique functionality. It may be easy to dispute that the coin is not a rug pull, but will it yield results for investors? Currently, there has been no published roadmap for the ELON token. It goes to show that people hodling ELON have only hope that the coin will grow. Hopefully, in the near future, real utility for ELON will be available.
Unlike other meme coins, Mehracki has utility. It is a Solana based token designed as a feel good token. It derived from the word Meraki, a Greek term that means putting the trinity of creativity, love and soul into one’s activity.
Mehracki (MKI) will serve as a transactional token between customers and hospitality/tourism businesses. Additionally, it aims to verify transactions in the ecosystem. The team behind the project will also be collaborating with companies to foster the growth of the token. Hodlers can pay with Mehracki without worrying about swapping exchange fees. Not only can MKI be used for payment, but also for governance. Participants can vote on changes and policies to the protocol. Users can also stake their tokens in yield farming.
More information on Mehracki (MKI):
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