Carlossy Caterpillar (CARL)
If you use the internet regularly, I’m sure you’ve heard about the legal battle between Mark & Spencers and Aldi about their caterpillar cakes. As one of M&S’ best-selling products, they believed their ‘Colin Caterpillar’ cake was being copied by Aldi’s Cuthbert Caterpillar cake. After a lot of back and forth, the infamous caterpillar soon became a viral meme. In the end, both companies called a truce and both caterpillars were saved. However, this battle sparked a new meme coin, Carlossy Caterpillar (CARL).
What Is Carlossy Caterpillar?
A new meme coin to enter the market, Carlossy Caterpillar runs on the Binance Smart Chain, one of the biggest blockchains in the market. Meme coins are generated from different backstories and target individuals that enjoy memes and are interested in the backstory behind the coin. Hence, the CARL token has been created as a result of the caterpillar cake debate, appealing to individuals who are knowledgeable about this and enjoy memes.
Besides being a meme coin, Carlossy Caterpillar exists to help the development of the blockchain system, a digital asset aimed at transferring authority from the government to crypto users. Additionally, CARL will be used for staking and trading, allowing it to become an integral part of the system. The creators of this token are aiming to make Carlossy Caterpillar a worthy competitor to the existing meme coins.
How Meme Coins Compare To Utility Coins
Although meme coins are created to serve no real purpose, most of them are designed solely to earn quick profits, whereas utility coins such as Polkadot (DOT) and Avalanche (AVAX) have more purpose than just earning profits.
Polkadot is an open-source multichain protocol that connects and secures a network of specialised blockchains, allowing users to transfer data and assets through different blockchains. DOT aims to provide a foundation for decentralised internet of blockchains, also known as Web3.
Similarly, AVAX is another utility coin that is known to be the fastest smart contract platform in the blockchain industry. Focusing on fast speeds, low costs, and being eco-friendly, any smart contract-enabled application can outperform its competitors by working with Avalanche.
Hence, CARL is a much simpler coin and is designed for crypto enthusiasts that prefer purchasing tokens based on entertainment.
Why Buy CARL Tokens?
Carlossy Caterpillar is in presale which means token prices are low and are likely to rise after its official launch. This is to help it build a strong community and raise funds before launch. By purchasing these tokens early, there is more room for profit plus many users feel good about watching a crypto project develop from the very beginning.
For example, the users that invested in DOT and AVAX early on in their journey would have earned major profits as they are both currently ranked in the top 20 by market capitalization. Furthermore, it seems as if CARL has strong potential to become a big competitor in the crypto and meme coin market.
Nevertheless, it is best to conduct thorough research before making any decisions.
Learn more about Carlossy Caterpillar here:
Carlossy Caterpillar (CARL)