The two famous ones that are still in the top 50 cryptocurrencies are Dogecoin (DOGE) and Shiba Inu (SHIB). Since their hype, there have been more than 300 meme tokens listed on CoinMarketCap to date.
Meme coins are tokens that are based on any internet meme, joke, or theme. Their value depends on influencers' endorsements, community, FOMO, and things that are done to arouse the masses and bring about hype.
As some whales and investors have also started taking some meme coins seriously by investing in them, some of the coins have deviated from just being meme tokens to utility-based tokens and Mehracki (MKI) is one of those. Let's dive deeper into it to find out why this token is different from the others, and what makes it comparable with the two giant meme coins ruling the market.
About Mehracki (MKI):
Mehracki (MKI) is a community-driven meme token built on the Solana blockchain which has been attributed to its lightning-quick transaction speed. The token will be aiming to provide fast, cheap, and borderless transactions while focusing on industries like hospitality and tourism.
The Mehracki (MKI) team seeks to develop an ecosystem that provides the users with:
- An independent and affordable utility token
- Decentralized Autonomous Organization (DAO)
- Yield farming
- A marketplace to showcase businesses related to hospitality and tourism along with their honest reviews
The mission of Mehracki (MKI) is based upon the following four values:
What makes Mehracki (MKI) superior to other meme tokens?
Meme tokens have become less trustworthy to invest in due to the absence of their use case, utility, or any real-life application or solution.
Here are a few reasons which show how Mehracki (MKI) differs from all of them:
- Utilitarian Model: a token being utilised in transactions between customers and businesses in the mentioned categories
- Incentivised Adoption: providing incentives on adoption, introducing a rewards system, and gamifying milestones unlike most meme tokens
- Real-Life Applications: Allows users to swap other cryptocurrencies with MKI tokens for utility purposes, as well as using the token in the NFTs market.
The Mehracki (MKI) Ecosystem:
Unlike most ecosystems, the team claims that its ecosystem has been simplified, interactive, and user-friendly. Mehracki (MKI) token will not be completely free; rather, each transaction will charge 0.5%, which is going to be used for maintaining the ecosystem, staking rewards, incentivising payments, liquidity pool, etc.
With the help of decentralization, tourist centers will eliminate intermediaries like financial institutions and will let hospitality businesses and end customers interact and deal in a one-to-one and secure fashion. As the world is gradually opening up for tourism, an increase in transaction volume will eventually increase the token's utility and its value in return.
The Mehracki (MKI) Community
Every meme token has the potential to go far because of the strength of its community. The stronger the community is, the more potential and value the token will have. We have great examples of this with the likes of Shiba Inu (SHIB) and Dogecoin (DOGE), they have a very strong community to save them from decline. As Mehracki (MKI) aims to give full control of decision-making to its community, it looks like this crypto has great staying and vast money-making potential.
Token Economics of Mehracki (MKI)
The token has a total fixed supply of 100M and from this, around 36% will be used in its liquidity and presale, while 20% will be utilised in the ecosystem (development and improvement) and 10% on incentives and rewards.
So if you are an investor looking for the next best new cryptocurrency, that could make a Millionaire, then look no further than Mehracki (MKI). It has a very promising roadmap and great features, which should help it compete with giants Shiba Inu (SHIB) and Dogecoin (DOGE) in the future.
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