Skip to main content

Have the Inu Tokens Finally Found Their Leader in Powered Gaming?

The decentralized nature of the crypto sector gives room for several cryptocurrencies to thrive amongst their communities. The industry currently has thousands of cryptocurrencies in active trading, some of which are tributes or representations of ideas or events. While many are much older and considerably more serious, several others are meme coins.

A meme coin is a cryptocurrency that gained popularity relatively quickly (with some much quicker than others), especially when it is based on an online event, phenomenon, or promotional effort. The definition also covers coins originating from jokes or other whimsical events or ideas. Generally, most people credit Dogecoin as the first meme coin, as it started as a joke back in 2013. Apart from paving the way for future meme coins, Dogecoin is also the first “dog coin,” featuring the face of the notorious Shiba Inu dog as its logo. Since it became popular, many other dog tokens have launched, and are now pulling in massive trading numbers. Following Dogecoin’s success, several dog coins – such as Shiba Inu – began to establish themselves. However, of all the dog coins available on the market, is there a clear leader yet?

Mononoke Inu

Mononoke Inu sets itself apart as a token focused on the community. Inspired by the popular childhood adventure picture, Mononoke Inu’s primary goal is to restore unity to the DeFi sector. The platform wants to repair trust between DeFi communities and teams by continuously listening to its community and engaging members.

Mononoke Inu also wants to change the current narrative about meme coins. For a while now, there have been a lot of bad actors and untrustworthy people who mislead and exploit members of the crypto community. In many cases, these people make many promises to members of their community, but end up meeting only halfway, and sometimes, not following through at all. Mononoke Inu will show the community that the DeFi sector, and crypto at large, can thrive in a community with honesty and a transparent push for DeFi improvement.

Roadmap

At the base of all Mononoke Inu plans is the community. The team split its current roadmap into several phases with a target of 150,000 holders and a $5 billion market capitalization at the end of the 4th phase. Other plans include partnerships with known crypto influencers to build trust with the public, as well as custom NFT contests.

Mononoke Inu is also developing a 2D play-to-earn game. Although there is no confirmed launch date as of now, the game will be web-based and available on desktop and mobile operating systems. Mononoke Inu’s game will be a play-to-earn offering that provides financial incentives to all players taking part. These players can earn by participating in and completing game levels or defeating game bosses. There will also be random power-ups that players can collect to multiply their earnings.

As part of community efforts and in addition to earning via regular gameplay, players can earn additional tokens by taking part in daily competitions where the three most impressive players will receive rewards. To sweeten the opportunity, players will also be able to collect NFTs to increase their chances of winning the daily contest. Before the final launch, Mononoke Inu will release early game previews for members of the community to contribute their opinions to the final release.

The Clear Leader

Although it is one of more than 80 “Inu” coins listed on CoinMarketCap, Mononoke Inu clearly leads the pack among Inu tokens and meme coins. Through community participation, Mononoke Inu’s plan for public involvement and general transparency has the potential to bring in the DeFi community in droves.

 



from NewsBTC https://ift.tt/3mMTY73
via IFTTT

Comments

Popular posts from this blog

Five Bitcoin Price Charts Analyzing The Dramatic Q1 2022 Conclusion

There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone for the year to come. In investments, a poor Q1 performance is indicative of a bad year ahead. Considering the fact that Bitcoin price is now above $45,000 after touching $32,000 this quarter, it is tough to say the performance has been “poor” by anything other than crypto standards. Related Reading | Bitcoin Weekly Momentum Flips Bullish For First Time In 2022 The cryptocurrency has recovered nearly 40% from the low, leaving a long wick behind. Such a long wick suggests that before the quarter came to a close, buyers stepped up in a major way. Buyers were able to step up in a larger capacity in Q1 2022 than bears were able to in the final quarter of last year. The bearish wick to cl...

FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer

On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far. Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to launder the money.  A crypto analyst who goes by ZachXBT on Twitter alleged that the FTX hackers have transferred a portion of the stolen funds to the OKX exchange, after using the Bitcoin mixer ChipMixer. The analyst reported that at least 225 BTC — worth $4.1 million USD — has been sent to OKX so far.  1/ Myself and @bax1337 spent this past weekend looking into the FTX attacker’s deposits to ChipMixer. It appears they’ve likely been transferring a portion of the stolen FTX funds to OKX after withdrawing from CM So far we’ve accounted for at least $4.1m (255 BTC) sent to OKX pic.twitter.com/C46JZWtktn — ZachXBT (@zachxbt) November 29, 2022 According to ZachXBT, the FTX h...

2 metrics signal the $1T crypto market cap support likely won’t hold

Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence. Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s ( BTC ) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets. For instance,  55,000 BTC was withdrawn from Binance on Oct. 26, a record high. Typically, analysts consider the reduced number of coins deposited on exchanges a bullish indicator, as the immediate selling pressure eases. Moreover, exchange and wallet provider Blockchain.com ...