The rapid growth of the crypto ecosystem has continued to birth new technologies & cryptocurrencies to the delight of users. From Non-fungible tokens (NFTs) to meme tokens, it appears the crypto sphere will only continue to witness rapid expansive growth. NFTs are media crafted off a Blockchain, while Meme tokens are cryptocurrencies inspired by the internet. However, meme tokens are growing in popularity daily, and investors are showing interest in Mononoke Inu.
What Are Meme Tokens?
Meme tokens are cryptocurrencies that got their inspiration from items found on social media. They possess features of typical cryptocurrencies like volatility, opaqueness, and transparency. Unlike standard crypto tokens, meme tokens are community-driven and rely on the impacts of their community. This is because they get colossal community online endorsement, with investors having Fear-of-missing-out (FOMO). Unfortunately, they can lose value in a flash, should their community turn its back on them or other projects.
Meme tokens are mostly unlimited in supply and have no fixed amount in circulation. Investors can hold them in so much quantity, primarily due to how cheap one can acquire them. Dogecoin (DOGE) is the first meme coin to grace the crypto space. Its developers created Shiba Inu as a parody in 2013. Its design was after the famous Japanese Shiba Inu dog. After DOGE, developers have created many meme tokens like Dogelon Mars, Shiba Inu, Akita Inu, etc.
The Mononoke-Inu Project
Mononoke Inu is a Japanese avant-garde anime television-inspired meme token built on the Ethereum Blockchain. The project creation of the project was from the idea of a true community focus. The developers also considered inspirations from childhood memories. Its anonymous development team made the meme token to take over the meme token market. They believe bad creators have plagued the meme token space, and Mononoke Inu will change that status quo. This is why one of the project’s goals is to create a token that will unify the entire DeFi community.
According to their whitepaper, the project will roll out in phases, and it is currently operating on its third phase. Phase one focuses on smart contract development and community building, while phase two takes a different approach. Phase two focuses mainly on feedback and improvements to the overall community experience. However, phase three of the project is currently the icing on the cake. This phase witnessed the launch of a custom-built game that has now improved the overall fortunes of Mononoke Inu.
About Mononoke-Inu Token
Mononoke-Inu is one of the newest meme tokens making waves on the Ethereum Blockchain. One of the unique attributes associated with the token is the excitement of its community behind it. The token currently has a total supply of 1000 Quadrillion, with more than 10% of that amount in circulation already. The market capitalization of Mononoke-Inu is around $11,974,242.72, with an average 24hour trading volume hitting $112,761. One percent of its total supply is going to redistribution and incentivizing the token holders, with 5% dedicated to marketing. Additionally, 5% of the 1% Redistribution is for burning in every transaction. At writing, 5% of the total supply is burnt. The token is currently on many exchanges and is available for trading on LBank, BKEK, and Uniswap (V2).
How To Buy Mononoke Inu
To purchase Mononoke-Inu on Uniswap, you will need to follow the four simple steps below;
Step 1
Firstly, you will have to set your Metemask wallet to Ethereum Mainnet. This is very easy, as you will select the option on the dropdown menu on the top-right of the screen.
Step 2
You will need to buy Ethereum on Binance. Buying ETH on Binance is straightforward, especially if you have a fully funded account on Binance. If you do not have one, you will need to provide a few KYC details to Binance. After that, you can go ahead and purchase ETH.
Step 3
You will move the purchased Ethereum to your Metamask account by simply withdrawing it from Binance. When you complete this, it means you now have ETH in your Metamask wallet.
Step 4
Lastly, you will connect your Metamask wallet to your Uniswap account and swap ETH for Mononoke-Inu. After that, you can start to trade your newly purchased token on Uniswap.
Why Should I Buy Mononoke-Inu?
Despite being new in the Ethereum chain and crypto market, Mononoke-Inu has successfully held its stake in the space. The token is currently up by more than 14% in the last 24hours and 56% this week alone. That is remarkable, considering that other meme tokens are presently not pulling their weights. Despite being far from its All-Time High (ATH) price last October, one cannot ignore the remarkable rise of the token. However, traders expect much from the token in 2022, as its developers plan to roll out Phase 4 of the project.
Phase 4 is set to witness the launch of a 2D adventure game that will be on the Ethereum Blockchain. If this is successful, the project expects the market cap of Mononoke-Inu to hit $5 billion and 150,000 token holders. Crypto analysts also predict that should it be that successful, Mononoke price will skyrocket. Fortunately, the community’s reaction will impact much of the token’s success. However, like every cryptocurrency, one cannot ascertain the future of a token. Crypto investors should only commit spare funds only to investments.
Conclusion
Since the creation of DOGE Coin in 2013, meme tokens have continued to spring up, much to crypto users’ delight. One of such tokens is Mononoke-Inu, whose anonymous developers concede that it is here to take over. The project will roll out its phase four in 2022, and the expectations are that it will impact Mononoke-Inu.
