Cryptocurrency

KuCoin Token (KCS) and THORChain Token (RUNE) May Face Strong Competition From Mehracki Token (MKI)

Market Trends

One of the most exciting aspects of the blockchain economy since its inception is that it provides consumers with a plethora of purchasing alternatives. Users currently have a wide selection of blockchain possibilities; the cryptocurrency market currently has over 18,000 coins. Furthermore, there are over 100 million crypto users worldwide, and the number of cryptocurrency traders continues to grow at an exponential rate.

The crypto newcomer Mehracki Token (MKI) is making its rounds in the crypto market as a revolutionary initiative placing an emphasis on accommodation and tourism, with the MKI token serving as the key payment instrument in these sectors.

On the other hand, KuCoin Tokens (KCS) and THORChain (RUNE) are gradually but definitely conquering the blockchain world, raking in millions of dollars for traders. Continue reading to find out more about these tokens and why you should include them in your portfolio.

KuCoin Token (KCS)

KuCoin is a cryptocurrency exchange that was founded in 2017. It has evolved to be one of the largest global exchanges by trading volume, boasting over 10 million members and availability in more than 200 countries since its inception.

On the KuCoin exchange, users can buy, sell, and trade over 600 cryptocurrencies. Those looking for a diverse range of assets may enjoy what this exchange platform has to offer. Market, limit, stop-limit, and stop-market orders are all supported features on the platform. Margin, futures, and peer-to-peer trading are also accessible attributes.

On the platform, KCS tokens can be spent for a multitude of other things such as payment for goods, hotel reservations, and gaming equipment. Users no longer need a big BTC trading volume to benefit from the lower maker and taker fees, and KCS holders can become KuCoin VIPs. Additionally, holders of KCS coins receive a 50 percent portion of the exchange's trading fee profit! In January 2018, the KuCoin cryptocurrency reached all-time highs of almost $1.8 billion.

THORChain Token (RUNE)

THORChain is a cross-chain cryptosystem built on Cosmos that allows users to trade cryptocurrencies from other networks without the services of a third party like Coinbase or Binance. The developers of THORChain are on a mission to develop decentralised liquidity, which will eliminate the need for centralised parties to deny users access to financial products or services for a plethora of reasons.

Within the DeFi sector, THORChain promotes cross-chain liquidity and reduces the need for centralised exchanges and third parties. Every user who adds tokens to a liquidity pool receives a reward in the form of RUNE (the network's native token). Concurrently, token owners can also use their assets to earn a profit from the fees collected from other pool users.

Mehracki Token (MKI)

If you want to buy into cryptocurrencies while simultaneously buying into a pleasant setting that will make your life better, Mehracki Token (MKI) is the coin for you. Mehracki intends to create a system in which active MKI token holders manage the platform as a meme currency that is community-oriented. Mehracki Token (MKI) is a meme coin created to restore the lost art of self-care and hospitality by creating a supportive atmosphere for tourism, travel initiatives, and meme sharing.

For facilitating transactions on the network, the MKI Token will charge a fixed 0.5 percent fee. Every transaction on the Mehracki Token network is likewise verified and authenticated using MKI. The MKI Token will be utilised as a payment currency, with considerable discounts offered to hospitality industry owners and tourists. When using the Mehracki Token, users will not need to carry cash or worry about exorbitant international exchange fees.

The entire network is designed as a DAO, and users will be given voting rights to help determine the ecosystem's power structure in the future. Additionally, business owners will be able to build NFTs in order to provide discounts and special offers to their customers. The NFTs can also be traded for long-term gains, and they can be monetized.

Learn more about the Mehracki Token:

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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