Cryptocurrency has evolved since the time of the first release of Bitcoin in 2013. However, decentralization is regarded as one of the innovative deliveries that crypto ever gave humanity. Blockchain platforms like Kittynomica and Shiba Inu have impacted decentralization in their ways. Although these blockchain cryptos are not similar in use cases, they are under the general umbrella of decentralization. Also, it is helpful to know that with decentralization came greater freedom from centralized third parties and intermediaries.
Meme coins are crypto-assets inspired by social media jokes, giving users a light feel that mainstream cryptocurrencies cannot provide. Unlike mainstream crypto-assets created with specific technology to boost trading in the crypto market, meme coins are created without a particular use, making them diverse in their connectivity. However, meme coins are more community-driven crypto assets that serve as expressions of some sort for Gen Z and the Millennials.
Shiba Inu is a meme coin whose name was coined from the special Shiba Inu dog breed. However, this dog inspired millions of people to invest in this project. Also, according to the Shiba Inu website, this coin is the DogeCoin killer. Tokenized by SHIB, this coin aims to be the Ethereum-based counterpart of the DogeCoin.
However, Shiba Inu is the dog-themed meme coin that inspired millions worldwide to invest their money into tokens with dog images. Also, Shiba Inu was created anonymously in 2020. SHIB aims to become the Ethereum-based counterpart to the Syrpt-based DogeCoin. Also, the Shiba Inu blockchain is a part of the pack of dog-themed coins like – JINDO INU (JIND), Alaska Inu (LAS), and Baby Dogecoin.
Although the Shiba Inu token is outstanding and innovative, it still has setbacks and shortcomings. For example, Shiba Inu has been of the many dog-themed meme coins, making it one of the many available.
Shiba Inu has been one of many meme-themed coins that faced a rug pull after Vitalik Buterin burned 90% of his held share of SHIB. However, this further established the volatility of this token after the drop in value it experienced after that massive burn by Buterin. Also another issue that the Shiba Inu platform faces is high concentrating supply circulation.
This blockchain aims to be the Ethereum-based equivalent to Dogecoin'sDogecoin's crypto-based mining algorithm. However, Shiba Inu is part of the swarms of dog-themed meme coins that follow the path of Dogecoin. Also, the SHIB'sSHIB's ecosystem is built based on the Dogecoin ecosystem and many other imitations of Dogecoin.
However, one problem the Shiba Inu blockchain faces is its high supply concentration. For instance, the available collection of SHIB is held by ten different wallets, which could be very well maintained by fewer or just one.
Also, the limited use cases of the Shiba Inu platform pose a significant problem for the platform. However, with the limited use case of the token, these coins have substantially risen to even the top 3000 traded currencies.
Kittynomica understands that at the center of cryptocurrency's functionality is blockchain technology. However, a blockchain functions as a set of connected blocks containing a verified transaction on a network. Also, blockchain has been responsible for the proliferation of digital currencies over the years.
As a result, Kittynomca is a blockchain project that allows its users to create memes in the metaverse.
As a reward for meme creation on the platform, creators are rewarded with KIN, the official token of the Kittynomica platform. Furthermore, on the Kittynomica platform, memes can be minted into NFTs with full ownership given to their creators. Also, the Kittynomica ecosystem has provided a marketplace for creators, users, and investors to buy, sell or swap NFTs.
Getting started on the Kittynomica platform is pretty easy. Users can easily register on the Kittynomica android and IOS app for mobile apps, while the web app for PC. However, registration equals access to the KittynomicaVerse, also known as the Kittynomica Metaverse.
The Kittynomica platform is profitable and efficiently provides various ways for its users and investors.
Website: https://kittynomica.io/
Telegram: https://t.me/KittynomicaTokenOfficial
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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.