The cryptocurrency market has always been volatile for as long as we can remember and few investors enjoy the risk aspect. Teenagers and those who were genuinely interested in it for entertainment lacked any element of fun. That entire idea was consumed by fire and perished.
Meme coins have changed the face of cryptocurrency forever. It is admirable that there is now a playful aspect even in such a serious industry. Mehracki (MKI) is one example of such a meme coin; along with its applications, it attempts to promote "feel-good" feelings, and its website supports this viewpoint.
Mehracki Token (MKI) is a community-driven feel-good meme token built on Solana (SOL). The platform is trying to create a society with less worry by supporting feel-good causes and industries thereby putting the "love" back into "meh". Its users will be able to perform cheap, fast, and borderless transactions with its focus on sectors like hospitality and tourism.
From the start, users will be able to make transactions using the MKI tokens, run customers' loyalty tokens, have first-hand access to information on consumers' behaviour to improve services, bypass high-cost intermediaries, set up a referral and feedback system, and other similar things. In the future, they hope to have made the project into an ecosystem encompassing a utility token, feel-good NFTs, DAO, staking, yield farming, and a marketplace for tourism and hospitality services with honest feedback.
Mehracki Token's (MKI) vision is to promote health and a quality lifestyle through memes and touring the world with the help of blockchain technology. To this effect, they have four vision values which are longevity, scalability, community, and transparency. The token sets itself apart from other meme coins and believes it is superior because of its real-life applications, utilitarian model, and its plans to incentivize token adoption.
The Mehracki Token ecosystem comprises MKI which is its native utility token. It will be used to authenticate and verify transactions and each transaction will attract a 0.5% charge which will be used to maintain the ecosystem through staking rewards, liquidity pool, incentivizing payments with $MKI, and rewarding developers' contributions to their network.
The ecosystem will also have smart contract functionality, will be controlled by users with governance rights, allow staking and yield farming, feature a liquidity pool, and gift users with NFTs to represent their spending milestones and status.
The project is built on Solana (SOL) for a number of reasons which majorly are; to provide lightning-fast transaction speeds at low fees, and to encourage limitless scalability and sustainability. Solana (SOL), being the fastest blockchain network in the world, is a platform that can provide the project with this and it recognizes that. Mehracki Token (MKI) is currently in its presale phase from the 17th of May to the 22nd of August and according to the tokenomics on the website, there is a total fixed supply of 1,000,000,000,000 tokens.
Litecoin (LTC) was created in 2011 as an alternative to Bitcoin (BTC) offering faster block time. The cryptocurrency is an open-source, peer-to-peer (P2P) project built to offer payment services without third parties.
Litecoin (LTC) has recently announced in a tweet the launch date of its much anticipated MimbleWimble update that is expected to remove unnecessary data through compression. The tweet was made by the project's founder on the 19th of May.
This update should reduce block sizes and lead to higher security and faster speeds. It will also help it provide higher scalability and expand its use cases in the decentralised finance (DeFi) sector. With this upcoming upgrade, investors and analysts are expecting a value increase for Litecoin (LTC).
Avalanche (AVAX) is the fastest smart contract network in the blockchain world as measured by time-to-finality. It is an open-source, programmable smart contracts platform built to enable fast, low-cost, and Solidity-compatible decentralised applications (DApps).
In exciting news for Avalanche users, Coinbase wallet announced that it now allows direct swaps for AVAX tokens from inside the app. This means that tokens on the AVAX chain can now be swapped directly with just a few clicks and at lower fees too.
Avalanche (AVAX) is one of the top cryptos globally with a market capitalization of over $7 billion and it still has the potential for more growth.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.