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Cryptocurrency presales are essentially crowd-funding events that allow developers of a project to raise money to see the project go through without the price of the token falling. They also allow for initial capital to be raised which may be used to pay for marketing or other expenses.
The likes of Filecoin (FIL) and Ethereum (ETH) have both experienced hugely successful presales which have helped them on their way to becoming established cryptocurrencies with the latter the second-biggest crypto in the world, amassing a market cap of over $245 billion, according to data from CoinMarketCap.
Mehracki Token (MKI) project is a community-driven meme coin that is attempting to create a system where holders of the MKI token are the ones to control the Mehracki platform.
Built on the Solana blockchain, Mehracki Token (MKI) was developed to make its users less worried by generating wealth for investors and championing feel-good moments and activities for people worldwide who aim to get involved in the cryptocurrency space.
Despite the global fame of meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), meme tokens have certainly come under more criticism due to the absence of real-life applications, use cases, and utility of the tokens, features that both Dogecoin and Shiba Inu have looked at altering and improving its ecosystem.
The Mehracki native coin, MKI, serves as a unitary value exchange between customers and hospitality businesses as well as verifying and authenticating transactions on the Mehracki ecosystem.
Aiming to become a 'feel-good' cryptocurrency with a focus on the hospitality and tourism industry, users will be able to make transactions using MKI tokens, run customer loyalty tokens, bypass costly intermediaries, and have first-hand access to information on consumers' behaviour for improved services.
Mehracki's end goal encompasses a thriving ecosystem with a utility token, feel-good NFTs and a marketplace where tourist and hospitality businesses can be showcased to the world.
There aren't many crypto projects out there that have happiness at the top of their priorities but Mehracki Token certainly does.
With its official launch coming later this year, crypto enthusiasts out there will have the opportunity to invest in its upcoming presale to be a believer in Mehracki from the very beginning.
Ethereum (ETH) has long been one of the most influential cryptocurrencies in the space and is the second-biggest crypto in terms of market cap, only behind Bitcoin (BTC).
While ETH is now a crypto giant, we have to look back at just how they got into the position they sit in now.
Ethereum performed incredibly well during its presale which began in July 2014 and it took the network less than 12 hours to raise $2.3 million, equivalent to 7.4 million ETH.
The presale was essential in the emergence of Ethereum (ETH) and for it to become a blockchain powerhouse in the crypto space. ETH is now sitting at $2,040.90, at this time of writing, and reached an ATH of more than $8000. It has been the largest second-largest token in terms of market capitalisation after Bitcoin (BTC).
Filecoin (FIL) has the honour of possessing the record of having the largest presale ever.
During its initial presale stage in 2017, Filecoin raised $52 million, and during its ICO (initial coin offering), the peer-to-peer network raised an extraordinary $205 million.
FIL rose by 350% during this period, rapidly rising the price of the coin from $1 all the way to $5.
Filecoin sits as the 38th biggest cryptocurrency in the world, amassing a market cap of almost $2 billion, according to data from CoinMarketCap.
FIL is now priced at $8.32, at this time of writing.
Website: http://mehracki.io/
Telegram: https://t.me/Mehracki_Official
Twitter: https://twitter.com/MehrakiToken
Instagram: https://www.instagram.com/mehrackitoken
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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.
