Experts and investors in the cryptocurrency market have been talking about the rise of Uniwsap for the last few days. UNI, the cryptocurrency of the Uniswap protocol, recently increased by over 50 percent in minutes, reaching its highest level of nearly two years, reaching $12.6.
This increase comes shortly after the Uniswap Foundation (UF) proposed the creation of a fee mechanism that rewards UNI holders who stake and delegate their tokens.
The proposal also states that, barring a major blocker, Snapshot voting will be published on March 1, 2024, and on-chain voting will be published on March 8.
It is worth noting that UNI’s recent rise comes amidst a broad market consolidation in which most of the leading cryptocurrencies are trading sideways or recording small losses. For this reason, investors are also exploring UNI alternative coins amid the token’s rise.
Scotty The AI Token is Set to Revolutionize the Industry by Preventing Fraud
Scotty the AI, the first of the UNI alternative coins, is a new project added to the meme coin market, standing out with its unique features. Scotty the AI is represented by the SCOTTY token. It appears that more than $736 thousand has been raised so far, thanks to early investors who purchased Scotty the AI tokens.
With a strategic approach, Scotty aims to position itself as the leading expert in blockchain security, fraud prevention and risk mitigation. The fact that Scotty is not a Shiba Inu distinguishes him from the dog-inspired DOGE, SHIB and BONK initiatives.
Scotty is a Scottish Terrier. Beneath its dense, dark fur is a threat detection AI system that diligently protects the integrity of the cryptoverse by detecting potential threats, suspicious transactions, network irregularities, and security breaches. Scotty functions as a reactive AI trading engine and chatbot.
Scotty’s exchange platform uses artificial intelligence to examine blockchain information and detect potential risks before completing seamless and protected token swaps. Thanks to his keen intuition and quick reflexes about deception, he is able to detect and flag suspicious transactions and thus proactively prevent fraud.
Scotty the AI functions as a source of security in his role as a chatbot. It has been monitoring the unexplored regions of the blockchain for a significant amount of time and remembers every transaction, block, and hash ever documented.
Those who want to seize the most important opportunity in the field of artificial intelligence with cryptocurrency purchase Scotty the AI token. The protocol’s SCOTTY is currently priced at $0.00655, but potential buyers need to act quickly.
Meme Kombat Draws Huge Attention on Its Way to Listing
The second of the UNI alternative coins is the Meme Kombat (MK) project, which combines a gaming/betting platform with memes. The platform aims to create a competitive gaming environment with exciting elements such as passive staking and active betting, giving players incredible chances of winning.
In the first season, eleven different leading memes such as PEPE, DOGE, etc. competed to become the best meme. It is said that future seasons will bring more features and rewards. More specifically, Meme Kombat characters are some of the most popular and beloved characters in the meme world, such as Doge, Pepe, Wojak, Shiba, and many more. Each character has its own currency that can be used to bet on battles. Winners of the bets receive rewards in MK tokens, the native token of the game.
The MK token has a limited supply of 12 million units, ensuring its scarcity and long-term value. In addition, users who hold MK tokens can benefit from staking rewards, community incentives, and access to exclusive in-game features.
Meme Kombat is attracting a lot of attention due to the fact that half of the token supply is for MK token presale. Staking and battle rewards make up 30 percent of the allocation, while community rewards and DEX liquidity account for 10 percent each. The team shows their commitment to the community by generously allocating tokens.
Besides the battle arena, Meme Kombat has a staking protocol that allows players to earn passive income by locking MK tokens. The protocol offers attractive returns for stakers, with annual returns of up to 98 percent.
On the other hand, Meme Kombat’s development team is also said to be planning to launch an NFT collection. While details of the collection are still under wraps, it will likely include unique character designs and other collectible assets from the Meme Kombat universe.
Given the excitement around the project, many expect MK to trade significantly higher post-listing than the current pre-sale price. With pre-sale nearing completion, Meme Kombat with such positive momentum behind it promises potential.
The amount of funds raised is not visible on the screen as it is currently a week away from launch. However, it is known that more than 9 million funds were collected in the pre-sale of the MK token. Those who want to buy Meme Kombat can obtain the coin with ETH or USDT for $ 0.279.
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