Here’s What You Need To Know About 7 Coins!

Dogecoin was originally launched as a joke for those obsessed with the cryptocurrency and takes its name from a popular meme featuring the face of a Shiba Inu dog. Launched in 2013, the meme coin has never really soared amongst a sea of ​​newer altcoins, but it’s premiering in 2020, mostly thanks to endorsements from celebrities and entrepreneurs like Tesla CEO Elon Musk, Dallas Mavericks owner Mark Cuban, and even rapper Snoop. came to plan.

Then clone meme coin projects were published…

In an effort to replicate DOGE’s track record, there are now several similar ‘memecoins’ trying to grab the attention of investors and take the crypto world by storm. The most prominent DOGE replica making waves right now is the Shiba Inu, or SHIB, designed after the same-breed Japanese dogs to which the Dogecoin mascot belongs. However, they all have similarly themed names, but there are a few more, each trying to stand out from the crowd.

Since we’ve already heard of the Shiba Inu, it’s fair to start by delving a little deeper into how it came to be. But there are a few other DOGE-themed altcoins making the news, and here’s a brief need to know about them all.

Dogecoin Killer: Shiba Inu (SHIB)

Shiba Inu was released in 2020 under the Ethereum Blockchain’s ERC-20 standard and is traded on the decentralized Uniswap network. The self-proclaimed “Dogecoin killer”, created by an anonymous founder known as “Ryoshi”, according to its whitepaper, “Shiba Inu Ecosystem” (ShibSwap exchange and a decentralized SHIB for developers, cryptocurrency holders and fans) “spontaneous community building”. It was an experiment on. SHIB currently has a circulating supply of 394,796 billion according to CoinMarketCap and is definitely the leading memecoin after Dogecoin. You can find the unique events that took place in the SHIB price last week here.

Kishu Inu (KISHU) earns its users 2% of transactions

Kishu Inu is one of the new DOGE-like altcoins. Released in April 2021, it is “completely decentralized and owned by the fun, vibrant community”. The project promises users instant rewards. KISHU holders will receive 2 percent of every transaction on the network. This approach ensures that users earn more rewards when they actively use KISHU tokens, promoting increased community usage and a healthy distribution ecosystem. The platform offers a Uniswap-powered decentralized exchange (KISHU Swap), which makes it easy to exchange between any ERC20 token holder.

UnderDog (DOG)

Similar to many of the other names that make it to the elite list of powerful DOGE copycats, UnderDog is a community-based project with a special burn (BURN) and reward mechanism. This means a 5 percent transaction fee is charged for each transaction that falls into the UnderDog chain, resulting in a 4 percent reward sent to all holders and a 1 percent reward for burning. It is traded on PancakeSwap and has a maximum supply of 1 billion tokens.

Floki Inu (FLOKI)

The Floki Inu coin is an altcoin project directly inspired by Elon Musk’s Shiba Inu pet “Floki”. The website claims that the cryptocurrency was created by fans and members of the Shiba Inu community. On its website it says:

The Floki Inu is inspired by DogeFather Elon Musk’s own Shiba Inu.

The cryptocurrency platform also claims to be the only cryptocurrency project official to partner with “DogeFather’s brother Kimbal Musk’s Million Garden’s Movement.”

Husky Coin (HUSKY)

Another of the new DOGE-inspired cryptocurrencies, Husky Coin proudly acknowledges its roots, stating that its creation was “inspired by Elon Musk and Dogecoin.” In fact, the project’s website says that Husky is “Dogecoin’s little brother.” It is also a meme-based cryptocurrency that started out as an “experiment” driven by a decentralized community. So “no founder, no team allocated token amount”. Developers locked 45 percent of the total supply in Uniswap and 5 percent in team tokens and “threw the keys”. The remaining 50% was “burned” to Vitalik Buterin, co-founder of Ethereum. Husky promises that it will continue to grow, survive, and thrive “as long as Buterin doesn’t harm us.”

Doge Token (DOGET) saves meme coin projects from mining

Often confused with Dogecoin (DOGE) itself, it sees itself as a “greener” cousin of Dogecoin. The more environmentally friendly crypto runs on Stellar and aims to offer faster transaction speeds and lower cost per transaction without sacrificing security. Doge Token claims that it is impossible to be a victim of a 51 percent attack, which makes it technically “untouchable”. The only downside is that DOGET cannot be purchased directly for fiat. You need to buy Bitcoin first and then exchange it for Doge Tokens.

Doge Killer (LEASH)

Doge Killer is another famous Dogecoin clone that witnessed a certain growth in September 2021. It runs on the Ethereum Blockchain. The real appeal of this coin is its scarcity, because it has an extremely small (1,07,647 units) supply of cryptocurrencies, which makes it highly volatile in price. Doge Killer is known to have a handful of whale accounts, which can significantly affect prices in the market.

DogeFi (DOGEFI)

DogeFi is a bit different from all the other seemingly “community-focused” altcoin projects. DOGEFI is a gamified community that creates opportunities for its members to participate in price arbitrage and provides access to exclusive yield farming projects. DogeFi has a circulating supply of 1,000,000 tokens and can be traded on Cointiger.

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