While the possibility of Shiba Inu, the popular meme coin of the cryptocurrency market, becoming 1 dollar attracts investors, those who want to jump on the train from the beginning are turning to SHIB alternative coins.
The Shiba Inu team, one of the leading meme coins, confirmed in recent weeks that the Shibarium layer-2 network will start burning SHIB tokens starting January 2024. It was stated that 70 percent of the transaction fees in Shibarium will be used to burn SHIB tokens, while the remaining 30 percent will be used to ensure the smooth and efficient operation of the network.
According to many analysts, even if Shibarium burns 3 trillion tokens every year and all conditions are ideal, it is unlikely that SHIB will reach $1 in our lifetime. The dynamics here come into play in a different way because supply is abundant and demand is low.
As a result, while Shibarium burns 3 trillion SHIB tokens a year, it is said that it will take close to 100 years for the Shiba Inu to reach $1. It is noted that Shiba Inu will reach $1 in a shorter period of time only if Shibarium burns more than 100 trillion tokens.
Recently, alternatives are being sought for the Shiba Inu, which once had a lot of zeros and brought good money to its investors. In this news, we will focus on two projects.
Sponge Token V2 (SPONGEV2) – Coin Prepared to Continue the Success of SPONGE
Sponge Token V2 (SPONGEV2), the successor to the popular Sponge (SPONGE) meme coin, has hit investors’ radar.
Sponge V1 delivered extraordinary profits to early investors in May 2023. It was listed on more than 10 centralized exchanges, including LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan and BitMart.
Sponge Token V2 is not a typical pre-sale, but a transition from V1 to V2. Buy Sponge Token V2or rather, there are two options to obtain it.
First, Sponge V1 can be purchased and staked through the purchase section of the website. Secondly, Sponge V1 can be staked through the website.
The more V1 tokens are staked and the longer they are locked, the more V2 tokens are earned. According to the information provided, Sponge V2 will become available for demand when the remaining Sponge V1 supply is exhausted. Staking more V1 tokens will increase the V2 token accumulation. After Sponge V2, staked V1 tokens will be permanently immobilized.
This time it’s not just about profiting from market changes. The Sponge V2 ecosystem also uses the Play-to-Earn (P2E) utility.
In other news, the Sponge V2 team is designing a custom Play-to-Earn (P2E) game to provide exciting new features to the currency.
Players can earn SPONGEV2 tokens by playing games and beating the leaderboard.
The game will offer free and premium versions, allowing users to play for fun or use SPONGEV2 tokens to earn game credits.
Buy Sponge Token V2 or you can use the website to invest. It should not be forgotten that SPONGE can only be staked to buy SPONGEV2.
After staking, users can purchase Sponge V2 coins from the website. Sponge V2 continues the history of Sponge V1 and introduces a groundbreaking mechanism. The team’s focus on functionality, staking, and P2E make Sponge V2 worth keeping an eye on.
Meme Kombat (MK) – Innovative Project Drawing Attention with Stake System
The second coin that stands out is the Meme Kombat (MK) project… MK aims to revolutionize games by combining the phenomenon of betting with memes. The aim is to provide an innovative gaming environment with dynamic elements such as exciting winning potential, active betting and passive staking.
In the first season, eleven memes will compete to be the best meme. Future versions will include many additional features and benefits that will attract players and provide significant rewards.
pre-sale Meme Kombat token purchaser Thanks to the majority, it attracted great attention and half of the supply was reserved for MK coin. 30 percent of the allocation goes to staking and battle rewards, and 10 percent goes to DEX liquidity and community incentives. This liberal allocation plan of the team demonstrates its commitment to the good of society.
Over $3.7 million was raised for Meme Kombat in a very short time. As of the date of writing this news, MK tokens, worth $0.246 each, can be purchased with ETH or USDT. Due to its new approach, it is said that this project could impact the crypto and gaming industries. It is also underlined that if the current pace continues, access to the project may be limited.
By the way, Meme Kombat has a significant staking system advantage. So, there is also an APY with an annual return of 236 percent. To participate in this, it is enough to deposit Meme Kombat tokens before the sale.
The first season teaches fights, staking, and other basics. Season 2 will launch in the fourth quarter of 2023 with new expectations, rewards and battle types. The team will present new game forms, collaborations and projects starting from 2024.
The Meme Kombat project offers many attractive features and revenue potential. A significant increase in the amount of interest surrounding this coin is expected as it gains more recognition in the crypto industry.
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