The original meme currency was founded back in 2013 as a joke and later the community rallied behind it to make it a true cryptocurrency with decentralization at the core. For instance, an upvoted post that receives 1000 upvotes, the owner would receive 0.01 gAKITA.īeing a decentralized meme currency that combines the growing influence of social media with decentralized finance is inspired by the popular Dogecoin. The AKITA foundation is dedicated to providing material through which anyone may understand the functions of smart contracts.Īny time that AKITA is used on the platform it will burn itself into a relative portion of gAKITA to be given to the receiver of positive interactions on the platform. The AKITA contract and various affiliations such as social media platforms and webspace are being fully funded and developed by the AKITA foundation with the support of the community. The AKITA community would be backed by the AKITA network foundation that will form an unincorporated nonprofit association. The core purpose of the AKITA token is to be used during interactions between users on a decentralized and anonymous social media platform. AKITA works in tandem with a community governance token called Akita that is used for voting on the movements of the community as a whole. The ongoing bull run has opened the floodgates of opportunities for all kinds of crypto tokens and decentralized social media as well as meme currency is no different.ĪKITA is a decentralized and fairly launched token intended to be used for interaction on the AKITA network. The development of the exchange would be followed by the creation of a decentralized social media platform. It runs on the Ethereum network, making it easy for Shiba Inu traders to leverage the numerous DApps on the Ethereum blockchain.Polarfox was an initiative started by early investors into the AKITA project and it is currently developing a decentralized exchange on the Avalanche network to ensure low gas fees. Shiba Inu was introduced in 2020 and stood apart from other tokens since the community totally controls it. Shiba Inu (SHIB) – More than just a MemeĪnother cryptocurrency token that Big Eyes Coin will compete with as a memecoin initiative is Shiba Inu (SHIB). Akita Inu (AKITA) was also connected to Avalanche by the community through Ethereum. Creators can post on its social network, and users can vote on those posts. The Akita Inu (AKITA) community advocates for a decentralized social network. With Akita Inu, it is creating a decentralized ecology. It will be a decentralized, anonymous social network. Polarfox has decided that the token will be more than a memecoin. Polarfox is one of the most important components in the Akita Inu project’s community. But it uses the neighborhood and delivers great use cases to the crypto ecosystem. In 2021, the token was created as a meme coin with no practical use. The most popular meme coin in the cryptocurrency world, Dogecoin (DOGE), served as the inspiration for Akita Inu (AKITA). Akita Inu (AKITA) – The Coin with bags of Use Cases Three amazing crypto projects you can add to your portfolio are: Akita Inu (AKITA), Shiba Inu (SHIB), and Big Eyes Coin (BIG). Additionally, you must carry out all necessary research before making any decisions during a dip in the market.
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