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It is often believed that meme coins are highly volatile and vulnerable to significant fluctuations in value over short periods. This is because many have an unlimited quantity, and their appeal is mainly driven by pop culture. However, this belief system is beginning to witness some changes, as meme coins like Floki Inu (FLOKI), Shiba Inu (SHIB), and Dogecoin (DOGE) provide more utility when compared to traditional meme coins in blockchain crypto.
2021 was a watershed moment for everything related to blockchain technology, altcoins, DeFi, NFTs, and everything else. The meme coin category of cryptocurrencies was responsible for some of the major upheavals and (good) effects. Because of the rising interest in cryptocurrencies in this category, meme tokens have spawned various offshoots. Floki Inu and Mehracki Token (MKI) are meme coins that fall in this category and are tokens that have promising potential for the year 2022.
Floki Inu:
The Floki Ecosystem is a community-driven ecosystem that promises to provide people with financial control via four major utility offerings:
- The Valhalla NFT Metaverse game
- The Floki education hub
- DeFi
- Floki Inu’s NFT merchandise marketplace
According to Grayscale, the Metaverse sector is a $1 trillion annual revenue opportunity, with the Metaverse gaming industry expected to generate $400 billion in annual revenue by 2025. Metaverse games will profit the most from this expansion. Valhalla will benefit from the Floki Inu token, which will feature A-grade games on the blockchain, enabling interactions and upgradeable NFTs for users.
The Floki education hub exists to fill knowledge gaps in blockchain crypto by providing resources and creating awareness for individuals new to the cryptocurrency market. Floki’s status as a mobility token that may provide DeFi to its users is strengthened by the Chainlink connection. FLOKI has integrated with two of the most well-known DeFi brands, Inverse finance, and BarnBridge, thanks to the Chainlink price feeds.
FLOKI users can hedge against inflation and price volatility by locking their tokens in a “Senior” or “Junior” pool on BarnBridge’s SMART Alpha, which protects them against downward volatility, and leveraged exposure. Additionally, users can earn interest on their FLOKI tokens by staking them and using them as collateral to borrow WBTC, ETH, YFI, and Inverse Finance’s native DOLA stablecoin, through the FLOKI Pool on Inverse Finance.
Mehracki:
Mehracki (MKI) is a decentralized meme token currently in its presale. Although we’re yet to see most of the promises this token has for investors in blockchain crypto, there is much to anticipate and more reasons why it’s worth investing in. Mehracki’s primary goal is to bring popular cryptocurrency concepts to the general public’s attention. Unlike previous related projects, Mehracki introduces holders to next-generation concepts such as participation rewards, non-fungible tokens (NFTs), decentralized exchanges, and more.
A lot of altcoins coming into the cryptocurrency market lately are more of the same, and this has, in a way, eliminating the excitement of investing in cryptocurrencies. The creators of Mehracki aim to change that by creating real-life applications to retain the network’s appeal. Mehracki’s real-world applications will revolve around cheap, fast, and borderless transactions, primarily focusing on feel-good industries like hospitality and tourism. The platform believes that providing services solely to the sectors mentioned above will promote communism, understanding, and belief convergence.
Earning on Mehracki is made possible through feel-good NFTs, staking and yield farming on the platform, contribution to the liquidity pool, and getting rewarded reasonably. By contributing crypto assets to liquidity pools, MKI users and holders can earn passively. Participants can earn passively by stashing their tokens in smart contract-gated liquidity, from which lenders can borrow. They are compensated with APY for enabling exchange and lending on the platform. Additionally, investors can contribute funds to the liquidity pool in exchange for receiving trading fees from trades that occur in their pool. So now could be a great time to buy into the new crypto for a possibly great return in the future.
Find out more about Mehracki:
Presale: https://buy.mehracki.io/register
Website: http://mehracki.io
Telegram: https://t.me/Mehracki_Official
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