Published
1 year ago on
September 02, 2022
The emergence of cryptocurrency has influenced a novelty genre known as meme coins. What started as a parody is slowly turning into a billion-dollar project. Cryptocurrency is often perceived as complex, rigid, and challenging, but meme coins have made a conscious effort to simplify and make it accessible to all.
These types of currencies are easily identifiable by their geeky and fun animal-themed concepts. Dogecoin, the instigator of this movement, was launched in 2013 as a joke, but it has somehow metamorphosed itself into a valuable asset. With this at the forefront, several crypto enthusiasts have been inspired to launch their meme coins as well.
The success of these coins relies mainly on the support of the created community, and without this, the coins would crash or simply be forgotten. But, surprisingly, the meme coins that have made it have large support systems willing to turn the light-hearted currency into something prominent.
Following in the path of this already established digital currency are Big Eyes Coin (BIG), Shiba Inu (SHIB), and Vita Inu (VINU). Albeit coming into the crypto stage with varying perspectives, these three coins have a similar goal to expand the diversity of cryptocurrencies.
While Shiba Inu and Vita Inu are buying into the mainstream meme coin concept of dog mascots, Big Eyes Coin is taking a new path by rebranding the cuteness of its chosen cat mascot as its core strength. Shiba Inu (SHIB), the self-proclaimed ‘Dogecoin Killer,’ is a decentralized platform that has successfully infused metaverse into its ecosystem.
Vita Inu (VINU) has a highly diverse ecosystem with the hope of giving individuals the opportunity to learn about crypto in a fun and engaging way. Big Eyes Coin (BIG), the show's star, plans to establish a tax-free network where users can perform seamless transactions without extra charges.
Is Shiba Inu (SHIB) the Dogecoin Killer?
Created anonymously under the pseudonym of Ryoshi, Shiba Inu (SHIB) has gained immense value through the support of individuals such as Elon Musk and Vitalik Buterin. With this fame and reach, Shiba Inu became of the potential mem coins destined for greatness.
The platform encourages dog-inspired artists to be a part of the ‘artistic Shiba movement’ in an attempt to bring the Shiba Inu network into the NFT market. Shiba Inu is also one of the meme coins that creates space for creatives to earn a passive income.
It operates on a decentralized system with no central government; this implies that the coin's success relies entirely on the active involvement and interest of the users. Shiba Inu (SHIB) coin is an ERC-20 token developed on Ethereum”s proof-of-work blockchain.
It is important to note that Ethereum is making active plans to transition to a proof-of-stake mechanism. In addition, LEASH and BONE are also two other tokens listed on the Shiba Inu ecosystem. LEASH offers enticing rewards to liquidity providers, while BONE allows users to vote on the Shiba Inu platform.
Vita Inu (VINU) Coin: Introducing Fun to Crypto
Vita Inu (VINU) coin is a meme coin established on transparency and accountability. The coin is built and created on the Vite network. Through the possession of the VINU token, users will have the opportunity to access the metaverse where they can play games, socialize, invest and customize the Vita Inu Space.
Furthermore, ownership of the VINU token will enable users to receive daily Vite rewards from the VINO SBP. In addition, the tokens can be staked to earn more VINU rewards and other tokens from potential partners. While staying true to the fun concept, Vita Inu takes it a step further by offering certain perks, which include; zero transaction fees, smart contracts, light-speed transactions, and high scalability.
Even though the Vinuverse is under construction, the creators have hinted that it will include NFTs, VinuSwap, VR World, more rewards, Events, Merch, and so on. The energy usage on this platform is less than 0.00011 kWh per transaction, which is relatively low compared to other mainstream cryptocurrencies.
