Cryptocurrencies have taken an innovative approach to online trading, investing, and transactional processes, helping transform the financial industry. The crypto ecosystem has also produced its fair share of eccentric projects and players, also called meme coins.
The meme coin ecosystem is dominated by a handful of players, namely Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), which have captured the public’s attention.
However, several new meme coin projects have emerged to challenge the established order and carve a niche for themselves. While projects like Shiba Inu successfully created a niche, a new project has emerged as a possible challenger. Husky Inu is one of the newest meme coins on the block and has made a big impression in the meme coin ecosystem, attracting investors looking for opportunities beyond established projects.
Shiba Inu (SHIB): A Dogecoin (DOGE) Rival
Shiba Inu (SHIB) was created in 2020 by the pseudo-anonymous founder, Ryoshi. Shiba Inu is described as an experiment in decentralized community building. The founders wanted to create a project run entirely by its community. Like Dogecoin, Shiba Inu is also a meme coin that gained prominence after its creation. However, it has no high-profile backers like Elon Musk.
Shiba Inu has marketed as an alternative to the hugely popular Dogecoin, with its community calling the project the “Dogecoin Killer.” quadrillion SHIB has been created, with the developers sending half of those over to Ethereum co-founder Vitalik Buterin. Buterin burned around 90% of the tokens sent to him and donated the rest to charity. The project’s native SHIB token is an ERC-20 token hosted on the Ethereum blockchain. According to the project’s developers, they chose Ethereum because it was already well established and offered the security needed to allow the project to remain decentralized.
Husky Inu (HINU) The Upstart
Husky Inu (HINU) is one of the newest meme coins to enter the market. The project hopes to establish itself in the meme coin ecosystem and bring more value and utility to token holders and supporters by leveraging the Solana blockchain. The project and its native HINU token also hope to establish a strong and supportive community with enhanced rewards and innovative features.
The project successfully launched its presale and has raised over $710,000 to date. Husky Inu also plans to launch an Earn App and a decentralized exchange. The Earn App will reward users with HINU tokens for interacting with the protocol and completing simple tasks. Meanwhile, the decentralized exchange will facilitate trading and improve token utility.
How Does Shiba Inu Work?
Shiba Inu was originally intended to function as a digital currency. However, the project has since launched a decentralized cryptocurrency exchange to create an ecosystem around the SHIB token. The project uses a multi-token ecosystem to function without a hitch.
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SHIB - This is the native token of the Shiba Inu ecosystem and is used as a medium of exchange.
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LEASH - This is the rarest token in the Shiba Inu ecosystem, with its total supply capped at 107,646. It provides staking rewards for users validating transactions.
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BONE - The BONE token is the governance token of the Shiba Inu ecosystem, and allows holders to vote on proposals and have a say in the project’s future direction. The token’s supply is capped at 250 million.
How Does Husky Inu Work?
Husky Inu offers users several unique features:
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Limited Token Supply - Husky Inu has capped the number of HINU tokens at 100 billion, ensuring scarcity and value.
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Deflationary Mechanism - Husky Inu plans to use 50% of proceeds from the project and the decentralized exchange to buy back and burn HINU tokens, reducing their supply over time.
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Presale - The Husky Inu presale has crossed $710,000. The presale allows early investors and supporters to buy a stake in the project and secure a significant profit.
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Charity - Husky Inu also plans to allocate 5% of the token supply to goodwill causes, community rewards, and user-supported charities.
Join The Presale
You can join the Husky Inu presale by following the steps below.
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Connect a Wallet - Connect your wallet using the available options. If you encounter an issue, contact Husky Inu’s official Telegram channel.
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Select Network - You can join the HINU presale on the Solana blockchain and purchase the token using the native currency or with BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT on Ethereum and Tron chains.
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Buy Tokens - Next, specify the amount of BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT you wish to trade for HINU and approve the transaction to purchase the token.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.