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A new cryptocurrency is on track to become one of the most successful coins in the cryptocurrency industry.
New cryptocurrencies are launched every week but few of them show promise to go big. Mehracki Token (MKI), a community-driven platform, is one such token which can scale greater heights due to the enormous potential it holds. Let’s analyze what makes it an interesting prospect to be as successful as FTX Token (FTT) and Cardano (ADA) have become.
FTX Token (FTT)
FTX is one of the world’s largest cryptocurrency exchanges. It has a global brand and a business in the United States. Private investors have valued the two companies at above USD 30 billion. This puts it ahead of Coinbase, which has a market capitalization of nearly USD 15 billion.
The massive crypto exchange FTX’s utility currency, FTT, supports a large section of the Ecosystem, including the DAO and staking protocol.
After presales, FTX Exchange issued the FTX token (FTT) in September 2019 at a price of USD 0.83. Only two years after its inception, in September 2021, the coin hit an all-time high of USD 85. When you look at its value propositions, you can see how it intends to compete with the greatest ecosystems by focusing on blockchain and DAO businesses and enabling more developers to create scalable crypto products—this is a strategy Binance has always used.
Cardano (ADA) has been around since 2017, which is a long time for a cryptocurrency to develop. It is able to distinguish itself from its competitors for many reasons.
The key reason for this is because it may provide long-term viability. When it comes to Bitcoin (BTC), the tremendous energy required to maintain blockchain and verify transactions is a major issue.
Everything with Cardano (ADA) is green and instantaneous. It has a larger potential for total decentralization than any other currency and a very cheap price. While it has overtaken Ethereum in terms of PoS consensus, it still has a long way to go in terms of DeFi applications.
Mehracki Token (MKI)
Mehracki Token’s (MKI) purpose as a meme coin is to revive the forgotten art of self-care and worry reduction by developing an environment that supports tourism, travel initiatives, and meme sharing. It is seeking to promote positivity by concentrating on the hotel and tourist businesses, which generate a positive environment, and by giving services to those industries, which would build a feeling of community, understanding, and belief fusion.
The real-world applications of Mehracki Token (MKI) will be built on low-cost, quick, and borderless transactions.
An effort that creates a positive attitude in an industry that can get highly tribal at times is something that should be praised.
With the upcoming introduction of Mehracki Token (MKI), it is a cryptocurrency worth investing in for its financial potential as well as the happy mental state it promotes.
The MKI token will be used as payment in Mehracki’s real-world application, as well as access to data on customer behaviour for enhanced services and a recommendation and feedback system.
Mehracki Token (MKI) is the cryptocurrency for you if you want to invest in cryptocurrencies while also investing in a pleasant environment that will brighten your life.
Some cryptocurrencies may mimic one another’s ideas, ambitions, and objectives, but Mehracki Token (MKI) has carved its own route in the crypto world.
Mehracki seeks to develop a system where active MKI token holders would run the platform as a community-driven meme currency.
These users may submit suggestions for changes to the Mehracki platform’s functioning and vote if there is a tie in a decision to be made by the core team.
The three concepts that Mehracki stands for are transparency and belief, as well as being a community-based platform and ensuring the ecosystem’s long-term prosperity.
There are no transaction fees, and the purpose is community-driven, which means that MKI holders choose the course that Mehracki will take. These interesting features make Mehracki Token (MKI) a safer bet to play for a healthy return on investment.