Floki Inu has launched a trading bot as FLOKI crypto grows,
. Meanwhile, Shiba Shootout has raised over $1.1 million in the ongoing presale.Meme coins are just that, coins derived from popular memes.
Think of “Pepe the Frog” as the source of PEPE, a meme coin now commanding over $3 billion in market cap, according to Coingecko.
Meme coins exist primarily for entertainment.
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For this reason, only a few meme coins last; most fade out and are overtaken by events.
The very few, including Dogecoin and Shiba Inu, have had to reinvent themselves.
Though Dogecoin was fashioned after Shiba Inu, it also serves as a settlement layer and helps move billions yearly.
Meanwhile, Shiba Inu, though launching and gaining popularity during the COVID-19 months, rides on its innovations.
Since the hype faded, SHIB has been propped up by its positive correlation with top coins like Bitcoin and Ethereum.
Besides this, Shiba Inu developers are actively building. Their creators have launched Shibarium, a layer-2 for scaling Ethereum, ShibaSwap–a DEX integrated within the Shiba Inu ecosystem, Oshiverse–an ongoing metaverse project, Shiboshi game–a game; and others.
Meme coin projects have to reinvent themselves to survive.
Floki Inu Launches A Trading Bot: Could This Supercharge FLOKI Crypto?
Took a look at $FLOKI yesterday and it's following the macro structure.
There are two scenarios here depending on whether we stay below the range resistance (blue) or not.
There are a lot of gaps left below. pic.twitter.com/ktpsjgcfhy
— Divergent 🪙 (@Divergent_XBT) September 11, 2024
Therefore, it was not surprising that Floki Inu, a top-10 meme coin, launched its trading bot.
The trading bot will automate the buying and selling crypto assets across various platforms and DEXes.
According to Floki Inu, the bot has a simple user interface and is secured by AES256 encryption. Moreover, CertiK, a blockchain security firm, has audited its code.
Users will leverage this bot’s capabilities to streamline all their trading activities.
Most importantly, since it is automated, the bot will eliminate the need for manual effort and, thus, significantly boost efficiency.
However, what’s interesting is how the trading bot will help buy back and burn FLOKI tokens.
Part of the fee is used to buy back and burn FLOKI whenever a trade is initiated.
This makes the token deflationary by reducing the circulating supply.
Additionally, this bot’s fees are channeled to the Treasury. The goal is to fund enough resources to drive the development of future projects that will grow the Floki Inu ecosystem.
Shiba Shootout Presale Shining Bright: Over $1.1 Million Raised
As interest surges in Floki crypto, there is another yet exciting development.
Shiba Shootout, a meme coin project whose presale is ongoing, has raised over $1.1 million.
SHIBASHOOT, the native token, is now trading for $0.0202.
With this, it now positions itself as a contender in the meme coin space.
Shiba Shootout is a free play-to-earn (P2E) mobile game available on the App Store and Google Play Store.
What’s unique about the project is its offerings, blending fund and utility.
For example, it features a digital settlement called Shiba Gulch. There, users can participate in meme battles and win rewards.
Moreover, users are free to stake, receiving a high yield.
Currently, Cactus Staking offers a yield standing at 855%.
Those who want to earn even more rewards can participate in lotteries. Through the “Lucky Lasso Lottery,” participants use their SHIBASHOOT tokens for a chance to win prizes.
Those who promote the project under the “Posse Rewards” referral program will also receive even more SHIBASHOOT.
As a way to build the community, Shiba Shoot also has “Campfire Stories.” Through these sessions, SHIBASHOOT holders can share their crypto and meme coin journeys where the best stories win more tokens.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.