While Shiba Inu and Dogelon Mars are Struggling to Stay Recognized, Guffawli is Taking a Psychological Approach to Finance by Encouraging the Laughing Culture
Cryptocurrencies are a brand-new way to exchange money. The demand for quick, inexpensive financial transactions is the main driving force behind the development of cryptocurrencies. Additionally, the purpose of cryptocurrencies is to give a level of equality that traditional currencies are unable to provide. An example of Cryptocurrencies pushing this narrative is Shiba Inu (SHIB), Dogelon Mars (ELON), and most interesting of all; Guffawli (GUFF).
Shiba Inu (SHIB) Can Be Exchanged for Any Token Within the Ethereum Ecosystem
Shiba Inu (SHIB), a meme coin built on the Ethereum blockchain, was launched by Rhoshi in 2020. A key feature of the Shiba Inu (SHIB) is that it can be exchanged for any token in the Ethereum ecosystem. Another trait that sets it apart is the Shiba Inu (SHIB) total supply. Produced at the launch of the project in August 2020, and coming in at around one quadrillion, it is easily the largest number of coins to ever be issued in the cryptocurrency space.
Following its inception, the decentralized exchange Uniswap locked in 50% of the Shiba Inu token supply. Users could only earn and trade cryptocurrencies using smart contracts and automated transactions between cryptocurrency tokens on the Ethereum network. Furthermore, the system is also known as an Automated Market Maker protocol (AMM), and it encourages customers towards becoming liquidity makers in return for a portion of transaction costs and free tokens.
Dogelon Mars (ELON) is Taking the Same Route as Shiba Inu (SHIB) and Locks 50% of Its Total Supply
Dogelon Mars (ELON) is a meme coin and an ERC-20 token built on the Polygon and Ethereum networks which are two of the most well-known blockchains and platforms of choice for many decentralized apps. In terms of total token supply, there are 1 quadrillion Dogelon Mars (ELON) in circulation overall. To properly burn the tokens and eliminate them from circulation, 50% of all ELON tokens have been given to Vitalik Buterin, the creator of Ethereum. This is a similar strategy by Shiba Inu. In terms of security, Dogelon Mars (ELON) is highly secure because it is built on the Ethereum blockchain. Ethereum is one of the most secure blockchains in the cryptocurrency sector thanks to its proof-of-work consensus process, which forces miners to create new Ether.
Guffawli (GUFF), the Meme Coin With an Attitude
Built on the Binance Smart Chain (BSC), Guffawli (GUFF) is a decentralized meme coin that aims to cater to those in the financial sector feeling under the weather, going through distress, or burdened with psychological issues arising from the instability of the financial market. Derived from the Scottish word “Guffaw” which means to laugh, Guffawli has taken a psychological perspective and it intends to preach the much-needed gospel of laughter in the financial sector as a lot of investors are plagued with greed, fear, anxiety, etc which can be detrimental to not just their health but business as well.
To tackle this, Guffawli has come up with viable and implementable solutions to ensure that every investment is well taken care of at each stage, this will lessen or remove fear and facilitate strategic planning which will in turn make judgments about investments advantageous, for all investors who think long term.
Guffawli (GUFF) Tokenomics
Guffawli (GUFF) has a total token supply of 10,000,000,000 and it will be distributed as follows:
40% goes to liquidity
6% goes to the team
22% will be used for rewards
7% for promotion
25% will be locked
Most meme coin platforms are all bark and no bite, but Guffawli — through its strategic plan and unique approach — aims to dominate the meme coin space and be a positive assurance to investors.
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