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The Kaito (KAITO) token airdrop claims opened last week, followed by listings on centralized exchanges on February 21. Interestingly, in the same week, KAITO's price increased by 50%, and its DeFi token price reached a high of $1.97. But on the flip side of things, the Kaito community felt betrayed upon realizing that 25% of the KAITO tokens supply is allocated to the team and only 10% airdropped to early supporters.
Still on new decentralized finance (DeFi) entrants, ChowWow ($CHOW), the novel meme coin that presents an opportunity for massive returns, quickly sold out stage one of its crypto coin ICO. ChowWow is built on the vast Solana blockchain, and it packs real utility with play-to-earn and stake-to-earn rewards. This read presents KAITO's price pump and ChowWow's selling out its first presale stage.
On February 21, crypto exchanges including OKX, Binance, and BitGet, listed KAITO with a pre-market price of around $1.25 per token. KAITO’s price also pumped to a high of $1.97 the same week. Notably, of the 1 billion token supply, only 10% was allocated to early supporters, and many felt betrayed by the discovery.
KAITO has seen some corrections but is now stabilizing around the DeFi token price level of $1.65. According to data from Dune, 30.50% of the total supply has been claimed so far, with the total claimed accounts surpassing 85,000.
ChowWow's presale raised over $193,000, while it sold at a DeFi token price of $0.008. Planned to be carried out in ten stages, ChowWow has sold out stage one in just a few weeks, and its price is set for upticks as the presale progresses. As the best cryptocurrency for increased earnings and value retention, $CHOW is a deflationary token with plans for token burns and buybacks to support its price.
50% of the total supply of the $CHOW tokens are allocated for presale and the remaining would be distributed strategically for marketing, the project teams, staking rewards, gaming rewards, and airdrops. To participate in this crypto coin ICO, a minimum purchase of $25 worth of tokens is required.
The idea behind the ChowWow project is from the Chow Chow dog breed, which symbolizes loyalty and good fortune. Also, ChowWow's mascot is dressed in red, which is traditionally associated with good fortune in Chinese history. This project, therefore, promises good fortune to investors, as well as huge investment returns in the coming months.
ChowWow introduces a stake-to-earn approach for users to lock their tokens for more rewards and provides liquidity for the ecosystem. The users also get to earn interest that would be paid out monthly in $CHOW tokens. This project is also committed to engaging its community by organizing meme contests, which will encourage active participation and spark creativity.
The Kaito project seems to have survived the most critical periods following its launch, and its price continues to rebound. ChowWow is fast-growing as its investors are looking to enjoy high returns, and it has completed the first milestone in its presale. As ChowWow is built on Solana, users are certain of fast, secure, and affordable transactions.
Having its community in mind, staking benefits, and gaming rewards, to mention but a few, makes ChowWow the best cryptocurrency to capitalize on now.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
