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Does Mehracki (MKI) Have The Capability To Compete With Meme Coin Veteran Dogecoin (DOGE)?
Cryptocurrencies are digital components that have revolutionised finances by being secure, quick and permissionless. All of its unique features have been permitted through blockchain technology. Crypto coins have allowed other digital components such as decentralised finances (DeFi) and non-fungible tokens (NFTs) to emerge.
It has also led to the creation of meme coins – crypto tokens categorised by their branding. They are coins based on viral images and internet memes. One eminent blockchain that pioneered the wave of meme coins is Dogecoin (DOGE) – a crypto token based on the 2013 'doge' meme. However, there is a newcomer to the meme coin market who plans to distinguish itself from other coins named Mehracki (MKI).
This article will explore if Mehracki can compete with the meme veteran Dogecoin, examining what functions and rewards it offers users.
Mehracki (MKI) identifies itself as a community-driven meme coin that intends to create a system where token holders can govern the platform. It is built on the Solana blockchain to ensure fast, inexpensive and borderless cryptocurrency transactions.
Meme coins often come under criticism in comparison to any other crypto category due to their absence of real-life applications, the utility of tokens, and use cases. However, Mehracki differentiates itself from this by having a utilitarian model – a system that allows the verification of transactions in the ecosystem, serving itself as a unitary value exchange between hospitality businesses and customers.
Additionally, there is a unique feature which sees the blockchain network have several incentives for adoption and goes a step further to gamify milestones for increased loyalty of their users. According to an article published by News Able, MKI holders will also have the ability to be in control of their and not be concerned about foreign exchange due to their partnerships with DeFi-capable NFTs and hospitality outlets.
Mehracki (MKI) is a blockchain network that wants to conduct a forceful promotional campaign that will see them make agreements with large corporations in the tourism industry and reach a mass audience suitably.
As previously stated, Dogecoin (DOGE) pioneered meme coins by being the first one to enter the crypto market. It is based on the 2013 'doge' internet image that consists of a Shiba Inu dog funnily glancing at a camera being accompanied by coloured internal monologues in Comic Sans font.
Its value and popularity grew due to its authentic and fun nature that contrasted with what cryptocurrencies were doing at that time. Furthermore, the success of Dogecoin has been heightened by entrepreneur Elon Musk, who has publicly endorsed DOGE within the past year.
The blockchain network describes themselves as an open source peer-to-peer digital currency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers called nodes.
Dogecoin differs from Bitcoin's proof-of-work protocol and instead uses Scrypt technology, having an uncapped total supply. This means that there is no limitation to the amount of DOGE coins that can be mined – mining DOGE individually or by joining a mining pool.
Mehracki seemingly has the potential to compete with the veteran meme network Dogecoin due to its several distinct features that accommodates users' needs. Dogecoin has successfully allowed the categories of meme coins to thrive in the crypto market, leading to the emergence of other prominent meme coins such as Shiba Inu and Dogelon Mars.
Mehracki targeting the hospitality and travel industries gives it solid potential to succeed in a saturated market.
More information on Mehracki (MKI):
Website: https://mehracki.io/information
Presale: https://buy.mehracki.io/register
Telegram: https://t.me/Mehracki_Official
Twitter: https://twitter.com/MehrackiToken
