Freewoly Set to Rival Meme Coins Like Dogecoin and Shiba Inu

Memes are photos or short videos we find on the internet to portray ideas or a particular concept; memes are often humorous. It may come as a surprise that memes didn't originate online. It originated in 1976 from the book The Selfish Gene, in which the author Richard Dawkins used a meme to describe a behavior that spreads across people in a culture.

Memes have since then grown exponentially and have become prevalent on the internet.

Meme coins are cryptocurrencies inspired by memes or pay homage to a meme; the first meme coin was created in 2013 by Billy Marcus and Jackson Palmer, called DOGEcoin. The Dogecoin was inspired by the meme of a Shiba Inu dog, and in the meme, the dog was misspelled as doge. The meme went viral and ultimately led to the creation of DOGEcoin.

Dogecoin started as a joke but gained traction after it was created, as it tripled in value a month after it was launched, but it dropped drastically in the following months. Later, in 2021, it became an internet sensation as it hit its all-time high of $0.58. Most still regard Dogecoin as the best meme coin, with SHIBA INU being the second on that list.

SHIBA INU is a decentralized cryptocurrency created in August by an anonymous person/group known as ryoshi, and the coin was dubbed the "THE DOGECOIN KILLER." On October 2021, approximately one year after SHIBA INU was created, it saw a staggering 150,000,000 increase in value. This abnormal price increase was majorly contributed by Elon Musk's interest in meme coins; just like the DOGEcoin, SHIBA INU is also a dynamic meme coin.

Freewoly – A Meme Coin With A Difference

The FreeWoly ecosystem is augmented reality with gaming elements and financial services integrated within the platform. The platform provides users with the avenue to play games, access financial services, and mint NFTs. The platform is combined with a Play 2 Earn model.

The $FWoly meme coin powers the ecosystem. It is backed by NFT based ecosystem. The model adopted for the token ensures its compatibility with P2E gaming. FreeWoly plans to use a similar model, whereby a community is built around the meme coin and planned recreation. The token is then used inside the P2E sport to reward players and neighborhood participants.

The coin will be the utility coin of the FreeWoly ecosystem. It can be used to trade animals and farmland while also being used outside of the ecosystem as a standalone cryptocurrency. The FWO token is set up within a Decentralized Autonomous Organization (DAO) framework, using smart contracts created on the Binance Smart Chain to control the coin's value and ensure stability. The meme coin is set up to redistribute 2% of transactions to token holders.

A live presale is ongoing, and there will be a 2-month vesting period once the presale ends.

For more on FreeWoly, visit:

FreeWoly (FWOLY)

Presale: https://farm.freewoly.io

Website: http://freewoly.io/

Telegram: https://t.me/FreeWolyOfficial