In the last decade, cryptocurrencies have outperformed expectations and become an increasingly important component of everyday finance. Furthermore, the diverse crypto applications have noticed the emergence of many types of digital assets focusing on other sectors.
The concept of Meme tokens, on the other hand, has perplexed many. Meme tokens are cryptocurrencies centered on culture, social media memes, and humor rather than specific technical use-cases.
The meme token craze began in 2013 with Dogecoin, a bitcoin parody based on the popular Japanese dog meme. Dogecoin’s success has spawned a slew of meme token initiatives that have seen tremendous community participation and price increases in recent years.
According to CoinMarketCao data, the market valuation for Meme coins is currently above $55 billion and increasing. Shar-Pei is the most recent meme coin that attempts to capitalize on this trend in order to deliver value to holders.
Shar-Pei is a unique token based on a Chinese breed of huge muscular canines with wrinkly skin. It is based on the renowned Binance Smart Chain, which provides users with minimal transaction fees and quick confirmation times.
In comparison to other meme tokens, Shar-Pei has taken strides to become a fully decentralized cryptocurrency. To begin, half of its total token supply (100,000,000,000) has been locked away in a liquidity vault for the past five years. This is exceptional, as it demonstrates that the project’s team is devoted to a long-term approach.
Furthermore, before the token launch, the Shar-Pei team did not hold any presale, private, or seed sale events. This meant that everyone had an equal opportunity to accumulate Shar-Pei tokens during the PancakeSwap public sale.
Shar-Pei is entirely community-driven, with no fraction of its token supply dedicated to its team or dev tokens. All blockchain suggestions and enhancements will be offered to the community for approval and funding.
Shar-Pei debuted on the premier Binance Smart Chain DEX PancakeSwap and is now featured on the crypto aggregator portal CoinMarketCap. Shar-Pei currently has a market capitalization of $8,000,000 and 5,000 holders.
This compares favorably to the performance of other popular meme coins such as Safe Moon Inu and Cum Rocket in their first few weeks of operation. Shar-Pei, like Shiba Inu, has revealed a roadmap for developing additional items inside its ecosystem. Among the products are the Shar-Pei charity NFT collection and the development of the Play-to-Earn metaverse.
Shar-Pei continues to gain popularity in the crypto market, with its price increasing by 20,000% since its inception.
