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Once upon a time, meme tokens were nothing more than tokens with dogs as mascots. They became popular over time because they were funny and really capitalized on the hype. This is not the case anymore, as investors are getting tired of the joke and want something new.
Tora Inua (TORA) is a project that brings novelty to the meme coin space. It has all the hallmarks of a meme coin: it has a high supply, hype, humor, and a dog as a mascot. However, it also has numerous mechanics that make it a revolutionary kind of meme coin. A quick dive into the details of the Tora Inu project will prove why it is so compelling.
How Tora Inu Designs Its Meme Coin Ecosystem
Tora Inu Phase I sale is quickly selling out.
?Major press publications are beginning to notice #TORA
?Bullish news coming end of week
?How to buy: https://t.co/JH8xBKCDOe #ToraInu #dogecoin #crypto #ETH #presale #Cryptocurency #Giveaways #torainucoin #shibainu #SHIB pic.twitter.com/xqswvD9eQj
— Tora Inu (@torainucoin) November 2, 2022
Crypto tokens are only as good as the utility they offer. That said, meme coins are a bit of an exception. They don’t offer more utility than the fact they are joke coins. It can be a social movement or it can be pure hype, but there is no doubt that it brings a lot of investors in.
That can’t last forever, however, and sooner or later meme coins will lose their appeal. Tora Inu (TORA) is an exception in a niche full of exceptions, as it introduces some revolutionary features for a meme coin. It offers actual utility in the world of meme coins.
The features that Tora Inu offer are plentiful and include a Play-to-Earn game, where players can battle their pets against other and earn rewards in the form of TORA and NFTs. Of course, these NFTs can be sold on marketplaces or leveled up if the players are more interested in battling other players. There will also be a metaverse that players can join in, though this does not have a release date yet. Like most metaverses, players will be able to buy land.
The single most important feature of Tora Inu is the token burn and redistribution mechanism it employs. This is where the real value lies. This system is designed to increase demand and, thereby, value. The burning mechanism redistributes rewards and causes a reduction in supply. As more transactions take place, the token value is expected to go up.
The project is currently working its way towards listings, with security audits taking place in Q4 2022. The NFTs will be released in Q2 2023.
The TORA presale is currently live and it uses an incremental price increase method where TORA’s price goes up as new presale phases are launched. There has not been a private sale, and the beta sale will take place until phase 3.
Tora Inu is Changing the Face of Meme Coins
There are few meme coins out there like Tora Inu. It has the potential to change how we interact using meme coins, all without sacrificing any special qualities of these joke assets. Projects will now need large, engaging ecosystems to keep users on their network. Tora Inu is showing other projects how this should be done.
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