The meme token market is highly saturated. Many rely on general hype and endorsements to keep them relevant after launch. However, the tokens mentioned in this article deviate from this path to keep a loyal community by giving utility to their meme tokens. The tokens are Mehracki (MKI) and Shiba Inu (SHIB).
Shiba Inu is known to every crypto enthusiast. The token was created only to mock the popular Dogecoin (DOGE) for its lack of utility. However, the token quickly rose to fame and now sits as the second most popular meme token. Mehracki is a feel-good token primarily focusing on improving the hospitality and tourism industry for its users. Ready to explore? Let’s go!
The Utility Boost For Shiba Inu (SHIB)
Shiba Inu (SHIB) was built on the Ethereum (ETH) blockchain. Because of this, Shiba Inu can run smart contracts and work with decentralised applications (dApps). Dogecoin doesn’t possess this utility making it very limited in what it can do.
Shibarium is the next project on the Shiba Inu roadmap to release this year. It is a layer-2 solution proposed by the creator of the Shiba Inu coin, Ryoshi. One of the primary goals of Shibarium will be to lower transaction costs while increasing transaction speeds. A blog post by the developers said the transactions would be, “approved in seconds for pennies”.
Want a chance to develop on Shibarium? The Shibarium Hackathon has you covered. According to Shytoshi, the event will allow external developers to build on top of the layer-2 solution pretty soon.
Shiba Inu has a decentralised exchange, ShibaSwap. The aim is to provide a safe place for you to trade while remaining decentralised. The ShibaSwap platform is not limited to trading crypto. You can participate in governance, staking, and even use the NFT marketplace.
The Feel-Good Nature Of Mehracki (MKI)
The highly-anticipated launch of Mehracki (MKI) is less than a month away! Currently, the token can be grabbed for a low price during the presale. The expansive ecosystem provides many opportunities to those who hold an MKI token. From staking and yield farming to an NFT marketplace, Mehracki does it all.
Like Shiba Inu, Mehracki wants to bring utility to meme tokens. Right out of the gate, holders of MKI will be able to make transactions with the token, bypass costly intermediaries, and do other similar activities. Mehracki is built on the Solana blockchain (SOL) so users can take advantage of nominal fees and tremendous speeds. Find out more here.
Using blockchain as the tool, Mehracki wants its users to travel the world, taking advantage of the ecosystem it has built to support tourism and travel adventures. The platform will include a marketplace where tourism and hospitality businesses are showcased with honest reviews.
Mehracki will incorporate a DAO so MKI holders can vote on matters concerning the platform’s future. You can even submit proposals that will go through the same voting process! Voting power will be based on the accumulation of points based on your native token balance, NFT ownership, and on-chain and off-chain activity.
Shiba Inu (SHIB) has started to bring utility to the token. Now its holders can use their tokens for an array of things and take advantage of the innovative ecosystem with unlimited potential. Shiba Inu is built on the Ethereum (ETH) blockchain which is rumoured to reach 100,000 transactions per second after the Ethereum 2.0 merge.
Mehracki (MKI) has developed an ecosystem that benefits both the user and the hospitality and tourism industry. A plethora of services can be found on the Mehracki platform for any user to take advantage of. If you’re looking for somewhere to stake your tokens or you simply want to purchase a funny NFT, Mehracki always has your back.
If you want to find out more about Mehracki (MKI), visit this article: Mehracki (MKI) Could Make You A Millionaire Alongside Meme Coins Like Dogelon Mars (ELON) And Dogecoin (DOGE)
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