Today’s cryptocurrency market is saturated with a class of altcoins known as meme tokens. Among them is Dogecoin (DOGEwas), which was launched in 2013. It’s been almost a decade since its inception, but it wasn’t until 2021 that this meme token – the influence of Elon Musk – exploded.
Since the success of cryptos like Dogecoin (DOGE) and Shiba Inu (SHIB), several other cryptos have attempted to replicate their success. Not all of them have what it takes, but newcomer PugglitInu shows a world of promise.
This article discusses PugglitInu (PUGT), the upcoming Binance Smart Chain meme token that promises many capabilities and why it could follow market leaders like Dogecoin (DOGE).
An old Dogecoin (DOGE) cannot be taught new tricks
Dogecoins is a cryptocurrency based on the Dogen meme. It is an open-source decentralized peer-to-peer (P2P) meme token.
Dogecoin is not controlled by a single person or centralized entity, but according to rules agreed upon by community consensus, meaning that any token holder can participate in the governance of the token.
Like most meme tokens, DOGE has little utility. However, it is notable for its unique, large and active community of users, which have helped put it well ahead of many cryptos with real-world use cases.
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What awaits Pugglit Inu (PUGT)?
PUGT is the governance token for the PigglitInu network powered by the Binance Smart Chain. It is an open-source, multi-chain meme token that allows holders to transfer tokens across multiple blockchain networks that work best for them. Holders can trade cross-chain by pairing their PUGT token or using the liquidity pool technique.
PUGT’s DAO promises to usher in a new age of meme tokens that will offer solutions to various crypto-related problems such as transaction costs, security, flexibility, and accessibility.
PugglitInu’s wallet allows users to hold different types of tokens and buy, sell, trade, and retrieve them from a single, multi-chain wallet that is secure, accessible, and controlled only by the users. Additionally, PUGT’s interoperability allows users to exchange crypto assets such as NFTs across multiple blockchains.
The network is encouraged to allow users to earn rewards for staking their token holdings in liquidity pools and contribute to the development of the platform. The higher the value of the staked tokens in the pools, the better the profits that users and the platform make from staking.
The PUGT protocol uses the Binance Smart Chain as a reflection token for long-term and short-term usage to maximize user profit. Each transaction on the protocol is subject to an 8% tax fee, of which 4% is reserved as a reward for token holders according to the volume of their holdings.
The supply of tokens is set at 100 billion tokens, 75% of which will be sold during the pre-sale. However, it’s still unannounced when the token pre-sale will start, so you’ll need to keep up with the crypto news to know when that will be.
The final result
The value of meme tokens like DOGE comes mostly from the support, excitement, and fear of missing out (FOMO) generated by influencers. As a result, DOGE has excelled over the years and will likely maintain its success in the cryptocurrency market for years to come.
PUGT, on the other hand, promises to bring much more utility to users than the regular meme tokens in the crypto space. With its launch not too far off, it will be interesting to see if it will join DOGE to become one of the biggest cryptocurrencies.
To learn more about PugglitInu (PUGT), visit the following links:
Presale: https://pug.pugglitinu.com
Website: http://pugglitinu.com/
Telegram: https://t.me/PugglitInuOfficial
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