With its first token sale on November 6, 2021, Wakanda Inu is the newest player in the massively competitive cryptocurrency market. Its creators, who describe it as a “charity-oriented meme token that is entirely for social good across the globe”, attempt to establish it as a mainstream asset with real-world utility, especially for global nonprofits.
More details can be found at https://wakandainu.com
Still, financial analysts speculate on the viability of the newly launched token. While it has gained decent trade-in decentralized exchange, Pancakeswap, and 11 other marketplaces across Africa and Asia, cryptocurrency investors may be hesitant to mine for the meme token due to its inherent parodical nature. One of the prominent African exchange Sabii of Amber JC Lou Integrated Limited will be listing WKD soon as confirmed by their representative.
Cryptocurrencies, including the world’s leading token, Bitcoin, began as a new way of community trading. Operating on blockchain technology, cryptocurrencies were meant to give power back to the layperson. This was because of its decentralized structure that allowed for complete transparency in every single transaction.
Further details can be found at https://twitter.com/wakandainu
Because tokens were mined and traded with no single regulatory board, users were assured of a significantly reduced risk of fraud. Developers of other tokens began to emerge, including parody meme tokens that featured popular internet avatars such as the Doge or The Black Panther and his country of Wakanda.
Nevertheless, Wakanda Inu has found solid backing among high-risk investors. When it launched, it generated a diluted market capitalization of more than $300 million, with 80,000 $WKD holders in just one week and growing rapidly.
The creators of the new token believe that its initial success is not a one-off event and expect it to improve in market viability in the next few months, especially as the token has adopted a 4% smart contract that supports various charities.
According to its white paper, $WKD began as a community meme project that represents the daily struggles and aspirations of every human being. By embodying the spirit of community, or in this case, Wakanda, the token desires to bring together people of different backgrounds under a single, unified flag.
Interested parties can find more information by visiting https://www.facebook.com/wakandainu
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Amber JC Lou Integrated Limited
Amber JC Lou Integrated Limited
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Caubvick Mail journalist was involved in the writing and production of this article.