Mehracki (MKI) is a new cryptocurrency in the coin market. Typical of every new project, especially one with great potential, there has been lots of buzz and analysis on the token, largely tipped to be one of the most successful meme tokens ever. Per indications, Mehracki Token (MKI) shouldn’t struggle to make a name for itself and be greater than forerunners in the meme category including Safemoon coin, Dogecoin and Shiba Inu.
However, beyond comparison with other meme coins, does it have a strong standing in the cryptocurrency market? Can its utility make it as successful as BNB (BNB) and Loopring (LRC)? This article reviews and answers these questions by comparing the three altcoins.
The Binance ecosystem is a decentralised blockchain-based network launched in 2017. It is the largest cryptocurrency exchange ever and has over the years pushed crypto exchanges to join top financial activities globally.
The Binance ecosystem is a large network of diverse functionalities including blockchain technology (Binance Smart Chain and Binance chain), a decentralised exchange (Trust wallet), a learning platform (Binance academy), research projects etcetera.
The platform utilises optimised blockchain technology to achieve its aim of increasing the adoption of digital finance (decentralised finance) worldwide. The Binance network’s ultimate aim is to become the top provider of integral services the whole blockchain ecosystem may need. The ecosystem is secured by the Tendermint Byzantine-fault tolerant consensus mechanism, making it a secure and efficient platform.
BNB is the native token of the ecosystem. It launched shortly after Binance was created, and had an Initial Coin Offering (ICO) of about $15 million. The coin started as an ERC-20 token on the Ethereum blockchain before Binance introduced its own blockchain. BNB (BNB) currently ranks #5 on the CoinMarketCap with over $37 billion in current market capitalization, making it one of the biggest cryptocurrencies in the coin market.
BNB reached an all-time high of $690.93 in 2021, rewarding long-term holders with a high percentage return on their holdings. Although the coin has suffered around a 60% dip in price due to crypto winter and other factors, it’s still one of the strongest in the market.
Loopring is a decentralised crypto exchange platform with an open-source protocol. The platform combines beneficial features of centralised and decentralised platforms to create protocols that improve on both and reduces the inefficiencies. Loopring addressed the problems of transparency and control associated with centralised exchanges.
LRC is the native token of the protocol created through ring mining. It features a burning mechanism to control supply volume. Loopring (LRC) operates on the Ethereum blockchain, and can also function on Neo — each network has its own token, thus the LRC for Ethereum is different from that of the NEO.
The LRCtoken is currently among the top hundred (100) cryptocurrencies in CoinMarketCap with a market capitalization of $550 million. It reached an all-time high of $3 in the previous year but currently sells 80% below its peak price. This gives the advantage of low price entry in anticipation of a new all-time high.
Mehracki is a community-driven meme project currently on presale. The DAO decentralised platform will be governed by community members through votes, to ensure equal participation of all members, leading to the project’s development. The Mehracki Token (MKI) will power the network and function as a transaction fee and governance token. The Mehracki Token (MKI) is built on the Solana (SOL) blockchain. The token will have real-life applications in the areas of tourism and hospitality.
Mehracki transcends conventional meme projects launched in previous years, with applicable use cases in real-life, decentralised finance, and NFTs. This increases its potential to become a successful cryptocurrency like BNB (BNB) and Loopring LRC.
Also, it is the first mover in the tourism and hospitality sector. This provides it more chances of success. Mehracki aims to inculcate NFTs into the sector while using rare NFTs as incentives for community members that contribute to platform developments.
It is currently on presale at a very low price, and now may be the best time to gain entry.
Find out more about Mehracki (MKI) via the links below:
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