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Akita Inu, the Decentralized Meme Currency Building a DEX Community with Polarfox
NEW YORK, NY / ACCESSWIRE / April 30, 2021 / The AKITA mainnet launched on February 1, 2021, only 3 months ago, and inspired by the original meme currency Dogecoin, Akita has found great success especially over the past week, where it has found itself added on multiple exchanges including MXC, HotBot, Poloniex, and more for a total of 7 platforms and BKEX. Akita Inu, is a decentralized meme currency built on top of the Ethereum network using ERC-20 protocol and it has set the decentralized world abuzz with its fast-paced development in association with the Polarfox community.
Polarfox was an initiative started by early investors into the AKITA project and it is currently developing a decentralized exchange on the Avalanche network to ensure low gas fees. The development of the exchange would be followed by the creation of a decentralized social media platform. The ongoing bull run has opened the floodgates of opportunities for all kinds of <a href="https://xpertsstudio.com/nexo-launches-crypto/” title=”Nexo Launches Crypto”>crypto tokens and decentralized social media as well as meme currency is no different.
AKITA is a decentralized and fairly launched token intended to be used for interaction on the AKITA network. AKITA works in tandem with a community governance token called Akita that is used for voting on the movements of the community as a whole. The core purpose of the AKITA token is to be used during interactions between users on a decentralized and anonymous social media platform.
The AKITA community would be backed by the AKITA network foundation that will form an unincorporated nonprofit association. The AKITA contract and various affiliations such as social media platforms and webspace are being fully funded and developed by the AKITA foundation with the support of the community. The AKITA foundation is dedicated to providing material through which anyone may understand the functions of smart contracts.
Any time that AKITA is used on the platform it will burn itself into a relative portion of gAKITA to be given to the receiver of positive interactions on the platform. For instance, an upvoted post that receives 1000 upvotes, the owner would receive 0.01 gAKITA.
gAKITA as a token carries inherently more extrinsic value than the AKITA token because evolving dynamics on the platform could increase the value of the influence that gAKITA offers over the direction of the network. The AKITA contract and gAKITA contractA. The team behind the project has also assured of a third-party audit once the v1 platform is launched
Source: finance.yahoo.com