Background – Memecoins
The year 2021 was a watershed moment in the history of cryptocurrency. Blockchain technology, cryptocurrencies, DeFi, and NFTs grew exponentially and the whole industry saw a huge rise in value with investors pouring in from all over the world.
Memecoins are cryptocurrencies that are based on popular internet memes, jokes, or themes. They are not problem-focused in the same way other cryptocurrencies are and because the value of memecoins is reliant on influencer endorsements, community activities and excitement, their value swings in response to changes in market interest.
The volatility of memecoins, as well as the lack of real-world applications, frequently discourages venture capitalists from potentially investing. However, there has been a growing interest in the category and as of April 2022, there are over 400 memecoins listed on CoinMarketCap.com. Of course, it was Dogecoin, the “meme-king”, who initiated the craze back in 2013.
Despite these apparent disadvantages, Dogecoin (DOGE) and Shiba Inu (SHIB) rank in the top 15 most valuable cryptocurrencies by market capitalization. The latter experienced the most spectacular growth of the two, increasing by more than 60,000,000% last year alone. Memecoins have gained in popularity since then, and finally, the crypto world has started to take them more seriously.
Forget About Doggy-memes, Mehracki (MKI) Is Here
What is Mehracki
Mehracki ($MKI) is a community-driven memecoin built on the Solana blockchain. Mehracki (pronounced may-rah-kee), comes into the cryptocurrency world with a revolutionising idea, that of a memecoin with real-world utility.
The team behind the project has developed a framework that will both be appealing to investors and will also retain basic meme features.
Mehracki is a use case, a real-world application with a functional infrastructure that will ensure the growth of the token and the project in the long term.
The word Mehracki refers to pouring one’s entire creativity, soul, and love into every activity in life.
What is the main focus of Mehracki
Community, of course.
Mehracki’s real-world applications will revolve around low-cost, quick, and borderless transactions with the main objective to open up the hospitality and tourism industry to everyone, everywhere.
How does MKI work
Users will be able to conduct transactions and operations by using the MKI token, Mehracki’s native token.
Users will also be empowered to administer customer loyalty tokens, avoid the use of expensive intermediaries, gain first-hand knowledge of consumer behaviour in order to improve services, set up a referral and feedback system, and perform other similar activities on the platform while staking and earning yields. Over time, Mehracki’s ecosystem will grow and that will allow for the growth of all its services (refer to the roadmap for more).
The plan is to put in action a platform where users can employ the utility token and earn rewards, exchange non-fungible tokens (NFTs), be part of a decentralised autonomous organisation (DAO), stake and yield farming, as well as a have access to a marketplace where tourist and hospitality enterprises can interact without the need for intermediaries.
What is the goal of MKI
In a world that is too fast and often stressful, Mehracki’s objective is to restore the long-forgotten art of unwinding and taking care of oneself.
Mehracki’s has landed in the cryptocurrency world to promote health and a high-quality lifestyle. It will do so through the use of memes, travels, and experiences, ultimately creating memories for millions of users all with blockchain technology serving as the vehicle.
Why Tourism and Hospitality
In 2019, the travel and tourism industry contributed more than 10% to the global gross domestic product (GDP), confirming its strength as one of the world’s most influential and significant industries on the planet. In order to get access to this industry, Mehracki will capitalise on the limitations of payment systems as well as the dissatisfaction of businesses in the area.
Should You invest in Mehracki
Mehracki (MKI) enthusiastically supports independent and creative groups in the fields of development, community self-management, and a wide range of other topics.
A transparent and open process is used to communicate development, milestone, and other progress reports making the platform as transparent as possible.
Mehracki is accessible to everyone because it is designed for high scalability and allows for transactions of any amount. Users benefit from low transaction costs and quick processing thanks to the Solana Blockchain.
Mehracki tokens will be distributed and allocated in the following ways:
– Token Name: Mehracki
– Ticker: $MKI
– Total Supply: 1,000,000,000,000 MKI