Memecoins have recently become an increasingly popular investing method, starting from DOGE’s rise to prominence. Following PEPE’s recent success, Wojak Inu wants to make its mark on the memecoin market.

With multiple features, Wojak Inu wants an exciting degen hustle for worldwide meme-loving investors. This review will describe the project’s goals, vision, and roadmap to see what Wojak Inu offers to the crypto community.

What Is Wojak Inu?

Wojak Inu is a new blockchain-based memecoin that aims to attract investors with its simple tokenomics, lack of team tokens, and taxes.

This project has passed a SolidProof audit, burned and locked liquidity within 24 hours of launch, and renounced its contract. This strategy aims to create a secure environment for investors and ensure their money is safe.

The project has a market cap below 100K, with roughly 150 holders. The team explained that this combination of low cap and high holders creates the conditions for explosive growth.

In addition to its tokenomics, Wojak Inu is building an irreverent community dedicated to demonstrating the power of decentralization.

How Does Wojak Inu Plan to Take on the Memecoin Market?

Wojak Inu is the newest entrant into the memecoin market, proposing several features to make an impact. Various features are componing the team’s go-to-market strategy, such as:

LP locked and burned
SolidProof’s audit completed
The contract’s ownership renounced
Uniswap DEX tools updated
Token info submission to CoinMarketCap and CoinGecko
Marketing activation to get the word out about Wojak Inu

These features are all key components of what the team intends to do to thrive in the memecoin market. In addition, Wojak Inu is using social media to build a community and engage with the crypto world.

Following PEPE’s Recent Success

In case you’ve missed it, many people have discussed PEPE in the memecoin sector. The meme coin launched on April 16, 2023, and ran to a multiple of its initial value within three days. 

On Uniswap, trading volumes rose to $30 million. With such rapid development, the market capitalization has reached over $100 million and thousands of holders.

Following PEPE’s success, it is no wonder that many other projects, including Wojak Inu, aim to attract investors who missed out on the opportunity. 

The Wojak Inu founders have integrated a “community for community” mantra within their project design, similar to PEPE’s strategy.

Furthermore, the team opted for PEPE-style tokenomics, meaning they aspire to attract the same type of investors as their predecessor. We’ll look into the tokenomics design of this project in the section below.

The Project’s Tokenomics

Wojak Inu’s tokenomics moved most of its tokens (92.8%) to the liquidity pool, triggering a consequent burning system.

Burning tokens means that a certain amount of coins permanently leave circulation, reducing the total supply and creating deflation. Deflation is a normally desired condition in crypto projects, as it increases the theoretical value of existing tokens.

The remaining 7.2% of Wojak Inu’s total supply is in a multi-sig team wallet. This will allow the team to use the tokens for future centralized exchange listings, bridges, and liquidity pools.

Through this tokenomics system, Wojak Inu ensures to bring a decentralized, transparent, and deflationary tokenomics system to its users. This aims, in turn, to help create more trust with investors and a profitable platform for traders and liquidity providers.

Anyone looking up “wojakinucexwallet.eth” on the Ethereum Name Service (ENS) can access the public wallet address and its contents. This is a sign of trust, allowing anyone to inspect the team’s tokens and their use at any time.

The lack of transaction taxes wants to encourage more people to join in and contribute to the Wojak Inu ecosystem. Furthermore, it also incentivizes users to hold onto their tokens and achieve price appreciation over time.

As mentioned, Wojak Inu’s tokenomics aims to bring a crypto ecosystem similar to the successful memecoin PEPE. This similarity aims to reassure new and experienced investors and present a pleasant, deflationary tokenomics system.

Wojak Inu’s Roadmap

An easy way to understand Wojak Inu’s future ambitions is to look at the roadmap that the team designed.

The first phase begins with the launch of Wojak Inu and mentions the listing on CoinGecko and CoinMarketCap. As a first target, the team expects to reach a milestone of 1,000 token holders. In this phase, they want to use their “memetic power” to trend $WOJAKINU on Twitter.

The second phase of their roadmap includes forming partnerships with the community and launching a digital newsletter. In addition, the founders wish to reach 10,000 holders through CEX listings by the end of this phase.

The last phase of their roadmap focuses on creating generational wealth for their holders. This includes offering Wojak Inu-themed merch (with revenues going to a buy and burn), launching Wojak Inu Academy, and more. 

The team also wants to reach 100,000 holders through T1 exchange listings. Furthermore, the project plans on using its tokenomics to overcome Bitcoin’s market predominance.

This roadmap is designed with long-term sustainability to help create a strong foundation for the project.

Bottom Line – A New Concept in the Memecoin Business

Wojak Inu is an ambitious project with a clear mission of creating generational wealth for its holders. Its tokenomics is similar to PEPE’s, and the team’s deflationary ecosystem intends to enhance the crypto community’s value. 

The team has designed a sustainability roadmap to bring a new concept to the memecoin business.

$WOJAKINU’s team is only getting started. With plans for creating generational wealth for its holders, the final phase will include Wojak-inspired NFTs and merchandise, farming, staking, Tier 1 Exchange listing, and revenue-generating models through a Flywheel tokenomics model.

If you want to learn more about Wojak Inu, you may visit their website. Moreover, you may join the conversation on their social media channels (Twitter and Telegram).

The post Wojak Inu – A New Way to Imagine Memecoins in PEPE’s Footsteps appeared first on Crypto Adventure.

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Filed under: Bitcoin - @ April 26, 2023 11:19 am