A brand new push for a community driven approach to cryptocurrency
Birmingham, Alabama Jun 7, 2021 (Issuewire.com) - As the world gains interest in cryptocurrency, brand new community-led tokens are becoming a big hit. The success of projects such as Shiba Inu has seen an explosive growth of new investors looking for the next big thing.
One with huge potential that's making waves is a little-known token called StrongApe.
StrongApe was recently created by a mysterious developer who left the token live on the Binance Smart Chain network with a challenge attached.
The challenge was written in the code, for a community to adopt the token, build it and grow one thousand times its current value. This challenge was accepted and the StrongApe community was born.
It started small with a few enthusiastic people on the Telegram messaging app, but it grew fast. There's now a small team consisting of designers, coders, marketers, and enthusiasts who believe they have what it takes to see the challenge through.
Since launching, a website has been built, strong branding and graphics designed, promotional activity set in place by listing the token on many of the popular cryptocurrency listing sites. But it doesn't stop there.
This small team has big plans. One of the most active community members told us, "you only have to spend one minute in our Telegram group to know this token is going places. There's an energy the larger tokens can only dream of".
And they're right. Within the first day of working on the project, the community was able to achieve a market cap of fifty thousand dollars without any paid marketing.
One big attraction of StrongApe is its tokenomics. The original developer burnt ninety percent of the supply to a dead wallet and introduced transaction taxes. Two percent of the transactions are distributed back to all holding wallets based on how many tokens they hold, but because the dead wallet is holding ninety percent of the supply then the token is constantly burning, which makes it deflationary and scarce as time goes by.
Deflationary tokens have the potential to make huge returns for investors. As always, markets are driven by supply and demand. If the supply of a token is falling whilst demand picking up then the value will naturally increase. This is a model that should give StrongApe a considerable advantage over its competition.
So what does the future hold for StrongApe? A community member said," we've only just started on what we plan to achieve. The first steps are to create awareness and get the token listed on many of the main websites that display prices, whilst we grow the community. The next steps will be to bring in a product, utility, or service that fits the StrongApe brand. We should have more to say on this very soon".
Community-driven tokens have been big news in 2021. The rise of Shiba Inu captured the imaginations of many. Projects such as Safemoon and Hodl Token also multiplied by thousands of percent in value over a very short space of time creating a search for the next 1000x token. The power of a community growing something meaningful and life-changing is very real.
The appetite for cryptocurrency is now seeing phenomenal growth, and many businesses are now taking their products into the blockchain. StrongApe aims to position itself ready to capture market share and grow itself organically over the coming months. It's probably time you took notice and seen what this is all about.
For more information visit the website strongape.net
Media Contact
StrongApe PR
+1 501-550-1415
Source :StrongApe
This article was originally published by IssueWire. Read the original article here.
