Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

These Coins Are The “Dogecoin Killers” - Shiba Inu And Freewoly

Once upon a time, a sheep named Woly became more popular than a dog called Doge

Photo Credit :

1660305543_xTX0Jp_Crypto_2.jpg

In the earlier years of meme coins, Dogecoin was regarded as the most influential and popular meme coin because it was created for the sole purpose of making fun of Bitcoin. Dogecoin operated on an independent blockchain and made it easier and faster for miners to complete, record, and process their transactions; this made it one of the most efficient meme coins and changed the view traders and users had about meme coins just being for jokes and entertainment.

In recent times, there has been a significant rise in the number of meme coins, thereby bringing closure to the regime of Dogecoin; these coins not only entertain their users and build a thriving community, but they are also profitable for traders and provide fast and easy financial transactions.

Let’s talk about two meme coins that are the “Dogecoin killers” - Shiba Inu (SHIB), and FreeWoly (FWOLY).

SHIBA INU (SHIB)
Shiba Inu, which is known as a great alternative for Dogecoin, is called the "Dogecoin Killer". It is a meme coin and an Ethereum-based cryptocurrency that features a Japanese-bred hunting dog called Shiba Inu. Shiba Inu's native token SHIB is an ERC-20 token and ShibaSwap is the primary decentralised exchange (DEX) which allows users to buy and swap or exchange tokens without the interference of an intermediary or influence of a third party.

All this has made Shiba Inu a preferred meme coin among traders and Dogecoin's major competition. Users of Shiba Inu can also trade NFTs called Shibatoshis which are a collection of over a thousand special NFTs that are related to the ShibaSwap ecosystem. 


Shiba Inu also allows users to check their portfolio analytics and get rewards. 


FREEWOLY (FWOLY)
FreeWolyis an upcoming meme coin that is designed to be interactive, fun, and profitable. FreeWoly gives users an amazing gaming experience where players can have fun and enjoy financial benefits with its play-to-earn model.

FreeWoly features its main character Woly, an upbeat little sheep who lives in a world where animals are in charge of their farms, and not humans. The animals in FreeWoly are cyborgs that need to be recharged when they are used and they can be assigned to different tasks.

Players are to help Woly the sheep navigate the world and get items to build a successful farm while avoiding the obstacles that want to sabotage his farm.

FreeWoly’s native token FWOLY is ideal for P2E gaming and is the powerhouse of the ecosystem. FreeWoly is a meme coin that is backed up by an NFT-based ecosystem and tokenomics.

In addition, FWOLY can be used to trade animals and farmlands as each animal is minted as a unique NFT and the rare types of animals are more highly valued and are worth a lot of tokens.

FWOLY is a mixed model token that is set up within a Decentralised Autonomous Organisation (DAO) framework and it uses smart contracts created on the Binance Smart Chain to control the value of the meme coin. It gets its inspiration from popular virtual games like Farmville and Pokemon giving users a blend of interactive gaming and challenging strategies, creating a highly entertaining and stimulating gaming experience.

Currently, in its presale stage, FreeWoly rewards bonuses when users buy into the presale with specific cryptocurrencies. For example, if users purchase FreeWoly alongside Ethereum (ETH) during stage 1 of the presale, they would receive a 12% bonus for using BTC within 15 minutes of sign up, a 6% stage 1 bonus and 50% 15 minutes sign up bonus. The bonuses differ based on the tokens purchased with them.

For more information on Freewoly (FWOLY) check the links below: 

Presale: http://farm.freewoly.io/

 Website: http://freewoly.io/

 


Tags assigned to this article: