The Tora Inu project is challenging the top meme coins, Dogecoin, and Shiba Inu which makes it ambitious.
The “New Era” meme currency heralds a sea change in the meme coin business. The token includes a brand-new, simple redistribution and burn mechanism that simultaneously rewards devoted holders and lowers the supply to increase the token’s value.
While offering more to investors, Tora Inu can compete with all DOGE and SHIBA have to offer. In 2023, Tora Inu will triumph over Dogecoin and Shiba Inu for the following five reasons.
- P2E System
Tora Inu will launch its play-to-earn (P2E) platform and go up against Dogecoin and Shiba Inu right away. Users of the P2E game will be able to gain TORA tokens while playing. Users must buy an NFT, which gradually levels up as players engage in combat with one another or the environment. Additionally, customers receive incentives following every in-game triumph, so there is no delay in receiving money.
The NFTs can be upgraded through the market to boost their stats and provide a competitive advantage, but they must be acquired with TORA tokens.
- Audited Deflationary Token
The deflationary tokenomics structure of Tora Inu is another factor that will cause it to defeat Dogecoin and Shiba Inu in 2023. The Tora Inu blockchain has a burn and redistributes mechanism that will increase its value as the ecosystem grows more well-known.
The token becomes more valuable as its demand rises and its supply declines at the same time. A little portion of each transaction is burned in the deflationary mechanism. Additionally, a small piece of every purchase is automatically paid to Tora Inu holders who have shown the greatest loyalty.
In additionally to the redistribution and deflation mechanisms, Tora Inu has undergone a complete audit by CoinSniper and Solid Proof.
- Powerhouse in Marketing
Tora Inu is aware of its placement of meme coins in the larger cryptocurrency market. To promote their project, they have chosen some of the most prominent bitcoin magazines.
To reach the levels that Dogecoin and Shiba Inu were able to, meme coins often need a sizable community and significant buying pressure. The Tora Inu team has extensive expertise working on social media marketing campaigns on sites like Twitter, Reddit, and Telegram. By promoting the project through a variety of the most well-known periodicals, Tora Inu intends to increase the reach of its efforts and make sure that its token is known throughout the whole industry. The initiative already had more than 16,000 Twitter followers before it ever started.
- No Venture Capitalists or Presale
It’s significant to emphasize that the project is not supported by venture funding. Tora Inu is a grassroots initiative that was created from the ground up. Because there is no venture capital funding the project, Tora Inu will benefit because there won’t be any investors to appease or who will want to dump a lot of TORA on the market.
Additionally, the project didn’t have a private sale, whitelist sale, or seed sale. Instead, TORA’s token sale was completely open to the public, creating a level playing field for the launch—something that hardly ever occurs in the meme coin industry.
- Astronaut-Incubated Pre-Sale
Last but not least, Astronaut Launchpad, the safest launchpad on BSC, incubated Tora Inu and created their presale contracts. The public can currently participate in the presale, which uses an incremental price increase strategy. The presale’s first round offers the cheapest chance to purchase tokens, with the price rising gradually in each succeeding phase. All early adopters will get returns on their investments immediately following the completion of the four phases, with the fourth phase price representing the CEX listing price.
Even though it’s still in its infancy, Tora Inu unquestionably has all the makings of a meme coin that may advance the industry and topple Dogecoin and Shiba Inu in 2023.
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Written by: Coinpedia