Memecoins have earned their place in the digital asset ecosystem. Crypto projects such as Shiba Inu started as a meme or joke in August 2020 but quickly gained favor among crypto investors. A clear example could be SHIB, which has earned its spot as one of the largest crypto projects in the decentralized ecosystem. Shiba Inu ranks among the top 20 largest crypto projects by market cap on CoinMaketCap’s list and claims second place among memecoin projects. Although memecoins such as Shiba Inu have largely been associated with significant gains, investing in utility projects such as BinoFi yields more profits for early investors. Experts in the crypto industry have predicted that BinoFi will outperform Shiba Inu in the long run. What is Shiba Inu? Shiba Inu is a crypto asset based on the Ethereum network created as a meme. The crypto asset uses a Japanese dog breed Shiba Inu as its mascot. The project’s ecosystem was created by an anonymous developer (group of developers) by the pseudonym Ryoshi. Ryoshi sent half of the tokens to Ethereum’s co-founder Vitalik Buterin’s public Ethereum address as a marketing stunt. The project quickly gained traction and attracted investors causing its value to rise sharply. What is BinoFi? BinoFi is the first ever hybrid cryptocurrency exchange that amalgamates advantageous features from centralized and decentralized exchanges. The DeFi exchange has launched as a first-to-market project offering modern and innovative solutions to crypto traders. The crypto exchange is set to modernize crypto trading by providing automated solutions for crypto traders and investors such as AI-powered trading bots and automated risk management solutions. The hybrid exchange also aims to eliminate risky third-party bridges and reduce the overreliance on wrapped assets. BinoFi users will capitalize on Multi-Party Computation (MPC) wallets to execute trading transactions in a secure environment without the need to surrender custody of their crypto assets. The BinoFi Token (BINO) is the native digital asset of the BinoFi trading ecosystem. BINO token will enhance liquidity and trading incentives through rewards and fee discounts. BINO holders who stake the token will also receive discounts on trading fees when executing centralized and decentralized transactions. BinoFi’s presale will reward long term holders BINO is an ERC-20 token with a maximum supply of 2,000,000,000 tokens. The BinoFi team has set aside 43% of the taken supply (860 million tokens) for its public sale, 20% (400 million tokens) for liquidity and market making, 15% (300 million tokens) for ecosystems and rewards, 10% (200 million tokens) for community and partnerships, 2% (40 million tokens) for team and advisors and finally 10% for its reserve fund. BinoFi is currently in its initial stages of development. The project has a running presale aimed at distributing BINO tokens to community and investors. The first participants can purchase the tokens at an average price of $0.020. During this phase, the team aims to raise $800,000 from the first ICO participants. The price will increase gradually as the team unlocks each phase. The team has set measures to encourage long-term holding by giving early supporters staking incentives and presale participation bonuses. Presale investors who stake immediately after the Token Generation Event (TGE) will receive additional staking rewards. The investors will also receive governance rights that allow them to participate in the BinoFi decentralized autonomous organization (DAO). If we were to compare projects such as Shiba Inu (SHIB) and BinoFi (BINO), Investing early on the latter’s development has definitely better chances at unlocking massive future gains for investors. Learn more about BinoFi: Website: https://binofi.com Whitepaper: https://whitepaper.binofi.com Telegram: https://t.me/binofilabs Twitter: https://x.com/BinofiLabs
