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Twitter Survey of Subsequent Huge Memecoin by ByBit Reveals $KUMA Beating $FLOKI, $ELON, and $BABYDOGE

Urian B., Tech Occasions

03 December 2021, 10:12 am

(Picture : Picture from Jp Valery Unsplash) Twitter Survey of Subsequent Huge Memecoin by ByBit Reveals $KUMA Beating $FLOKI, $ELON, and $BABYDOGE

In hunt of the subsequent huge memecoin, ByBit launched a survey asking the twitterverse which memecoin they’re betting on. With nearly one million views, KUMA ended up on prime with 48.3% of the entire votes.
In keeping with the tweet by ByBit, the Twitterverse was requested to vote on their favourite memecoin. Moreover, 968,603 votes have been locked in on the finish of the survey, with Kuma Inu successful by 48.3% of the entire votes.
This is the Tally on Twitter for the Subsequent Huge Memecoin:

Complete share of votes: 48.3 %

Complete share of votes: 19.6 %

Complete share of votes: 18.4 %

Complete share of votes: 13.7 %
Primarily based on its web site description, KUMA, in any other case often known as Kuma Inu, is a community-focused, decentralized cryptocurrency instantly designed for “breeders.” The hodlers must stake their meme tokens to get a dKUMA reward.

The following huge #memecoin might be….$ELON $FLOKI $KUMA $BABYDOGE— BYBIT 🦍 (@Bybit_Official) October 31, 2021

 

All You Have to Know About KUMA:

Token Title: Kuma Inu
Token Image: KUMA
Complete Provide: One Quadrillion
Liquidity: Burnt

As for tokenomics, Kuma Inu said that it ought to stay so simple as potential without having for superior capabilities of sensible contracts getting used. In addition to, the token is alleged to be fully decentralized and community-driven.
Kuma Inu Merchandise for Hodlers
There are two major merchandise that Kuma Inu is providing its hodlers, with certainly one of them coming quickly. The primary can be Kuma Breeder, a yield farming protocol invented for meme cash. To take part, hodlers should deposit their meme cash with the intention to earn passive revenue.
The token’s second product is providing is the KumaDex which is coming quickly. As per the reason, the Kum Dex might be a decentralized vAMM primarily based perpetual contract buying and selling protocol made for meme cash. The very best half is, the Dex might be including as much as 25% leverage for its lengthy and quick choices.
Learn Additionally: Prime 10 Metaverse Tokens with Highest Progress | May They Spike Larger in December?
How Does KumaDex Work
As per the litepaper, the upcoming Dex is getting just a few notable options. The primary of those options is much like the normal Automated Market Makers like Uniswap, the place merchants will not have to make use of centralized exchanges to put trades.
The Dex will work by interacting with KumaDex vAMM sensible contracts. With this, merchants will have the ability to acquire publicity for derivatives for any specific belongings available on the market. Though most decentralized spinoff buying and selling platforms are nonetheless dealing with liquidity considerations, the upcoming KumaDex vAMM might be providing constant on-chain liquidity.
The upcoming KumaDex platform utility and governance token might be often known as dKUMA and might be constructed with a deflationary financial design. With that, 50% of the platform’s buying and selling charges will instantly be allotted to buyback & burn to assist offset the rewards token emission and assist enhance the entire shortage of dKUMA.
Associated Article: Binance Sensible Chain Turns into Most Adopted Cryptocurrency on Twitter
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Written by Urian B.

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