Monat: Juni 2024

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Is Solciety the next big thing in political meme tokens?

  • Political meme coins like MAGA and STRUMP have done well.

  • Solciety hopes to be the next big thing in the political meme coin industry.

Meme coins have dominated headlines in the past few months as some of them have grown to become giants in the crypto industry. For example, tokens like Book of Meme (BOME), Dogwifhat (WIF), and Brett have attained over $1 billion in market caps.

Political and celeb-themed meme coins have done well, with the likes of MAGA, Super Trump, MAGA VP, and Baby Trump becoming highly popular among traders. It is against this backdrop that the Soforiety token will be launched on Tuesday.

What is Solciety?

Solciety is a new Solana meme coin that aims to become the next big thing in the crypto industry. 

Its goal is to create a political party of the Degen era. Holders will be part of a new community where users will be able to create their own meme coins through the Meme Campaigner tool. This tool will have have over 200 traits and backgrounds for then to use. 

Solciety hopes to use this model to solve a common challenge that exists in the meme coin industry where they tend to be short-lived. Its longevity will be helped by the fact that the community will be constantly creating content and satirizing events. 

Meme Campaigner will also have other tools. For example, it will help users connect with social media platforms like X. These users will earn a point for every meme that will be shared. The developers also aim to launch an AR platform where users will be able to view their creations layered over the real world.

Therefore, Solciety will be a more advanced meme coin than all political tokens that exists today. For one, unlike MAGA and Jeo Boden, it will not be divine among party lines.

Solciety launch ahead

The next big thing in the Solciety ecosystem will start its 30-day presale on Tuesday. Interested buyers will have a choice to buy the token through various cryptocurrencies like Solana, Ethereum, Binance Coin, cards, and stablecoins like Tether and USD Coin. 

The token’s price will start at $0.000963 and will rise continually during the ten stages of thesale. This means that initial buyers will benefit by buying it cheaper. 

To be clear: it is not guaranteed that the SLCTY token will do well like other popular meme coins like MAGA and Book of Meme. However, recent articles have shown how people have made a fortune by betting on simple cryptocurrencies.

For example, Coindesk reported of a trader who turned $1k into $100k by buying Dogwifhat. Another trader made over $23 million buying a Solana meme coin, according to CoinTelegraph. 

Still, there is also a risk that the token will blow up, which calls for efficient risk management strategies. For example, you should not buy Solciety with funds that you cannot afford to lose. You should also spread your bets across multiple assets. Learn more about Solciety here.

The post Is Solciety the next big thing in political meme tokens? appeared first on CoinJournal.

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Chinese Telecom giant Coolpad to buy Bitcoin mining rigs worth $13.5 million

  • Coolpad Group plans to acquire 2,700 BTC mining rigs for $13.5 million.
  • The company will deploy these rigs in North America.

Coolpad, a Shenzhen-based telecom provider listed on the Hong Kong Stock Exchange, is looking to invest $13.5 million in a major Bitcoin mining operation.

As part of a foray into crypto, Coolpad has specifically allocated over HK$106 million (approximately $13.5 million) to this initiative.

The Chinese company plans to spend the investmen on 2,700 BTC mining rigs, with the acquired machines then deployed in North America.

Coolpad eyes Web3 industry

According to details the publicly-traded company recently divulged via a regulatory filing, it will acquire the new Bitcoin mining rigs from JingYun Intelligent Technology, a firm based in Hong Kong. However, Coolpad did not disclose the rig maker from whom JingYun secures the machines.

The investment will increase Coolpad’s current computing power from 873,000 TH/s to about 1,504,800 TH/s, it said.

Apart from deploying BTC mining rigs, Coolpad eyes ttraction in the crypto and Web3 space via a multi-million share purchase plan. The company is targeting shares of crypto related firms in the US, including BTC miner CleanSpark.

Recently, former US president Donald Trump met with top Bitcoin mining companies with operations in the US. He pledged to support the industry, noting that “all BTC mining should be in the US.”

The post Chinese Telecom giant Coolpad to buy Bitcoin mining rigs worth $13.5 million appeared first on CoinJournal.

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SOLJU’s beverage-themed meme coin launches on Solana. Will it rally like Beercoin?

Key takeaways 

  • Solju is introducing beverages to the meme coin ecosystem by blending South Korea’s popular Soju alcoholic beverage drink with Solana’s innovation.
  • The presale is slated to commence in 24 hours, with a 100 million token supply.

Meme coins have been among the leading cryptocurrencies’ best performers over the last 12 months. Coins like Pepe, Dogiwfhat, and Bonk are now amongst the top 100 cryptocurrencies by market cap thanks to their recent rallies.

With investors taking favorably to meme coins, new ones are emerging in the market. Solju is a meme coin that is approaching the market differently and could be appealing to investors. 

What is Solju?

SolJu is a new token that is created from a blend of South Korea’s pop culture and the Solana blockchain. Soju is a clear and colorless Korean distilled alcoholic beverage, traditionally made from rice and consumed neat.

The blend of Soju and Solana is an interesting one. Solana is the world’s most accessible and commercially scalable blockchain while Soju is the most popular spirit ranked via volume sold. 

In addition to its rich history, SolJu is an interesting project because it is diverting from the popular meme culture. The crypto space is home to thousands of meme coins. However, most of the meme coins are animal-based. 

We have the Shiba Inu, Dogwifhat, and Dogecoin that are dog-themed, PEPE is frog-themed, and many cat-themed meme coins. 

SolJu is diverting to inanimate meme coins, with its beverage-themed cryptocurrency. According to the development team, token holders gather on the Solana blockchain, forming a makeshift Pojangmacha where good food and better company are alight.

The team is leveraging South Korea’s position as the third-largest cryptocurrency market in the world. Its token will provide economic incentives and culture to investors and users. Soju brings cultural depth, and Solana bridges the future with the past. Fusion is the crux of moving forward. 

Should investors invest in this beverage-themed meme coin?

SolJu could be an interesting project for investors and users thanks to its unique approach to the market. Unlike the other animal and political-themed meme coins in the market, SolJu is coming as a beverage-themed meme coin.

The project is also leveraging South Korea’s position as the third-largest cryptocurrency market in the world to cement its place as a meme coin with massive potential. 

By launching on the Solana blockchain, SolJu is set to enjoy the network’s benefits, including fast and cheap transactions. Beercoin (BEER) is another beverage-themed meme coin on the Solana blockchain that has attracted investors and SolJu could follow the same path. 

Solju’s presale commences tomorrow, 100% fair launch

SolJu’s presale commences in 24 hours and could be a huge opportunity for investors to purchase the tokens at a discount. According to the development team, SolJu will carry out a 100% fair launch for its presale.

A 100% fair launch implies that the token will go live with a distribution mechanism that’s community-focused. The fair launch mechanism has proven to be the most successful method for launching new tokens, thanks to its ability to guarantee distributed ownership.

With SolJu’s presale, no tokens would be set aside for the team or insider wallets. The project has a total supply of 100 million tokens. SolJu will have an initial liquidity of $12,000, with SOLJU priced at $0.00012.

Per their roadmap, SolJu is currently in the Fermentation phase, which includes the fair launch, marketing push, and CoinMarketCap and Coingecko listings. The next phase is Distillation, where the team focuses on listing SOLJU on centralised exchanges and organising a community meme competition.

The post SOLJU’s beverage-themed meme coin launches on Solana. Will it rally like Beercoin? appeared first on CoinJournal.