The Next Dogecoin or Shiba Inu? New Meme Coin Meme Kombat Raises $230,000 During Crypto ICO

cryptonews.com:

Crypto’s next Dogecoin or Shiba Inu could be meme coin battling platform Meme Kombat, after it raised $230,000 to kick off its ICO.

Already a quarter of the way to its initial $1 million raise target, Meme Kombat targets three of the most lucrative sectors in crypto: gaming, meme coins and gambling. 

It is building a gaming ecosystem where popular meme characters come together to battle it out, and users wager on the outcomes.

Meme Kombat’s product offering stands in stark contrast to meme coins like Dogecoin, which has no redeeming utility features. Shiba Inu fairs better in that regard, but even in its case, the pivot to gaming has been a slow and tortuous affair.

As a battling platform for meme characters, Meme Kombat appeals right across the meme spectrum, whichever community, or none, that someone might be invested in.

The platform is built on a fully decentralized Web3 architecture, which means trust and transparency are robustly integrated at the base layer. 

Unlike utility-lite Dogecoin, with Meme Kombat you can stake-to-earn to lock-in a passive income stream. 

Stakers currently earn an enticing annual percentage yield (APY) of 112% (see more on staking below). In finance, of which crypto is a subset, generally speaking, the higher the yield the higher the risk. 

But with Meme Kombat the risk remains low because the yield is paid out of the tokens allocated to community rewards.

A staking dashboard to show the real-time tally of staked coins in the pool is coming soon. In the meantime, presale buyers can choose to stake their coins immediately and start earning.

Meme Kombat token ($MK) can be bought today for $1.667. 

Also, interested parties can stay up to date with Meme Kombat on X (formerly Twitter) and Telegram.

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