2020 was an era of meme coins, where multiple projects launched in the market and proved to be a valuable addition to the crypto world. Platforms like Shiba Inu (SHIB) surfaced and brought a revolution in the cryptocurrency niche.
Similarly, developers are designing a new meme coin project, Pugglit Inu (PUGT), to revolutionize all the tokens and introduce better forms in this industry.
Pugglit Inu (PUGT) promises to be a next-level solution to many crypto-related problems like lack of accessibility, rigid ecosystems, high transaction costs, and lack of security.
This is the first step taken by the developing team of Pugglit Inu Network to provide a safer and barrier-free infrastructure for crypto transactions.
Let’s dive deep into the nitty-gritty of the upcoming project to know more about its features. Simultaneously, compare it with existing crypto giants, Binance Coin (BNB) and Polkadot (DOT), to analyze its potential in the market.
All about Binance Coin
Binance Coin (BNB) is one of the few cryptocurrencies that don’t need introduction in the market; almost every other person is aware of this crypto giant.
It is a decentralized platform that operates as a crypto token and blockchain network that hosts multiple crypto projects in the industry. However, it has recently faced repercussions for illegally functioning in the Netherlands.
But this should not overlook the features of the Binance Coin ecosystem. The token has contributed to the overall development of the cryptocurrency market and plays a significant role in assisting countries like Cambodia in advancing digital asset regulations.
What is Polkadot?
Polkadot (DOT) is another decentralized platform that uses Web 3.0 to provide economic and transactional stability to digital assets, especially cryptocurrencies.
The developing team has incorporated the Proof of Stake mechanism (PoS) within the ecosystem through which $DOT token holders can participate in validating the transactions.
Here, the users have to lock a certain number of tokens with the network to earn the right to verify the network processes. In return, the users receive incentives in the form of additional DOT tokens.
Pugglit Inu (PUGT): Revolution of Meme coins
Pugglit Inu (PUGT) is an initiative that originated to address all the problems users face while transacting with cryptocurrencies. It aims to incorporate community-friendliness in the crypto world, where the entire network is governed by the users associated with the network. This addition will help build a transparent relationship with the ecosystem, and people will trust the network while buying/selling their tokens.
Features of Pugglit Inu (PUGT)
To add value to the project, the team plans to incorporate the following features:
- DAO governance protocol to empower users and give them voting rights
- Pugglit token bridge to process transactions at high speeds and with fewer costs
- Pugglit Wallet to keep a check on tokens sold, bought, earned, and exchanged
- Token incentives to motivate users to engage and use their coins to stake or contribute to liquidity pools
- Pugglit n U directs all user queries to the product development team.
Pugglit Inu (PUGT) is a governance and utility token of the Pugglit Inu network. It will act as a native cryptocurrency for primary transactions, like paying transaction fees and cross-chain exchange of coins, disbursing incentives to users, etc.
Furthermore, the network uses a decentralized network to promote transparency and security within the ecosystem. Like famous meme coin projects, Shiba Inu (SHIB) and Dogecoin (DOGE), this upcoming project aims to reach the top of the market. For this, the developing team has a steady road map, which might be the gateway to success for the Pugglit Inu Network.
The Pugglit Inu (PUGT) provides bonus opportunities for users. For example, if you use USDT TRC-20 tokens to purchase PUGT, you will receive 24% extra crypto coins. Also, if you buy them during the first stage of the presale, you can earn an opportunity to get 10% additional PUGT tokens.
This news is republished from another source. You can check the original article here.