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Micin Coin Is
Shitcoins are a popular term used to describe cryptocurrencies with no value or purpose, such as meme tokens and scams. And since there are cryptocurrencies with almost every ridiculous name imaginable these days, of course there is one literally called Shitcoin (CRYPTO:STC).
Where does Shitcoin come from?
Jacob Martin, then an unemployed 26-year-old, started working on Shitcoin in July 2021. He got the idea as an investor who had experienced several cryptocurrency pump-and-dump scams and lost money on them. Shitcoin was released on December 20, 2021, with a presale on PinkSale (CRYPTO:PINKSALE), a crypto launchpad protocol. The presale sold out, and Shitcoin launched shortly after on PancakeSwap (CRYPTO:CAKE), a decentralized crypto exchange.How Micin Coins Work Is
Shitcoin or micin coin is a crypto token built on the BNB Chain, a smart contract blockchain created by the Binance exchange. Like Bitcoin (CRYPTO:BTC), it has a maximum supply of 21 million tokens. Each wallet can hold a maximum of 882,000 STC, which is 4.20% of the total Shitcoin supply. There is no fee to transfer Shitcoin, but there is a fee to buy and sell it. Here are the fees and how to use them:
1% for development is sent to the wallet of Shitcoin founder Jacob Martin, who goes by Shit-toshi online. The nickname refers to the pseudonym chosen by Bitcoin's anonymous creator, Satoshi Nakamoto.
Liquidity funds are automatically sent to the Shitcoin liquidity pool on PancakeSwap, which contains Shitcoin and BNB (CRYPTO:BNB). Adding liquidity to the market helps ensure that people will be able to trade for Shitcoin. The final part of the fee is the Baby Shitcoin reward. The reward is sent to everyone who holds BBYSTC tokens in their wallet.
How to know shitcoin
- The developer is mysterious. The people behind a project should be trustworthy, not a bunch of random strangers using fake names. You wouldn’t invest in stocks from an anonymous group, would you? The same goes here. If the developer has identified themselves through a video on Instagram or Youtube, for example, they are considered doxxed and much more trustworthy. With their appearance known to the public, it is less likely to be a scam.
- This project has big promises, but no defined functionality. Anyone can make impressive-sounding goals and promises. However, not just anyone can provide a roadmap for how those goals will be achieved. If a project avoids defining functionality, it is not credible.
- Project aspects seem copied or generic. If the project website looks generic or uses a free domain, that should be a red flag. This indicates that it lacks the authenticity of a well-developed project. Also, if the whitepaper is indistinguishable from other popular projects, it is likely a copycat created to trick people into thinking it is safe. Alternatively, if it is technically written in jargon that is hard to understand, it is likely a shitcoin.
- Check the number of holders. Experts say any new coin worth investing in should have a minimum of 200 to 300 holders. Any coin that doesn’t meet that minimum is unhealthy and not worth investing in. Similarly, a healthy new coin should have five to 10 transactions per minute.
- Consider the liquidity pool. Liquidity pools are considered the backbone of most decentralized exchanges. If the project you’re investing in doesn’t have at least $30,000, it’s probably a shitcoin. Lower numbers — like the hundreds or thousands — should be a warning sign.
How to Buy Micin Coins
Before you go ahead and buy a cryptocurrency that is relatively unknown or hated by the community, do some in-depth research to better understand its short-term and long-term potential. Then, once you feel confident that a particular coin can go up in price, start by investing a small amount of money. Watch the market for a while and determine if your initial speculation was correct. If not, you will be forced to make a tough choice: Either you sell your coins and take a small loss, or you hold on to them and wait for their potential price increase. If the price starts to rise, it is best to take profits or at least you cash out the initial amount and continue riding the uptrend. Conversely, and if you are fully aware of the risks, you can also invest a larger amount when clear signals indicate a buying opportunity. Finally, as mentioned above, always remember to keep your emotions in check. Small-cap coins are often seen as opportunities because of their low prices. As such, many people create unrealistic expectations and end up losing more than they invested. And that’s it! We hope you found what you were looking for and look forward to your comments. If you have something to add, let us know so we can update the post regularly as needed.Micin Coins Expected to Explode in 2023
Here are the MSG coins that will explode in 2023Dash 2 Trade (D2T)
This is one of the prospective coins that will show great potential in 2023. It is currently in its pre-sale season and has already garnered over 80% sales, generating over 4 million dollars. This is a remarkable achievement in the crypto space, making Industry specialists speculate that it will soon be listed on major exchange platforms. Dash 2 trading is built on the ERC-20 standard, the Ethereum blockchain standard. This is the largest and most secure standard, giving you more assurance on your coins. It also ensures that tokens are exchanged effectively without any interference. Token holders can access the Dash 2 Trade platform, where reliable information is shared based on their membership status. While the free membership provides basic on-chain data, the advanced membership allows access to crypto analytics, insights, and metrics. The D2T token was co-created by Learn2Trade professionals who are passionate about making the entire market research available to traders, so that they can adopt it into their successful strategies. This makes D2T one of the best investments this season and will stand out in the future.IMPT.io (IMPT)
IMPT is another cryptocurrency with great potential to become one of the biggest things. It is credited as one of the leading eco-friendly or green coins that blends technology with sustainability. The creators and developers ensure that users reduce carbon emissions by giving them carbon credits that they earn from selected brands by shopping with them. These brands are over 10,000 and are eco-friendly, supporting green causes. The credits that users earn are then accumulated from the IMPT marketplace. Users can also decide to use it to mint NFTs of their choice. Apart from reducing greenhouse gas emissions, IMPT is also one of the green coins with the potential to increase up to 50x. The coin is currently in its presale stage, and investors who want to participate can connect their Trust or Metamask wallets. The process is transparent, with no hidden fees, as investors are aware of the gas costs beforehand.Calvaria (RIA)
Gas coin has caught the attention of crypto investors because it offers promising prospects. Thanks to the Play-to-earn feature, it is gradually breaking the barrier between crypto technology and non-crypto individuals. This feature allows gamers to earn cryptocurrency even without a wallet. The more players play, the more they can earn. In addition, players can buy in-game assets, crypto tokens, NFTs, etc., in the game, but it does not force them to do so. This makes it more acceptable to gamers. Anyone can access their coins anywhere if they have a working mobile device. RIA is currently in pre-sale, so you can take advantage of it to buy and hold.Tamadoge (TAMA)
The next coin is Tamadoge, one of the most anticipated crypto projects in 2022 before its release. It is a meme coin, like Dogecoin, but has other unique features that make it even more promising. First, Tamadoge has a metaverse called Tamaverse, which will host several projects, allowing investors to expand their portfolio. Additionally, this metaverse has a play-to-earn feature, allowing gamers to play and earn crypto tokens. Tamaverse allows users to create virtual pets, train them, and compete with other pets. Their wins and activities can earn them Dogecoin, which can be exchanged for Tamadogecoin. Its NFT project is listed on Opensea and is rated as one of the top five NFT projects. With more NFTs and the inclusion of Augmented Reality in 2023, Tamadoge is expected to win the hearts of many. It is currently listed on OKEx and Lbank, where investors can buy and exchange other coins for it.Decentraland (MANA)
Decentraland adalah proyek cryptocurrency perspektif lain yang berpusat pada metaverse. Inisiatif game ini memberi pengguna beberapa cara untuk mendapatkan token. Pemain dapat membeli plot virtual di Decentraland dengan imbalan token asli atau lokal metaverse. Platform ini juga menyertakan toko NFT tempat pengguna dapat membeli aset dalam game dan NFT. Ini juga memiliki fitur play-to-earn, yang memungkinkan gamer menghasilkan secara pasif. Decentraland adalah salah satu proyek metaverse utama, menjadikannya investasi yang menguntungkan pada tahun 2022, dan diperkirakan akan meledak pada tahun 2023.Shiba Inu (SHIB)
This is also a meme coin, just like Dogecoin. It was launched in 2020, and since then its popularity has been undeniable. Its creators are working tirelessly to include more features to have real-world applications, which can help boost its popularity even further. One of the latest projects, Shiberse, will lead their advancement into the metaverse world. From the latest information, it is noted that Shiberse will have up to 100,600 land plots that can be purchased by land users. Shiberse will have districts such as Breeds, Currency, Growth, and Technology, where users can develop and manage their projects. You can also invest in Shiba Inu before its popularity skyrockets again.Apecoin (APE)
Apecoin is a platform that consists of 10,000 unique collectible Ape non-fungible tokens (NFTs). The marketplace features some of the top NFTs for sale; all built on the Ethereum blockchain. The folks behind Bored Ape Yacht Club debuted in 2022. ApeCoin is an ERC-20 cryptocurrency with governance and utility features based on the Ethereum platform. It was created as a Metaverse cryptocurrency coin. It can also be used to make online purchases with Shopping.io. It gives users access to products from eBay, HomeDepot, Amazon, Walmart, and other retailers. Coinbase, a cryptocurrency exchange, handles payments. The best part is that Apecoin users enjoy a 2% discount when using the token to make online purchases.You can find GICT at INDODAX
Indodax is a platform (marketplace) for buying and selling crypto assets in Indonesia. This platform brings together sellers and buyers of digital assets or crypto coins. Having digital assets today is not impossible, starting now! You can start downloading the GICTrade Mobile Apps on the Google Play Store and also the Apple App Store. You can also register directly to start trading.
