From its beginning, cryptocurrency aimed to be the currency for everyone and this birthed the concept of decentralised finance (DeFi) where individuals have complete ownership of their money. This money is stored on personal devices without third-party overseers like banks monitoring or creating it and it’s the crypto communities that distribute and govern the currency.
However, not all cryptocurrencies embody the qualities expected from DeFi. If a cryptocurrency fails to cater to the community’s needs, it risks falling apart. This is why critics believe Dogecoin (DOGE) is struggling to reach its $1 price target—due to a lack of community incentives for building a self-sustaining economy driven by community involvement.
Cryptocurrencies like Avalanche, Toncoin and Meme Kombat are successfully achieving self-sustaining economies. They offer enticing Web 3.0 ecosystems and passive income opportunities. The question is, which cryptocurrency stands out as the most enjoyable and profitable among this group?
Toncoin: The Crypto for Staking, Gaming, Collectibles and More
Toncoin (TON) stands as the native cryptocurrency of the TON network, creating a dynamic ecosystem designed to meet diverse community needs. Acting as the fuel for network operations, transactions and various activities like gaming and collectables—Toncoin powers the TON blockchain.
A standout feature of Toncoin lies in its staking functionality, providing users with the opportunity to earn passive income by actively participating in network security.
Validators stake their Toncoin to uphold the blockchain, ensuring its stability and security. This system not only enhances the network’s robustness but also rewards community members for their contributions.
Beyond staking, Toncoin serves as a versatile asset. It acts as a processing fee for transactions and smart contracts and is used in payment services offered by applications built on the TON platform.
Moreover, Toncoin plays a crucial role in TON’s on-chain governance program, empowering community members to actively participate in decision-making processes.
Generate Passive Income in Avalanche’s Dynamic Ecosystem
Avalanche (AVAX) stands as a layer one blockchain positioned to compete with major players such as Ethereum, Cardano and Solana. With its architecture and impressive transaction output, Avalanche presents a compelling ecosystem where a community can earn passive income.
Utilising the DeFi exchange platform Trader Joe, which is built on the Avalanche network, users can stake their crypto assets and receive JOE tokens as rewards.
This avenue for passive income has attracted numerous community members eager to benefit from Avalanche’s staking payouts. In contrast to its counterparts, Avalanche boasts higher staking rewards, with AVAX averaging an 8.55% yearly payout compared to SOL’s 5.5%.
The integration of Trader Joe with Avalanche’s ecosystem grants community members easy access to decentralised finance. This access enables participation in various DeFi activities such as yield farming and liquidity provision.
Meme Kombat’s Unmatched Community Incentives in Crypto\
Meme Kombat (MK) is an Ethereum-based meme coin currently in its presale phase. MK aims to bring a blend of gaming, gambling, staking and decentralised finance (DeFi) into a singular platform that revolves around popular internet memes.
One of the standout features of MK is its approach to incorporating various meme types into its DeFi platform. Users can bet their native MK tokens on virtual battles between iconic meme characters like Doge, Pepe, Wojak and more.
Winners not only receive payouts in MK but can also take advantage of the staking feature, enabling token holders to earn yields as high as 147% APY.
Meme Kombat has witnessed remarkable demand during its presale, securing over $6.4 million out of its $10 million hard cap goal. The presale price, currently at $0.279, is subject to increase in subsequent stages until MK officially launches on Uniswap.
Reputable crypto analysts, including YouTubers Michael Wrubel and ClayBro, have recognised the project’s potential, with predictions ranging from it being the “next 100x gaming meme crypto” to potentially the “biggest meme gaming token of 2024.”
Meme Kombat stands out by providing staking APY on presale purchases, currently at an attractive 156%. This strategic move mitigates the risks associated with early pump-and-dump scenarios, offering a more stable and sustainable growth trajectory.
Beyond being a meme coin, Meme Kombat distinguishes itself by combining GameFi, GambleFi and AI utilities. The project’s core revolves around an AI-powered battle arena, where combats between various meme coin combinations take place.
Leveraging the social media feud between meme coin communities, MK channels this rivalry onto its platform, driving organic demand for its native token.
In contrast to the anonymity often seen in meme coin projects, Meme Kombat’s team, led by Matt Whitman and based in the Netherlands, is fully doxxed and prioritises transparency. The project has completed all necessary security measures, setting a new benchmark for accountability in the meme coin space.
As Meme Kombat approaches its official launch, the project is positioned to create a unique space within the crypto community, combining entertainment, utility and a strong sense of community involvement.
Embracing Community Empowerment in Crypto
The success stories of Avalanche, Toncoin and Meme Kombat explain how thriving communities contribute to the creation of self-sustaining economies within the crypto space.
Toncoin’s dynamic ecosystem, driven by staking, gaming and collectibles, highlights the importance of community engagement. By actively participating in network security, users not only contribute to the stability of the TON blockchain but also earn passive income, reinforcing the symbiotic relationship between the project and its community.
Avalanche’s ecosystem offers higher staking rewards and access to decentralised finance through Trader Joe. The platform provides a space for users to stake their assets and earn JOE tokens.
Meme Kombat takes community incentives to the next level by infusing entertainment and competition into its DeFi platform. The project’s innovative approach to meme battles, staking incentives and transparent team practices set a precedent for responsible and engaging community development in the meme coin space.
You can enter the Meme Kombat presale on the Ethereum chain using either ETH or USDT. Alternatively, on the Binance Smart Chain (BSC), participation is possible with USDT. It’s important to note that $MK is set to be launched on the Ethereum chain. Therefore, if you choose to enter the presale on BSC, remember that you will need to claim your tokens on the Ethereum chain.
