Shar Pei token is set to become the next big meme coin in the crypto world following its successful launch in the last quarter of 2022. Since then, the token has enjoyed a rapid rise of more than 20,000% and has achieved a market capitalization of $8 million and 5,000 holders.
A fast-rising ecosystem
One of the reasons attributed to the rapid rise of Shar Pei is the core concept behind the token. Shar Pei goes beyond the traditional meme coins driven by memes, culture or a community looking to get rich quickly.
The team behind Shar Pei has shown its desire to ensure the sustainability and viability of the project. Based on a breed of dogs with wrinkly skin, Shar Pei was launched fair and transparently with no pre-sale, private sale, or token allocations to developers.
The total token supply is 100,000,000,000, and 50% has already been locked in secure custody. Interestingly, the locked tokens are not allocated to the team to ensure that the token has sufficient liquidity to ensure its growth. Also, the lack of token allocation means that SHARPEI is free from whale manipulation leading to the constant development of the project.
Shar Pei holders also get access to an engaging community that has been supportive and ready to hold long term. This makes it an attractive prospect for investors, and experts have likened the token to the next big thing in the crypto world.
It has been compared with top meme coins like Dogecoin and Shiba Inu that are in the top 50 tokens based on marketcap.This comparison is valid as Shar Pei has already revealed plans towards releasing crypto products in the coming months. Shar Pei is entirely community-based. All proposals and improvements to the blockchain will be presented to the community for support and funding.
This includes the launch of an exclusive charity NFT collection that will be auctioned and have rare NFTs. This will be followed by the release of a Play-to-Earn metaverse where users will be able to earn SHARPEI tokens for playing exciting games. Shar Pei team has also revealed plans to list the token on several centralized and decentralized exchanges in the coming months.
You can find more information about Shar Pei on the following links.
