Akita is an ERC20 token built on top of the Ethereum network. The token has attracted the attention of the crypto community since its launch just three months ago due to its fast-paced development concerning the Polarfox community.

Built by the Akita Inu community, a 100% decentralized community experiment, Akita was inspired by the original meme coin, Dogecoin. The coin has found great success over the past few weeks, finding itself into multiple major exchanges such as HotBot, MXC, BKEX, and Poloniex among others.

AKITA Network has a robust network that supports its exceptional rate of growth and people buying and using Akita token. It must be noted that while Dogecoin took almost 6 years to make it to the top, Akita seems to be growing faster with many people looking at its low price and aggressive community mobilization that is supporting its growth.

The total market supply of Akita was set at 100,000,000,000,000. As a decentralized experiment, developers claim that while half (50%) of the tokens weresent to VitalikButerin, the remaining half was locked to a Uniswap pool, and the keys burned. Akita is similar to SHIBA INU in many ways, except for their different tokenmetrics.

AKITA Foundation

The group that founded Akita has avoided the founder title, hence the AKITA Network and its native token Akita have no founders and no team tokens. The purpose of the group is to allocate skills within the community to appropriate roles in ATIKA Network development and collaboratively agree on the decision for ATIKA’s future. The development of everything under AKITA Network is done via the AKITA Foundation, which provides the funds for all the development activities.

Why Meme Token?

Memes are a product of the internet, just like crypto, and have grown in leaps and bounds over the years to join the mainstream space. Today, memes are used to drive the adoption of cryptocurrencies, which have boosted the values of the said tokens. Akita has taken this format, just like its predecessor, Dogecoin, and its bullishness is attributed to the fact that it’s a ‘meme token’.

Dogecoin was originally founded in 2013 as a joke but later found favor with the community that rallied behind it and made it a true cryptocurrency fully built on the principle of decentralization. Dogecoin has found favor by being backed by Tesla and SpaceX’sElon Musk that has seen it realize bullish market price over the last year. However, it’s the strength of the community behind it that has seen it grow beyond imaginable levels to become among the top 5 cryptocurrencies. The same principle is seen with Akita, whose market value keeps rising since its launch three months ago.

Akita token was created to facilitate interaction between members of the AKITA Network. That is, it is to be used during interactions between users on a decentralized and anonymous social media platform. Akita holders can vote on the direction of the community as a whole.

The fast adoption, facilitated by the meme, saw it realize multiple days of trading volume of over $200,000,000, which resulted in trending status on CoinMarketCap and CEX.

The Power of Community in Democratizing Crypto Projects

What is exciting about the AKITA project is that it’s still very new and the foundation of its new enthusiastic community is taking shape.

AKITA project team realized something interesting- the power of community in driving the marketing of the project. Akita has a dog as its logo- inspired by the Japanese bear hunting dog. Well, it’s a fitting name for it could imply that they are fighting the future bear markets with the power of community.

With over 15,000 new investors joining Akita Network, the platform has truly become a democratized project. Another 22,000 followers have also joined the project’s Telegram aiming to begin shaping the project to make it something special. It’s hoped that the community, both on the platform and telegram, will bring fresh ideas on how to move forward. Some of the fresh ideas already proposed and implemented by the community are token burns, staking to allow passive income on holder’s idle currency, and the development of its own decentralized social media network similar to Twitter. On the latter, the community suggests that instead of users liking the tweets as applied in Twitter, the Akita social media users will be able to tip Akita to show support, powered by Polarfox.

When looking at Akita against its older brother, Dogecoin, the one common thing is the robust community they have developed. The basic foundation of Akita is all about engagement within the community, and there is absolutely no reason why the momentum is likely to go down. Moreover, most have joined the Akita community because of its democratic approach to development and low price factor.

We may not know how the Akita project will end up with its fast-growing community or even whether the people joining understand the long game of crypto project investment. Only time will tell how the project will evolve, but as of now, Akita’s growth appears unstoppable. Could Akita attract the Dogecoin community? No one knows.

WSUM Network

The community mindset of the AKITA Network has inspired other projects that are coming up fast and furious into the crypto space. WSUM Network is one such project that is wrapping and staking the global community for its new blockchain projects. The WSUM project is something to keep an eye on, as they are bidding their eyes on the long-term game of cryptocurrency with their proposed four tokens similar to Akita. The WSUM project promises portability, composability, transparency, and provability. WSUM network has robust architecture, and the community is ready to bring headlines with its unique tokens.

WSUM team aims to build the tokens around the WSUM community and use the power of the community to drive marketing and adoption. Interested to know about WSUM Project? You can check their whitepaper and evaluate its growth strategy, team, technology, and roadmap.

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