Meme coin culture is quite an intriguing phenomenon when it comes to the world of finance. Combining the humor and youth culture of memes with the technological and fiscal aspects of crypto, meme coins have created a realm unto themselves. The pioneer of meme coins, Dogecoin (DOGE), started off as no more than a joke or parody. However, the unexpected interest from investors and celebrities like Elon Musk transformed it into a legit investment. Meme coin culture has only grown more popular since then, with countless projects arising every day.
How Dogecoin Established Charity In Meme Coin Culture
2013 was the golden age of social media, just a few years after the creation of Facebook and Twitter. Even though memes had existed earlier than that, they were limited to relatively niche parts of the Internet. They made the jump to the mainstream with the rise of social media, solidifying themselves in internet culture. With the success of Bitcoin, Litecoin, and Ripple, cryptocurrencies were also becoming a household name at the time. Therefore, it was only a matter of time before the two crossed paths.
First came Dogecoin (DOGE), a parody of Bitcoin and the Doge meme which was immensely popular at the time. DOGE was launched in December 2013 and formed a community around itself. Just weeks later, this community came together to raise funds to send the Jamaican bobsled team to the Winter Olympics. Thus, community and philanthropy were laid down as the cornerstones of meme coin culture.
As a result, charitable efforts are still carried out by meme coins to this day, with the Baby DogeCoin community setting a record for the biggest donation of pet food in a single day.
Similarly, Big Eyes Coin (BIG) has dedicated 5% of its tokens to a charity wallet; the contents of which go to charities dedicated to the ocean and marine life. After raising over $27 million, this 5% mounts to a significant sum which will be used to help the aquatic life. Another action that garnered our attention was Floki Inu’s donation to Binance Charity’s fund following the earthquake in Turkey and Syria. All in all, FLOKI contributed approximately $71K in ETH to the earthquake relief efforts in Turkey.
How Floki Inu Breaks The Mold By Adding Utility
Dogecoin is partially responsible for the image of meme coins being nothing more than pictures that cost money. However, as we all know, they can be so much more than that. Floki Inu’s completely autonomous protocol supports a comprehensive ecosystem with FlokiFi, FlokiPlaces, Floki Inuversity, and Valhalla. These features allow users to communicate with each other, trade NFTs, and access the metaverse, with the FLOKI token at the center of it.
Similarly, Big Eyes Coin (BIG) and Big Eyes Infinity (BIGINF) will be the central tokens of the Big Eyes Ecosystem starting with the 819 Casino. This casino is a crypto gambling and gaming platform hosting over 4000 games, many of which are Play-to-Earn games.
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Meme coin culture is about more than charity and sharing memes though, it’s also about making successful investments. Meme coin communities are central to the success of meme coin projects and investors. Due to them being highly dependent on market sentiment, meme coins are naturally turbulent and unpredictable. That is also why it is important to know what other investors are feeling and planning before making big moves.
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