One of the newest upcoming memecoins that is still in its presale stage is beginning to attract attention among traders, major attention within the space, so far raising more than $385,000 in round three of its public crypto presale.
This AI-focused memecoin known as Scotty the AI (SCOTTY), or just Scotty AI for short, is being tipped as a top alternative to big cap meme tokens like Dogecoin (DOGE) - for which the price action has been sluggish so far in 2024.
$SCOTTY Crypto Presale - Meme-Lore Tied With AI Elements
One might wonder what exactly helped the Scotty memecoin gain this level of traction despite its recent introduction. The answer to this is simple - it has all the elements that an investor looks for in a crypto project, given the current market conditions.
The project has a meme-like feel to it, which paves the way for speculating on the project to potentially be a top gainer since memecoins have been enjoying good returns alongside Bitcoin’s bull run.
The second is AI integration. While there has been an influx of crypto projects that dip their toes in AI, a project that has a memeified theme that can appeal to the retail investor is rare.
That brings us to the next element, which is the lore. Along with its meme theme, the project has also created lore, which follows a story of the Scotty AI dog, apparently a Scottish Terrier with jet black fur exuding an aura of intelligence and intrigue.
The fourth reason why the project is likely to record immense success in the upcoming days is its utility elements, which can be divided into four parts:
Swapping
Scotty Swap is an in-house hub for seamless and lightning-fast token exchanges within the project itself. Powered by cutting-edge AI technology, the developers ensure that every trade is not only secure but also optimized for maximum gains.
The interface of the swap is simple and easy to figure out, and it also features a limit option, making swapping at one’s desired price range a possibility as well.
Staking
Every investor is likely to look for avenues within projects to earn income. Well, the best form of passive income is often staking, as long as there is a good APY available. At the time of writing, the project boasts 330%+ estimated rewards, although this number may go down as more crypto presale participants stake their tokens.
ScottyChat
This is probably the most important utility of the project yet, where an AI-powered crypto companion can be relied on to discuss cryptocurrencies, get market insights, and explore the world of digital assets in a more easy and user-friendly manner.
The chat interface is also immersive, much like ChatGPT or other similar AI chatbots. It will allegedly be able to report and help users with real-time market data and similar functions, making trading and investment more seamless for users.
Security and Fraud Detection
Apart from being audited and verified itself, the platform also claims to be a great tool for differentiating good projects from the bad ones. It can apparently help users find out which project has elements of safety and potential, and which ones may be worth avoiding due to red flags.
Tokenomics and Further Plans
Out of its total token supply of 1,734,567,890, 30% is set aside for the ongoing $SCOTTY crypto presale, while 70% has been set aside for staking, development, exchange listings, and marketing.
As of now, there are no other major announcements from the project in terms of utility or other major developments. However, it is likely that the developers may be looking to add more interactive elements to the project, as stated by the developers on the project’s social media.
At the time of writing, the native token SCOTTY is priced at $0.0052, available to be purchased with ETH, USDT or a bank card at scottytheai.com - where the presale is already closing in on the target of its third public round of $398,999.
Given the magnitude at which the project has been marketing its features and potential for growth on social media, it may not be surprising to see the token finish its presale quickly and move on to exchange listings in the upcoming months.
This may ultimately lead to the SCOTTY token becoming another top gainer in the memecoin space shortly, making it a great alternative to Dogecoin to consider right now.
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