In the past, meme coins have made headlines worldwide, spiking the interest of the likes of Elon Musk, Kevin Jonas, and Mark Cuban.
However, despite their popularity, meme coins have not been able to leave a lasting impact on the cryptocurrency market and have remained stagnant for too long and are currently following a similar path.
Let us take the example of the current top meme coin globally, Dogecoin (DOGE). Its price remained constant without much increment or decrement till 2021, with the rise in popularity of meme coins worldwide.
In 2022, DOGE’s value has fallen and remains at an average value.
Besides meme coins, utility coins perform well in the crypto market and stay popular for years due to their real-life application and use cases in the decentralised world, just like TRON (TRX), which remains in the top 50 cryptocurrencies while having a price lower than Dogecoin (DOGE).
It is because the team behind it is working on new and novel projects and launching their stable coin with the name USDD.
Another popular coin with such a low price is Cronos (CRO). It serves as the native and utility token of the popular exchange Crypto.com. Every exchange has its governance token that always performs well in rankings due to its strong utility.
Then comes a meme token that is more than just a meme. The name is RoboApe (RBA). Let’s dive deeper into it to see how it can compete with these market rulers being just a meme token.
Why RoboApe (RBA) Is Redefining The Meme Token Culture
The RoboApe (RBA) token is a meme token poised to revolutionize the crypto space.
An ERC20 token on the Ethereum network will cost a meager transaction fee on its platform, having plans to hand a portion of the collected transaction fee back to wallet holders.
RoboApe token is a deflationary meme coin since they would permanently take another portion of this transaction fee out of circulation by burning the token.
RoboApe (RBA) is a sustainable project that remodels current crypto mechanisms by excluding team incentives or monetization mechanisms, preventing the team members from dominating RoboApe’s governance.
The token would work with a team of developers and substantial contributors that would work for the sole purpose of building and advancing the platform free of cost.
The exclusion of the developer wallet encourages the RBA community to collaborate to accomplish common goals.
RBA’s brand is also focused on Decentralised Finance (DeFi) technology, charity endeavours, and, above all, its enriching community that contributes to individual and mutual success.
RoboApe’s DeFi and DAO can accomplish previously unattainable objectives through its completely community-driven ecosystem for entertainment providing vast opportunities for generating finances. RoboApe will encourage the joint economic growth of the platform and its contributors.
Features Of RoboApe (RBA) That Make It Unique
The token will have many exciting features making it more than just a meme in the crypto market. Here are the two major ones that make it a utility-based meme token:
RoboApe will function as a community-driven DAO (Decentralised Autonomous Organization), providing development initiatives, resources, and decision-making directly to the RoboApe community.
It will be completely community-powered, with all members sharing equality of rights and freedom, enabled by voting structures in place to determine whether or not a proposal should be approved based on the long and short-term welfare, advancements, alteration, and, most importantly, the growth it would bring to RoboApe and its community.
The platform will provide countless financial opportunities with the $RBA token. The ecosystem will be community-driven, providing many options to interact, manage, and generate finances in a decentralized fashion. $RBA is a deflationary meme coin.
A small fee will be charged for every transaction on the platform, half of which will be burned, and the other half will be returned to wallet holders. With a reduction in the $RBA token supply with every transaction, RoboApe’s deflationary mechanism ensures the token’s long-term viability and increase in value.
With many excellent services planned for the RoboApe ecosystem, such as RoboApe Finance, RoboApe eSports, RoboApe NFT Marketplace, RoboApe Swap, and others, RoboApe (RBA) recognizes that the accomplishment of such a wide array of products and services will not be a simple task. These efforts to lay a strong foundation will make it last longer while competing with the market rulers like TRON (TRX) and Cronos (CRO) on the price chart.
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