Lionel Messi advertises Solana Memecoin.
Legendary international soccer player Lionel Messi has joined the meme trend and is using his Instagram Stories to advertise WaterCoin (WATER), a memecoin based in Solana.
The description for WaterCoin indicates that the project’s primary objective is to increase public awareness of water-related concerns, with the eventual goal of developing into a fully fledged ecological coin.
The four phases of WaterCoin’s roadmap are as follows: the token’s first presale; centralised exchange listings; celebrity partnerships; and the last stage of turning into a “environmental currency with a charitable focus.”
The roadmap provides very little information about how the project will accomplish these objectives beyond this high-level summary, and the price movement of the token has demonstrated a pattern typical of “pump and dump” techniques.
Memecoin fever persists.
Purchasing memecoins entails a significant amount of risk since, presuming the meme token has any use case or utility at all, its rapid price gains are frequently unrelated to the underlying asset’s utility.
Despite this, traders continue to take large risks in the hopes of making windfall returns. The renown of because of the unfavourable perception that memecoins produce and the subsequent scrutiny from authorities, the tokens have caused controversy within the cryptocurrency community, with some criticising them as detrimental for the industry.
Furthermore, Khamzat Chimaev ‘wasn’t connected’ with the manager of SMASH memecoin
Some contend that memecoins are useful, can measure mood in the market, serve as benchmarks for larger trends, and create thriving communities that benefit their members.
Chain-level ecology
Blockchain technology and cryptocurrencies provide innovative remedies for
environmental conservation because of their openness and technology that strengthen communities. Onchain verifiability, organisation, and trustless crowdsourcing may all be made possible by these properties.
Samsung joined the group of businesses that use Veritree’s technology to track planted trees in 2022 by implementing blockchain technologies. The initiative’s main goal was to refill Madagascar’s forests in order to absorb one billion pounds of carbon during the following 25 years.
In addition, there is an increasing focus on sustainable mining methods and using renewable energy sources like solar, geothermal, and even nuclear energy to mine digital scarcity as a result of the environmental scrutiny that Bitcoin (BTC) has attracted.
One of the best instances of this is El Salvador, which just declared that it used geothermal volcanic energy to mine 474 Bitcoin.
#water
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source : Cointelegraph