Tora Inu Coin Is Attracting Investors, Here the Reasons

2022/11/29By: L, Laura

The introduction of Tora Inu coin to the crypto market comes at a time when memes, especially sharp-centric cryptocurrencies like Dogecoin, Shiba Inu and Floki Inu, are taking the lion’s share of media attention.

 

But make no mistake, the new digital currency is not just here to jump on the bandwagon (like SHIB) or to play on a joke to provide people a way to make money (like DOGE) or just to ride the renown that this specific industrial area has garnered over the last few years (like FLOKI).

 

Tora Inu is here to teach traders and investors that just because a cryptocurrency is named after a well-known Japanese dog breed does not imply that it has to be considered as a joke, nor does it have to act in a comedic manner.

 

How is Tora Inu created?

Software programmers Billy Markus and Jackson Palmer came up with the idea for Dogecoin in 2013 to poke fun at cryptocurrencies, which at the time were the focus of a great deal of speculation.

 

On the other hand, Shiba Inu was first categorized as a satirical cryptocurrency since it was based on the Doge meme. Shiba Inu is known across the industry as a spin-off of Dogecoin. Meanwhile, the Floki Inu breed was developed not long after Elon Musk, the self-proclaimed “Dogefather,” revealed that he would be naming his Shiba dog Floki.

 

When it comes to its roots, it was always the intention of these three digital assets, even from the time they first appeared on the scene, to bring the lighthearted quality of memes into the dark and risky realm of cryptocurrencies.

 

But Tora Inu coin is not like other dog-themed cryptocurrencies since it does not want just to be an addition to the ever-increasing number of canine-inspired digital assets. Instead, Tora Inu is an entirely new breed of dog-themed cryptocurrency.

 

It intends to redefine the landscape of the meme crypto area by offering features and methods that are absent among the three big competitors, preventing them from commanding larger levels of attention and respect within the community of digital currency users.

 

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What makes Tora Inu coin different?

Even though Tora Inu is still in the early stages of its beta selling phase, one of this cryptocurrency’s most significant selling features is the wholesome and welcoming atmosphere of its blockchain, which is made possible by its strong tokenomics.

 

It does this via the use of a token burning and reward distribution system, which together will assist its network in preserving a healthy equilibrium between the supply and demand of tokens. It is expected that this would, in time, assist the asset’s price trajectory to become more stable, providing investors with sufficient space for profit.

 

Tora Inu will also include a play-to-earn (P2E) platform, enabling players to earn TORA tokens, which can then be used to acquire and upgrade non-fungible tokens that are needed for its gaming environment.

 

Finally, the recently introduced cryptocurrency incorporated a listing on a Centralized Exchange (CEX) as part of its plan, which is something that the vast majority of, if not all, previous digital currencies have failed to achieve.

 

It is also essential to consider that both the Shiba Inu and the Floki Inu have the propensity to be dependent on the momentum of Dogecoin, which, at times, may be significantly influenced by events that involve Elon Musk.

 

On the other hand, Tora Inu can always maintain a confident posture and ask, “No Elon Musk? No problem.” That’s because the creators took precautions to ensure that no venture capitalists would back the project in order to give themselves an edge when it was opened to the public.

 

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