MuskCoin Token Review
MuskCoin is a new cryptocurrency token that gets its inspiration from Elon Musk. Specifically, the token is inspired by his engineering mind, including its “beauty” and “subtlety.” The coin follows the slogan of #MuskCoinTotheMars and follows the growth of the cryptocurrency market.
So far, Elon Musk has not commented on the creation of MuskCoin and the goal of #MuskCoinTotheMars. However, honoring Musk with this token makes logical sense. He is a strong supporter of cryptocurrency, is actively working towards reaching Mars, and has the strong engineering mind that inspired the token and upcoming exchange.
The Goals of MuskCoin
There are several important goals behind #MuskCoin. In the shorter term, the team will soon be releasing the MuskExchange(DEX).
In the long-term, MuskCoin aims to be the main currency on Mars.
Important Details on the Token
The MUSK token will have a maximum total supply of one billion ERC-20 tokens and 1.7 million BEP-20 tokens. Using these token standards helps ensure that the token is compatible with a long list of wallets.
That said, the MuskCoin team suggests that token holders use Metamask, TrustWallet, or the Binance Extension Wallet. Just note that using the Binance Extension Wallet only works for the BEP-20 token.
At the time of writing, the token behind #MuskCoin is available on PancakeSwap. CoinGecko reports its price at $60 for 1000MUSK. Week earlier the price was $20 for 1000MUSK.
The MuskCoin Airdrop
To help encourage the adoption of MuskCoin, the team has two airdrops planned. The first airdrop goes directly to the token’s communities on Twitter and Reddit. This gives those interested in the coin the chance to get involved, even if they cannot invest right away. The airdrop also helps add value to the token from the start.
This first airdrop is already well underway and is going according to schedule, as it was planned for April 2021.
The second token airdrop will be in a few months. It will be for the liquidity providers for MuskExchange, the decentralized exchange that will be coming soon. This airdrop will take place in December 2021 and just be for liquidity providers who already use the exchange by Dec. 1.
Requirements for the First Airdrop
There are a few basic requirements to be eligible to participate in the first airdrop, the one currently taking place on Reddit and Twitter.
On Twitter, you need to have a minimum of 500 real followers and subscribe to the project on both Reddit and Telegram. On Reddit, you need to have a minimum of 200 real subscribers.
This will entitle you to 1,000 MUSK tokens with the BEP-20 standard.
The Road Map
One of the strong points of MuskCoin is that it features a roadmap with specific actions. More importantly, some of the steps have already been completed, showing that the team behind #MuskCoin is on track.
Stage 1
Stage one of the road map focuses on launching MuskCoin and getting it listed on various decentralized exchanges.
In this section, the team has already launched the token on the Ethereum network and the token on the Binance Smart Chain. All that remains is to create the bridge between BSC and Ethereum.
Starting in April 2021, the road map outlines listing MUSK on various decentralized exchanges. It is already on Pancakeswap as the BEP-20 token. It will soon be added to Burgerswap, also as a BEP-20. The ERC-20 token will soon be found on Uniswap and Sushiswap.
Stage 2
Stage two of the MuskCoin roadmap involves listing it on other exchanges and launching the project’s DEX.
Just some of the planned exchanges it should get listed on include Binance, Coinbase, Kraken, and OKEx.
The MuskCoin decentralized exchange will then follow, with a potential start date of August 2021. This exchange will allow for secure peer-to-peer crypto transactions.
Growth of MuskCoin
MuskCoin is showing steady growth. The following chart from BscScan shows the increase in BEP-20 token holders, complete with a sharp rise in the last few days.
As of the time of writing, there are 1,282 addresses, and there have been 1,793 transfers. This is an impressive increase considering that as of Apr. 6, BeInCrypto reported there were 173 addresses.
Benefits of MuskCoin
MuskCoin already has several benefits to help it stand out and show its potential for success. These include:
• Solid growth in the last several days
• Large communities on Twitter, Reddit, and Telegram
• A clear roadmap
• An airdrop in progress, showing the ability to execute its plans
• The potential to own the currency of Mars before it gets too large
• The ability to get tokens for free from the airdrop
• Highly affordable pricing if you choose to invest
The ability to get #MuskCoin tokens for free via the airdrop makes investing even more appealing, especially for those who already meet the requirements of having at least a few hundred followers on Reddit and/or Twitter.
Even for those with smaller followings, the fact that the token is so cheap makes it a great investment opportunity. As it is valued at less than a cent at the time of writing, it is affordable enough for anyone to invest in. The low price also means that even just investing a few dollars or $100 can give you thousands of tokens, with higher investments resulting in even more.
It seems likely that the coin will increase in value, based on the recent growth in token holders. When this happens, the more coins you have, the greater your profits will be, making its currently low price a major advantage.
Potential Profit of Investing in MuskCoin
The potential for profits with MuskCoin is there, especially if the team reaches its goals and MuskCoin becomes the Martian currency. The recent high adoption of MuskCoin, as shown by the number of token holders, also reflects a great deal of potential. When you factor in the ability to buy many tokens for a small investment, the potential profit increases.
You can join the MuskCoin community on Reddit, Twitter, and Telegram.
Sources:
https://bscscan.com/token/0x3ea98b8ea287b47494303fc8517049b3f457247f#balances
https://smartliquidity.info/2021/04/22/muskcoin-ecosystem-overview/
https://beincrypto.ru/neizvestnye-vypustili-muskcoin-v-chest-ilona-maska/
https://vc.ru/crypto/229877-entuziasty-s-reddit-razrabotali-muskcoin-v-chest-ilona-maska
Topic: MuskCoin review (Read 78 times)
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