Grimace Coin: A Meme Coin Project on DogeChain
Grimace Coin, a meme coin project on DogeChain, was launched as a result of a light-hearted exchange on Twitter between Elon Musk and McDonald’s. This led to the release of the native token, GRIMACE. GRIMACE is based on the DRC-20 standard, which is similar to ERC-20 tokens on Ethereum. Since its launch, the token has driven increased activity on DogeChain, with over 645,000 transactions posted on the network.
Key Points:
- DRC-20 tokens are the native crypto assets of the DogeChain network, similar to ERC-20 tokens on Ethereum.
- GRIMACE’s launch on DogeChain has seen a surge in user count and transactions.
- On launch date, DogeChain transactions briefly surpassed those processed by Bitcoin and Litecoin.
- GRIMACE has a total supply of 1 million and its market capitalization has risen to $34.6 million.
- The token has been listed on decentralized exchanges such as MEXC and KibbleSwap.
Hot Take: The launch of GRIMACE on DogeChain has sparked excitement and potential in the meme coin scene. While its performance and volatility can be unpredictable, there are plans for GRIMACE to expand its utility through a decentralized exchange and a play-to-earn gaming platform. As with any investment, it’s important for supporters to conduct their own research and evaluate the risks involved.