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MICHI
$0.05660
4.02%
Open
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| MICHI | SPL | SOL | 5mbK36SZ7J19An8jFochhQS4of8g6BwUjbeCSxBSoWdp | 2024-04-08 |
About MICHI
Michi (MICHI) is a meme token operating on the Solana blockchain with a deflationary tokenomics model. It is primarily used for trading and investment, with mechanisms designed to reduce its supply and support marketing efforts.
Michi (MICHI) is a cat-themed meme cryptocurrency launched in 2024 on the Solana blockchain. It has a total supply of 555,770,561.868105 tokens. Meme tokens, such as Michi, typically derive their value from community support, branding, and speculative interest. Michi’s tokenomics include a deflationary mechanism designed to reduce its circulating supply over time. As a high-risk investment, its value can experience significant volatility, influenced by market demand, community activity, and broader cryptocurrency market trends.
Michi ($MICHI) is primarily used as a speculative asset for trading and investment within the cryptocurrency ecosystem. It can be bought and sold on multiple cryptocurrency exchanges, with the most active trading pair being MICHI/SOL, which highlights its integration within the Solana ecosystem. A portion of each transaction involving Michi is burned, reducing its overall supply in a deflationary mechanism designed to incentivise holding by potentially increasing the token's value over time. Additionally, a percentage of transaction fees is allocated to a marketing wallet to sustain the project’s visibility and growth. Michi’s project roadmap includes various initiatives to engage its community, emphasising transparency and financial empowerment for holders.