Forget About Dogecoin: This Coin Can Make You A Boatload of Money - Aliens: AI Crypto News & Markets Updates














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Forget About Dogecoin: This Coin Can Make You A Boatload of Money


Fri, Nov 26, 2021


Aliens TLDR

Guest Post Cryptocurrencies emerged as a form of a decentralized financial solution that utilizes the blockchain to mitigate transactions safely and fairly, removing the middleman and ensuring transparency.

Bitcoin, launched in 2009, was the first cryptocurrency to gain a following base large enough to be considered an asset and paved the way for all coins that emerged after it.

If you are up to date with the market, you probably heard about Dogecoin – a cryptocurrency that started out as a joke back in 2013 but has now reached a market capitalization of over $35 billion.

This sounds impressive on paper, but we believe people will soon debark from this hype trend and move on to another one – TORG.

First, let’s have a look at what we think Dogecoin lacks, and then we will move to how TORG aims to solve these issues.

Dogecoin was dubbed the people’s currency and is praised for its supposedly cheap $0.32 per token price and the idea that current investors are getting in on the ground floor far before widespread acceptance.

While Dogecoin sounds nominally cheap, there is a large number of mined tokens (130 billion).

Every year, the circulation supply grows by about 5.2 billion tokens, which means existing Dogecoin holders are slowly diluted by this ongoing mining-based inflation.

However, TORG aims to be more than just a shiny new coin .

It has been created with a strong purpose in mind – to become a sustainable and universal solution that emerging currencies can follow if they want to provide real utility for the world.

These emerging meme coins are popular, but they don’t bring any real value and utility to the world, as we can see with Dogecoin.

TORG, on the other hand, has the mission to provide a utility-driven value denominator to these meme coins and even has a name for the concept: utilimemes.

The Coin, the Foundation, financial service providers, and various independent and strategic investment arms all play an important part in TORG’s mutually reinforcing, mission-driven, and utility-focused purpose.

The utilimeme’s current market price sits at $0.00245, according to CoinMarketCap – much cheaper than Dogecoin and other similar tokens.

TORG aims to solve the issue with inflation as well by creating and distributing a finite number of 777 billion TORGs at launch.

The coin’s smart contract states that TORG won’t be mined, meaning the coin’s value won’t decrease due to inflation.

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