- Summary:
- The meme coin has a pre-programmed price increase every 24 hours during the presale period and will have risen by 119% after 60 days' presale.
Shiba Memu, a new AI-backed crypto meme coin, has announced its listing on BitMart. New to the crypto meme scene, Shiba Memu (SHMU) is a dog-themed coin backed by a platform that employs the power of AI to appeal to online communities. The listing comes as the project’s fundraising efforts have soared above the $1.5 million milestone, a month since the presale began.
Leveraging AI power and programmed smart contract
The idea for Shiba Memu’s AI originated from the group’s frustration with the high cost of marketing agencies in past ventures. Getting listed on a reputable exchange like Bitmart, a platform that has been on the scene since 2017, with a dazzling roster of over 1500 cryptocurrency pairs, is a key milestone and a strategic move for Shiba Memu.
Shiba Memu has built a self-promotional AI that can be deployed at scale in a number of real-world settings. Investors and crypto fans who see the project’s long-term potential have flocked to it in droves thanks to its appealing Shiba Memu mascot and concrete concept.
Those interested in the token can buy SHMU tokens on the official Shiba Memu website at the current price of $0.0181. The team also expertly programmed a smart contract that automatically raises the price by a set amount every 24 hours.
Those intending to participate in the presale will find this approach especially appealing because it ensures that the price at which they purchase during the presale will always be lower than the price at which they will be listed on an exchange. With only 32 days in on the presale, Shiba Memu is already speeding ahead. By the end of the allotted time, the price will have grown by 119%, from $0.011125 to $0.024400.
Why Shiba Memu is on the rise
The unrealized potential of Shiba Memu’s AI is the key to the company’s unprecedented level of success. Still in its initial stages, the AI uses Natural Language Processing (NLP) and Sentiment Analysis to scour the internet, especially social media, for references to Shiba Memu so that it can better target marketing.
Based on its novel concept, the company’s image is no longer just a lovely dog meme, but a hilarious, engaging dog meme with a sarcastic edge. In addition, the project has a positive outlook in terms of tokenomics, with 85% of tokens going towards the presale, 10% towards exchange listing liquidity, and 5% towards development. This gives SHMU owners significant influence over the direction of the dApp’s future.