What is Akita Coin? – A Detailed Explanation

Other than Bitcoin, many other cryptocurrencies have emerged. Some of these cryptocurrencies have been launched on their own blockchain, and some tokens are launched on existing blockchains. Akita coin is one of the decentralized cryptocurrencies built on Ethereum in association with the Polarfox community, a community-based crypto enthusiast aiming for a great financial ecosystem. 

Akita coin was established and started the storm in February 2021 and added itself into seven platforms, including Hotbot, Poloniex, MXC, etc. It has Akita Inu, a Japanese bear hunting dog, as a logo representing their aim of fighting the future marketing with the power of the community.

It is a community-driven token or cryptocurrency that helps in the allocation of skills within the community as well as to collaboratively decide for the better future of Akita. Hence, it is supported by the Akita network that is exclusively built with input from the community, making it completely a democratized project.

Akita Inu is inspired by Dogecoin, which is a sarcastic meme coin developed by Billy Markus and Jackson Palmer. It has utilized social media and combines the growing influence of memes all over the internet. It has shown fast-paced development and gained enough market value in a very short time. 

What are the Features of Akita Coin?

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Akita has sent half of its token to the founder of Ethereum, Vitalik Buterin, while the other half were locked in a Uniswap pool, and the keys were burned. This makes it available for everyone and ensures trust by distributing it on the open market. This also reduces the lack of scams. 

Moreover, Akita coin being a decentralized cryptocurrency allows direct cryptocurrency transactions without mediation. It means lending, buying, or any transaction is completely decentralized through smart contracts that use the codes that make each operation decentralized and the whole system of Akita coin and the process entirely secure.  

Over on Etherscan, there are 22,669 holders of the coin already. To make it successful, Akita tokens are used in voting for governing Akita, and every use and transaction of Akita coin, a user gets gAkita which is used as an incentive to trade more Akita. 

It’s developed on Avalanche as it offers low gas fees, extremely fast transactions, and a dedicated community and responsive development team. Moreover, Akita Inu is highly affordable as well as profitable for everyone that reduces the loss factor.

Also Read: Akita Inu (AKITA) Price Prediction 2021 and Beyond – Is AKITA a Good Investment?

Takeaways

  • Akita coin was established and started the storm in February 2021 and added itself into seven platforms, including Hotbot, Poloniex, MXC, etc.
  • It is a community-driven token or cryptocurrency that helps in the allocation of skills within the community as well as to collaboratively decide for the better future of Akita.
  • Akita Inu is inspired by Dogecoin, which is a sarcastic meme coin developed by Billy Markus and Jackson Palmer.
  • Akita has sent half of its token to the founder of Ethereum, Vitalik Buterin, while the other half were locked in a Uniswap pool, and the keys were burned.
  • Over on Etherscan, there are 22,669 holders of the coin already.

 

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