In a bid to expand into new sectors, Hong Kong has been advocating for cryptocurrency acceptance. As the Securities and Futures Commission in Hong Kong gears up to publish regulations for the cryptocurrency sector, the crypto industry in Hong Kong is abuzz with anticipation.
On the 1st of June, Hong Kong’s investors will be able to trade Bitcoin (BTC) and Ethereum (ETH) due to a new licensing scheme for crypto providers. The Hong Kong Securities and Exchange Commission is also working on new guidelines for banks to abide by whenever they deal with customers holding cryptocurrency.
Alongside the push to adopt crypto investments, Hong Kong will be tempering this new market with strict regulation to avoid any FTX-style events in the future. Against the current backdrop of Hong Kong being open to financial innovation, Dogecoin (DOGE), Shiba Inu (SHIB), and Ape Brigade (APES) are running strong in their bid for new money in presale markets and public exchanges.
One promising new project that has caught the attention of crypto enthusiasts and investors is Ape Brigade, a presale meme coin that operates like Dogecoin and Shiba Inu. In this article, we will compare and contrast Ape Brigade with established players in the crypto industry, and analyze how it stands out from the rest.
Ape Brigade – A Unique Proposition in the Crypto Space
Ape Brigade is a new meme coin that is in the first stage of its presale. Built on the Ethereum blockchain, Ape Brigade offers fast, secure, and low-cost crypto investment in its presale, with a user-friendly interface that makes it easy for beginners to get introduced to the Defi space.
With its unique tokenomics, Ape Brigade incentivizes users to hold its native token with the total supply allocated in the following proportions: 50% for the presale, 20% for liquidity purposes, 15% for staking rewards, 10% for charity, and 5% for the team. Ape Brigade is community-driven, a promising new player in the crypto industry that offers a unique value proposition to users.
Dogecoin – The Father of Meme Coins
Launched in 2013 with a picture of Shiba Inu, Dogecoin was the first meme coin to be created. The dog-friendly cryptocurrency was developed by Jackson Palmer and Billy Markus, initially meant as a joke.
Today, Dogecoin is owned by millions and is frequently referred to by Tesla Owner Elon Musk on Twitter, creating huge volatility for its price. Dogecoin holds a very loyal community that regularly trades the crypto and uses it for tipping purposes on content platforms.
Shiba Inu Continues to be a Favourite in the Meme Coin Community
Created in 2020 by an anonymous individual or group called Ryoshi, Shiba Inu lags behind only Dogecoin when it comes to meme coin market capitalization. Shiba Inu is constantly updating its platform to become more accessible to the fans who have pitched money towards the meme coin.
One instance of this is the Shibarium update which is a planned development of the Shiba Inu platform from a single investable asset to a Defi ecosystem that has a metaverse, crypto exchange, and play-to-earn games.
Find out more about Ape Brigade (APES)