But there’s an exception, and that’s a new meme coin called Cutoshi. The project, which is currently in the presale phase, is up by 72% since the first stage.

Cutoshi Takes The Top Worldwide Trending Spot On X

The project went wild this week after trending on X, achieving the number 1 spot globally and also in the US. That attracted lots of new followers to their socials.

And that’s not all as the project also opened their doors for community quests and challenges, where people can earn themselves extra tokens by doing fun things like making memes, chatting with other community members, and more.

Token Farming – Both Fun And Smart

According to a spokesperson from Cutoshi, over 1500 people are currently engaged in the quests. The project has added a questing (aka token farming) leaderboard to their homepage, to gamify the process and encourage people to get to number 1. The top spots will get more tokens and also receive special rewards.

The logic behind this is threefold: 

Get people engaged and enjoying the project to create a fun community atmosphere, Spread awareness about Cutoshi, Enable people to grow or top up their bags of $CUTO, as a thank you for their early participation. What Does Cutoshi Stand For?

This last point brings us to the ethos of Cutoshi. Although billed as a meme coin, based on the prosperity-bringing Lucky Cat Figurine, the token is more like Shiba Inu than Pepecoin or Dogwifhat. This is due to its real-world use case of the ecosystem as a place where people can come and learn and interact with DeFi.

The team says they are inspired by the ideals of Satoshi Nakamoto, and are committed to introducing more people to the benefits of decentralized finance.

Given that meme coins have been one of the most explosive sectors in crypto this year, it makes sense that this is a great way to reach people, and bring them the potential of ROI that only early-stage meme coins can achieve.

But rather than being a mere flash in the pan (as many meme coins are), Cutoshi’s DeFi focus – combined with its fun approach – has the potential to make this a project that endures.

What Will The Project Do?

The Cutoshi ecosystem is going to comprise a DEX with utility-based NFTs, and a cute 8 bit style learning academy. The idea is to make learning about DeFi fun, and make using it simple. Bridging and swapping from chain to chain is difficult, lengthy and can even be risky.

Since Cutoshi’s DEX will be cross-chain, with a fun UI, this will remove the barriers to entry that stop many people from participating in DeFi.

Future plans for Cutoshi include a shop to buy merchandise, where people can pay in the native token $CUTO. This spreads the love for the lucky cat while making the currency have real value. And while most lessons will be free in their learning academy, there will be paid options for the most advanced levels, also payable in $CUTO.

The project has also reserved 7% of the tokens for a buyback and burn system, similar to projects like Shiba Inu, BNB, and more. With carefully thought-out tokenomics and a sound roadmap, Cutoshi is a project worth exploring, before the price of the token rises further.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member: 

https://twitter.com/CutoshiToken https://t.me/cutoshi

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article