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Business News/ Brand Stories / DogeMiyagi Leans On Its Community Following The Ethereum And Shiba Inu Model

Crypto communities play a huge role in deciding a token’s future. By the inherently decentralised nature of cryptocurrencies, communities play a fundamental role in the operation of any crypto network. The projects with more community engagement will have an edge over projects that don't. 

The case of Ethereum (ETH) and Shiba Inu (SHIB) will illustrate the importance communities have in the prospects of a token. In this, we will look at the role of communities in the fortunes of ETH and SHIB. We will also look at how DogeMiyagi is leveraging its community as it bids to emerge as a top meme coin post-launch. 

Ethereum: The Power Of The Largest Crypto Community

The Ethereum network is the largest ecosystem in the crypto world, with its dApps and DeFi projects among the most popular in the market. The Ethereum blockchain is also the most preferred layer 1 solution for new crypto projects. The popularity of the network has resulted in the Ethereum network having the largest community in the crypto world. 

While the community dynamics in the network may differ from that seen in a meme coin network like Shiba Inu, the community holds a huge sway in the development of the Ethereum network. The community drives decision-making in the network and is instrumental in the direction the network’s updates take. 

The community is active on social media and is also engaged in charity activities through the Ethereum Foundation and other platforms. It has been instrumental in making ETH the second largest crypto in terms of market capitalisation and drives the network forward.

Shiba Inu: A Community-Centred Success Story

Shiba Inu is a powerhouse meme coin. SHIB is the second largest meme coin, with a market capitalisation of over $5 billion. The token has risen in popularity and is giving tough competition to Dogecoin for the meme coin throne. The token’s success owes a lot to its community and the role it plays in driving the adoption of the token. 

Being a meme coin community, humour is a vital element in the Shiba Inu community, with members using jokes and memes to communicate with each other. The community is active in charitable donations and was in the news for donating to the India Covid 19 relief fund and the Wakandan Panther Coalition. The community unites a diverse group of SHIB holders from around the world under the project's value of shared prosperity. 

Community Is The Front And Centre Of The DogeMiyagi Project

DogeMiyagi, a new meme coin in presale, has caught the attention of the market with its community-centred development model. The network has stated that it will be a full DAO after launch. The plan to be a full DAO reveals the intent of the network’s commitment to its community. 

The DogeMiyagi project stands out from the rest of the meme coins with its patient approach to the token’s development. The project emphasizes its approach is more focused on quality than breakneck developments or quantity. The hype around the project and the attention it is garnering signals the community is fully behind the project. 

To reward the community and create a sustainable revenue stream for them, the project will launch DogeMiyagi NFTs. The project has also launched a referral scheme for members of the community. Members of the community can refer the network to friends and family and will be rewarded with $MIYAGI for each successful referral. 

The role crypto communities play cannot be understated. The success stories of Ethereum and Shiba Inu networks illustrate the power that rests with crypto communities to effectively decide the future of a project. DogeMiyagi’s model of putting its community front and centre of its project is a nod to its power. The community-centred nature of the project will also power $MIYAGI’s bid for the meme coin throne. 

Click To Know More About Mr DogeMiyagi:




Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. 

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. 

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Updated: 30 May 2023, 07:11 PM IST
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