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Thug Life (THUG), a recently launched hip-hop themed meme cryptocurrency, raised $296,000 in less than a week. The newly launched pre-sale phase of Thug Life is creating waves in the cryptocurrency community as it is the latest entry into the meme coin industry.
Thug Life – A Meme Piece for the Community
Thug Life came up with a unique and alluring approach, capitalizing on the growing popularity of meme currency. THUG associates its design with the enduring Thug Life movement, made famous by hip-hop icons such as Snoop Dogg, 50 Cent and Ice Cube.
The piece Thug Life wants to provide a platform of resilience and give optimism to people who are tired of being pushed for worthless projects by paid influencers by fusing nostalgia with humor.
The initiative has garnered considerable attention on social media channels like as Twitter. Additionally, Thug Life's official Telegram community has seen a substantial increase in new members.
The Thug Life project has already generated a ton of publicity due to the enthusiasm and energy of community members, which sets it apart from other meme plays. Although THUG lacks utility, other meme tokens have seen explosive growth in value since their introduction.
PepeCoin, likewise, lacked utility and saw a 6,000% surge after its initial coin offering. Without utility, SPONGE grew by more than 3,000%.
Check out our guide to the best meme pieces to buy here.
THUG One-Step Presale
Thug Life managed to raise nearly $290,000 in funding despite opening its presale on Wednesday, June 30, 2023, demonstrating its attractive appeal. Early investors can purchase THUG tokens for just $0.0007, and there is no expected price increase throughout the presale period, which adds to the attractiveness of the offer.
You know what time it is. All interactions with these tweets are logged.
🔑 Tag frens, drop wallet addy and keep an eye on DMs for $ VOW pic.twitter.com/m5hPpKurTw
– Thug Life Token (@thug_life_token) June 26, 2023
Small-cap crypto traders seem to agree that THUG, if it hits the open market, could become the next big meme currency due to its distinct value proposition and attractive tokenomics.
THUG's rapid adoption reflects the novelty of its offering and suggests it has the potential to become the next meme piece to dominate the market.
The video above gives a full overview of Thug Life's crypto pre-sale, follow his YouTube channel for more crypto-related videos. Jacob Crypto Bury also runs a Discord group with 14,000 members, where users can get trading tips and learn about upcoming crypto presales.
Thug Life Tokenomics attractive
Another outstanding feature is the investor-friendly tokenomics of the Thug Life project. 4.2 billion THUG of the project's supply is accessible during the presale, which represents a significant part (70%) of the total.
Growing group Thug Life supports this distribution approach as it ensures early backers will get the majority of the supply. Additionally, the Thug Life team promised to lock in liquidity for three months after its debut in DEX, thereby protecting investors from future all-in pullbacks.
The fact that the promoters have implemented a liquidity lock shows investors that they are committed to the initiative rather than just wanting to make a quick buck. The creators' dedication to investor engagement is also evidenced by the structure of tokenomics, which also allocates 15% to marketing and an additional 15% to community rewards.
Giveaways and an airdrop campaign, which are expected to begin once THUG has their first DEX roster, will be funded through the community rewards portion. Participate in the THUG presale at thuglifetoken.com.
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