New AI Memecoin Shiba Memu Raises $798K in Nine Days

chainwire

Shiba Memu, a new dog-themed memecoin, has reported strong demand for its presale, raising almost $800,000 in just nine days. A total of $798,000 worth of SHMU tokens have been purchased so far ahead of the memecoin’s official exchange launch.

The project is centred around combining AI with advanced memetics to create a token that can market itself. Throughout its presale, which lasts for eight weeks, the price of the token will increase every 24 hours, until it eventually launches on multiple exchanges. SHMU tokens are currently available to buy on the official website.

Shiba Memu aims to become the top dog by using AI to generate its own marketing, doing the work of multiple agencies in real time, and eventually becoming a crypto marketing powerhouse. Launched at $0.011125 on day one of the presale, the coin will increase in value by $0.000225 every day until launch.

From day one to day nine, the cost of SHMU tokens rose by 16.18%. There follows a 41% increase scheduled by day 21 and, at the end of the presale on day 60, the SHMU token will cost 119.3% more than the initial launch price.

Shiba Memu’s roadmap is centered around harnessing the power of AI technology to disrupt a traditional market. Its AI will learn from successful marketing strategies, write its own PR, and promote itself across relevant forums and social networks. Shiba Memu will be able to generate content based on the data that its AI continually analyzes, publishing this on several online platforms. It will then monitor and analyze the success of its marketing efforts and adjust them accordingly, constantly learning and improving content in order to further optimize results.

The automatic nature of the platform removes humans from content marketing efforts, reducing delays and eliminating time-consuming tasks. It also means that Shiba Memu will be incredibly low maintenance, just like a real-life dog.

Shiba Memu has earned approval from CertiK, a top-tier blockchain auditor, which gives investors assurance that the project’s code and specifications have been reviewed and that the Shiba Memu team has passed a KYC process, reinforcing the project’s legitimacy. SHMU token holders will also be able to stake their coins to earn additional SHMU tokens. Shiba Memu has in-built, native utility, making it a potential long-term hold for meme fans and crypto enthusiasts alike.

About Shiba Memu

(SHMU) is a new dog-based crypto meme coin supporting a platform that uses AI to market itself and generate hype among online communities, thus creating a unique self-marketing meme. This technology will become more widely adopted within the blockchain arena in the coming years and solidify Shiba Memu’s position as a genuine pioneer. The cutting-edge AI technology behind the project reveals true innovation in the meme coin sector, and promises to deliver small and medium-sized businesses access to powerful marketing solutions that could both cut costs and deliver competitive advantage.

Learn more about this impressive AI-powered dog meme on the official website.

For more information: Website | Whitepaper | Socials

Read this next

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.

Industry News

SEC charges $15 million Ponzi scheme targeting Mexican-American community

Armando Gutierrez Rosas purportedly intended to invest these funds in U.S. real estate and mining operations in Mexico, assuring investors of monthly returns as high as 10 percent. Instead, Gutierrez operated a Ponzi scheme, diverting investor funds to cover his personal expenses, which notably included the acquisition of a $2.5 million mansion in Texas.

Digital Assets

Chainlink launches cross-chain interoperability protocol on Arbitrum One

Chainlink and Arbitrum join forces to bring the Chainlink Cross-Chain Interoperability Protocol (CCIP) to Arbitrum One, offering Web3 developers a powerful tool to build secure and interconnected applications across blockchains.

Executive Moves

STT appoints Brian Saldeen as Senior Risk & Margin Product Manager

Sterling Trading Tech welcomes Brian Saldeen to spearhead the development of their Risk & Margin offering, bolstering their cutting-edge solutions in the capital markets.

Industry News

Altruist eliminates brokerage account fees for advisors who choose their custody

Altruist, the modern custodian for independent RIAs, takes a bold step by eliminating portfolio accounting software expenses for all Altruist brokerage accounts, potentially saving advisors tens of thousands annually.

Retail FX

Exploring India’s Forex Market Timings With Insights From Experts

Traders Union experts identify the most profitable Forex trading windows for Indians as between 6.00-12.00 GMT and 18.00-0.00 GMT, emphasizing the importance of timing and market conditions in a rapidly evolving Indian financial landscape.

Retail FX

Capital.com UK doubles revenues, profit in 2022

The UK business of multi-licensed online brokerage group Capital.com has reported its financials for its new fiscal year ending December 31, 2022. The group managed to best most of last year’s performance metrics, having grown its net income, and FY 2022 turned into the best revenue since it was founded.

<