Blockchain

Monkeys Crypto Coin: A Meme Coin with a Legendary Story

If you are a fan of memes and cryptocurrencies, you might have heard of Monkeys, a crypto coin that is inspired by Elon Musk’s Twitter list and all things primate-related. Monkeys is a decentralized community-driven project that aims to create the biggest meme community in the crypto space. Monkeys also has a legendary story that involves a split, a dump, and a comeback. In this blog post, we will explore what Monkeys is, how it works, and why you should join the Monkeys tribe.

What is Monkeys?

Monkeys is a cryptocurrency that runs on the Ethereum blockchain. It was launched in July 2021 by a group of developers who wanted to create a meme and community project based on Elon Musk’s Twitter list, which features various celebrities and influencers with monkey emojis in their names. The project also pays homage to other primate-related memes that Elon Musk has posted or liked, such as Harambe, King Kong, and Planet of the Apes.

Monkeys has a fixed supply of 1 quadrillion tokens, which are distributed as follows:

  • 40% for presale and public sale
  • 20% for team and advisors
  • 15% for marketing and partnerships
  • 10% for liquidity provision
  • 10% for development fund
  • 5% for community rewards

The token has a deflationary mechanism that burns a percentage of the tokens from every transaction fee. This creates a scarcity effect that increases the value of the token over time.

How does Monkeys work?

Monkeys works by following a simple protocol:

  • Users create their own profiles by registering with their email or phone number. They can also import their existing profiles from other platforms, such as Facebook or Twitter.
  • Users browse or search for other users or projects that they want to support or interact with. They can also create their own projects and raise funds from other users.
  • Users send or receive Monkeys tokens to or from other users or projects. They can also exchange Monkeys tokens for other cryptocurrencies or fiat currencies.
  • Users earn Monkeys tokens by creating or engaging with content. They can also receive Monkeys tokens from other users as tips or donations.
  • Users spend Monkeys tokens on the platform or exchange them for other cryptocurrencies or fiat currencies.

However, what if a user or a project fails to deliver on their promises or obligations? This is where Monkeys’ dispute resolution system comes in. Monkeys allows users to file a complaint or a claim against another user or project that violates the platform’s terms and conditions. The complaint or claim is then reviewed by an arbitrator, who decides whether to accept or reject it. If the complaint or claim is accepted, the user or project’s funds are frozen and distributed among the complainant and the arbitrator. If the complaint or claim is rejected, the user or project’s funds are released and the complainant’s reputation is lowered.

This way, Monkeys ensures that users have an incentive to be honest and accountable on the platform.

Why join Monkeys?

Monkeys offers several benefits over other meme coins or platforms, such as:

  • Community: Monkeys has a strong and loyal community of users, developers, and supporters who contribute to the growth and development of the project. The community also interacts with Elon Musk himself, who occasionally replies or likes their tweets.
  • Story: Monkeys has a legendary story that involves a split, a dump, and a comeback. The story goes like this: The original developers created the contract and added liquidity themselves, then locked it for 100 years. The community grew the project to 5 million market cap, then some of the developers decided to relaunch with a new contract that had a 6% tax for trading. The community did not agree with this tax farming scheme, so they stayed with the original contract. However, some of the developers drew some members away from the original contract and gathered in one wallet. They then dumped 34 ETH out of the chart, causing the price to go to zero. However, the community did not give up and rebuilt the project from scratch. They are now at 1.5 million market cap and broke 3 million market cap yesterday.
  • Innovation: Monkeys showcases the potential of blockchain technology in meme creation and distribution. It uses smart contracts to ensure fair and transparent transactions without any intermediaries or fees. It also integrates with other blockchains, such as Bitcoin and Litecoin, to enable cross-chain transactions and interoperability.

How to get involved with Monkeys?

If you are interested in using or contributing to Monkeys, there are several ways you can get involved:

  • Buy Monkeys tokens: You can buy Monkeys tokens from various exchanges or from their website. You can use Monkeys tokens to pay for transaction fees and data requests, buy or sell goods and services, tip or donate to other users or causes, participate in governance and voting, stake for rewards and reputation.
  • Become a user: You can become a user by creating your own profile on the Monkeys website or by importing your existing profile from other platforms. You can then start browsing or searching for other users or projects that you want to support or interact with, or create your own projects and raise funds from other users.
  • Become a node: You can become a node by running the Monkeys node software on your computer and connecting your wallet. You will need some Monkeys tokens to stake as collateral and some ETH to pay for gas fees. You can then start validating transactions and earning Monkeys tokens as rewards.
  • Become an arbitrator: You can become an arbitrator by holding Monkeys tokens in your wallet and applying for the role on the Monkeys website. You will need to pass a test and pay a fee to become an arbitrator. You can then start reviewing complaints and claims and earning Monkeys tokens as fees.
  • Join the community: You can join the Monkeys community by following their social media channels, joining their Telegram group, or reading their blog. You can also contribute to their development by submitting issues or pull requests on their GitHub repository.

Conclusion

Monkeys is a cryptocurrency that is inspired by Elon Musk’s Twitter list and all things primate-related. It is a decentralized community-driven project that aims to create the biggest meme community in the crypto space. It also has a legendary story that involves a split, a dump, and a comeback. The price of Monkeys has increased significantly since its launch, reaching an all-time high of $0.127157 in November 2021. However, the price of Monkeys has also experienced some volatility and corrections, reaching an all-time low of $0.00042960 in August 2023.

The price of Monkeys is influenced by various factors, such as supply and demand, community and partnerships, competition, regulation, and security. The price of Monkeys is expected to increase in the long term, as the project continues to develop and innovate its platform, attract more users and developers, and establish more partnerships and collaborations. However, the price of Monkeys may also experience some volatility and corrections in the short term, as it faces some competition and regulation from other meme coins and authorities.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button