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Tonic Crypto News: What’s Behind the Surge of the Meme-Inspired Token?

What is Tonic Crypto?

Tonic Crypto (TONIC) is a cryptocurrency that was launched in December 2021 as a meme-inspired token based on the popular cartoon character SpongeBob SquarePants. According to its website , TONIC is “the best meme coin made according to a secret recipe, like the hamburger in the original cartoon.” TONIC has a total supply of 40.4 trillion tokens, of which 61% are allocated to decentralized exchange (DEX) liquidity, 29% to unity, and 10% to centralized exchange (CEX) listing.

TONIC aims to create a community of fans and enthusiasts around the SpongeBob theme and to provide them with an opportunity to benefit from the price explosion of meme coins. TONIC also has a charitable aspect, as it plans to donate 1% of its profits to animal shelters and wildlife conservation.

How does Tonic Crypto work?

TONIC works by using a combination of tokenomics and features that make it different from other meme coins. Some of these features are:

  • Burn mechanism: TONIC has a burn mechanism that reduces the circulating supply of tokens over time. Every transaction of TONIC triggers a 2% burn fee, which is sent to a dead wallet and permanently removed from circulation. This creates scarcity and increases the value of the remaining tokens.
  • Reflection mechanism: TONIC also has a reflection mechanism that rewards its holders for holding the tokens. Every transaction of TONIC triggers a 2% reflection fee, which is distributed among all the holders proportionally to their token balance. This creates passive income and incentivizes holding.
  • Revenue generation: TONIC also has various revenue generation methods that create additional income for the token and its holders. Some of these methods are:
    • NFTs: TONIC creates and sells non-fungible tokens (NFTs) that are based on popular memes, celebrities, or influencers. The profits from the NFT sales are used to buy back and burn more TONIC tokens.
    • Staking: TONIC allows its holders to stake their tokens and earn interest in stablecoins or other cryptocurrencies. The staking rewards are paid from the fees collected from the transactions on the TONIC platform.
    • Yield farming: TONIC allows its holders to provide liquidity to decentralized exchanges (DEXs) and earn fees from the trading volume. The liquidity providers can also earn additional rewards in TONIC tokens or other cryptocurrencies.
    • Nodes: TONIC plans to acquire nodes from other blockchain projects that generate revenue from validating transactions or providing services. The revenue from the nodes will be used to buy back and burn more TONIC tokens.

What is the current price of Tonic Crypto?

The current price of Tonic Crypto as of August 14, 2023 is $0.00011857 USD, with a 24-hour trading volume of $106,767 USD. TONIC has experienced a 1.7% increase in the past 24 hours, and a 2.3% increase in the past 7 days . The current market cap of TONIC is not available, as the circulating supply of TONIC tokens is not reported. The fully diluted market cap of TONIC is $4,809,743 USD, assuming all 40.4 trillion tokens are in circulation.

Where can you buy or trade Tonic Crypto?

TONIC can be bought or traded on several cryptocurrency exchanges, both centralized and decentralized. Some of the most popular exchanges where you can buy or trade TONIC are:

  • Uniswap: Uniswap is a decentralized exchange that allows you to swap any ERC-20 token (including TONIC) with any other ERC-20 token without intermediaries or registration. You can use Uniswap to trade TONIC with ETH (Ethereum) or any other token on the Ethereum network .
  • LBank: LBank is a centralized exchange that offers low fees, high liquidity, and multiple trading pairs for TONIC. You can trade TONIC with USDT (Tether) or ETH on LBank .
  • Bitrue: Bitrue is another centralized exchange that supports TONIC trading. You can trade TONIC with USDT or XRP (Ripple) on Bitrue .
  • Quickswap: Quickswap is another decentralized exchange that operates on the Polygon network, which offers faster and cheaper transactions than Ethereum. You can use Quickswap to trade TONIC with MATIC (Polygon) or any other token on the Polygon network .

Conclusion

TONIC is a cryptocurrency that was launched in December 2021 as a meme-inspired token based on the popular cartoon character SpongeBob SquarePants. It claims to be the “best meme coin made according to a secret recipe, like the hamburger in the original cartoon.” TONIC has a total supply of 40.4 trillion tokens, of which 61% are allocated to decentralized exchange (DEX) liquidity, 29% to unity, and 10% to centralized exchange (CEX) listing. TONIC aims to create a community of fans and enthusiasts around the SpongeBob theme and to provide them with an opportunity to benefit from the price explosion of meme coins. TONIC also has a charitable aspect, as it plans to donate 1% of its profits to animal shelters and wildlife conservation. TONIC works by using a combination of tokenomics and features that make it different from other meme coins, such as a burn mechanism, a reflection mechanism, and various revenue generation methods. The current price of TONIC as of August 14, 2023 is $0.00011857 USD, with a 24-hour trading volume of $106,767 USD. TONIC can be bought or traded on several cryptocurrency exchanges, both centralized and decentralized. TONIC is a meme coin with a twist that you should check out if you love SpongeBob or want to join the meme coin craze.

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