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Cryptocurrency News Articles
Cutoshi (CUTO): The Adorable Cat-Based Meme Coin Targeting DeFi Curious CeFi Users
Nov 20, 2024 at 10:33 pm
Cutoshi is an adorable cat-based meme coin built on Ethereum and inspired by the Chinese Lucky Cat. Just like the waving cat figurines seen in many
CoinGecko lists Peanut the Squirrel and BONK among the best performing crypto assets, with gains of 261% and 78% respectively over the past week.
Investors are showing interest in Cutoshi, an Ethereum-based meme coin with a unique mission to onboard millions of new users into the world of decentralized finance (DeFi).
Cutoshi is a cat-themed meme coin on the Ethereum blockchain, inspired by the Chinese Lucky Cat.
In the same way that the waving cat figurines are a common sight in Asian homes and businesses, bringing good luck, the blockchain version of Lucky Cat is intended to serve as a symbol and talisman of good fortune, bringing prosperity to people’s digital assets.
Cutoshi is the face of a token on a mission to introduce millions of new users to the benefits of decentralized finance (DeFi).
According to a survey conducted by Uniswap in 2023, CeFi users expressed a desire to use DeFi, but their involvement was more likely if there was access to educational resources, a smoother user experience and solid support to help them navigate the learning curve.
Since then, many of those barriers have been addressed, including:
– Access to educational materials
– Improved user interfaces
– More effective payments, including P2P transfers
Cutoshi’s Solution to These Problems
The Cutoshi team is building a community-based platform that includes a cross-chain DEX, which solves the problem of effective payments as they are cheap and private, and it makes crypto easier to use since it works across multiple blockchains.
The Cutoshi DEX even offers P2P trading, which aligns with the privacy-focused ethics of BTC inventor and Cutoshi inspiration, Satoshi Nakamoto.
The involvement of the community from a grassroots level will increase participation and ensure greater user support, with over 1,500 people currently farming the token before it launches on the wider market.
According to the chart above, it is the educational barrier that Cutoshi appears to be addressing, with a simple yet appealing pixel art UI and the creation of their learning academy, which will cover all things DeFi from beginner to advanced topics.
The project is gaining attention with its catchy Lucky Cat meme and ecosystem. The token went viral on X in both the USA and Worldwide versions of the platform, trending in the number 1 spot.
The token has a strong social media presence, with several thousand followers creating and sharing Cutoshi posts, videos and memes daily.
The presale has raised close to $1 million in investment, with the third stage of the presale already ۳۶% sold out.
In just under a month, $CUTO has been listed on CoinMarketCap and is up ۷۲% since its inception, which is a great sign for the project, especially considering that new investors are still very early.
For more information on the Cutoshi (CUTO) Presale:
https://cutoshi.com/
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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