September 8th, 2022 at 4:51 pm UTC · 8 min read
Since its kick-off, the cryptocurrency world has undergone intense evolution and development. Several people who are passionate about digital currency have attempted to redefine and expand this concept. Today, Cryptocurrency goes beyond just a substitute for fiat currencies as it currently accommodates Non-Fungible tokens (NFT), Metaverse, Artificial Intelligence, virtual farming, Virtual reality, and so on. It is therefore safe to say that Digital currency has advanced to become a world of its own.
Guffawli (GUFF), Binance Coin (BNB), and Litecoin (LTC) are some of the altcoins that are attempting to reform the digital currency space. Binance Coin (BNB) is one of the globally largest cryptocurrency exchanges that have created an entire ecosystem of scalability for its users. Litecoin (LTC) is a digital currency that aims to be a lighter version of Bitcoin. Additionally, it offers low transaction fees and a secured ecosystem. Guffawli (GUFF) is a decentralized system that hopes to merge psychology with blockchain technology. While promising a passive income, Guffawli aims to encourage open, free, and honest conversations among users on the platform.
Binance Coin was launched in 2017 to become the main infrastructure service provider for the entire blockchain system. This network includes Binance Smart Chain, Binance Academy, Binance Chain, Trust Wallet, and Research Projects. These features have assisted other crypto enthusiasts in launching their platforms and tokens. In addition, the features also use the power of blockchain technology to make new-age finance accessible to everyone. To further increase the reach and efficiency of this token, the creators have reduced the gas fees on the Binance Smart Chain. Also, the platform is forever blooming because the abundance of successful meme coins in the Binance Coin ecosystem is a growing attraction to interested users. Binance Coin (BNB), the token of the Binance ecosystem, is a deflationary coin that is burnt quarterly to reduce the total coin circulation by half. The Binance network is secured by the proof-of-work consensus and the downside of this is that it is limited and it consumes a lot of computing and electrical power.
Created on the Bitcoin protocol, Litecoin hopes to further reduce transaction fees and scalability. With the different hashing algorithms used, block transactions, and hard cap, Litecoin set itself apart from Bitcoin. Due to its low transaction fees, Litecoin (LTC) is appropriate for point-of-sale payments and micro-transactions. Furthermore, Litecoin (LTC) has become one of the most accepted cryptocurrencies as over 2,000 industries and businesses accept the token as a payment option.
In a bid to expand the ecosystem, the Litecoin network launched MimbleWimble Extension Block (MWEB) which is expected to provide fungibility while simultaneously improving the network’s scalability. This new addition to the ecosystem will make Litecoin (LTC) one of the most fungible and cash-like cryptocurrencies in the crypto space. The Litecoin (LTC) platform is protected by the proof-of-work consensus mechanism. Also, to ensure advanced decentralization, Litecoin offers users the opportunity to build Litecoin smart contracts. It uses a second-layer solution known as OmniLite that allows users to build Decentralized Applications (dApps) and smart contracts on the network. The coin is also a deflationary token that uses the halving mechanism. This implies that it will be harder to mine LTC tokens when the circulating supply comes closer to its maximum supply.
Keeping expansion in mind, Guffawli (GUFF) token offers a highly diverse approach to cryptocurrency by introducing psychology. This decentralized meme coin aims to assist users and other interested individuals to create a balance between their mental and psychological health. The crypto market is highly unpredictable; this means that certain coins can experience surges and plunges; when this happens, users will be largely affected. To address this, Guffawli was created to help users keep their feelings in check.
Guffawli gets its name from ‘Guffaw’ which means a loud and hearty laugh. This platform will help users develop trading techniques that are based on their personal needs and market proficiency. This will help individuals know their risk levels and when to enter and exit the market. According to psychologists, fear and greed are capable of affecting the human brain in a way that influences irrational decisions. While the crypto market is a highly successful one, most users still approach their purchases with greed in mind because of their subjective and reactionary behaviors. As a result, Guffawli is attempting to bridge the gap between sustainable and implementable strategies to ensure that all the users are well informed and their fear of missing out is eliminated. Additionally, this will help individuals make wise, meaningful, and profitable financial decisions.
Guffawli is a community-driven platform that encourages open and free communication among users. With improved communication, everyone on the platform will be able to participate in the growth of the network. While guffawing mostly has short-term benefits, it is essential for the regulation of emotions. By guffawing, several organs are stimulated, the stress response is calmed and muscle relaxation is boosted.
Due to its smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM), Binance has housed numerous meme coins and Guffawli has recently joined the train. Binance Smart Chain ensures affordable and faster transactions than most blockchains and it allows developers to move from Ethereum to Binance Smart Chain with zero hicks. Also, with BSC, low gas fees are assured as the expensive transaction charges often discourage interested individuals from pursuing their interests in cryptocurrency. With Binance Smart Chain as the bedrock of the Guffawli (GUFF) token, users will have access to cross-chain compatibility which implies that interactions will be fostered between Guffawli and other blockchains.
With the constant relegation of meme coins, Guffawli intends to be one of the successful ones by creating a very different approach to cryptocurrency. It is not unusual for crypto enthusiasts to make irrational purchases with the hope of making large profits; however, these purchases do not often end well and this is what Guffawli wants to address. Choosing to purchase GUFF tokens will not only ensure a passive income but also allow users to make better decisions regarding their spending.
With promises of a great time and heart laughs, the Guffawli (GUFF) cryptocurrency will benefit several individuals who are looking to make certain changes with their purchase impulses.
To ensure the safety of users’ funds, no presale wallet would hold tokens greater than 1%, there would be no minting functions in the Guffawli contract and the fair distribution of tokens during the presale would be ensured. In addition, by introducing Automated Liquidity, the problems associated with liquidity pools will be resolved. The Automated Liquidity will see to the implementation of smart contracts that will regulate the exchange that happens when liquidity pool providers add GUFF tokens to the pool to acquire rewards in return.
There will be a total supply of 10 Billion GUFF tokens in circulation. 40% of these coins will be reserved for liquidity, the Guffawli team is entitled to 6%, 22% will be for rewards, 7% for promotion, and 25% will be locked.
To achieve significant success on the Guffawli platform, a four-stage system has been developed. The first phase will experience the website launch, social media growth, and the awareness program designed to inform the world about the Guffawli (GUFF) token. The second stage will commence with the presale, partnership, and collaboration. The third stage will include a Guffawli product launch, an AMA session with the team, and product reviews. The final stage will begin with a review of holder rewards, partnerships, and sponsorships.
Meme coins have consistently proven to be efficient with the new approaches they bring to the crypto market. Created to create a balance between mental health and financial decisions, Guffawli has developed a hearty approach that will ensure that the trading choices made by users are not instigated by fear and greed. As a result of the highly lucrative advantages that cryptocurrency has to offer, individuals tend to capitalize on this irrationally by making greed-induced decisions; Guffawli hopes to reduce this by ensuring that users have access to accurate information that will positively influence their financial decisions. While the Guffawli (GUFF) token is not a scam, it is still essential for interested individuals to conduct adequate research.
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