Place/Date: New York, USA - December 15th, 2021 at 6:41 pm UTC · 2 min read
Contact: Steve Honig, Source: Mochi Inu
Mochi Inu ($MOCHI) is the latest entry into the memecoin ecosystem and differentiates itself by successfully combining both memecoins and decentralized finance (DeFi), two of the most popular crypto subsectors, into a single coherent ecosystem. In addition, Mochi will soon enable community members to earn staking rewards and accumulate Mochi tokens at a discounted rate from a bond marketplace.
Memecoins, which are primarily community-driven, have gained significant momentum during the past two years. DeFi has also emerged as a trailblazing sector in cryptocurrency, with a current total value locked (TVL) of approximately $260 billion.
Azeem Ahmed, founder of Mochi Inu, said:
“The protocol is designed to help ordinary people participate in crypto and overcome many of the obstacles they face in traditional markets. Unlike meme stocks, which seem often suppressed, the Mochi DeFi-memecoin ecosystem has free markets where every user has equal access. And unlike other memecoins, Mochi is backed by a DeFi protocol that can include staking, bond markets and stablecoins.”
The Mochi coin is run and governed by code built on decentralized infrastructure that enables truly free markets for users. Unlike most cryptocurrency, where purchases are made at market prices, Mochi bond markets may enable users to hedge against volatility by buying Mochi token bonds at discounted rates, which can be automatically staked to start earning rewards. And unlike many complicated decentralized applications that can be difficult to navigate, Mochi Inu has a simple and easy-to-use interface.
Mochi Inu was developed to bridge the gap between memecoins and DeFi, providing users with a cute “doggy” meme coin plus access to a decentralized finance ecosystem.