The cryptocurrency space in Africa is alive with early adopters making rapid gains and inroads in the blockchain industry. Until now, there was no distinct crypto project from Africa as all the coins and tokens were western and Asian projects. So Africans were buying the top of coins and tokens until Wakanda inu was launched.
What is Wakanda Inu?
Wakanda inu is an African community meme token launched on 6th November 2021. According to the token details on Coinmarket cap:
“Wakanda inu is a community meme project forged from the deep and warm consciousness of humanity. WKD the digital meme token that represents the daily struggles and aspirations of the best aspects of what it means to be alive”.
Wakanda inu recently got listed on hotbit, so we look at the impact the meme coin has had on Africa.
Impacts of Wakanda Inu on Africa crypto community
Here are the benefits and impacts Wakanda inu has had on the African crypto industry:
1. Wakanda Inu is a Testament to the African Identity
Wakanda inu was launched on 15th November 2021 on Pancakeswap. The token is named after Wakanda the fictional African superpower nation in the Marvels movie comic, Black Panther. It was quickly embraced by Africans in the crypto world and has risen to 100,000+ holders in one month of existence.
Africans identify with the token because of the sense of pride in having a token developed by Africans.
2. Wakanda has brought thousands of Nigerians and Africans into Cryptocurrency
A lot of the holders of WKD are newbies. The token is their first investment in Cryptocurrency. This is a positive sign that Nigeria/Africa is opening up to the Blockchain world.
The Blockchain is the future of finance and anyone who does not key into it now will be left behind in the coming years. With a population of 1.2 billion people, the adoption of Blockchain technology by Africans will keep the continent at par with its contemporaries and lead to an inflow of huge investments from the west.
3. Wakanda Inu has brought credibility and trust to African developers
Before now, Nigerian crypto projects were viewed with suspicion and branded as unreliable, suspected of launching with the intention to ‘rug pull’. This explains the hesitation, doubts, and early campaigns against the purchase of Wakanda tokens by some Nigerian crypto heavyweights especially when the tokenomics revealed that one wallet contained 76% of the maximum supply of Wakanda tokens.
However, the developers behind Wakanda explained that the 76% tokens are locked and would be burned as a way of shoring up the price of the token. They kept to their words and burned all 750 trillion tokens worth $150 million on 7th December 2021.
Similarly, Wakanda inu underwent Certik auditing and passed 80% of the audit test making it safe and viable.
4. Wakanda Inu has opened the door for other African crypto projects to thrive
With the success of Wakanda inu, other African projects are being launched into the global crypto space. This is encouraging to developers and investors.
We have brilliant developers who are coming out with coins with good use cases and innovative solutions. Since the launch of Wakanda inu, two other African projects have been launched in quick succession. They are Caketools and Farmbit with promising use cases and viable white papers.
5. Wakanda Inu has potentially turned young Africans into millionaires and billionaires
The people who bought the presale token made over 50x of their investments. Poverty in Africa/Nigeria is a major drawback to the development and stability of the region. When young people are empowered financially, they can lift themselves and their families out of poverty. They will create jobs and provide solutions to the nagging issues of their environment.
If Wakanda inu pulls another Shiba inu move, then in the next year, a lot of young Nigerians/Africans holding Wakanda inu will become financially independent. Many people are going to be rich and this will positively affect the economy.
What does the future hold for Wakanda Inu?
The future for Wakanda inu is bright if the developers follow strictly the white paper, and use the token distribution for Public sale, liquidity, marketing, development, and charity in the set percentages. The plans to build an NFT marketplace, farming, staking, DEX, etc will make the token very valuable and make its holders very wealthy.
Wakanda on Hotbit
Hotbit has listed WKD (Wakanda Inu) on its Global Section.
The deposit function was launched on: 2021.12.10 at 06:00 AM UTC
The trading function was launched on: 2021.12.10 at 08:00 AM UTC
The Trading Pair: WKD/USDT
You buy the token with your usdt.
Where else can you buy Wakanda Inu?
Aside from Hotbit, other exchanges you can buy Wakanda inu include: Pancakeswap, Apeswap, Tatswap, Quidax, Flitaa, Obiex, Bkek, Roqqu, Naijacrypto, Hagglex, Boundlesspay, Localtrade, Muna and Zt Global.