Cryptocurrencies were originally designed as a decentralised form of finance, aiming to give individuals full control over their money without the need for traditional banking systems. In this new era of decentralised finance (DeFi), the power lies within the crypto communities themselves, which not only distribute and govern the currency but also shape its success.
However, not all cryptocurrencies embody the true spirit of DeFi. Without catering to the needs of their communities, these cryptocurrencies struggle to thrive. Dogecoin (DOGE) serves as an example, as critics argue that its lack of community incentives hinders its ability to reach the coveted $1 price target and establish a self-sustaining economy driven by active community involvement.
Amidst this landscape, we find three cryptocurrencies—Dogelon Mars, Baby Doge, and Caged Beasts Coin—that have successfully cultivated self-sustaining economies while offering enticing Web 3.0 ecosystems and passive income opportunities. But which of these cryptos stands out as the most enjoyable and lucrative choice?
Dogelon Mars: A Meme Coin With a Narrative Twist
While Dogelon Mars (ELON) may be seen as a derivative of Dogecoin, it distinguishes itself by blending various cultural references into a meme coin with a unique storyline. Combining elements from the Doge meme, the support of Elon Musk (a prominent Dogecoin advocate), and the mission to Mars, Dogelon Mars creates a melting pot of meme magic. The coin has amassed a considerable following with over 300,000 Twitter followers and 84,000 followers on Telegram.
What sets ELON apart from other Doge-based meme coins is its incorporation of comic books that narrate the adventures of Dogelon, the dog that inspired the coin’s name. Drawing inspiration from the world of gaming, where deep lore creates lasting connections, infusing lore into meme coins adds a new level of personalisation to the already quirky representations of crypto coins.
Baby Doge: Adorable and Philanthropic
Among the three cryptocurrencies, Baby Doge shines with its unique attributes and strong focus on real-world utility. Beyond being a meme coin, Baby Doge aims to make a positive impact by promoting animal adoption awareness and supporting pet charities.
Notably, Baby Doge embraces a hyper-deflationary model. Holders of Baby Doge receive rewards through static reflection, where 5% of each transaction is redistributed to existing holders. This mechanism promotes a sense of community and incentivises long-term participation, automatically increasing the number of Baby Doge coins in a holder’s wallet. Over time, this scarcity can potentially drive up the coin’s value as demand grows.
Caged Beasts: Unmatched Community Incentives in Crypto
Caged Beasts Coin (BEASTS), a newly emerged meme coin currently in its presale phase, has quickly attracted a dedicated community through a clever marketing strategy that also serves as a self-sustaining economic approach. The cornerstone of this community-driven approach is the BEASTS referral scheme, empowering every BEASTS owner to generate a referral code and earn a substantial 20% commission in USDT, Ethereum, or BNB from each person’s BEASTS purchase using their code. Additionally, the purchaser utilising the code receives a 20% BEASTS bonus.
Beyond the allure of financial incentives, the Caged Beasts community forms an emotional connection to the cause. The concept behind Caged Beasts revolves around Dr Jekyll, who establishes a bio-lab to create mutated animals endowed with heightened intelligence and power. These creatures, known as “Caged Beasts,” are meant to challenge oppressive centralisation orchestrated by humans. It falls upon the supporters of this movement to set them free. By actively participating in the Caged Beasts community, individuals play a vital role in advancing the overarching narrative.
During the ongoing presale, the caged beasts undergo mutations, enhancing their strength through the integration of cybernetics and weaponry. This progression symbolises the growth and evolution of the cryptocurrency itself. Every aspect of the project contributes to the overarching storyline that “the caged beasts will save the world.” This captivating narrative, coupled with its ties to combatting oppressive animal cruelty, deepens the emotional connection within the community and strengthens the collective mission.
Embracing Community Empowerment in Crypto
The success of cryptocurrencies relies heavily on community involvement and incentives that foster self-sustaining economies. Dogelon Mars, Baby Doge, and Caged Beasts showcase the power of community-driven initiatives within the crypto space.
While Dogelon Mars harnesses the influence of meme culture and public figures like Elon Musk, Baby Doge and Caged Beasts prioritise the establishment of self-sustaining economies through community involvement and empowerment. Baby Doge’s emphasis on charitable initiatives and integration with popular e-commerce platforms appeals to those seeking tangible impact. On the other hand, Caged Beasts captivate users with its unique referral system and an immersive sci-fi storyline that blurs the boundaries between fiction and reality.
Caged Beasts Coin
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS