A Comprehensive Guide To Michi Crypto: A Cat Meme-based Coin

The concept of memes has conquered the world of social media, and at the same time, meme-based parody coins are bringing a revolution in the crypto market. Michi crypto is an integral part of this revolution, which gives you the power to create and customize your own Michi memes. To gather more information about this memecoin, join us on this voyage.

What is Michi Crypto？

Michi is a community-driven and meme-based parody coin and is recognized as the most memeable cat on the internet. The memecoin is affiliated with Julian Assanges pet cat, Michi, also known as the embassy cat. The crypto was launched in the market on April 8, 2024, and gained much traction quickly.

Michi, the most memeable cat | Source: Yahoo Finance

$MICHI is the native token of the network and runs on the Solana blockchain. The topmost priority of $MICHI is to promote fairness, inclusivity, and decentralization over the platform.

How to Store Michi Crypto？

After purchasing from the exchange, traders can use a wallet to store their $MICHI tokens. Hardware wallets are one of the best choices. These wallets come with a high level of security.

If you cant get your hands on hardware wallets, the second option is to use a software wallet as an alternative. These wallets ensure that the users have total control over their assets and eliminate the risks of losing.

Here are some steps for traders to buy $MICHI tokens:

– Select a reliable crypto wallet: The first step in the journey to buy the Michi crypto is to choose a suitable wallet. Research some reliable and secure wallets that can fulfill your needs, gather knowledge regarding their payment method and other policies, and then make your choice. Some popular names are Coinbase Wallet, MetaMask, and TrustWallet.

– Create your account: The next phase is creating your account after choosing a wallet. Fill it with your private information, and then create a strong password. After you make the password, you will receive a recovery code. This code would be helpful in recovering your wallet.

– Purchase a base currency: After setting up your wallet, search for a crypto exchange platform to buy a base currency to purchase $MICHI. The widely used base currencies are Bitcoin, Ethereum, and Tether.

– Transfer funds to your wallet: Now, as you purchase Base currency, its time to transfer it to your chosen wallet. You have to log in to your exchange platform account, give it your wallet address, and seamlessly transfer the amount you want.

– Choose a Decentralized exchange: Select a decentralized exchange that supports your crypto wallet. A decentralized exchange helps you buy or sell cryptocurrency. The most popular exchanges to trade Michi are Raydium, Meteora, and XT(dot)com.

– Buy $MICHI: The final step is purchasing the token. Connect your preferred DEX to your wallet, search for the MICHI token, and enter the amount you want to trade once you have found it.

The Tokenomics of Michi Crypto

$MICHI follows a deflationary tokenomics model, in which some tokens are burnt in the transaction time to reduce the supply.

According to CoinMarketCap, Michis total supply and circulating supply is 555,770,507. It has a current market cap of $81,027,673 at press time, and the LP burn rate is 100%.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they dont establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.