Along with all the decentralized financial instruments, NFTs and passive income generation protocols, one asset in particular caused a stir in the crypto market, the impact of which is still being felt across many industries with Meme Coin.

The repercussions of the Meme Coin Effect are bouncing back to traditional industries, as some assets in this new class have demonstrated price increases of over 2,000,000% in less than a year, as demonstrated by the Shiba Inu ( SHIB ) coin. It becomes clear that this asset class deserves attention when people like Elon Musk rally for it with booming tweets and ask McDonald's to start accepting them as payment with Hokk Finance Meme Tokens.

What is a Meme Coin?



Cryptocurrencies themselves were developed as an alternative means of payment to circumvent the domination of centralized financial institutions and government control. As the first of its kind, Bitcoin has paved the way for the development of a wide variety of decentralized financial assets designed to facilitate both payments and cross-border transactions ranging from exchange transactions to transfers between friends.

The adoption of digital currencies as a means of payment cannot be ignored, given that more than 15,000 outlets around the world accept Bitcoin and other major coins like ETH as legal means of payment. Companies like mobile carrier AT&T and manufacturing pioneers like Tesla are also accepting cryptocurrencies as payment for their products….

How India's Biggest Crypto Ponzi Scheme Stole Nearly Rs 1 Trillion

The GainBitcoin scam started to take shape in 2015. The mastermind behind the crypto Ponzi pyramid scam, Amit Bharadwaj, launched his Bitcoin-based investment program called “GainBitcoin”. This program was designed to attract new investors who do not have enough knowledge about the crypto world. While Bharadwaj was arrested for his crime in March 2018, the true extent of the scam is still being uncovered.

According to an IANS report, approximately Rs 1140 billion was lost over Rs 13.40 billion in the scam. The report suggests that there have been over 100 FIRs relating to the scam, most of them filed in the state of Maharashtra (100 FIRs).

The mastermind behind the whole Ponzi scheme, Amit Bharadwaj died earlier this year of cardiac arrest. The report suggests that Bharadwaj would have collected Bitcoin anywhere between 3,85,000 and 6,00,000, which is just under Rs 1 trillion according to Bitcoin's current valuation. This is when Bitcoin is at an all-time low of around $21,000 from its peak value of around $68,000 in November of last year.

Pune police investigated the GainBitcoin scam . The police managed to find more than 60,000 IDs and email addresses linked to this Ponzi scheme. The GainBitcoin scam.

What is the Gain Bitcoin scam?

Similar to other Ponzi pyramid schemes, the GainBitcoin scam has lured new investors with unrealistic returns on their…

Meme Token: Top 10 Best Meme Coins in 2022

The first meme token was launched in 2013. Many other tokens of the same type such as Shiba lnu or Doge Floki Coin then gradually appeared. Currently, there are more than a hundred on the market. Who are the most successful among them? Discover in this guide our Top 10 of the best meme tokens. We also present the brokers who offer these crypto currencies.

Dogecoin or DOGE: the Most Popular

The Dogecoin meme token was launched in 2013. Originally, this token was created to poke fun at Bitcoin and its rising stardom. Its developers also wanted to market a cryptocurrency accessible to everyone. Also, its logo is the famous Internet meme Shiba Inu which was extremely popular at the time.

It was programmer Billy Markus who came up with the idea for the project. He was later joined by Jackson Palmer to direct. Later, it was Tesla CEO Elon Musk's regular tweets that propelled the token to the top. Today, this token is supported by other celebrities like Snoop Dog.