michi

price
change

Discover michi's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is michi?

Michi ($MICHI) is a cat-themed meme token launched in 2024 on the Solana blockchain. It has a current supply of 555,770,561.868105 tokens and is highly volatile, making it a high-risk investment. The token's value can fluctuate significantly due to various market factors, and its future price is impossible to predict accurately. Michi can be bought and traded on various cryptocurrency exchanges, but it is crucial to understand the risks and do thorough research before investing.

How is michi used?

Michi ($MICHI) is a meme-based cryptocurrency built on the Solana blockchain. It is primarily used for trading and investment purposes. The token can be bought and sold on various exchanges, including decentralized and centralized platforms like Raydium, Meteora, and MEXC. The most active trading pair is $MICHI/SOL, indicating a strong connection to the Solana ecosystem.

In addition to trading, Michi has a deflationary tokenomics model, where a portion of each transaction is burned, reducing the supply of $MICHI tokens. This mechanism aims to increase the token's value over time. Furthermore, a percentage of transactions is allocated to the marketing wallet, ensuring sustained growth and visibility for the project.

Michi also has a community-centric approach, with a focus on transparency and financial empowerment. The project's roadmap outlines key milestones and developments, keeping investors informed and engaged. Early investors are presented with an opportunity to join a movement that could potentially result in significant financial gains.

Overall, Michi ($MICHI) is used as a digital asset for investment and trading, with a unique set of features and mechanisms designed to drive its value and community engagement.

How do I store michi?

To store the crypto michi ($MICHI) tokens securely, it is recommended to use a wallet outside of the exchange where you purchased them. The best option is a hardware wallet, which provides the highest level of security. If a hardware wallet is not available, you can use a software wallet as an alternative. This ensures that you retain custody of your assets and minimizes the risk of losing them due to exchange-related issues.

How to buy michi?

To buy michi ($MICHI) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports your preferred payment method and policies. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Ensure you understand the differences between hot and cold wallets and choose the one that suits your trading needs.

  2. Set up your Wallet: Create an account, provide personal information, and set a strong password. You will receive a secret recovery phrase or seed words, which are crucial for recovering your wallet in case of loss. Record these carefully.

  3. Buy your Base Currency: Choose a cryptocurrency exchange platform and purchase a base currency such as Bitcoin, Ethereum, or Tether. This will be used to trade $MICHI and other coins.

  1. Transfer Funds to your Wallet: Withdraw your base currency to your crypto wallet by logging into your exchange account, providing your wallet address, and specifying the transfer amount. Wait for the funds to appear in your wallet.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet. Compare trading fees and liquidity across different exchanges to ensure the best pricing and spreads. Popular DEX options include Pancake Swap.

  3. Buy michi ($MICHI) with your Base Currency: Connect your wallet to the chosen DEX and select $MICHI from the list. Enter the amount you want to trade, ensuring you diversify your portfolio and are aware of market trends and risks.

  1. Verify the Token: If $MICHI is not listed on the DEX, locate its smart contract address using tools like bscscan or etherscan. Be cautious of scams and ensure you have the correct contract address.

Additionally, it is essential to perform thorough due diligence on the project, verify the token's liquidity, and check the team's involvement before investing in michi ($MICHI).

Discover
michi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of michi

Michi ($MICHI) is a decentralized cryptocurrency launched in 2024 and operates on the Solana platform. It serves as the native digital asset on the Michi platform, a social media platform focused on connecting people through shared interests and passions. Users can earn and spend MICHI tokens within the platform for activities such as creating content, engaging with others, and participating in community events. The token can also be used for tipping and gifting to show appreciation for other users' contributions.

Michi has experienced significant price fluctuations in recent months. Its all-time high was recorded on May 17, 2024, at a price of BTC0.058969. Conversely, its all-time low was recorded on April 25, 2024, at a price of BTC0.065168. The current market capitalization of michi is BTC1,236.3298, ranking it #478 on CoinGecko.

The token has a circulating supply of 560 million and a total supply of 1 billion. Its fully diluted valuation is also BTC1,236.3298, which represents the maximum market cap if all tokens are in circulation.

Discover
michi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How michi works

MichiCoin, represented by the ticker symbol $MICHI, is a meme-based cryptocurrency built on the Solana blockchain. This digital asset combines the popularity of meme culture with the potential of blockchain technology, aiming to redefine the norms of the crypto space.

Key Features
  • Advanced Technology: MichiCoin leverages the latest blockchain technology to ensure security, scalability, and efficiency.
  • Community-Centric: The project places a strong emphasis on community engagement and collaboration among holders.
  • Deflationary Mechanism: The tokenomics model is designed to be deflationary, meaning that as more transactions occur, the supply of $MICHI decreases, potentially driving up its value.
  • Strategic Roadmap: The project has a detailed roadmap outlining key milestones and developments, keeping investors informed and excited about the future.
Tokenomics

MichiCoin has a unique token distribution mechanism. For each transaction, 2% is distributed among token holders, 3% is allocated to the marketing wallet for sustained growth and visibility, and 5% is added to the liquidity pool to ensure stability and liquidity. This distribution model aims to benefit the community and support the token's ecosystem.

Trading and Market Performance

MichiCoin can be traded on both decentralized and centralized exchanges. The most popular exchange for buying and trading $MICHI is Raydium, where the $MICHI/SOL trading pair has significant volume. The token's market capitalization and fully diluted valuation are tracked and updated in real-time, providing investors with a clear picture of its performance.

Community and Social Impact

MichiCoin is not only a digital asset but also a movement that aims to make a positive impact. The project supports the adoption of rescue centers for cats, promoting their well-being and reducing suffering. This social aspect adds a layer of meaning and purpose to the token, attracting investors who value both financial returns and social responsibility.

Overall, MichiCoin is a novel meme-based token that combines cutting-edge technology, community engagement, and social impact, making it an attractive option for investors seeking a unique opportunity in the crypto space.

Discover
michi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

michi's strengths

The token michi ($MICHI) has several strengths that contribute to its potential as a promising investment opportunity.

Community Building and Engagement

Michi is a social media platform that focuses on connecting people through shared interests and passions. Users can earn and spend MICHI tokens within the platform for activities such as creating content, engaging with others, and participating in community events. This strong emphasis on community building and engagement creates a vibrant and rewarding social networking experience for its users, which can lead to increased adoption and usage of the token.

Unique Decentralized Cryptocurrency

Michi token is a unique decentralized cryptocurrency that serves as the native digital asset on the Michi platform. This decentralized nature allows for a fair and universal currency, distinguishing it from meme coins like Doge or Shiba, and giving it a bright future.

Long-term Price Forecast

The long-term price forecast for michi is highly optimistic, suggesting significant value appreciation in the future. This positions michi as a promising investment opportunity with growth potential over the next decade.

Versatility in Usage

The token can also be used for tipping and gifting to show appreciation for other users' contributions, adding to its versatility and potential for widespread adoption.

Overall, michi's strengths lie in its community-driven approach, decentralized nature, and long-term growth potential, making it an attractive option for investors.

michi's risks

Michi ($MICHI) is a high-risk investment with significant volatility. It should only be considered if you have a high tolerance for risk, are already in a strong financial position, and can afford potential losses. The financial risks associated with investing in $MICHI include market risk, credit risk, liquidity risk, operational risk, and legal risk.

Market Risk

Market risk is the possibility of loss due to fluctuations in market prices. $MICHI's value can drop significantly due to market volatility, making it a high-risk investment.

Credit Risk

Credit risk is the possibility of a borrower defaulting on a loan. Although $MICHI is not a loan, it is still susceptible to credit risks if the entities involved in its ecosystem default on their financial obligations.

Liquidity Risk

Liquidity risk is the risk of not being able to sell securities or assets quickly enough to cut losses. $MICHI's liquidity can be affected by market conditions, making it difficult to sell the token quickly if needed.

Operational Risk

Operational risk is the risk of failure due to internal factors, such as poor management or flawed financial reasoning. $MICHI's operational risks can arise from the management of its underlying project or the entities involved in its ecosystem.

Legal Risk

Legal risk is the risk of financial loss due to legal disputes or regulatory actions. $MICHI is subject to legal risks if regulatory bodies impose restrictions or penalties on its operations or if legal disputes arise within its ecosystem.

Other Risks

Additionally, $MICHI is a meme coin with no intrinsic value or expectation of financial return, which increases its risk profile. It is crucial for investors to evaluate and invest wisely based on their financial situation and risk tolerance.

Discover
michi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did michi raise funds?

Discover
michi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

michi’s team

  • Michi Sander: Michi Sander is the driving force behind the fully decentralized crypto project, $MICHI. The project is community-owned, and Sander encourages collaborative efforts in marketing, development, and community management.

Whalee AI

The fundamental analysis assistant for crypto value investors.

michi NEWS REPORT

Latest news

Want an analysis of michi? Tell us on discord.

Similar tokens

sats
SATS
book-of-meme
BOOK OF MEME
shiba-inu
Shiba Inu
floki-inu
Floki Inu
dogwifhat
dogwifhat
Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM