Mog Coin

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Discover Mog Coin'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 Mog Coin?

Mog Coin (MOG) is a meme coin built on the Ethereum blockchain, following the ERC-20 standard. It was launched in July 2023 as a joke but quickly gained traction, known for its humorous approach to finance and its potential for growth. MOG is characterized by its unique branding, fast transaction speeds, and user-friendly features, aiming to bring fun and humor to the cryptocurrency space.

How is Mog Coin used?

Mog Coin (MOG) is the native token of the Mog ecosystem, primarily used as a means of transaction within the community. Users can purchase items or services within the ecosystem using the MOG token. Additionally, MOG can be bridged between Bitcoin and Ethereum via Multibit, and it can be deployed on the BRC20 network, providing a 2-way bridge to its users.

How do I store Mog Coin?

To store Mog Coin (MOG) tokens, you need to set up a compatible wallet. Here are the steps to follow:

  1. Navigate to DappRadar: Go to the DappRadar platform.
  2. Verification: Register and verify your account to ensure security and compliance.
  3. Wallet Setup: Set up a compatible wallet on DappRadar. This wallet will be used to store and manage your Mog Coin tokens securely.

How to buy Mog Coin?

To buy Mog Coin (MOG) tokens, follow these steps:

  1. Choose a Reliable Exchange:

    • Select a reputable centralized exchange that supports Mog Coin (MOG), such as MEXC, Binance, or KuCoin.
    • Ensure the exchange has solid security, liquidity, and a competitive fee structure.
  2. Create an Account:

    • Go to the exchange's website or mobile app and create a new account by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps (KYC).
  3. Fund Your Account:

  • Deposit funds into your exchange account using a supported payment method, such as:
    • Credit or debit card (Visa, Mastercard).
    • Bank transfer (SWIFT).
    • Peer-to-peer (P2P) trading.
    • Third-party payment services (Simplex, Banxa, Mercuryo).
  1. Navigate to the MOG Market:

    • Find the MOG Coin market on the exchange platform and select it.
  2. Choose a Transaction Amount:

    • Decide how much MOG you want to buy and enter the amount in the exchange's user interface.
  3. Confirm Purchase:

  • Review the transaction details and confirm your purchase.
  1. Complete Transaction:

    • Once confirmed, the MOG tokens will be added to your exchange account.
  2. Transfer to Wallet (Optional):

    • You can hold the MOG tokens in your exchange account or transfer them to a personal cryptocurrency wallet for additional security and control.

Remember to research the exchange's reputation, fees, and security before making a purchase.

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History of Mog Coin

Mog Coin, also known as the internet's first culture coin, has a unique history that began as a fun meme among friends in the summer of 2023. Despite initial skepticism, the project quickly gained traction in the decentralized ecosystem. The coin was launched via Uniswap V2 LP, ensuring a fair launch where everyone had an equal chance of acquiring the token, regardless of their status.

Mog Coin is minted on the Ethereum blockchain and follows the ERC-20 standard, making it a fungible cryptocurrency. The project's official website showcases its memetic nature with vibrant graphics and videos featuring notable figures like John McAfee and Martin Shkreli.

The name "Mog" derives from "AMOG," signifying an alpha male group, and the brand symbol, the joycat, represents community adaptiveness and a carefree attitude, emphasizing fun and positivity in the decentralized ecosystem. The $MOG token is the native currency for the Mog ecosystem, used for transactions within the community.

In its early days, Mog Coin experienced a significant surge in value, increasing by 2000x within the first 48 hours of its launch. The all-time high (ATH) was reached on July 22, 2023, at a price of $0.00000002626. Currently, the coin is trading at $0.00000145 with a market capitalization of $535.97 million and a circulating supply of 390.57 trillion MOG.

Despite its memetic origins, Mog Coin has gained significant attention and traction in the cryptocurrency market, with a strong community and a focus on pushing the boundaries of humor and viral brilliance.

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How Mog Coin works

Mog Coin (MOG) is a digital currency that operates on the Ethereum blockchain, adhering to the ERC-20 token standard. It is primarily used as a means of transaction within the Mog ecosystem, allowing users to purchase items or services within the community.

Key Features
  • Tokenomics: Mog Coin has a total supply of 420.69 trillion tokens, with a circulating supply of 390.57 trillion. The project includes a burning mechanism that reduces the supply of tokens over time, which can lead to an increase in the token's value.
  • Utility: Currently, the primary use of MOG is for transactions within the ecosystem. However, it has the potential to be used for other community-focused features in the future.
  • Availability: MOG can be purchased on various platforms, including centralized exchanges, cryptocurrency wallets, and decentralized exchanges. It is available on both the Bitcoin and Ethereum networks.
  • Trading: MOG can be traded against other cryptocurrencies, such as USDT (Tether), on platforms like CoinEx.
Community and Trading
  • Market Performance: MOG has experienced significant price surges, attracting both individual and retail investors to the ecosystem.
  • Whale Influence: Large investors, known as "whales," have been observed manipulating the price of MOG by creating price movements that attract attention and generate purchasing orders. This allows them to exit their positions at a profit.
  • On-Chain Data: Tools are available to analyze on-chain data, providing insights into the behavior of retail and whale investors. This data can help identify trends and patterns in MOG trading.
Background and History
  • Origin: Mog Coin was initially created as a joke, but it quickly gained popularity and became a significant player in the cryptocurrency market.
  • Minting: MOG was minted on the Ethereum blockchain on July 20, 2023, and its official website and Twitter account are the primary sources of information about the project.

Overall, Mog Coin operates as a digital currency within its ecosystem, with a focus on transactions and potential future community features. Its market performance has been influenced by both retail and whale investors, and its utility is primarily centered around transactions within the Mog community.

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Mog Coin's strengths

Mog Coin (MOG) has several strengths that contribute to its potential success:

  1. Strong Community: Mog Coin has a dedicated and active community, which is crucial for the survival and growth of a memecoin. The community's engagement and creativity in creating memes and participating in events help maintain interest and attract new investors.

  2. Influential Backing: Mog Coin has received support from influential web3 creators and figures, including Kmoney, FaZe Banks, ThreadGuy, and Frank DeGods. This backing can help increase its visibility and credibility within the crypto space.

  3. Memetic Power: Mog Coin's memetic appeal is a significant strength. Its use of popular internet memes and cultural references helps it stay relevant and attract attention, which can drive up its value.

  1. Advanced Technology: Mog Coin is built on the Ethereum blockchain and follows the ERC-20 standard, ensuring it has robust security, fast transaction speeds, and user-friendly integration with existing platforms.

  2. Market Performance: Mog Coin has shown significant price increases in the past, with a notable 2000x surge within the first 48 hours of its launch. It has also seen recent price bumps, indicating ongoing market activity.

These strengths collectively contribute to Mog Coin's potential for growth and its ability to attract and retain investors.

Mog Coin's risks

Mog Coin (MOG) is a highly centralized token with several security risks. Key concerns include:

  • Ownership Control: The smart contract owner can renounce and transfer ownership of the token instantly using the "Ownable" function, giving them significant control over the asset.
  • Token Fees: The owner can set and change token fees up to 50%, which can be abused for preferential treatment or malicious purposes. They can also exempt specific addresses from fees and transaction limits.
  • Trading Control: The "startTrading" function allows the owner to enable or disable trading, potentially preventing traders from executing deals.
  • Liquidity and Token Swaps: The contract deployer can withdraw MOG's liquidity and swap tokens for Ethereum (ETH), further increasing the risk of manipulation.
  • Centralization: The owner has too much control over the smart contract, making MOG a precarious investment.

These risks highlight the potential for the owner to manipulate the token, making it a high-risk venture for investors.

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Did Mog Coin raise funds?

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Mog Coin’s team

  • Julz: Known for promoting Mog Coin on social media platforms like X (formerly Twitter), emphasizing the team's strength and the token's presence on multiple blockchains.

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