Dog themed tokens and NFTs are all the rage in 2021 and Pittys Coin is basking in the limelight even before its launch. Pittys, apart from launching their own coin, would also release close to 5,000 exclusive dog themed NFTs. The Pittys Coin would be deployed on the Ethereum ERC-20 blockchain.
The coin has gained attention as it works on giving back to the dog community by helping pets get all the necessary care, which includes medical care, foster homes and run pit rescue missions.
Several cryptocurrency influencers believe that the coin has real world use-cases, as it's the only token in the pet care segment that would help dogs in leading a better life. ''Pitty is a NFT that is focused on giving back to man's best friend - and supporting one of the most misunderstood dog breeds,'' a statement on their website read.
Many crypto influencers took to their social media handles talking about the token and explained that it could well be the 'next big thing' in the crypto sphere.
Pittys is scheduled to hit the indices on November 20, 2021 and investors are already queuing up for the pre-sale to purchase the tokens. Investors believe that taking an early entry position during pre-sale or throwing their money on the very first day of its launch can make their investments spike up ten folds.
For instance, early investors in similar meme-coins such as Dogecoin, Shiba Inu and SafeMoon saw their returns on investment hit the roof in a few months after its launch. Even the latest Women Empowerment Token (WEMP) saw its price spike +4,500% in a single days time. Just a mere $1,000 investment turned to $45,000 in just the blink of an eye.
Taking an early entry position in meme-currencies has become all the rage and investors are hoping to make the most of the present situation and turn into their financial benefit.
Pittys website shows that their tokenomics would have a supply of 1,000,000,000 tokens, of which 50% would be burned at launch. The website claims that a total tax of 10% would be levied in investors and 5% of the amount will be used for NYC based pet rescue.