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Cheems Inu Launches a Raffle Through NFTs
Wilmington, Delaware–(Newsfile Corp. – December 28, 2021) – Cheems Inu Launches a Raffle through NFTs. Meme tokens have been an integral part of the ongoing bull run in the cryptocurrency market. New meme tokens are trying to take their place among the plethora of these tokens that have flooded the crypto space, mainly on the Binance Smart Chain, among the longest-standing meme coins.
Cheems Inu
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Market Overview
The previous surge in popular meme tokens has inspired a lot of developers to pursue similar projects that can secure soaring high market caps. $CINU at its core is a meme coin, but unlike other meme coins, it has a native utility in the form of the upcoming site, MEMETOOLS. Cheems Inu is a meme that hopes to inspire others by combining Memes and Crypto to bring fun and money to the masses.
Potential
Over the past month, Cheems Inu has been listed on multiple coin trackers through its explosive volume, including multiple instances of trending on CoinMarketCap – the world’s most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality, and accurate information for drawing their informed conclusions. Moreover, Cheems Inu has been listed on multiple centralized exchanges such as Hotbit and BKEX, and more listings are running in the pipeline. BKEX is a digital asset trading platform. Also famous as the world’s largest blockchain financial derivatives service platform, BKEX has been online for less than one year, providing services to 1.8 million+ users in 208 countries around the world. BKEX is currently ranked 29th in the world.
Cheems Inu, $CINU was launched at a $4,000 market cap, and currently, the project is holding well above $30 million in market capitalization.
After being featured by StockTwits and trending multiple days above Fortune 500 companies such as General Motors and Tesla, $CINU was a trending topic on the largest social network for investors, attracting a ton of attention and further helping the upward price trend of Cheems Inu.
Tokenomics:
Cheems Inu has a total supply of 6,000,000,000,000,000,000,000 that is steadily decreasing with its hyper-deflationary burn function implemented within our tax system. 50% of all buy and sell taxes are burned. For reference, “burning” refers to tokens being sent to a null crypto address, permanently removing them from circulation and increasing the token’s scarcity.
$CINU has a buy tax of 10% per transaction and a sell tax of 15% per transaction; the taxes are allocated to liquidity, marketing, and supply burning. Additionally, there is a 3% maximum limit of the total supply that an individual can hold at any given moment. This amount doesn’t hinder significant investments like some other tokens while simultaneously avoiding any holder from having too much leverage and impact on the price. For comparison, the popular meme tokens have had single holders with over 10% of their supply at a time, causing a large risk of price manipulation and general product instability.
Generation 1 and Generation 2 NFTs Completely sold out (500 of ea)
Cheems Inu successfully sold its first and second batches of NFTs, along with a holiday Christmas Raffle through NFTs. Generation 1 of the Cheems NFTs launched on November 23rd, 2021. The original Gen 1 Cheems NFTs have been fully minted out. The minting price for the Gen 1 Cheems NFTs was 0.3BNB each. They are now available for secondary sale via community members on NFTKey, a widely used NFT marketplace featuring both generations of Cheems NFTs, among other collections. Generation 2 of the Cheems NFTs, commonly called ‘Pixel Cheems,’ was launched on November 30th, 2021. The minting price for Pixel Cheems NFTs was 1 BNB. Pixel Cheems are available for secondary sales on NFTKey.
Cheems Meme Tools Utility:
Merging all crypto meme tokens on a single social media is one of the goals that the team behind this project has in mind. $CINU will be the native token for the meme tools, and a burn will be added to the existing tokenomics, providing easy and fun to use media editing tools to create best memes on the blockchain itself. Meme Tools utility is currently in development. These meme tools will be the central hub for everything “meme” in the crypto space. A platform featuring advertising spaces for other meme projects, an upvote system, and a fully functioning swap where all meme tokens can be traded along with live tickers for popular meme tokens, and top gainers and losers section inspired by CoinMarketCap. “The Cheems social media will be different from all the existing platforms out now,” is what the team is constantly emphasizing on in all their AMAs and they also plan to have a memepedia.
$CINU has close to 40,000 holders and soared to an all-time high market cap just shy of 67 million. It is backed by a very strong community to set even more such milestones.
Social Links:
Website: https://cheemsinu.net/
Telegram: https://t.me/cheemstokenbsc
Twitter: https://twitter.com/CheemsInu
Media Contact:
Dave Ruiz
Telegram: https://telegram.me/cryptokidfinance
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108521
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
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