Following the success of Bitcoin since its creation in 2009, various cryptocurrencies have constantly been created. These tokens, built on diverse blockchains and having numerous applications, are called Altcoins, and they are the rave of the moment for tech-inclined financial investors. According to Investopedia, there are over 14000 altcoins, which keep increasing by the day.
An interesting 'brand' of cryptocurrencies are the coins that feature cute dog breeds as their mascots/logos. An example of such coins is the LazyShiba, which this article focuses on. The first coin created around this theme is the Dogecoin, a meme coin built in 2013 but remained obscure until the world's richest man, Elon Musk threw his weight behind it. This meme coin, launched as a joke on the rise of Bitcoin in 2013, rose sporadically to be the 12th ranked coin in the crypto-space. This rise fuelled a massive interest in Shiba Inu, another coin based on the same Japanese breed dog meme that Dogecoin appropriated earlier. This trend has further led to the deployment of several dog meme-themed coins like Dogelon Mars, Samoyed Coin, Monacoin, Dogebonk, Doge Dash, LazyShiba, etc.
LazyShiba is one of the latest entrants into the dog meme-themed coins subspace. Deployed only in Q4 of 2021, the coin reached a presale of 5500 holders, and plans are underway to launch a vast global marketing strategy in 2022.
What is LazyShiba?
LazyShiba is one of the latest smart chain meme tokens. It is a BEP-20 compliant token designed to reward all holders with 4% of every transaction. According to the dev. team, LazyShiba is not just another 'shitcoin,' rather, it is a token with a supportive community and diversified ecosystem.
LazyShiba tokens are burned monthly to boost the value as the project progresses. 122,400,151 tokens have been burned so far. This continues till the final goal of 2.5B is reached. Trading is only possible through the well-known PancakeSwap at the moment. However, there are plans to feature on exchange listings very soon.
What Differentiates LazyShiba From all the Other Altcoins?
LazyShiba was explicitly created to have a supportive community and diversified ecosystem. The dev posits that the project's goal is not just to launch another "shitcoin" but to have a robust cryptocurrencies ecosystem. It has been officially revealed that the project will be launching an NFT collection together with Pancakeswap, a decentralized exchange "Lazyswap" and a crypto wallet app "Lazywallet", for both android and ios users.
What is the Plan To Reach New Investors?
The LazyShiba dev Team has made plans to inject a million dollars into massive global marketing come 2022. The marketing strategy involves a combination of heavily targeted campaigns, including display ads, articles on cryptocurrency websites, contests, partnerships with influencers, and billboard marketing. To fund all of this, 2% of each transaction goes directly for marketing purposes.
Furthermore, one of the biggest priorities of the dev team, as earlier mentioned, is to build a strong community already established as "LazyArmy". This team of holders is to propagate the project's growth in their individual capacities. A community has been described as an "essential" piece for the success of any cryptocurrency project.
Long-Term Scalability?
Several factors come into consideration when determining the long-term scalability of altcoins. The dev team's long-term goal is to reach the top 250+ on the cryptocurrency ranking. The marketing strategies and involvement of the 'LazyArmy' community are poised to steer LazyShibu into achieving global success, similar to Safemoon and Shiba Inu's. Can they achieve all of this? Only time will tell.
Conclusion
LazyShiba is on its way to becoming one of the top tokens in the global cryptocurrency industry. The marketing plans put in place by the dev. team is a strong base for the above assertion. With the backing of a strong community - 'LazyArmy' and proper implementation of the marketing strategies, the future looks very bright for the LazyShiba project.
