Steem Expands It's DeFi Mix PussFi
*Image pulled from front page of https://puss.meme/
It's rather clear that in most sectors of the world and most people are leaning towards decentralized options in order to make crypto more robust while providing large amounts of options to liquidity. For the last few years the liquidity in the sector has mainly dried up. However with recent changes in economies like the fed reducing rates by 50 points and China now injecting large amounts of liquidity into their markets it's sure to spill over into all sectors around the world.
One of these such projects is called Puss Coin or PussFi.
They are currently running a contest found here: https://steemit.com/hive-185836/@xpilar/puss-coin-a-promising-fun-token-that-has-huge-potentiality-of-utility-tools-in-steemit-and-blockchain-gaming-section
Above is a quick snap shot of what the project looks like. Some main takeaways from that would be it's currently running on the Tron network, there will be 1 billion tokens and it's labeled as a meme coin.
I have to be honest with you here though. Meme coins often provide some of the highest liquidity to systems. For example Pepe is one of my largest bags which produces massive amounts of fees for me in the DeFi space because of all of the trading that happens between the two.
PussFi also seems to have NFTs which are currently on ApeNFT which you can review here: https://apenft.io/#/TQRxQNvnALSe5N27uXC47j6HExS9WGT4kj/nft
Some of these dragon ones look legit!
Alright so let's jump back into the PUSS token.
With a healthy market cap of over 7 million and liquidity of $444,000 the token already seems to be off to a healthy start just 37 days into the release of it. This is critical for the success of meme coins as volumes need to be steady and high in order for them to survive and so far in just the last 24 hours a massive 1.2 billion TRX has been swapped with this pair showing a rather healthy nearly $200,000 worth of volume in the last 24 hours.
The project is looking healthy. Good volumns, good promotion and demand and a rathe healthy price that is on a upwards trajectory even after a month being online. It's going to be interesting watching this one grow and the further defi aspects the token will have.
I would highly recommend checking out the roadmap as well which can be found here: https://puss.meme/
and the whitepaper here: https://puss.meme/whitepaper.pdf
- This article is for entertainment purposes only. Do your own research and understand the risks before investing.