Hayden Davis, the facilitator of the controversial Libra (LIBRA), has admitted that the team sniped Libra at its launch. Libra went live on Friday last week, and its market cap surged after Argentina’s President Javier Milei promoted the token and crashed after he withdrew his support. In contrast, ChowWow ($CHOW), has drawn significant attention thanks to its transparent presale process.
ChowWow is a new meme coin built on the popular Solana blockchain that combines utility with rewarding features. Its DeFi token price is $0.0080 per token, and savvy investors have marked it as the best crypto coin ICO for huge profits. The following sections cover details on the Libra facilitator admitting token sniping and why ChowWow’s presale is recording robust investor support.
Hayden Davis Defends Libra (LIBRA) From Controversy
Sniping in cryptocurrency is when automated bots are used to buy a large portion of a newly launched token’s supply. The aim is to sell them when their value increases. After President Milei’s tweet on Friday, February 14, LIBRA’s market reached $4.6 billion and later fell to about $162 million after the post was taken down.
Recently, Libra facilitator and President Milei’s advisor, Hayden Davis admitted that the project’s team sniped it at launch, alleging they did it to prevent other snipers from doing it. Given the controversy behind this project, the crypto market is watching out for how the coin’s price will rebound as they remain cautious.
ChowWow (CHOW) Presale Performance Heightens Investor Confidence
ChowWow’s presale has showcased outstanding growth, raising an impressive amount as investors take advantage of the current price discount of $0.008. With its presale mapped out for ten stages, this early phase is the best time to come in as an early backer because its price will see substantial price upticks as it progresses. As the best cryptocurrency to buy now and as a deflationary token, $CHOW’s token supply is set to reduce over time to support the price increment.
As ChowWow is built on the Solana blockchain, users are assured of quick, secure transactions at affordable rates. Note that to participate in this crypto coin ICO, a minimum purchase of $25 worth of tokens is required. Interestingly, 5% of the token supply is dedicated to airdrops and community rewards for users to benefit more.
ChowWow (CHOW) Offers A Gamified Token Utility
ChowWow is a meme project that integrates gaming features into its token utility. Holders of the CHOW tokens have exclusive access to play-to-earn rewards within the ChowWow gaming kingdom. A share of in-game sales is added to a rewards pool to ensure continuous incentives for its players.
ChowWow introduces a stake-to-earn model for users to lock their tokens for more rewards and provides liquidity for the ecosystem. Interestingly, stakers get to earn an APY of between 8% and 15%, with rewards distributed monthly.
Conclusion
Hayden Davis has admitted that the Libra project team snipped its tokens at launch. Meanwhile, ChowWow is becoming a top pick for investors as its presale gains momentum. For reliability concerns, this project instills trust in its community by undergoing regular third-party audits for credibility and safety measures. Its staking and gaming rewards and well-structured roadmap make it the best cryptocurrency to capitalize on.
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