What is Luffy (LUFFY) crypto and why is it gaining attention?

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What is Luffy (LUFFY) crypto and why is it gaining attention?

Luffy Crypto
Image source: © Kanawat | Megapixl.com
Highlights 
  • Luffy was launched in 2021 with a mission to revolutionize the crypto-verse and create an ecosystem combined with its own blockchain.
  • In April 2022, it successfully completed a multi-token merger. The four tokens Luffy (V1), Chopper, Goku, and Deku, have become Luffy (V2).
  • There are more than 5,400 LUFFY token holders currently. 

Luffy (LUFFY) gathered traction and rose 3.45% to US$0.0000000006539 at 8:08 am ET on Wednesday. The uptick in volume by around 27% in 24 hours is because of partnerships, listings, and other promotional activities lately. 

What is Luffy?

Luffy was launched in 2021 with a mission to revolutionize the crypto-verse and create an ecosystem combined with its own blockchain. Luffy, as an ecosystem, wants to create a safe and exciting space for investors and fans by offering modernized tooling, advanced DeFi platforms, P2E gaming, metaverse, education and world-class artwork and a marketplace to support underpaid artists. 

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In April 2022, it successfully completed a multi-token merger. The four tokens, Luffy (V1), Chopper, Goku, and Deku, have become Luffy (V2) with a mission to become the meme and anime tokens leader.

Luffy is a registered company founded by Terry Bauer. As per its roadmap, the project is currently under phase 2. 

Its ecosystem has eight utilities: NFT Marketplace, Land of Kai, Crypto Academy, Anime Mask, Anime Swap, Anime Dext, Multiverse Studio, and Luffy Blockchain.  

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Luffy CryptoData Source: coinmarketcap.com

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LUFFY token:

LUFFY token was first built on the Ethereum Network to stay decentralized, but with the growth of the BNB Chain, it decided to build ETH/BNB bridge which may be launched this month. 

Its total supply is 100,000 trillion LUFFYs. It is a deflationary token with a burning mechanism.

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As per its whitepaper, more than 31% of its total supply has been burnt. The burning rate is expected to reach 70% by the end of 2025.  

There are 5,404 holders of the token. LUFFY is available on CoinTiger, Gate.io, XT.COM, and MEXC, among other crypto exchanges. 

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Bottom line:

The anime industry may be worth millions, but the artists are either underpaid or overworked with many years of experience. Luffy intends to support the artists to generate revenue for themselves through its platform.

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