What is Luffy (LUFFY) crypto’s ‘trading competition’?

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 What is Luffy (LUFFY) crypto’s ‘trading competition’?
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  • Luffy (LUFFY) was launched in 2021. 
  • It has 8,311 token holders. 
  • It announced its ‘Trading Competition’ at the crypto exchange Gate.io starting from June 23 with a prize pool of US$11,000.

The Luffy (LUFFY) crypto gained more than 6% on Tuesday morning after announcing a ‘Trading Competition’ on the Gate.io crypto exchange.

The LUFFY token was priced at US$0.0000000004744 at 6:57 am ET after announcing its seven-day competition as part of its marketing campaign starting June 23.

Its price rose around 66% over the last three months..   

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The participants can win rewards from a pool of US$11,000 worth of prizes. One must follow, like, and retweet Gate.io and luffyinutoken's official posts to win the rewards.

It has reserved US$7,000 bonuses for the top 200 Luffy token users based on trading volume, and the remaining US$4,000 is kept for new users who register for the Gate.io account and do trading for a minimum of US$50.

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What is the Luffy project?

Luffy (LUFFY) was launched in 2021. In April this year, the project completed the merger of four tokens to become Luffy (V2). These four tokens were Luffy (V1), Chopper, Goku, and Deku. 

The project’s mission is to become the “leader of meme and anime tokens". 

Luffy aims to build an ecosystem where users can participate in a metaverse, play P2E games, and access world-class NFTs besides investing in advanced DeFi platforms and supporting anime artists. Anime in the Japanese language means hand-drawn, computer-generated animation. Luffy claims to offer artists an avenue to earn in the anime industry by creating NFTs.

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Through its marketing campaigns, Luffy collaborates with other blockchain projects, celebrities, and influencers.

It aims to achieve 150,000 Twitter followers and 100,000 token holders in Phase 2 of its roadmap. As of now, it has 8,311 token holders and 73,000 Twitter followers.

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luffy tokenCoinmarketcap.com

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LUFFY token:

The Luffy token is listed in over 10 crypto exchanges, including MEXC, Gate.io, PancakeSwap (V2), CoinTiger, DigiFinex, and XT.com. Its volume shot up by 20.85% to US$7.03 million in the last 24 hours. Its total supply is 100,000 trillion. 

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Bottom line:

The project team will participate in the Crypto Expo Asia 2022, a premier cryptocurrency event to be held in Singapore from June 22-23. 

Luffy, a meme token, has been gaining investors’ attention lately. However, investors should exercise due diligence before investing in digital assets.

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