Solciety’s pre-sale was bought at $400k in one week, and Bitcoin dropped to $60k
Key receivers
Bitcoin fell below $59k on Monday as Matt Gox plans to pay some of its customers.
Solcity's 30-day pre-sale started well, grossing $400K in a week.
BTC slips below $59k as buyers take losses.
The cryptocurrency market has had a weak start to the week, with Bitcoin and other major cryptocurrencies currently in the red. Bitcoin, the market leader in value, lost more than 4 percent to below $59,000 on Monday.
Gox's poor performance comes as it announced payment plans that could dump more than 140,000 bitcoins into the market since July. Some investors believe that the Mt. Gox bitcoins speculate that they may cause the price of Bitcoin to drop. At press time, The price of Bitcoin It reached $60,520.
What is Solcity?
Despite the general trend of the market being weak this week, the market is still in a bullish cycle and interesting projects continue to emerge. It is one project that investors can keep an eye on. Society.
Solcity is a meme coin that wants to be a leader in the PolitiFi meme ecosystem. According to the development team, Solcity wants to be the first political party of Degnas. This meme coin has the only real world currency attached to it: attention. The project wants to be a platform to spread the broken gospel on the Twitterverse.
Community development plans
Although Solcity started as a meme coin, it offers value to both investors and users. Society It offers Meme Campaigner, a tool that allows users to create their own meme coins. The tool provides users with more than 200 features, backgrounds and fonts.
According to the development team, the tool allows users to create and share memes on Twitter to earn points. Users get one point for each meme shared, the points are accumulated and the top ten users get presale tokens.
The Solciety pre-sale has started and will last for 30 days only. Funds raised from the pre-sale round will go towards developing new devices like Solciety's AR. The augmented reality device allows users to view their weird and wonderful memorabilia overlaid on the real world.
Additionally, some of the funds will be used to develop Solcity AI, which will launch in the first quarter of 2025. AI leverages natural language programs to automatically generate descriptions and translate memories into other languages.
Solcity collects 400 thousand dollars per week
of Society The pre-sale started a week ago and has already reached a significant milestone. To date, the presale has raised $399,588.
The pre-sale runs for 30 days and has ten stages. Early investors got a huge discount at $0.000963 in the first phase.
The presale is currently in its third stage, with the SCLTY token going for $0.002222. The price of the SLCTY token increases every 72 hours, with early investors enjoying an impressive 125% price increase before the pre-sale ends.
According to the project Tokenomics, the pre-sale will offer 30% of its supply of 3 billion tokens to early investors. Meanwhile, 20% of tokens are allocated for marketing and 10% for community rewards and incentive programs. Finally, liquidity accounts for 17%.
Should you buy SLCTY token?
Memcoins have become an important part of the crypto ecosystem due to their massive adoption by cryptocurrencies. Solana is home to some of the crypto ecosystem's leading meme coins and DeFi protocols thanks to transaction speed, security and transparency.
By launching on the Solana blockchain, Society It is using the features of the network to provide unique facilities to its users. SLCTY is launching in the growing PolitiFi ecosystem and could see significant growth as elections in the US and parts of Europe approach.
By allowing users to create their own meme tokens and share them on social media platforms, Solciety is promoting quality content creation and the Degen movement. Its own SCLTY token could be the leading meme coin with the right level of adoption.
