Key Takeaways:
- Featuring the Corgi breed, CorgiAI stands out as a dog-themed meme coin that’s elevated with artificial intelligence utility.
- Launched with a vision to create a community-focused ecosystem, CorgiAI’s value skyrocketed by over 5,300% from fall 2023 into early 2024, establishing it as an ascending player in the cryptocurrency market.
- Features like staking, strategic token burns, and community contests are designed to enhance CorgiAI’s long-term value and user engagement.
- AI-enhanced features like Corgi Cre8r and an upcoming AI marketplace promote interaction and engagement within its network.
What Is CorgiAI (CORGIAI)?
Fusing elements of artificial intelligence (AI) and meme culture, CorgiAI is a dog-themed meme coin featuring a Corgi in sunglasses. While many meme coins have no utility, CORGIAI is using AI to create tools for its ecosystem, enriching user experience and engagement.
Debuting in June 2023, CorgiAI is the first project launched on the Cronos blockchain and is part of the Cronos Accelerator Programme. While its founders are unknown except to Cronos Labs, they refer to themselves in their white paper as “seasoned builders and top tier marketing individuals in the cryptocurrency space.”
From 1 November 2023 through the spring of 2024, CorgiAI’s market value soared more than 5,300% as it gained traction within the cryptocurrency community, appealing to both meme enthusiasts and tech-savvy traders. Its increased availability on major exchanges like Crypto.com during this period have added to its visibility and popularity.
How Does CorgiAI Work and Why Is It Gaining in Popularity?
CorgiAI is part of the Cronos ecosystem, an Ethereum Virtual Machine (EVM)-compatible blockchain that supports the Inter-Blockchain Communication Protocol (IBC). This allows CorgiAI to trade on not only the Cronos blockchain but other EVM-compatible blockchains, as well. Currently, CORGIAI is available on the Cronos, Ethereum, and Solana blockchains.
CorgiAI’s founders say they are committed to a community-first strategy, providing incentives for holding and staking CORGIAI along with a variety of AI tools for supporters to use.
CorgiAI’s Tokenomics and Community Engagement Strategies
CorgiAI launched with a supply of 500 billion tokens, allocating 65% to community management and 35% to liquidity management. By including both staking and burning mechanisms, the token encourages members of the community to follow a buy-and-hold strategy.
Staking Mechanism
Through its CorgiAI Vault programme, holders can commit to staking their tokens for set periods of time in exchange for annual percentage yields (APY). For example, a 12-month stake currently generates a return of 39.38% in CORGIAI. Of course, the actual yield in value depends on where CORGIAI is trading at the time of maturity — you can check out current yield from the token’s Earn page.
Token Burn Mechanism
Another significant feature of CorgiAI’s tokenomics is the burning of tokens at specific community milestones. This strategy helps reduce the overall token supply, potentially increasing the value of CORGIAI through a deflationary model. Some of these burn milestones include:
- Staking Milestones: CorgiAI burned 40 million tokens when the staked amount reached 4 billion, and 50 million tokens when it reached 5 billion. Further milestones are currently in place for additional burns up to 8 billion staked CORGIAI.
- Holder Milestones: More burns will occur when the number of token holders reaches certain thresholds, such as 50,000 holders, 52,500 holders, and 55,000 holders, with each milestone triggering a burn of 100 million CORGIAI.
- Social Media and Community Growth Milestones: Building the online community also triggers token burns. For example, reaching 7,000, 7,500, and then 8,000 followers on X led to 225 million tokens burned. Another 150 million tokens were burned thanks to reaching milestones in Discord membership.
As of writing, more than US$1.12 billion in CORGIAI tokens have been burned and are permanently taken out of the supply as a result of these accomplishments, reflecting CorgiAI’s commitment to enhancing token value as part of its strategy to incentivise and reward community engagement.
CorgiAI Ecosystem and Community
The CorgiAI team communicates with its community through active social media engagement and additional incentive programmes. Highlights of these opportunities include airdrops, a meme contest, and a grant programme for supporters looking to use CorgiAI to launch their own digital meme projects.
CorgiAI Utility
Within the CorgiAI ecosystem, central to the mission is the development of AI-driven tools designed to enhance user experience and provide added value. While most are still on the roadmap, here is what the community currently envisions:
- Corgi Cre8r: Launched in January 2024, Corgi Cre8r is an AI text-to-image generator traders can use to create artwork for NFTs. Since the token uses the BRC-20 standard, a user can actually release and sell their NFTs directly through CorgiAI.
- The Top Dog NFT Collection: An implementation of Corgi Cre8r, the team has an initial set of AI-generated, Corgi-themed NFTs available for sale.
- The Corgi Louvre Museum: An upcoming NFT gallery for AI-generated images showcasing the talents and creativity of the members of the CorgiAI community.
- AI Job Board: A future job and gig board for members of the community to offer their services in AI across disciplines like prompt engineering, art, coding, and data analysis.
The CorgiAI team believes that these offerings are just the beginning. It hopes to leverage AI and the community to devise game-changing ways to combine cryptocurrencies and artificial intelligence technology.
Where Will CORGIAI Be in 2024?
Merging AI and meme culture, along with a robust community engagement strategy, CorgiAI is one of the most successful meme coins by market cap. Its future hinges on factors like market trends, technological developments within its ecosystem, community excitement, and the broader adoption of its AI-enhanced features. When adding in market factors, such as increased interest in the meme coin space and the impact of the April 2024 Bitcoin halving event on the altcoin market, it’s easy to imagine that CorgiAI could reach new heights over the next few years.
While these factors suggest a promising outlook for CORGIAI in 2024, it’s important to remain cautious and adaptable to changing market conditions. The volatile nature of cryptocurrencies, especially meme coins, means that their potential for gains comes with significant risks. Unanticipated events or changes in the macroeconomic environment could drive CORGIAI in either direction.
How to Buy CorgiAI With Crypto.com
Opening a position in CORGIAI is easy using the Crypto.com App, which offers over 250 cryptocurrencies, from meme coins like Dogecoin and Shiba Inu to Bitcoin, Ethereum, Solana, and Ripple. Fund an account with one of 20-plus fiat currencies like USD, GBP, and EUR.
Just follow these simple steps:
- Download the Crypto.com App, available free on the Apple App Store or Google Play Store.
- Complete the simple sign-up process.
- Fund your account using bank transfer, Apple Pay, or a debit or credit card. Allow 1-3 business days for bank transfers.
- Once funds hit your account, start buying CORGIAI.
Conclusion — Should You Buy CorgiAI?
CorgiAI blends the exciting worlds of meme coins and artificial intelligence, making it an intriguing option for cryptocurrency traders who want to take advantage of opportunities for social engagement and technological advancement. Its staking, burning, and incentive programmes show additional potential for appreciation over time.
While CorgiAI has significant potential for growth, meme coins can be extremely volatile. Anyone considering a position in CORGIAI should always consider their investment goals and risk tolerance.
Due Diligence and Do Your Own Research
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Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
