The Major Differences Between $PUSS💥 And $DOGE

in hive-165987 •  6 days ago 

INTRODUCTION

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Puss Coin and Shiba Inu are two cryptocurrencies that have managed to gather quite a buzz around them due to their community driven features and branding. Though they are both considered alternative coins (“altcoins”) and have fun themes, their functions, uses and target customers are very different. These similarities and differences are crucial for investors and enthusiasts as they seek to understand their engagement with each project.

Shiba Inu, that is famous as the “Dogecoin killer”, is still a meme coin but with a strong community and an expanding ecosystem that consists of elements such as ShibaSwap, NFTs, and a triad of tokens (SHIB, LEASH, and BONE) that can be classified under Decentralized Finance (DeFi). It has transformed to a much bigger ecosystem hoping to add value other than the meme it was created for.

Contrary and opposite, Puss Coin which is a new player, seeks to target specific crowds, perhaps concentrating on community led growth or even on a specific vertical. Those features related to branding as well as the mission itself appear to be quite useful for those willing to opt out of traditional meme tokens. These two appear to be quite different in terms of ecosystem, tokenomics and community engagement.

  • AIM AND ECOSYSTEM BUILDING

Shiba Inu has grown from a being a meme coin to a robust ecosystem. It has also launched ShibaSwap, a decentralized exchange (DEX) and made forays into the NFT space through initiatives like Shiboshis. Its three-token model (SHIB, LEASH and BONE) allows for governance, liquidity and the growth of the ecosystem. These features make it not just another meme out-sourced economy.

In contrast, Puss Coin may be targeted at micro segments, also at specific use cases like particular segments and community focused applications. Its objective would probably be quite narrowed down as compared to the Shiba Inu ecosystem but would still be booming in scope with features and solutions meant for for a particular segment of audience.

To achieve success Puss Coin will have to develop and target a certain niche market, while Shiba Inu targets large masses through multiple services.

  • BRANDING AND COMMUNITY OUTREACH

Shiba Inu's marketing of dog themed products is aimed at attracting meme fans as well as inexperienced cryptocurrency users. Its pet-like branding and a long standing active community led to the brand going ‘viral’ and now has matured into popular culture even outside of the crypto world. Its followers, which refer to themselves as the “ShibArmy”, have a high degree of influence in increasing the token visibility and adoption.

Similarly, Puss Coin, their branding being centered around cats, hopes to capture a niche but also must focus on cat or culture specific linkages but a very similar lighthearted and meme centered appeal is expected to be there. This branding can work on people who want a break from the only dog centric meme coins and build a stronger thumb in the market.

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While both of the coins are heavily reliant on community outreach and contribution, Shiba Inu sits better because it is well known which implies it is easy for it to penetrate new markets while Puss Coin markets itself by targeting a more niche market and aims to establish itself in that.

  • TOKENOMICS AND SUPPLY

Famous for its huge total supply which is set to one quadrillion tokens in the beginning, Shiba Inu tokenomics strategy included burning cuts of its raw amount and providing liquidity rewards which helped to secure its supply and price in the long run. Furthermore, SHIB remains in the multi-token model where its utility and governance are supported with LEASH and BONE.

The tokenomics of Puss Coin’s will differ as well, possibly with lower coin supply and new distribution or reward mechanisms created for its audience. Its economic model will determine its catchment and retention of users, even more so if it intends to play in the meme coin space.

This difference in tokenomics confirms that Shiba Inu intends to create an ecosystem that has a variety of utilities while in the case of Puss Coin there may be focus on simplicity and accessibility in terms of use cases of the design.

  • POPULAR USE CASES

Shiba Inu has a wider scope of application than simply being a meme coin. It provides DeFi capabilities − through ShibaSwap, governance through BONE, creates and trades NFTs. Such use cases is giving it a standing of a multi-dimensional project which can be evolving in many aspects.

Puss Coin, considering the direction it takes on its development may be particular on some use cases like community projects, targeted payments, or other market variations targeting particular areas. Its use will majorly depend on its development plan and ability to implement different non-competing aspects.

Shiba Inu, with its assorted of use cases appeals to wider classes of the general public, while the scope of Puss Coin is on creating solutions catering for selected market niche or community.

CONCLUSION

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Puss Coin and Shiba Inu provide two sides of the image in the cryptocurrency space. While Shiba Inu has a focus on deploying a wide eco system of applications, Puss Coin aims to be analytical and target a specific segment of the audience. As for Shiba Inu it is definitely going to shine in the area of meme coins due to its powerful fan base, range of utilities and presence in the market. However, Puss Coin has to carve out a distinct space for itself through smart advertising, original design concepts, and active interaction in the relevant circles. It is notable that both coins showcase the artistic wonder and communal efforts in the development of the crypto currency world.

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Upvoted! Thank you for supporting witness @jswit.

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Even though they might be looking similar, but they are very much different for me and I believe puss coin have a bright future ahead

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Regards,
@jueco