JP Morgan has finally entered the blockchain world with the recent launch of its on-chain-based tokenization app, the Tokenized Collateral Network (TCN). After months of speculation, the new platform settled its first trade for the asset management giant BlackRock.
Experts are speculating about the impact of JP Morgan's move into the blockchain world and what it means for the rest of the crypto market. In particular, it will have a profound positive impact on fledgling stars such as the AI-powered autonomous marketing meme coin platform Shiba Memu. This highly sought after project continues to win hearts and minds in the final weeks of its presale event, concluding on the 31st October.
JP Morgan could now spark renewed interest in crypto markets with TCN, something that would benefit the likes of Shiba Memu. Its unique value proposition already appears destined to reach 100x growth potential.
JP Morgan’s revolutionary TCN app is a game-changer
JP Morgan’s move into the blockchain sector is no great surprise, but it certainly adds plenty of credence to the ongoing battle crypto platforms have over being taken seriously. Their release of TCN allows traders to transfer collateral ownership using digital assets without moving them into underlying ledgers.
The first transfer between JP Morgan and BlackRock saw TCN turn shares of a money market fund into digital tokens. The tokens were transferred to Barclays as security for a derivatives exchange between the two venture capitalist firms. With TCN having been tested internally 18 months ago, it is now working through a considerable pipeline of other transactions for clients. Its decentralized solutions make the entire process faster, more efficient, and more secure.
After being a long-time critic of decentralized financial solutions and the blockchain, JP Morgan is now involved in testing and launching more DeFi services, with demand snowballing. There now appears to be no turning back for the US banking giant in a huge move that looks set to have far-reaching ramifications for the future of cryptocurrencies.
What is Shiba Memu?
Shiba Memu is positioning itself to be the face of the next generation of meme coins by using cutting-edge artificial intelligence technology and fusing it with the light-hearted appeal of meme coins. The result is a unique crypto project generating serious momentum during its token ICO, already raising $4.1m.
Big hitters such as Dogecoin rely on colossal marketing efforts and mobilizing a massive community of backers to grow their market share initially. However, once the hype diminishes, most meme coins lose ground rapidly. On the other hand, Shiba Memu is a pup with staying power. Indeed, in contrast to Pepe Coin — which perfectly illustrates the boom and bust nature of many meme coins — Shiba Memu offers a compelling cocktail of innovation, utility, and outstanding tokenomics.
Using new AI technology such as natural language processing (NLP) and sentiment analysis, Shiba Memu scours the internet to sniff out organic mentions of it and its token SHMU. This process happens across all social media, online forums, and web communities. Investor sentiment towards the coin is assessed to determine whether people’s views are positive or negative; data is then injected into a complex algorithmic analytics tool to generate custom marketing responses autonomously.
Shiba Memu rolls out these promotional campaigns across the internet to improve investor sentiment and grow the Shiba Memu community. The ultimate aim is to increase the coin's value over the long term. As a result, Shiba Memu is no flash in the pan; rather, it’s a clever canine that’s here to stay.
How does Shiba Memu (SHMU) work?
The beating heart of Shiba Memu is provided with the native SHMU token. It brings a compelling deflationary tokenomics mechanism to limit supply and maintain buying pressure. Of the two billion coins minted, only half will remain in circulation. Of those remaining, 85% will be dedicated to the ICO, 10% to crypto exchange listings, and to staking yield. The rest go to the project team.
Meanwhile, the SHMU token is an essential factor in unlocking the total value of Shiba Memu. For example, holders can view an AI-enabled interactive dashboard to review the progress of online interactions across the internet and provide feedback on its efforts. Meanwhile, they can enjoy earning SHMU token rewards by staking their holding in return for a passive yield. Additionally, the community can make suggestions on improvements to the marketing and receive token rewards if those suggestions are implemented.
The Shiba Memu ICO
Shiba Memu’s uniqueness extends to its presale event that launched in July. Originally due to last 60 days, the SHMU token presale has provided investors with daily price rises of $0.000225. After launching at $0.011125, day-one investors had accumulated gains of 119.33% by day 60.
Due to the unprecedented demand generated by the opening two months of the presale, Shiba Memu extended its ICO, allowing latecomers to see quick gains from the day of purchase, incentivizing early action. In addition, Shiba Memu has been able to maximize its liquidity drive while early-stage investors can potentially increase their yield until the presale ends.
Returns can still be made by investors belatedly tuning into Shiba Memu today. The presale extension is until the 31st October. SHMU token's performance once it hits the Bitmart exchange and the wider public consciousness should be impressive.
As JP Morgan ventures into the blockchain, Shiba Memu has 100x potential
JP Morgan’s move into the blockchain with its asset tokenization app is a massive feather in the blockchain’s cap. This move provides further ammunition to help silence the skeptics and naysayers. While projects throughout the crypto market will likely benefit from this development, high-potential, high-utility meme coins such as Shiba Memu could go stratospheric.
Already driving sizable gains for early-stage investors throughout the crypto ICO, Shiba Memu looks likely to redefine the crypto landscape and meme coin sector for new generations of coins. With an expected bull market looming just over the horizon in 2025, Shiba Memu has everything it needs. SHMU is ready for a potential 100x return for the earliest investors and to charge to the top of the meme coin charts over the longer term.
With the opportunity to take part in the SHMU crypto ICO ending on 31st October, today is the time to act.
You can participate in the SHMU presale now.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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