Shiba Inu ($SHIB) developer, Shytoshi Kusama, has introduced “WHY Combinator,” a decentralized technology pool that helps projects within the cryptocurrency sector answer one simple question.
“Why does this project exist?”
Going forward, WHY Combinator will direct all Shiba Inu community projects, a move that bodes well for tokens with true utility like Solaxy, the token behind the new Solana Layer 2.
Why do we need Why Combinator?
Chitoshi doesn’t want $SHIB and other future projects to be seen as just a useless meme currency. The founder quickly realized the need for the meme currency to be clear very – Something to guide the direction of the token, inspire its community, and make it stand out.
The Shiba Inu is the second largest meme community, and now wants to compete with giants like Ethereum, Solana, and TON.
the Why unified? It can add to their credibility and help identify other projects that have a deep-rooted mission to deliver real value. These projects will in turn validate $SHIB’s “operating system” functionality.
Why is “why” so important?
Launching WHY Combinator doesn’t mean the Shiba Inu team will only back projects that promise to fight climate change, take humanity to Mars, or cure cancer.
There will still be projects that thrive on fun and hype alone. However, having a clear “why” helps with symbolic projects:
- Making strategic decisions
- Promoting loyalty within the community
- Maintain focus during down times
All of this would ultimately help projects within the ecosystem remain viable in the long term.
Why now?
WHY Combinator offering now may just be a natural evolution of the ecosystem, or it may signal a Shibu Inu lead ahead of a bull market.
Favorable regulations and institutional capital flows will certainly continue to drive the growth of larger and more complex cryptocurrency ecosystems.
Perhaps the Shiba Inu wants to prove to its community that it can build impactful apps. And that its ecosystem deserves the attention of whale investors, just like the “boring” networks.
Why is Solaxy the future of Solana?
The battle between pure meme coins and utility-focused tokens that have meme appeal has been going on for some time.
We now see an interesting mix between the top meme coins, with the likes of $PEPE, $WIF and SPX in the former category and $SHIB, $PENGU, $FLOKI and $AI16Z in the latter.
But for New meme coinsIt seems that hype alone has only gotten them so far. Tokens with a clearly defined “why” seem to have higher odds of sticking around in the long term.
Among the new crypto meme projects that realize this tool are Solaxy ($SOLX) – Solana’s first layer -2.
Solaxy promises to infinitely scale Solana and reduce congestion by offloading transactions to its proprietary chain. Greater scalability means lower fees, faster processing times, and an overall smoother experience.
Furthermore, Solaxy is connecting Solana with Ethereum for seamless transfers between two of the leading memecoin blockchains.
Currently in pre-sale, Solaxy has raised $10 million in its first month. $SOLX now costs $0.001598, but the price is set to rise in four hours, so now is the best time to secure your share of tokens at a discounted price.
The “why” factor.
The Shiba Inu’s focus on “why” may be the reason for its current position at the top of the dog list. Now, it’s using “why” to set a new industry standard.
Solaxy is a new meme coin that matches this perfectly. Perhaps the fastest meme network ever, it could unleash Solana’s true potential and attract significant investments. It could also be one of the new ones Low value coins To achieve 10x gains for early investors.
However, the cryptocurrency market is volatile, and there is no guarantee that the project will be successful. Always DYOR and only invest as much as you can afford to lose.