What is Donkey (DONKEY)? Meme coin BSC reaches $15 million Capital under the CZ effect and Binance Alpha

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What is DONKYE?
What is DONKYE?

What is Donkey (DONKEY_BSC_MEME)?

Donkey is a newly launched meme coin on the BNB Chain ecosystem, inspired by the Donkey character from the Shrek animated film series. The project aims to create a fun and cohesive community, leveraging the viral power of memes to attract attention in the cryptocurrency market.

How was Donkey Born?

Donkey operates as a BEP-20 token on the BNB Chain network, allowing users to trade and store tokens easily through BEP-20 supported wallets like MetaMask or Trust Wallet.

Donkey's creation came when CZ repeatedly mentioned the word DONKEY while replying to a user's image of his childhood photo, and subsequently continued to mention this word. On May 5th, he even responded to a user's question about whether DONKEY would be listed on Binance Alpha.

CZ responds to a post about DONKEY
CZ responds to a post and mentions DONKEY
CZ continues to shill about DONKEY
CZ continues to shill about DONKEY
CZ responds to a user's question related to DONKEY
CZ responds to a user's question related to DONKEY

Most of this token was likely FOMO'd by the Chinese crypto community, as CZ himself is of Chinese origin and actively interacts with the Chinese community. Shortly after, the DONKEY token was created on the BSC chain. DONKEY even received responses from prominent accounts like @heyibinance and was bought by major KOLs like @Wolfy_XBT.

As soon as the Donkey token was launched, its price was pushed very high. The Chinese community began discussing CZ's interactions with the word "Donkey" and suspected he was involved, which further fueled FOMO as the community believed CZ was behind the token.

DONKEY's Products

Currently, Donkey is primarily focused on community building and has not announced any specific products. However, the project may develop NFT-related or game products in the future to increase token utility.

Highlights

  • Strong Community: Donkey has attracted significant attention from the community immediately after launch.
  • Listed on Exchanges: DONKEY token has been listed on CEX, increasing liquidation for investors, and is also listed on Binance Alpha
  • Fixed Total Supply: DONKEY's total supply is 1,000,000,000 tokens, with no plans for additional issuance, helping to control inflation. (CoinCarp)

DONKEY Token Information

  • Token Name: Donkey
  • Token Code: DONKEY_BSC_MEME
  • Total Supply: 1,000,000,000 DONKEY
  • Circulating Supply: 1,000,000,000 DONKEY

Wallet & Exchange

  • Supported Wallets: MetaMask, Trust Wallet, SafePal
  • Exchanges:
    • KCEX (DONKEY/USDT trading pair)
    • LBank (DONKEY/USDT trading pair)
    • Recently listed on Binance Alpha

Roadmap

Currently, the project has not announced an official development roadmap. (StealthEX)

Development Team

Information about Donkey's development team has not been disclosed.

Investors

The project has not announced information about investors or strategic partners.

Partners

No information is available about Donkey's official partners.

Similar Projects

  • Dogecoin (DOGE): The most famous meme coin, inspired by the Shiba Inu dog.
  • Shiba Inu (SHIB): Another meme coin based on the Shiba Inu dog image, with a strong community.
  • Pepe (PEPE): A meme coin based on the Pepe frog character, famous on online forums.

Assessment

Donkey is a new meme coin with the potential to attract a community through humor and meme virality. However, the lack of information about the development roadmap and the team behind the project are risk factors that investors need to consider.

Frequently Asked Questions

  • Is Donkey an official project from DreamWorks?
    • No, Donkey is a meme coin inspired by the character in the Shrek movie, and is not related to DreamWorks.
  • How to buy DONKEY?
    • You can buy DONKEY on KCEX and LBank exchanges with the DONKEY/USDT trading pair.(CoinCarp)
  • Does Donkey have any product development plans?
    • Currently, the project has not announced any specific product development plans.

Summary

Donkey (DONKEY_BSC_MEME) is a new meme coin on BNB Chain, attracting attention through its humorous elements and dynamic community. However, investors should be cautious and thoroughly research before investing, due to the lack of information about the development roadmap and project team.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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