[MEXC Global: For Beginners] What is CAW? Overview and features

About MEXC

CAW will be one of the altcoins to appear in 2022. MEXC will be one of the exchanges that handle the most cryptocurrencies in the world. Therefore, it is possible to invest in such rare coins as they are handled. What are the characteristics of CAW?

What is CAW?

The cryptocurrency CAW is an altcoin that was just released in April 2022. The issuer’s organization or company is completely unknown, and there is no white paper or official website. It is said that there is a relationship with Elon Musk and SHIBA INU (SHIB), and it may be worth investing unexpectedly.

NameA Hunters Dream
Total Coin number666,666,666,666,666

Features of CAWs

CAW has the following features. There may be many uneasy points because it will be a coin with no official website or white paper.

No white paper or official website

The biggest anxiety about CAW is that there is no white paper or official website. Of course, even if there is a white paper, there are people who commit fraud, so it is not possible to guarantee safety, but since there is no information, it is unknown for what purpose the virtual currency was issued.

Listed on major virtual currency exchanges

CAW is said to be reliable because it is listed on the world’s virtual currency exchanges. It is already listed on MEXC, Huobi, Bitrue, etc., and it is possible to actually trade. If the virtual currency was a fraud, listing would be impossible in the first place.

Issuance limit

The issuance limit for CAW is set at 666,666,666CAW. Virtual currencies that do not have an issuance limit set will not maintain their scarcity and are likely to fall in price. Therefore, a system has been built in which CAW can maintain its value to some extent. Virtual currencies with issuance limits set can control circulation and maintain scarcity, so it is thought that the price may rise.

Elon Musk’s involvement

It is rumored that CAW has a close relationship with Elon Musk. Elon Musk is a highly influential figure in the cryptocurrency industry, and his comments often cause the prices of virtual currencies to fluctuate wildly. There is a tweet from Elon Musk that seems to be related to CAW, and this rumor continues.

mysterious project

CAW is developing a decentralized SNS, aiming to create a network where anyone can freely participate without a central administrator. However, as I mentioned above, there are no details about the project and there is no information about the operator, so the current situation is shrouded in mystery in many ways.

The future of CAW

Does CAW have a future? I hope this will be helpful to those who are actually considering investing.

New initiatives using NFT

CAW is expected to work on utilizing the NFT mechanism in SNS apps. The NFT market is becoming overwhelmingly stronger in the 2020s, so it will be important to decide whether to participate in the NFT market in order to strengthen the influence of virtual currencies.

Relationship with SHIBA INU

One of the characteristics of CAW is that it is said to have a relationship with SHIBA INU. It has also come to light that a famous SHIBA INU engineer was sending ETH to the wallet of the CAW project, and it is said that there may be some kind of connection. In the future, if the relationship with SHIBA INU strengthens, the value is expected to rise.

Transparency of operators and projects

Currently, the operator and project details of CAW are not clear. If we are to increase our value in the future, we will need to disclose this information. If CAW’s founder, operator, and project details are revealed, it is likely that there will be a major price change.

Rapid price fluctuations

CAW is just an unknown coin that has just been born. CAW has very high volatility compared to major stocks such as Bitcoin. However, on the other hand, there is a possibility that the price will rise, and you may be able to make a profit by holding it. The opposite is possible, and if the market crashes, you could end up losing a lot of money, so you’ll need to be careful.

CAW trading method

CAW is now available for trading on MEXC. First of all, you need to open a MEXC account, so please open it. You can open an account for free, and it is also introduced in the following article, so I hope you can refer to it.

After opening an account, first log in and go to the home page. From Home, select Physical Trading under the Trading tab.

Source : MEXC

By typing “CAW” from the search bar in the upper right, you can display and trade the corresponding issue.

Source : MEXC