Tiger King Coin: Worth Investing Or Just Hype?

is tiger king coin a good investment

Tiger King Coin (TKING) is a unique cryptocurrency in the crypto-sphere, originally born to support tiger conservation efforts. TKING is the first official big cat coin, representing the Year of the Tiger. It is also the official cryptocurrency of the Netflix documentary series 'Tiger King', which focuses on the controversial zookeeper Joe Exotic, who endorsed the coin before receiving a 22-year prison sentence in 2020 for multiple violations of animal welfare laws. The coin has gained traction due to its association with the series, and its price soared by over 200% overnight in July 2021. With a total supply of 900 billion tokens, it is still one of the cheapest altcoins available for under $1. TKING is available as an ERC20 token on the Ethereum blockchain and a BEP20 token on the Binance Smart Chain. It can be purchased on decentralised and centralised exchanges, including PancakeSwap and 1Inch Exchange.

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Tiger King Coin's value and price history

Tiger King Coin ($TKING) is a unique cryptocurrency born to support tiger conservation efforts. It is the first official big cat coin and was launched in the year of the tiger. A portion of all proceeds from the coin goes towards saving tigers.

The coin was created by Joe Exotic, an American media personality, former exotic animal park owner, and convicted felon. Joe Exotic is currently serving a 22-year prison sentence for multiple violations of animal welfare laws, among other offences. The coin was launched in part to support Joe Exotic, with some of the proceeds going towards his legal fees and medical costs.

The Tiger King Coin debuted in May 2021 and quickly gained attention, with its price soaring by over 200% overnight. It is still one of the cheapest altcoins available, with a price of $ <0.000001 per (TKING / USD) as of July 2024. The coin has a total supply of 900,000,000,000 tokens, with 645,999,263,731 in circulation as of July 2024.

The Tiger King Coin community, known as TIGERFORCES, has a variety of projects and applications in development, including:

  • Tiger Kingdom: A multi-faceted Metaverse project built on Minecraft, with plans to expand into other metaverse worlds.
  • NFTKings: Community-built NFTs that complement the Tiger Kingdom metaverse experience and offer exclusive perks and access.
  • ChainChat: A private wallet-to-wallet messaging application with an integrated escrow service for negotiating prices on NFTs and other assets.
  • EtherLIFT: A gas fee sponsorship application that helps advertisers reach users on the Ethereum platform.
  • TigerTracks: A graphical representation of blockchain data, allowing users to visually track and explore transactions, holdings, and interactions.
  • Tiger King Coin Gamepad: A gaming ecosystem for $TKING holders, featuring games where players can bet their tokens and win prizes.

The Tiger King Coin has gained significant media coverage and has a dedicated community of over 16,000 holders. It is available on decentralised (DEX) and centralised (CEX) exchanges, including Uniswap, PancakeSwap, and Bibox.

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The Tiger King Coin community

  • Tiger Kingdom: A multi-faceted Metaverse project built on Minecraft, with plans to expand into other metaverse worlds.
  • NFTKings: Community-built NFTs that complement the metaverse experience and offer exclusive perks and access.
  • ChainChat: A multichain dApp that enables private wallet-to-wallet messaging and escrow services, making it easier for NFT buyers and sellers to communicate and negotiate without brokerage fees.
  • EtherLIFT: A gas fee sponsorship application that helps advertisers reach users of the Ethereum blockchain.
  • TigerTracks: A graphical representation of blockchain data, designed to assist cryptocurrency traders in generating documents for tax filings.
  • Tiger Forces - Into the Wild: A pay-to-play, PvP gaming universe.

As of July 2024, the live price of Tiger King Coin is $ <0.000001 per (TKING / USD) with a market cap of $ 295,707.59 USD. The 24-hour trading volume is $ 158.85 USD, and the circulating supply is 646 billion.

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TKING's availability on exchanges

TKING is available for trading on several exchanges. These include Uniswap V3 (Ethereum), 0x Protocol, DODO, 1inch Exchange, Bibox, and PancakeSwap v2 (BSC).

Uniswap is a decentralised exchange that allows users to trade Ethereum tokens. It uses smart contracts to facilitate trades between users, and users can also provide liquidity to the platform by staking their tokens in liquidity pools.

DODO is another decentralised exchange, which uses Proactive Market Makers to provide on-chain liquidity. It supports trading on both Ethereum and Binance Smart Chain.

1inch Exchange is a decentralised exchange aggregator, which means it pulls liquidity from a variety of sources, including other DEXs like Uniswap and SushiSwap, to offer users the best rates for their trades.

Bibox is a more traditional centralised exchange, which offers a variety of trading pairs and supports multiple fiat currencies.

PancakeSwap is a decentralised exchange built on the Binance Smart Chain. It allows users to swap BEP-20 tokens and provides other features like yield farming and lottery games.

While TKING is not listed on Binance, its price is updated in real-time on the platform, and users can refer to the "How to Buy Tiger King Coin" guide for more information on purchasing TKING.

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The token burn program

Tiger King Coin ($TKING) is a unique cryptocurrency token that was created to support tigers and the community. TKING is also the first official big cat coin, released during the Year of the Tiger. The token is available as an ERC20 token on the Ethereum blockchain and a BEP20 token on the Binance Smart Chain. It can be purchased on Decentralized (DEX) and Centralized (CEX) Exchanges.

The Tiger King Coin team has implemented a comprehensive token burn strategy to ensure the long-term sustainability and attractiveness of their token offering. Here's an overview of their token burn program:

  • Burn Events: The Tiger King Coin team organizes periodic burn events, during which a significant number of tokens are removed from circulation. These events are typically announced in advance and are designed to boost investor confidence and create a deflationary effect on the token's supply.
  • Transaction Fees: A small portion of the transaction fees collected by the platform may be used to fund token burns. This approach ensures a consistent and ongoing reduction in the total token supply over time.
  • Partnerships and Collaborations: Tiger King Coin may partner with other projects or organizations, where a portion of the proceeds from collaborations could be allocated to token burns. This not only helps with sustainability but also reinforces the project's commitment to tiger conservation and community support.
  • Community Votes and Proposals: The Tiger King Coin community plays an active role in governance decisions, including token burn policies. Through community votes and proposals, token holders can influence the timing, frequency, and amount of tokens burned, ensuring a democratic and transparent process.
  • Milestone Celebrations: To commemorate significant milestones, such as reaching certain donation goals or community milestones, the platform may conduct special token burn events. These events not only celebrate the achievements of the project but also reinforce the team's dedication to reducing the token supply and increasing its value.
  • Anti-Inflation Mechanism: Token burns serve as an effective anti-inflation mechanism by reducing the total supply. This, in turn, can help maintain the purchasing power of the token and make it more attractive to investors who are seeking stable and deflationary assets.
  • Token Buyback and Burn: The platform may engage in token buyback programs, where they purchase tokens from the open market and subsequently burn them. This approach can help stabilize the token price during periods of high volatility and reinforce the project's long-term viability.

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TKING's use cases

TKING has multiple use cases, which are outlined below:

Tiger Kingdom

Tiger Kingdom is a multi-faceted metaverse project. The first iteration of Tiger Kingdom is built on Minecraft, with an expansion into multiple other metaverse worlds coming soon.

NFTKings

#NFTKings are community-built NFTs that complement the metaverse experience. Ownership of just one #NFTKing grants exclusive access to perks, events, and more.

ChainChat

ChainChat is a private wallet-to-wallet messaging application with an integrated escrow service. This enables NFT buyers and sellers to communicate, negotiate prices, and complete swaps within the same application, eliminating brokerage fees.

EtherLIFT

EtherLIFT is a gas fee sponsorship application that helps advertisers reach users on the Ethereum platform. After a transaction, users can watch ads in return for credits that can be used for ETH, NFTs, or discount codes for affiliated brands.

TigerTracks

TigerTracks is a graphical representation of blockchain data. It allows users to visually track and explore transactions, holdings, and interactions on the blockchain. The transactional connections between wallets, exchanges, contracts, and other objects are visually weighted to represent the number and size of transactions.

Tiger Forces - Into the Wild

Tiger Forces - Into the Wild is a pay-to-play, player-versus-player (PvP) gaming universe.

Frequently asked questions

Tiger King Coin (TKING) is a digital currency created by Joe Exotic, an American media personality, former exotic animal park owner, and convicted felon. It is also the first official big cat coin and represents the Year of the Tiger.

Tiger King Coin is backed by YouTuber and Dogecoin investor Matt Wallace, who said that it is one of his largest crypto holdings. Tiger King Coin has a token burn program intended to control inflation. However, there is no guarantee that the altcoin will continue to rise or have Dogecoin's staying power.

Tiger King Coin is available for trading on a Uniswap (V3), 0x Protocol, DODO, 1inch Exchange and more. It is also available on Decentralized (DEX) and Centralized (CEX) Exchanges.

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