In a whirlwind presale that has sent ripples of excitement throughout the crypto market, a brand new meme coin has successfully raised a remarkable $370,000 in just 15 hours.
Burn Kenny ($KENNY), inspired by the beloved South Park character, is now getting ready to make its DEX debut once the remaining presale tokens have been sold.
With the DEX launch on the horizon, investors are now speculating that $KENNY could surge when it hits the open market.
$KENNY Rides the Hype Train & Garners Influencer Approval
Ethereum-based token $KENNY has already turned heads in the “shitcoin” space, thanks to its blend of humor and exciting tokenomics.
The token is gaining significant traction, with early investors able to snap up 40% of the total $KENNY supply while the presale is ongoing.
Priced at $0.0001875, this accessible entry point ensures even small-time investors can get involved.
Moreover, $KENNY’s low price has already led to speculation that the token could provide exponential gains once listed on public exchanges.
YouTube analyst Jacob Bury released a video discussing his optimism around $KENNY, even going so far as to brand it a “new 10x potential meme coin”.
The Crypto Whale Pumps Telegram channel, with over 23,000 members, highlighted $KENNY as a “potential moonshot.”
Given these mentions, it’s clear that the Burn Kenny presale has quickly captured the attention of influencers and crypto communities.
With the hype building rapidly, some seem to believe getting behind this micro-cap gem could provide the chance for considerable profits if $KENNY sees a trajectory similar to past meme coin presale launches.
Burn Kenny Tokenomics Set Stage for Colossal Growth
Burn Kenny’s innovative burn mechanism is a crucial factor that could further amplify the token’s value over time.
Just 24 hours after $KENNY’s DEX listing, the burn phase will commence, during which tokens are “burned” and permanently removed from circulation at a rate of 10% per day.
Per the Burn Kenny whitepaper, this will continue until 30% of the total $KENNY supply has been destroyed.
The deflationary model is strategic – as the token supply decreases, the remaining tokens may become more valuable due to supply and demand dynamics.
As such, the artificial scarcity brought about by this Burn Mechanism could help boost $KENNY’s price over time.
Deflationary setups like this have proved successful in the past, with Bitcoin ($BTC) and Shiba Inu ($SHIB) being two prominent examples.
If $KENNY can leverage its burn mechanism to achieve even a fraction of the success achieved by these crypto giants, huge profits could be in store for early adopters.
Burn Kenny Aims to Emulate Success of Predecessor $HANKEY
Burn Kenny’s promise is also based on the success of its predecessor, Mr Hankey Coin ($HANKEY).
The South Park-themed $HANKEY gained huge meme coin community support, leading its presale to sell out in 10 hours.
After this, $HANKEY debuted on Uniswap, where the token’s value rocketed by 3x.
This resounding success hints at the potential of South Park-themed coins that Burn Kenny can tap into.
Furthermore, $KENNY’s liquidity setup has been designed to ensure stability and growth.
A generous 40% of the total $KENNY supply has been allocated to the DEX liquidity pool.
This substantial pool will help traders buy and sell tokens with minimal slippage.
Moreover, Burn Kenny’s team has also instituted a 3-month liquidity lock once the token makes its DEX debut – designed to deter large sell-offs from occurring.
With these measures in place and presale prices of just $0.0001875 per token, early community members believe now is the ideal time to get behind Burn Kenny before its price takes off.
How to Buy $KENNY Token – Quick-Step Guide
Those looking to buy $KENNY through the ongoing presale can do so by following the simple steps outlined below:
- Step 1 – Set Up a Crypto Wallet: Set up a crypto wallet compatible with ERC-20 tokens; for example MetaMask.
- Step 2 – Acquire $ETH or $USDT: Purchase $ETH or $USDT from an exchange, then transfer the tokens into the crypto wallet.
- Step 3 – Connect Wallet to Burn Kenny Presale: Head to Burn Kenny’s website, find the “Buy Now” button and follow the on-screen instructions to link a crypto wallet.
- Step 4 – Enter the desired investment size, then confirm the transaction.
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