What is Neiro Ethereum? Everything you need to know

Neiro Ethereum is a meme coin inspired by the famous “Doge” meme that gained popularity in the cryptocurrency world. However, does this new meme coin have the potential to follow in Dogecoin footsteps? 

This article of AZCoin will provide a comprehensive overview of Neiro Ethereum, including its history, standout features and investment potential.

What is Neiro Ethereum?

Neiro Ethereum is a meme coin based on the Ethereum blockchain. It was inspired by Neiro, a Shiba Inu adopted by Atsuko Sato, who also owned Kabosu, the original dog behind the Doge meme. While the Neiro Ethereum token capitalizes on the meme culture, it has quickly garnered attention in the crypto community due to its unique appeal and community-driven aspects.

History of Neiro Ethereum

The origins of Neiro Ethereum are deeply tied to the Doge phenomenon. Kabosu, the Shiba Inu that inspired Dogecoin, passed away in May 2024. Shortly after, Atsuko Sato, Kabosu’s owner, adopted Neiro, another Shiba Inu. This event sparked a frenzy in the crypto world, leading to the creation of multiple Neiro-themed tokens. Among them, Neiro Ethereum emerged as the leading one, debuting on the Ethereum blockchain within hours after the adoption was announced.

In just four days, Neiro Ethereum market capitalization soared past $200 million, outshining its counterparts on other blockchains such as Solana. Its rapid success helped solidify its position in the meme coin space, attracting thousands of holders.

How Neiro Ethereum work

Neiro Ethereum operates like most other tokens on the Ethereum blockchain. It uses a decentralized structure where the community plays a central role in determining the value of the token. The coin has a fixed supply of 1 billion tokens and no more can be minted. This finite supply, combined with the strong community backing, helps maintain its value and prevent inflation.

What’s unique about Neiro Ethereum is its tax-free mechanism. There aren’t fees for buying or selling the token, making it an attractive choice for traders and investors. Additionally, the contract is immutable, meaning no external party can alter its structure or introduce new taxes, ensuring long-term transparency.

Outstanding advantages of Neiro Ethereum

Below are some outstanding advantages of the Neiro Ethereum project:

• Rapid growth: Neiro Ethereum has seen impressive price growth in a short period of time since its launch. This has attracted the attention of many investors.
• Vibrant community: The project has a large and active user community on social media platforms. Community interaction plays a vital role in promoting the development of the project.
• Potential to become a top meme coin: With its rapid growth and community interest, Neiro Ethereum could become one of the top meme coin in the market.
• Built on Ethereum: Being built on Ethereum gives Neiro Ethereum many advantages, such as high security, interoperability with other applications on Ethereum and a large user community.

Basic information about NEIRO token

What is an NEIRO token?

NEIRO token is the official cryptocurrency of the Neiro Ethereum project. It functions as the utility token within the Neiro ecosystem, allowing holders to participate in the community and potentially benefit from its growth.

Technical parameters

• Token code name: Neiro Ethereum
• Ticker: NEIRO
• Token type: Utility, Governance Token
• Blockchain: Ethereum
• Contract: 0xee2a03aa6dacf51c18679c516ad5283d8e7c2637
• Total supply: 1,000,000,000 NEIRO
• Market Cap: $127,231,903
• Circulating Supply: 1,000,000,000 NEIRO
• Fully diluted market cap: $127,211,085
• Volume 24h (16/09/2024): $43,896,181

NEIRO token allocation

The NEIRO tokens were distributed as follows:

• 50% of the total supply was available for public sale during the presale event.
• 4% of the total supply was airdropped to Ethereum founder Vitalik Buterin.
• 10% is reserved for partnerships and future development.
• 36% is allocated for community incentives and rewards.

Where is NEIRO traded?

NEIRO tokens are available on several best crypto exchanges, including UniSwap, MEXC, Bitget and LBank. These platforms offer a range of trading options and the coin’s liquidity has increased since its launch.

Secure NEIRO token storage wallet

To securely store NEIRO tokens, investors can use any Ethereum-compatible wallet, such as MetaMask, Trust Wallet or Ledger hardware wallets. These wallets support ERC-20 tokens, providing users with full control over their assets.

Team development, inventors and partner of Neiro Ethereum

Team development

The Neiro Ethereum team remains anonymous. However, the project’s transparency and its community-driven nature are emphasized. Information about the development team may be updated by AZCoin as the project evolves.

Inventors

Although no institutional investors have been disclosed, Neiro Ethereum has garnered attention from key players in the crypto world. Its presale attracted significant interest, with large volumes being purchased by some of the earliest backers.

Partner

Neiro Ethereum has established partnerships with Kenzo Labs and Ave.ai, two well-known names in the blockchain industry. These partnerships have provided the project with resources and technical support to improve its infrastructure and expand its reach.

Should I invest in the NEIRO project?

NEIRO shows great potential for growth. Based on current trends, the token could reach a market capitalization of $500 million within the next six months, offering significant upside for early investors. As the community grows, so does the value of the token, which is largely community-driven. 

However, like all meme coins, NEIRO ETH carries inherent risks and investors should be cautious and invest only what they can afford to lose.

Summary

Above is the information that AZCoin has compiled about the NEIRO project. Hopefully through this article, you have an overview of this potential meme coin. NEIRO ETH offers an interesting investment opportunity for those who believe in the power of community and meme culture.