The Avalanche Blockchain has finally embraced the meme coin frenzy, even though it is a little bit late to the party. 

Evidence shows that developers on Avalanche have now embraced the trend and created their own meme coins, essentially setting a new era on the Avalanche Blockchain. 

This is because prior to this, there have not been many or even any meme coins that was developed on the Avalanche Blockchain as it brands itself as a high quality project that does not indulge in the speculative manner of meme coins but rather focuses its developers and ecosystem on projects that have real values. 

But all things change as currently there are more than 10 meme coins on the Avalanche Ecosystem, one of them is Tech with its token $TECH

What is Tech?

Tech is a meme coin that promotes itself as merely a meme coin project with no value, because it literally states that in their official website. 

There are only two pages on the website, which is to introduce the Tech project as merely a community token with no value including a place to buy it, and information about the token economics of the token. 

The project seems to only want to capitalize on the meme coin frenzy to help bring new volume on the Avalanche Blockchain. 

This is because meme coins are known to bring sudden influx of volume towards a blockchain as evident from the growth of meme coins on Ethereum, BNB Chain, and Solana. 

Tech itself did not explain why it is called Tech, as the project literally states that there is no team or no roadmap behind it. 

The only explanations available are around how to buy them and the token economics of the $TECH Token. 

Token Economics of $TECH

Looking at the image above, it can be seen that the $TECH Token has a huge amount of supply which means that the possibility of the token reaching $1 is literally impossible. 

But it might not be impossible if all of a sudden the team started to develop the project and implemented a burn mechanism to basically reduce the supply by a lot. 

The token supply of $TECH is 69,420,000,000 $TECH which is a lot, so if the price were to reach $1 than the market capitalization of the token will be at $69,420,000,000 which is more than most larger cryptocurrencies that has great fundamentals on them. 

So, as you can see, the token is promoted and will mostly be used as a speculative meme coin in order to drive volume into the Avalanche Blockchain.

Currently you can buy them on the Trader Joe DEX which is the most popular decentralized exchange on the Avalanche Ecosystem. 

However, do not expect much financial gain from this, as the creator themselves said to not expect any returns from it. 

Since there is no team behind it, there is not much marketing that is being done, which is why it might not probably go up as much as most meme coins on other blockchains. 

But who knows, it is better to be safe than sorry, so if you are interested, make sure to buy in early with a capital that you feel safe losing, because while the token will probably not go up as much, if there are sudden publicities being done, the token might surge significantly. 

Official Website

Website: https://www.bitrue.com/

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