A new meme coin project has been attracting attention from retail investors in the past few weeks.
Combining artificial intelligence features with clever branding, WienerAI (WAI) has already raised over $1.5 million in its ICO – and analysts believe this could just be the start.
WienerAI’s trading bot & staking protocol draw investor attention
WienerAI’s key feature is a trading bot powered by AI and built on the Ethereum blockchain.
However, it’s not just any trading bot - it will also include a healthy dose of crypto-related humor.
The bot’s simple interface lets users ask questions about their investment goals and strategies.
WienerAI’s bot will then scan the markets, providing unbiased analysis of potential coins/tokens that match the user’s query.
To illustrate, someone could ask, “What low-cap DeFi token has the most potential in the next month?”
WienerAI would then comb through the data and present its top trading idea.
But the benefits don’t stop there.
WienerAI also helps users execute their trades at the best prices across DEXs while protecting them from front-running bots.
There’s even a staking mechanism where holders of WAI, WienerAI’s native token, can earn rewards.
At the time of writing, this staking mechanism offers estimated yields of 587% per year.
Ultimately, by combining these features with a meme aesthetic, WienerAI’s team aims to make crypto trading more fun for the masses.
WienerAI ICO passes $1.6M as social media momentum builds
The hype around WienerAI’s ICO has been impressive, with the project having raised over $1.6 million already.
This ICO is structured in stages, with the price of WAI increasing every few days.
There’s no predetermined hard cap – allowing the sale to run based on organic interest.
Thanks to this setup, WienerAI has begun attracting a sizable social media following.
Over 7,800 people now follow WienerAI’s Twitter page, while more than 3,400 have joined the project’s Telegram channel.
Further boosting WienerAI’s appeal in the eyes of investors is its tokenomics setup.
10% of the total supply is being set aside to provide liquidity on DEXs, where the developers plan to list WAI immediately after the ICO ends.
Another 20% is reserved for staking rewards to incentivize long-term holding of WAI.
There’s even a 20% allocation for marketing – hinting that the development team’s vision is to create lasting momentum around WienerAI.
Analysts praise WAI’s long-term price potential
Beyond just the presale numbers, WienerAI is receiving backing from analysts on social media.
For example, popular YouTubers ClayBro and Michael Wrubel have released videos expressing their optimism about WAI’s potential once it is listed on exchanges.
ClayBro highlighted WAI’s trading bot as a key differentiator from other meme coins.
Michael Wrubel echoed this while also pointing to the early presale demand as a sign that WienerAI is already generating mainstream appeal.
Adding to the positive sentiment is WienerAI’s recent smart contract audit by Coinsult, which revealed no major vulnerabilities.
WAI has even been ranked second on the independent ICO review website ICOBench.com.
So, although WienerAI is still a meme coin at its roots, the backing from influencers and the added transparency may attract investors looking for more than just another joke token.
For that reason, WienerAI token could be one to watch in the near term.