Conversation between Elon Musk & McDonald’s created a new Cryptocurrency Called Grimace Coin.
At the time of writing, there are over 17,000 cryptocurrencies, yes over 17 thousand. This is because people are creating many cryptocurrencies daily. Nowadays, the process of creating crypto has become so easy that anyone can create it.
So many cryptocurrencies are being created daily. Some cryptocurrencies are created to solve real-world problems, but many of them are created as a joke by ordinary people, these types of cryptos are called “meme coins”.
A new meme coin called Grimace is trending a lot right now. The coin surged over 286,000% in just a few hours after being created.
In this article, there is everything about the trending crypto Grimace, including how to buy it.
What is a Grimace Coin?
The Grimace Coin was created after McDonald’s and Elon Musk’s conversation on Twitter.
Elon Musk always talks about cryptos on Twitter, a tweet from Elon Musk makes the price of cryptocurrencies fluctuate a lot.
Now his tweet has given birth to new crypto. On 25th Jan, Tesla’s CEO Elon tweeted tagging McDonald’s that he will eat a happy meal on tv if McDonald’s accepts Dogecoin.
After a few hours McDonald’s responded to Elon Musk’s tweet in a funny way, McDonald’s tweeted “only if tesla accepts grimacecoin”. Grimace is a character that was featured in McDonaldland commercials.
Looking at this conversation between Elon Musk and McDonald’s on Twitter, somebody created the Grimace Coin after the tweet of McDonald’s.
The Grimace Token is Created on the Binance Smart Chain (BSC). After one, multiple Grimace Coins are being created.
Grimace Coins are getting more and more popular. One such Grimace token started with $0.0007 and hit $2 at its peak, then after the token fell to $0.60, according to CoinDesk.
Also, many Twitter pages are being created with the name of Grimace Coin, one of such pages gained over 1,700 followers.
McDonald’s has cleared that they are not affiliated with any Grimace Coin currency.
Where can you buy a Grimace Coin?
The Grimace crypto is so new that it is available on very few cryptocurrency exchanges. You will not get this crypto on famous exchanges like Binance and Coinbase.
Grimace Coins are available on decentralized exchanges like PancakeSwap (V2), Mdex, Anyswap, BSCswap, etc.
The best place to buy Grimace Coins is PancakeSwap (V2). It is popular and you will find the buying process easier if you buy from PancakeSwap.
How to buy a Grimace Coin?
You cannot buy Grimace Coins directly with fiat currency. The process of buying this crypto can be complicated for some people.
Don’t worry we have guided step by step how you can buy Grimace Coin.
Follow the steps given below to buy Grimace Coin:
Step 1: Buy Binance Coin (BNB). You can buy BNB from the Binance exchange with Fiat currency.
Step 2: Send purchased BNB coins to a compatible wallet such as MetaMask or Trust Wallet.
Step 3: Go to The Bit Times website and copy the Grimace Token address.
Step 4: Open PancakeSwap through your wallet.
Step 5: Search Grimace on PancakeSwap with the link that you copied from the Bit Time Website.
Step 6: Swap BNB To Grimace.
Done, you have successfully purchased Grimace.
Is Grimace a Good Investment?
No, Grimace is not good for investment. Meme coins like Grimace are highly volatile, they are the riskiest of all.
There are many fewer chances that these types of cryptocurrencies can give you returns on your money. Most of the time those who invest money in these types of crypto, lose their money.
We highly recommend that you should NOT invest money in Grimace Coin.
[Disclaimer: The content of this article is not intended as financial advice, and should not be construed as such. Neither readaboutcrypto.com nor the author is responsible for any investment decision made by any reader.]