Canada Coin – Canada’s First Meme Token

Although it is fair to say that Canada is a crypto-friendly country, cryptocurrencies are not legal tender in Canada. Only coins issued by the Royal Canadian Mint and notes issued by the Bank of Canada are legal tender. However, the Bank of Canada, the country’s central bank, has been experimenting with token-based digital currencies (“CBDCs”) for some time. Also, Canadians do not have to pay taxes for buying or holding cryptocurrency. Canadian taxpayers are subject to pay capital gains or business income tax after selling or mining cryptocurrency.

As global adoption has increased, so has cryptocurrency usage in Canada. The last year has been a dramatic roller-coaster ride for investors and research shows that Canadians are part of the latest trends in cryptocurrency and “meme” coins. One recent survey showed that 3 out of 10 Canadians have cryptocurrencies in their investing portfolio such as Bitcoin (85%) and Ethereum (75%).

Hoping to capture the zeitgesit of the digital currency scene in Canada is Canada Coin which bills itself as Canada’s only meme token with the tagline Proudly made in America.

Launched in December 2021, Canada Coin (LEAF) token is a simplistic alternative to mass adoption. It is being built to provide a simple and accessible gateway for retail consumers to the decentralized world and the general crypto sphere. Canada Coin is a BEP-20 token using the increasingly popular Binance Smart Chain technology. As well as having cross-chain atomic swaps, gas fees on Binance are a fraction of those on Ethereum and BSC’s transaction speeds are much faster, having a speed improvement over Ethereum of approximately 4.3 times. Users will be able to store Canada Coin in the decentralized Binance Smart Chain wallet of their choice.

Canada Coin (LEAF) is a decentralized memecoin that it says is intent on revolutionizing the much hyped web 3.0. Although not much is known about the Canada Coin (LEAF) project at the moment as it is so fresh and new, it is available on the hugeky popular pancakeswap and is rapidly gaining in popularity. You can find it on pancake swap here. In total, there is a 1 Billion supply of the Canada Coin (LEAF) with over 100 Million LEAF coins burned.

Active Social Media Gains Interest

Its rising popularity can be seen in its social media profiles. Canada Coin (LEAF) has an active twitter feed that gathered an impressive 5000+ followers in less than a month. The team behind Canada Coin is actively working to be listed on major exchanges in the coming future, along with further research and development being shifted into social media marketing, and engagement. You can check out the CanadaCoin twitter page here.

With its goal to further increase international interest in cryptocurrency, Canada Coin promises to offer an amusing, easy-to-understand, and engaging experience which manages to capture the zeitgesit of the meme token scene of the crypto world.

Although still in its early days, this is a project worth keeping an eye on