Neiro ETH, a cryptocurrency inspired by the legacy of Dogecoin (DOGE), represents a new chapter in the evolution of meme coins.
Often referred to as the “little sister” to Dogecoin, Neiro ETH carries forward the narrative of its predecessor while establishing its own identity in the crypto space.
This article explores the history of Neiro ETH, from its initial conception to its rise in prominence within the cryptocurrency community.
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Origins and Background
Neiro ETH was created with a direct link to Dogecoin’s history, particularly through its connection to Kabosu, the dog behind the Dogecoin meme. After Kabosu’s passing, Neiro, a dog adopted by the same individual who owned Kabosu, became the face of Neiro ETH.
This connection added an emotional layer to the cryptocurrency, attracting attention from those familiar with the Dogecoin story.
Early Challenges and Community Takeover
The project faced significant challenges early on when the original developer abandoned it. However, the Neiro ETH community quickly rallied, taking full ownership and management of the project.
This transition marked Neiro ETH as a 100% community-driven initiative. A pivotal moment in the project’s history occurred when Vitalik Buterin, co-founder of Ethereum, interacted with Neiro ETH, which significantly boosted its visibility and credibility.
CTO Neiro vs Cabal Neiro
In the crypto space, multiple projects with similar or identical names can lead to confusion, and this is the case with Neiro. There are more distinct cryptocurrencies bearing the name Neiro, the most important ones being: Neiro ETH and Cabal Neiro. Despite sharing the same name, they represent different ideologies and approaches.
Neiro ETH is often recognized as the original or more community-driven version of the Neiro coin. It is widely perceived as decentralized, with a structure that prioritizes the power of its user base. This decentralized ethos, combined with a community-led initiative, has led Neiro ETH to be viewed as the “purer” version of the two. Its decision-making processes and token distribution are seen as fairer, which has helped foster trust and positive sentiment within the community.
On the other hand, Cabal Neiro refers to a version of the Neiro coin where a smaller group, often referred to as a “cabal,” has significant control over the token’s supply and direction. This centralization of power contrasts with Neiro ETH’s decentralized approach. The concentration of control over Cabal Neiro may lead to skepticism or criticism from some in the crypto community, who may view it as a form of market manipulation or inequitable power distribution.
Neiro ETH is often seen as a safer, more reliable investment due to its strong community support and decentralized model.
Conversely, Cabal Neiro might appeal to more risk-tolerant investors who seek to capitalize on short-term price volatility, driven by the potential for manipulation or sharp market movements.
In summary, Neiro ETH stands closer to the decentralized finance model, where the community holds sway, while Cabal Neiro serves as a cautionary example of how centralization within a decentralized framework can lead to potential issues with trust, equity, and long-term viability.
Community Engagement and Growth
The Neiro ETH community has shown high levels of engagement, particularly on social media. This engagement is characterized by a strong belief in the long-term potential of the token, with many community members advocating for holding the token rather than seeking short-term gains.
Key Milestones in Neiro ETH’s History
- July 28: Neiro ETH was launched, quickly gaining traction with 500 followers on X and 2,785 holders within 24 hours, surpassing other meme coins like $PEPE in early growth.
- July 29: Neiro ETH became the #2 trending token on Dexscreener and applied for listings on CoinMarketCap (CMC) and CoinGecko.
- July 30: CoinDesk published an article discussing the origins of Neiro ETH, which the project confirmed as accurate based on blockchain data.
- July 31: The Neiro Strategic Reserve was announced, aimed at creating a stockpile for potential centralized exchange (CEX) listings and supporting donations to stray dog shelters.
- August 1: Neiro ETH was officially listed on CoinMarketCap.
- August 3: A significant figure in the Chinese crypto community joined Neiro ETH, bringing a large following and donating $1,600 to a stray dog shelter in Japan.
- August 4: The project airdropped 4% of its supply to Vitalik Buterin, who later sold the tokens.
- August 8: Neiro ETH received a blue checkmark on Twitter, solidifying its presence on the platform.
- August 14-15: The Chinese community became more involved, establishing its first in-real-life (IRL) community space. Vitalik Buterin’s mention of Neiro ETH in a tweet led to a 427% price surge in one candle, followed by a listing on Ascendex.
- August 17-21: The token’s holder count grew rapidly, with MEXC, CoinW, and CoinEX Global listing the token, marking its entry into major exchanges.
- August 22: A multi-signature wallet was created to raise funds for CEX listings, accumulating $82,000 in donations within 24 hours.
- September 5: Neiro ETH donated 2 ETH to the TMTRD.org foundation, which will feed approximately 40,000 dogs for two months.
- September 6-9: The token reached 10,000 holders, with Justin Sun publicly supporting the project, leading to listings on Poloniex and HTX. HTX also launched a contest with a $15,000 NEIRO prize pool.
- September 13-16: Neiro ETH continued to gain recognition with a listing on Gate.io’s Pilot Trading section, and its eventual listing on Binance was seen as a major achievement for the community.
- September 16: Neiro ETH gets listed on Binance spot
- September 18: Neiro reached a $400M market cap
