Meme cryptocurrencies have started to be viewed as purely speculative assets in recent months, where people are simply gambling their money hoping the whales will raise the price of the token and help them get rich overnight. Their true origin came from a united community with a common goal.
The INU token brings back the real purpose of tokens even with a token that will strengthen an entire decentralized ecosystem providing users with accessible products and services. INU is a deflationary token with a built-in transaction tax meant to both move the project forward and reward users.
$ INU: a deflationary token with a functional ecosystem
The INU token team creates an all-in-one cryptocurrency ecosystem with a built-in tax, as mentioned above. The built-in tax will see 0.5% of each transaction burned in an effort to reduce the total circulating supply, and an additional 0.5% will be redistributed to all INU token holders.
The INU token ecosystem will encompass a number of Decentralized Finance (DeFi) services, including a rewards-based staking platform that ensures rewards are distributed in a timely manner and awarded to users based on the percentage of tokens they put into play.
The team developed a diamond architecture that followed the EIP-2535 token standard to allow its smart contracts to be upgraded and add new features that will benefit users as they become available. Users will also be able, through an easy-to-use interface, to create their own smart contracts without any coding skills required.
Ecosystem users will pay a one-time fee to allow $ INU tokens to pass through the platform architecture which serves as a general proxy to route all users of the same contract and saves them further on fees. This means that a single fee is all that is needed to access all INU services.
The INU project is managed through a decentralized autonomous organization type system in which users can join the platform’s social media groups and vote to participate in the development of the platform.
The $ INU ecosystem:
The INU ecosystem is growing thanks to a number of new platforms that already include a cryptocurrency exchange. The INU enters the world of non-fungible tokens (NFT) through its own NFT marketplace, which will allow users to create and exchange NFT collections with an added benefit: part of the fees are redistributed to its users.
A fixed fee of 2% is to be allocated to the marketplace, where 1% of the fee will be used to support the self-powered staking platforms. In addition to the NFT marketplace, there will be an exchange running on an Automated Market Maker (AMM) protocol called INUSwap, handling liquidity pools and token exchanges.
The team is also working on CasINU, a decentralized gaming platform that will host a range of single and multiplayer games for the cryptocurrency community. INUtility will be a platform hosting a number of useful decentralized financial utility functions that will allow users, for example, to transfer multiple NFTs or create their own tokens.
To better support small investors, ETH 2.0 staking pools will be created to allow investors to become validators on the Ethereum blockchain while holding less than 32 ETH.
The $ INU token:
The $ INU token was launched in June of this year on the decentralized exchange Uniswap. It has been listed on several token tracking platforms such as CoinMarketCap and CoinGecko, and is available on many decentralized exchanges.
$ INU is also launched on the Binance Smart Chain (BSC) network to take advantage of the lower transaction fees and its compatibility with the Ethereum virtual machine. BSC will help its ecosystem to grow to reach a wider audience.