Those who monitor with attention the way blockchain technology evolves are familiar with its rapid pace of growth. Every blockchain-related initiative brings something new to this young industry.
Today’s review will sum up the main features of Volt Inu, a project based on a hyper-deflationary token. Volt Inu’s team is very active on social media, and we will also mention the project’s latest news.
Understanding How Volt Inu Works
NFTs, altcoins, mirrored stocks, staking and farming stablecoins are part of the Volt Inu (VOLT) strategy. The project revolves around its hyper-deflationary cryptocurrency.
It is feasible to mitigate risk while taking benefit of non-correlated asset growth by diversifying one's investments. Diversification is one of the pillars of Volt Inu’s market strategy.
Let us learn more about the project’s features and ambitions in the following subsections.
The Project’s Ecosystem
Consideration for the utility of a token drives community building while promoting token usage and ownership. Moreover, a useful token is generally attractive to investors, and it helps crypto projects grow over time. For this reason, Volt Inu’s team explained that token utility is at the center of their thoughts.
Anyone with VOLT tokens may buy products from more than 1,700 retailers worldwide including big places like Amazon, Ebay or Walmart. This operation is possible through a collaboration with Crypto Art and another partnership with Shopping.io. There is no longer a requirement to convert VOLT into fiat cash or other cryptocurrencies to buy items.
Moving on, the team released its first P2E game where they basically offer 2 different modes to play; a free and a paid one. Both have their benefits and aim at growing the exposure of VOLT by either offering prizes of up to $3,000 to individual players or buybacks and burns of up to $20,000 to crypto projects.
There is much talk about how quickly the project's "Voltarmy” (Volt Inu’s community) has grown since its start. To the team, creating a launchpad/incubator is an excellent way to build a sustainable ecosystem.
The team is sure that a launchpad will provide fascinating feedback and exposure to viable ideas from the community. The community will allow traders to invest in the projects it authorizes.
The team decided to design a method to reward Volt's community members because of their commitment. A reward system based on their social engagement as well as their overall engagement into the project will encourage VOLT holders to get involved.
The technique creates a list of tasks so that the project may reach mass adoption. As a result, VOLT will be able to award the community members who have been the most proactive.
The Tokenomics Governing Volt Inu
The project’s economic system uses a token running both on the BNB Chain and Ethereum.
The two tokens share similarities, with a couple of essential differences. If we sum up the two worlds, we obtain a total supply for VOLT equal to 69 trillion tokens. In both cases, we observe the application of a 13% transaction tax.
The main difference is in the allocation of the tax proceeds. Both chains move funds to token reflections (1%), marketing & development (4%), and treasury (4%). On the BNB Chain, the system burns the remaining 4% of the funds. However, this percentage goes down to 2% on Ethereum.
The remaining 2% funds on ETH are feeding the liquidity pool.
Volt Inu’s Latest Announcements
The team actively announces new developments to its online community, as we mentioned earlier. For example, Volt Inu has recently unveiled the listing of its token on P2PB2B, the 23rd CEX to host VOLT.
The project also announced the launch of a gateway that will let investors buy VOLT with debit or credit cards. This operation aims to enhance the pace to reach mass adoption on the market for Volt Inu.
One of the main characteristics of this project is its solid deflationary nature. In this context, the team revealed a new burn of $1 million worth of tokens.
The partnership with shopping.io is a strategic move allowing investors to use VOLT on major retailers such as Amazon, Walmart or even Home Depot.
Moreover, the team decided to sponsor Defencia y Justicia, one of Argentina's most famous soccer teams.
Volt Inu’s Roadmap
The team has shared a roadmap divided into four stages. The team has been following this plan to enhance Volt Inu’s market reach.
Stage 1
If we go through the milestones inserted into the first stage of the project, we can find tasks such as:
- Token listing on CoinGecko and CoinMarketCap.
- Creation of social media pages.
- Increasing token holders to 1,000.
Stage 2
The second stage mentioned more advanced operations, including:
- Listings on FEGEX and Shibaswap.
- NFTs acquisition and fractionalization.
- Whitepaper release.
Stage 3
The third stage includes other important milestones. For example, we can mention the following:
- Smart contract audit.
- Reach 10,000 token holders.
- Launch of Volt Inu’s Play-to-Earn (P2E) game.
- Listing of the token on multiple CEX platforms.
Stage 4
The last stage mentioned by the team features other vital targets:
- 50,000 token holders.
- Launch of an automated social activity feature.
- Creation of a reward system.
- VOLT-fiat gateway.
Final Thoughts
Volt Inu’s desire to revolutionize the crypto field is easy to spot on its social media pages. The team constantly updates its community on new developments to create market traction.