While meme tokens like Dogecoin and Shiba Inu have garnered immense attention and growth, the underlying issue lies in their purpose, primarily centered around humor.
However, Volt Inu aims to break this paradigm by offering not only a sense of excitement and speculation but also real value to its community of users and investors. So what is Volt Inu, and should you invest in it? Let’s dive in!
What Is Volt Inu?
Volt Inu ($VOLT) is a hyper-deflationary token, actively reducing its circulating supply over time. The project’s objective revolves around diversifying investments across various asset classes available in the market.
Notably, the project invests in NFTs, nodes, altcoins, staking, and farming of stablecoins. This diversified approach allows the project to mitigate risks while capitalizing on the potential growth of trending assets that exhibit non-correlated patterns.
Source: Twitter
The token’s hyper-deflationary mechanism follows a unique structure. The project uses revenue from treasury investments to execute buybacks and burn $VOLT tokens. Like stock buybacks, this approach helps maintain an upward trajectory for the token’s price floor by reducing the overall circulating supply.
So, Volt Inu shares its origins with meme coins such as DogeCoin and Shiba Inu. Interestingly, the mascot on the ticker bears a striking resemblance to the beloved dog protagonist from the iconic animation “Bolt.” Drawing inspiration from this beloved character, the project embarked on its journey in December 2021, positioning itself as a relatively grounded project in the crypto landscape.
Initially launched on Ethereum, $VOLT allocated its entire supply to Uniswap liquidity. Moreover, to expand its reach and cater to users seeking an alternative to Ethereum’s gas fees, the project launched $VOLT on the Binance Smart Chain (BSC) in January 2022.
Source: Twitter
In April 2022, Volt Inu migrated to a new contract, addressing the challenges posed by its total astronomical supply of 69 trillion tokens under Volt Inu V1. By redenominating Volt Inu V2 and dividing the total supply by 1 billion, the project aimed to fulfill listing requirements and enhance accessibility for a wider audience. Unsurprisingly, many exchanges subsequently listed the token.
What is Volt Inu V3?
More recently, Volt Inu introduced Volt Inu V3 on Polygon following approval from VOLT DAO. This migration involved burning 44.85 trillion VOLT tokens (worth approximately $74.5 million) to reduce bridge liquidity.
Source: Twitter
Currently, Volt Inu V3 operates as a zero-tax token. The project emphasizes that the V3 migration significantly improves security, facilitates new user onboarding, enhances exchange liquidity, and incentivizes leading exchanges to list $VOLT. It is worth noting that with the launch of V3, Volt Inu has discontinued support for V2, similar to how it ceased support for V1 upon the launch of V2.
Is Volt Inu A Good Investment?
Volt Inu offers several unique features that make it an attractive investment option. One of its standout qualities is its deflationary model, which ensures that the coin’s supply decreases over time while its value increases. This mechanism helps combat inflation and offers the potential for greater returns to investors who hold onto their tokens in the long term.
Another notable aspect of Volt Inu is its community-driven approach. The project relies on user input through the VOLT DAO to shape its evolution, unlike many cryptocurrencies controlled by a central authority. It creates an ecosystem where everyone has a stake in the platform’s success, fostering a solid and engaged community. Additionally, Volt Inu possesses three key components that contribute to its value:
- It employs a state-of-the-art deflationary mechanism that increases the token’s rarity over time.
- It has a growing network of developers and investors who actively utilize and support crypto.
- It continues to expand its list of products and use cases, further enhancing the value proposition.
One anecdote highlights the growth potential of Volt Inu. An investor who purchased 0.3 ETH in VOLT ($500) in December 2021 saw remarkable returns. After responsibly selling off a portion of their holdings, the investor’s remaining bag grew to an impressive $282,000, thanks to the recent surge in VOLT’s value.
Source: Twitter
Like Shiba Inu’s remarkable rise in 2021, many investors have high hopes for Volt Inu’s future. However, doing your own research (DYOR) and assessing your individual investment goals before making any investment decisions in the crypto market is crucial.
Volt Inu NFTs
One of the captivating aspects of ‘Volted‘ ecosystem is the collection of NFTs -the Volted Dragons Sailors Club (VDSC).
This official collection features 10,000 3D NFT Dragons sailing on the Ethereum Blockchain. By owning a Volted Dragon NFT, holders gain exclusive privileges and opportunities within the VOLT ecosystem.
Source: Twitter
The Volted Dragons Sailors Club members enjoy various benefits, including access to future collections, participation in real-world events and meetups, exclusive rights, and a share in the revenues generated within the VOLT ecosystem. These perks enhance the overall experience and value for those who hold a Volted Dragon NFT.
While the initial minting phase of the VDSC collection has concluded, interested individuals can still acquire these unique NFTs through secondary marketplaces such as OpenSea.
Notably, a significant portion of the collection, precisely 5,598 NFTs, has already been burned. This intentional reduction in supply aligns with the Volt Inu brand and contributes to the scarcity and desirability of the remaining Volted Dragons.
With a current floor price of around 0.289 ETH and a total trade volume of 900 ETH on OpenSea, VDSC demonstrates the community’s enthusiasm and demand surrounding these ‘Volted‘ digital assets.
Source: Twitter
Is Volt Inu Legit?
When considering any investment in the Web3 space, it’s crucial to evaluate the legitimacy and credibility of the project. In the case of Volt Inu, several factors contribute to its perceived legitimacy and trustworthiness.
First and foremost, the project has established a strong presence in the crypto community since its launch in December 2021. The project has garnered a significant following and attracted a dedicated community of supporters. Additionally, Volt Inu has made notable achievements and milestones within a relatively short period.
These include being listed on multiple CEXs, receiving recognition as the meme coin of the year in 2022, and securing numerous partnerships and collaborations. Another aspect that adds to the legitimacy of Volt Inu is its transparent and community-driven approach.
The project incorporates a VOLTDAO that actively seeks input and feedback from its community members, allowing them to shape the direction and development of the platform.
Source: Official Website
Furthermore, the project has implemented various mechanisms to increase the value of its token and reward its holders. The hyper-deflationary model, buyback, and burn strategies contribute to the token’s scarcity and potential for price appreciation. These mechanisms align with the project’s goal of creating value for its users and investors.
Moreover, offerings like Volticard, VoltiChange, VoltiGames, VDSC, VoltiEco, etc., add value and legitimacy to the project. Nevertheless, it’s worth noting that although Volt Inu has shown promising signs of legitimacy, investors must conduct due diligence and assess the market conditions before making investment decisions.
Where To Buy Volt Inu Token?
Interested in being part of the ‘Volted‘ ecosystem? We got you covered!
You can buy Volt Inu ($VOLT) on reputable centralized exchanges such as KuCoin, Gate.io, Huobi, Poloniex, etc. Volt has plans to get listed on even more CEXs soon. Additionally, $VOLT is available on decentralized exchanges like PancakeSwap and Uniswap. But we recommend using a CEX as it is much more convenient.
For a more comprehensive guide on how to buy $VOLT, read the second part of the article. The article also explores the different use cases and the extensive ecosystem of Volt Inu. So stay tuned!
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