Volt Inu recently announced it reached a new milestone for its projects. Volt Inu is a highly deflationary token that operates on the Ethereum blockchain. The token is a rising stablecoin in the crypto world, offering users various investment services.
Volt Inu Team shared exclusive details through their official social media accounts. Here are some of the exciting developments from their projects:
Operation: buyback & burn
As Volt Inu aims to become a high-deflationary token, the team announced a massive burning operation and buy-out to increase the demand for tokens and floor price in the market.
The team has completed its buyback operation by completing $100,000 tokens. According to the official website: “$VOLT has implemented an automatic 2% burn tax on ETH and another automatic 4% burn tax on BSC.”
Through this burning process, there will be a reduction in the circulation of the $VOLT token, increasing its value among investors.
Volt Inu welcomes new holders
Volt Inu also shared that the coin surged upwards due to the increase in demand, in response to the burning process. According to the team, around 40,000 traders added $VOLT to their wallets in four months.
This is a huge achievement for the team as it not only signifies traders’ trust in the coin’s worth but also it will help the team to strengthen their ecosystem. The more coin traders keep in their wallets, the more demand they will have in the market.
In the near future, the team hopes Volt Inu’s decentralized model will benefit from this growth strategy and decrease the single “whales” influence in the project, bringing in new and big investors.
Smart contract ownership lock
Volt Inu conducted a Twitter Space session in which the team announced that they will lock the smart contract ownership once the CEX listings are live by using EverOwn.
EverOwn is a DeFi app that provides decentralized solutions to companies by locking smart contracts ownership, often weighted through the community vote. The DeFi platform enables the companies to gain an engaging community that supports projects.
Through EverOwn, only the community can vote on whether the contract owner can reclaim ownership of the contract. In a way, it offers a more decentralized solution to make changes in the project’s ecosystem through community approval.
This partnership with EverOwn will be a success for the team to build a decentralized ecosystem for Volt Inu.
The Certik Audit Onboarding
The Volt Inu team also announced that Certik added Volt Inu to their platform for its auditing smart contracts.
Through auditing, the team hopes it will validate the coin’s status by gaining the trust of the investor.
Certik is an auditing platform founded by Yale and Columbia professors in 2018. It is a blockchain security pioneer that uses the latest technologies of artificial intelligence to audit smart contracts and protocols. Certik aims to help blockchain startups authenticate their presence in the industry through its cybersecurity checkups.
Volt Inu is excited to see the results of the audit as it is confident in its security measures.
About Volt Inu
Volt Inu is a hyper-deflationary cryptocurrency with the token name $VOLT. It operates on the Ethereum and BNB chain to interact with its community. The project aims to initiate more investments in NFTs, Altcoins, Nodes, and other assets besides stablecoins.
The project’s recent developments in various aspects show that the team wants to establish long-term viability and remain a stable token in the competitive market. To remain a lasting stablecoin, VOLT smart contracts were recently revamped.
To know more about Volt Inu and the team’s future prospects with existing projects:
- Website: https://voltinu.in/.
- Twitter: https://twitter.com/VoltInuOfficial.
- Telegram: https://t.me/VoltInuOfficial.
- YouTube: https://www.youtube.com/channel/UCDLlAleEEmhc7pVdB5pZWFg.
- Medium: https://medium.com/@VoltInu.