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What to know about Volt Inu (VOLT)

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Volt Inu (VOLT) is a decentralized platform designed to offer users an environment to access various DeFi products while engaging with its native token. The Volt Inu (VOLT) token is an Ethereum-based token and seeks to employ deflationary strategies to expand the ecosystem and add value to users. VOLT is the Volt Inu utility token created as a store of value for the ecosystem.

The ecosystem consists of a Decentralized Exchange (DEX) that enables projects to list their tokens seamlessly and allows a 0.5% tax on every trade to facilitate its deflationary and buy-back mechanism. NFT collection that grants unique access to physical events, and virtual meetups. Volt Inu also features play-to-earn (P2E) games that merge gaming and tradable rewards; Gamefi.

Volt Inu Ecosystem

The Decentralized Exchange (DEX) and the NFT collection are the two main features of the Volt Inu ecosystem. The NFT collection provides exclusive access to the ecosystem while the DEX, enables users to trade various tokens of their choice. However, other features make up the Volt Inu ecosystem.

Volt Inu Decentralized Exchange (DEX)

The Decentralized Exchange (DEX) of the Volt Inu ecosystem enables users to trade a variety of tokens in a user-friendly and intuitive environment. Another distinctive feature of the Volt Inu DEX is that it enables projects to achieve deflation by burning a certain quantity of their tokens, which ultimately benefits token holders.

NFT Collection

The Volt Inu ecosystem’s NFT collection provides exclusive access to future collections, in-person events, meetups, and exclusive rights and revenues within the VOLT ecosystem, such as the P2E game. The NFT collection will provide users with a one-of-a-kind and personalized experience while also allowing them to earn rewards.

Play-to-Earn Game

The P2E game in the Volt Inu ecosystem seeks to give users an engaging and collaborative experience. Players can earn rewards by participating in the game, and there are also options for NFT trading and collection. The Volt Inu P2E game aims to create a new revenue stream for users and enhance the overall user experience within the ecosystem. Some of the Volt Inu play-to-earn games include VoltIsland and Volt racer. Volted Racer is a Volt Inu GameFi project with free and paid modes for gamers 

Revenue Streams

Some of the revenue streams include yield farms, platform token listing fees, stablecoin staking, and blue chip NFTs. All $VOLT holders benefit from the income streams generated by these revenue streams. NFT fractionalization is also a revenue source that $VOLT provides. Additionally, Volt Inu also claims to generate revenue through the acquisition of “nodes”. These nodes allow for a flow of income that is funneled back into $VOLT, creating a revenue stream for all $VOLT holders to benefit from.

Volt Inu (VOLT) Token

The team behind VOLT is working to ensure that the token remains decentralized and that decisions are made through community participation. This approach gives VOLT holders a say in the development of the project, creating a sense of ownership and community involvement.

$VOLT can be traded on BTCEX, Bitget, CoinW, CoinTiger, and Bitrue. VOLT is currently ranked #326 on CoinMarketCap, with a market capitalization of $75,800,174. The circulating supply of VOLT is 54,766,287,142,827, and the maximum supply is 69,000,000,000,000.

Deflationary Mechanism

The token burn is one of VOLT’s main deflationary strategies. A portion of each transaction charge is burned, lowering the available supply of VOLT. As a result, there is a deflationary impact that could raise the value of the tokens. Tokens become more scarce and more valuable as they are increasingly burned via transactions, reducing their supply. 

Overall, by combining various products and services on a single platform, the Volt Inu ecosystem offers DeFi products to users. 

Closing thoughts

The past few years have seen the crypto industry birth new innovations, and with the help of playeshapeped the industry to what we now know today. As players and technology deepen, complexity is bound to exist. The crypto market is volatile and should be engaged with proper knowledge of the risks involved, hence, users should do their research before funding.

Read also; 

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