Let us introduce the next dog-themed meme cryptocurrency, Sanshu Inu. What makes Sanshu Inu unique from other meme coins is its tokenomics of burning 100% of the LP and 100% of the DEV wallet as it was launched.
The renounced ownership of the protocol contract also authenticates the project, making it 100% rug-proof and community-driven. The Sanshu protocol was launched with the project own liquidity, and there was also no presale. A transaction limit was also placed to prevent huge whales from dominating the market.
With this in mind, users can be assured that the Sanshu Inu team is rigorously working for the growth of the community to provide a creative and friendly environment in the Sanshu Inu ecosystem.
Sanshu Inu made its first appearance in April 2021, steadily progressing into 44,000 different wallets. Sanshu is a deflationary ERC-20 token with tokenomics to burn/redistribute tokens on every transaction. This means that for every buy or sell transaction, 1% is distributed among Sanshu Inu holders.
Furthermore, another 1% is deducted from Sanshu Inu total supply. In the crypto space, deflationary tokens tend to grow exponentially in price compared to inflationary tokens. As of now, Sanshu has recorded a total of 62.8% supply burn.
With the hope of being a household figure, the project aims to visualize and bring the Sanshu Inu pup character into reality.
Here are some of the key features of the Sanshu Inu project.
Trust and transparency are key components reflected in the choice of the team behind Sanshu Inu to renounce the community contract. Hence, it is 100% community-driven, making it impossible to rug pull or alter the ecosystem.
Sanshu Inu deflationary tokenomics is one of the unique features of the project, which auto-compounds every day, all week long. Here, users get to enjoy the 1% burn and 1% reward, earning passively by simply holding your Sanshu token.
The team aims to integrate the application of gaming, P2E, VR, and AR to further entertain the audience. According to the protocol’s roadmap, a layer 2 solution will be later incorporated to allow community token burns while realizing little to no-gas transactions. That is why this development is bound to open up a scope of new possibilities.
The term “Myth of Sanshu” was created to suit a Metaverse reference, allowing possible marketable opportunities in the future. There are also plans to culturally represent the Dog “Sanshu Inu” origin as well. Japanese studios willingly collaborate with the project.
Moreover, Sanshu has recently recruited their first celebrity ambassador “Karen Strassman” to the team. For those who don’t know, Karen is a popular voice actress featured in many notable anime and video games. With this current growth rate, Sanshu’s limits could prove boundless.
On Sanshu’s Website, you’ll find a dApp Yield Farming platform called the “Dog Park”. It allows users to stake & “Kibble ” in exchange for rewards. In line with the protocol’s roadmap, Sanshu is set to create new rewards for Sanshu holders anytime soon.
As we have also mentioned before, the DEV team will renounce the ownership of the token. This will leave the decision-making process to the community, finally making it a truly decentralized asset.
Sanshu’s inherent uniqueness is within its tokenomics. There are many meme tokens with dog themes out there but Sanshu is one of the first few dog coins to apply deflationary mechanics and burn rewards.
The 1% reward and 1% burn mechanism on each transaction guarantee Sanshu Inu coin users’ interest in holding their tokens. Additional features like the “Dog Park” yield farming platform also allow users to farm and stake tokens for higher interests. With Sanshu Inu, Investors get to enjoy the fun part of crypto and earn passive incomes.
Shiba Inu is described as the “Dogecoin Killer” on the project’s website, with plans to also list their own Defi exchange platform “ShibaSwap”. The anonymous creation of this Inu took place August 2020 by a group/individual under the alias “Ryoshi”.
Thanks to the engaging tweets of renowned people like Elon Musk and Vitalik Buterin, it hurriedly started gaining ground as communities of investors swarmed over the token in the fear of missing out (FOMO).
Invitations were also sent from Shiba Inu to the dog-inspired artists all over the globe to integrate the Shiba Inu community into the NFT market space. Moreover, Shiba Inu launched a world rescue campaign of live Shiba Inu dogs using Amazon Smile for the collection of donations.
Kishu Inu was brought into existence in April 2021, envisioned to be a Defi meme project with real use cases. This doggo aims to bring the world’s attention to popular cryptocurrency concepts and protocols.
Compared to other crypto projects, Kishu will not only introduce holders to next-gen concepts like staking rewards, NFTs, and more but also immerse them in it.
After Kishu Inu’s launch, the project recorded a whopping $2 billion market cap and 100,000 holders within a month. To think that a meme project could achieve a record like this was unheard of, which further solidified investors’ beliefs in the Kishu Project.
The recently introduced Floki Inu coin is also a meme token with a dog theme. Unlike other dog-based projects, Floki Inu describes itself as a “Movement” rather than a meme coin. Floki was created by fans/members of the Shiba Inu community, named after Elon’s musk’s Shiba Inu puppy.
Floki Inu sets itself aside with three Flagship Utility projects, namely:
Floki Inu’s community is popularly called the “Floki Vikings”, concluded in honour of Elon Musk’s dog “Floki”, which referred to a Viking Character.
Sanshu Inu exchange should not be that hard, especially when you have an exchange aggregator like Swapzone that brings you the best Sanshu Inu/Ethereum exchange rates from various exchanges. The best thing is you can exchange your Ethereum directly for Sanshu Inu crypto right from the Swapzone website.
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