Inu (Volt) project offers us a hyper-deflationary safe-haven token that opens the door to numerous passive income opportunities through a diversified investment strategy.
Volt Inu has to some extent, blurred the lines between serious crypto projects and meme tokens due to the extremely loyal VOLTARMY online following and dog-themed imagery. In this article, we’ll separate fact from fiction and explore real the inner workings of this unique and potentially lucrative project.
The Volt network’s native VOLT token is minted on the Ethereum blockchain as an ERC-20 and on the Binance blockchain as a BEP-20 token with a maximum supply of 69 sextillions. The Volt network is designed with an automatic-liquidity pool that pays out rewards to token holders.
Every time a VOLT transaction takes palace, 4% of the fees are sent to the project’s treasury, where the funds are invested in various crypto assets, including blue-chip NFT projects. The returns generated by the treasuries investments are then distributed as passive income to the VOLTARMY.
One way to look at Volt Inu is if it were a cryptocurrency version of an Exchange-Traded-Fund (ETF) that gives you exposure to a range of productive assets expected to generate regular returns.
It’s not clear who the project’s founder is; the official website doesn’t mention anyone by name, and when announcements are made, they simply refer to ‘the team.’
Volt derives its value from several features: its deflationary tokenomics, play-to-earn games, passive income generation, and merchandise.
It’s not clear how many nodes secure the network, so it’s difficult to comment on the extent of decentralization, but the fact that it uses PoS as supposed proof-of-work does mean it’s less energy-intensive to secure than networks like Ethereum and Bitcoin.
Volt can either be used to earn passive income by staking the token or spent on its play-to-earn games.
The dog-themed marketing and the VOLTARMY’s social media presence can make Volt Inu seem like another meme coin, but this project is much more than that. The concept of risk reduction through diversified exposure to assets has been embraced by the Volt treasury, which offers cryptocurrency investors attractive passive income opportunities.
Furthermore, the project has launched a successful play-to-earn game, collaborated with real-world institutions, and launched its own merchandise line.
Despite the positives of this project, we should bear in mind that a token with a small market cap and low trading volume like VOLT is always going to be very volatile and a high-risk investment.
The Volt Inu official Twitter announced on Monday, 23rd April, that Volt would be onboarding to the Certik security platform. Certik was founded in 2018 and has since become a market leader in blockchain security. The platform leverages cutting-edge AI technology to guarantee the security of blockchains protocols and smart chains.
By bringing Certik auditing to Volt, the project will comfort investors about security and show that it’s a serious operation and not just another meme coin.
As a hyperinflationary token, the bar for burning tokens and reducing the supply of VOLT has been set very high. This month $100,000 worth of tokens were scooped up and burnt in a buyback operation, contributing to the long-term objective of raising the token’s floor price and reducing its supply.
As of writing, VOLT trades at $0.000000791066 with an unknown market capitalization and a 24-hour trading volume of around $1.8 million. The historical data for VOLT is very limited as the token upgraded to version 2.0 on April 22nd; since the upgrade, it lost an estimated 70% of its value but does appear to be forming a bottom which could signal the start of a turn in sentiment.
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There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
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