At the time of writing this review, Beagle Inu token has pumped more than 500%. It is currently one of the highest gainers on coinmarketcap.com.
This is seemingly exciting for many low-cap gem hunters. As I do, I have decided to review this token. The point of this review is to help you check whether the token is what anyone should be excited about.
So, If you are about to ape into Beagle Inu, or maybe you are just curious about it. You are in the right place. I have done all the investigation on your behalf. All you need to do is to watch this video till the end.
Before I begin, we need to establish an understanding. I’m not a banker or a financial expert. I will not be held responsible for your financial decisions. Kindly consider this review alternative entertainment. With that done. Let us begin the review.
So, what is this Beagle Inu token?
According to coin market cap, BEAGLE INU is meme token. It’s a currency derived from the memes community. Coin market cap said more things about this token. However, what they said was not coherent.
Beagle Inu’s website
Beagle Inu’s website is basic and inspiring. The logo looks like an image that was cropped out from Microsoft paint. The overall look of the website is worrying, to say the least. The description is littered with basic English language mistakes that make you think the developers do not understand the English language. Most of the descriptions on the website are incomprehensible babbles.
So, I’ll move quickly to the part I understand. According to the developers, beagle inu is creating a unique, unprecedented NFT platform for Beagle INU, especially for meme tokens.
Beagle inu has a total minted supply of 1 trillion. The buy and sell tax is a high 12%. This means that whenever an investor decides to buy a Beagle Inu token, a 12% tax is deducted from his initial investment. This tax is very high compared to other projects.
Here’s how the 12% tax is used.
4% reflections tax goes directly to each holder proportionately from each transaction. For those who do not know. A reflection token rewards loyal holders of the token by giving a certain part of the tax to the holders. 5% is sent to the marketing wallet. While 3% is sent to the liquidity.
Developer Behind this Token
The developers of Beagle Inu are not known. This could be dangerous and a clear red flag. The fact they are not known makes the token high risk and fishy.
I scanned Beagle Inu’s contract on through bscchecker.eu and market move (where token claims it have been audited). The following is what I found out. About 5 addresses own 15% of the token. This is dangerous, as it shows that there are whales in the Beagle Inu ecosystem. The contract is not renounced. This means that these faceless and nameless developers have absolute control of the token.
In conclusion, investing in this token is very risky. The market cap is meager super small just around $40,000. The developers are unknown, the contract is not renounced, the tax is high and the liquidity is almost insignificant. And, honestly, I do not think this project is a sustainable one.
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