Cujo Inu Review: Legit or Scam?

Hello and welcome to knowledgegapexpert.com. Today is the beginning of another year and I want to begin my review with a prayer. My prayer for you (if you are Christian or religious like me) is that you’d finally find that financial independence you yearn for, with health and a loving family. Amen.

Today, we will be reviewing Cujo Inu. This Token is barely 7 days old and it pulling up good numbers on CoinMarketCap.com.

Is this coin legit? Or is it another dressed-up scam like SquidGame, pulling up numbers? This is what this review seeks to find out. So, if you are curious about Cujo Inu, a potential investor just getting to know about crypto, or maybe you are already holding Cujo Inu (this demography is usually very sensitive. Try to read the review with an open mind). I desire to make new investors understand what they are getting into, so I try to explain crypto coins and tokens in an uncomplicated manner by breaking down crypto terms or whatever developers are trying to say in simpler English.  Before we get into the main review, however, we first need to establish an understanding.

“I’m not a banker or a financial expert, I don’t even consider myself a crypto “expert” (whatever that means). I will not be held responsible for your financial decision. Crypto investments, especially meme coin investments are high-risk, high-reward ventures. This article is just a guide, consider it alternative entertainment.”

With that said, let us get on with it.

Cujo Inu’s website

Cujo Inu’s website is visually appealing. It is not overly beautified, yet very classy. I like the black, red and white theme. The design shows a thorough professional was given the responsibility to create the website. The website is SSL secure and is optimized for different mobiles. It’s also ways good to observe these things, as I believe a good project must get these basics right. The description on Cujo Inu’s website begins with a clear headline.

“A Decentralized Ecosystem. The Shiba Inu Killer. CUJO – CujoSwap – The next generation of Defi Social Experiments v2.0 – Staking – Swapping – Locking”

For us to fully grasp the above-quoted statement clearly, we have to know the meaning of these terms. First, a decentralized ecosystem in this context means a community-centric group that is subject to the decisions of the community. 

Also Read: You know Baby Doge? Read the review here.

Defi Socia Experiment. This is what Shiba Inu termed upon launch. If you know about Shiba Inu, you’d know that it started by being honest with its claim of being an experiment and building a community of fanatics and believers. This is what Cujo Inu is trying to mirror. 

The energy I get from this is simple. Cujo Inu is a Shiba Inu wannabe. As in, Cujo Inu desires to replicate Shiba Inu’s success and surpass it. That’s some “mission impossible” ambition if you ask me. But, I know that anything is possible in the meme coin space and crypto generally.

If you have issues understanding what

Defi, Staking, Swapping, and Locking are? The coming paragraph will help you. If you already know these things, please skip to the next subheading.

Defi

Cujo Inu is positioned to be not just another meme coin that has the ambition of being the next Shiba Inu. It claims to be a Defi project. Defi is a global, open financial system that offers services that let you stake, swap, and do so much more.

Staking

Staking in crypto is the process of locking up crypto holdings to obtain rewards or earn interest. Think about fixed deposits in conventional banking terms. According to the Cujo Inu devs “CUJO will be included in multiple staking pools including a single-sided CUJO pool, CUJO-ETH pool, and any tokens (CUJO-PARTNER) that directly partner with the CUJO token and community”

Swapping

Swapping in crypto means the process of instantaneously exchanging one cryptocurrency to another without having to first undertake a crypto-to-fiat exchange. Therefore, CujoSwap is the native swap platform of Cujo Inu. According to the Cujo Inu dev team,
“CujoSwap will be the backbone of the Cujo Community allowing users to interact with the decentralized functions in our ecosystem.”

Cujo Inu’s White Paper

Cujo Inu’s white paper comes with a simple design. It is a downloadable pdf (anyone can download it) and has 9-pages. The white paper begins with an introduction. Which I think is appropriate, I,  however, found the small characters difficult to read. The introduction begins with a headline, telling readers its ambition to become the Shiba Inu killer. Which is now beginning to sound like an obsession. Have you seen “obsession” the movie that features Beyonce?  Anyway, this is now the Dev team put it.

“Shiba Inu (SHIB) has shown the strength of an ecosystem built on the community. Through collaboration and cooperation, they have risen to the top of the Defi world. With Cujo Inu (CUJO) we are creating a similar community but, with a unified goal, to surpass SHIB. In the same sense that SHIB was the DOGE killer, CUJO will become the SHIB killer. If SHIB is an example of the strength of community, CUJO will be an example of when the community is focused on one unified goal, Surpass SHIB. Through a combination of community and determination”

Coju Inu’s Tokenomics

Cujo Inu adopts a rather “unique” tokenomics. With 40% (400,000,000,000,000,000) of the total supply of 1,000,000,000,000,000,000  already burnt. While 30% ( 300,000,000,000,000,000) of the supply, has been locked in a staking contract on Unicrypt. According to Cujo Inu’s white paper;
“The (300,000,000,000,000,000) tokens will be locked for the first week until our staking platform is live. They will then be released over the coming 6 months through our staking rewards pools. These pools will vary from CUJO-CUJO pools to CUJO-ETH, and many more. Rewards and APY of these pools will be announced upon their launch.”

The remaining 30% (300,000,000,000,000,000) is available for purchase on Uniswap. Again, according to the white paper “Liquidity will be locked before trading being opened for the token.
The liquidity will start being locked for a month and then extended once it is confirmed that there were no issues on launch. Liquidity locks can be extended before they expire and this will be the case for CUJO for the life of the project.”

Also read; Here is why these 9 Coins will make you a millionaire in the coming months

I think the developers did a good job of explaining what is what. Because, in my opinion, the one-month liquidity lock seems suspect. And the fact that this is a different tokenomics compared to the token they are looking to emulate makes it a different gravy. Just so you know, Shiba Inu has a maximum supply of 1 quadrillion tokens. Also, many of these tokens were burned, and half of the supply was sent to Ethereum founder Vitalik Buterin as “tribute”. Buterin donated these tokens to India’s Covid relief fund.

Market Cap and Liquidity Pool

According to dextool.io, at the time of writing this review. Cujo Inu’s market cap is estimated to be $11,742,728.27. For a token that just got launched fee days ago, these are magnificent numbers.

Also, the liquidity is estimated to be worth $1,325,476.28, according to Dextool.io. The number of holders is climbing up. It currently has 1017 holders. This means not many people have invested in this token. The top holders of the token do not have more than 2% of the token. This means the Cujo Inu ecosystem is healthy and not filled with whales (yet).

Developers of Cujo Inu

Like Shiba Inu, developers of Cujo Inu are not doxxed. I’m not surprised. In my opinion, this is where the risk involved is glaring. Because we do not know who these devs are, their antecedents, and their accomplishments. Yes, many folks will point towards Shiba Inu and all that, but that doesn’t take away the risk factor. And again, Shiba Inu mitigated the risk, by renouncing the contract (basically, surrendering control and giving it to the community), Cujo Inu hasn’t done that and doesn’t plan to do that (on its roadmap).

What “Early” Investors are saying about Cujo Inu

On YouTube,  there’s a lot of hype around the project right now. Many investors are seemingly very optimistic about the token.

When you review tokens every day, you sort of become used to this. I’d tell you not to take the hype too seriously. Join the telegram channel and observe things for yourself.

Also Read; Is MetaPet a Scam?

Conclusion

In my opinion, Cujo Inu is honest and clear about what it wants to do – become and displace Shiba Inu. Whether they will be able to pull it off is anyone’s guess. Although the token does not have utilities yet, it claims to have some billed to launch in the coming months. I’m however concerned about the fact that they are undoxxed and are not looking to renounce the ownership of the contract. This is a potential red flag. Again, you also have to remember that the liquidity is locked for 1 month. Although the dev team has explained the reason behind that decision, it is still necessary to be wary of that fact, because, these faceless folks could be lying.

If you enjoyed this review, leave a comment and also share it. Your comments encourage and give me the energy to continue writing on this website. You can also check out other reviews I have done. You never can tell what you’ll find.