Reviewing Deku Inu has been something I have been meaning to do. So, it was a “refreshing reminder” to see a reader suggest I do a review of Deku Inu. This token for some reason is not that popular yet. It was released sometime in September last year (if your mind is still in 2021, remind yourself it is 2022 now) And the token is looking very promising.
Is Deku Inu legit? Or is it another dressed-up scam like SquidGame, waiting to happen? We are about to find out. So, if you are like that reader that requested Deku Inu’s review, curious about Deku Inu, a potential investor just getting to know about the token, or maybe you are already holding Deku 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 in an uncomplicated manner by breaking down crypto terms or whatever developers are trying to say in basic 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.
Deku Inu’s website
Deku Inu’s website is one of the neatest websites on the internet. Classy, elegant, and simple. It grabs and keeps your attention until you have read every letter on it. It is just amazing to see.
Deku Inu’s website is SSL secure, meaning it is safe from internet pirates. The color combination is easy on the eyes. You can tell a thorough professional took his time to create Deku inu’s website. Letters on the website are legible and easy on the eyes.
The description on the website begins with
a simple and straight-to-the-point introduction. We find out Deku Inu is an ERC20 token (a token built on the ethereum blockchain). According to the website, Deku Inu is a
“WORLD CLASS, ART, GAMING, FINANCE, & EDUCATION.
Deku’s a multi-purpose utility token supercharged with deflationary tokenomics. Our goal is to create a safe and exciting space for investors with modernized tooling, education, P2E gaming, metaverse, and world-class artwork.”
Also Read; Inuyasha Review: Legit or Scam?
I think the meaning of the above quote is clear as day. However, I recognize folks new to crypto might have issues understanding terms like “deflationary tokenomics” and metaverse. I’ll do a basic explanation of these terms, so you understand what the token is mainly about.
Deflationary tokenomics (token economics) are deliberately designed in ways that make the total circulating supply of tokens continue to decrease to a predetermined amount. The main benefit of this model is that they restrict the market from being swamped with too many tokens as creators mine, create, or sell more tokens. Thereby making the value of the token appreciate as time passes.
Metaverse is a virtual-reality space in which users can interact with a computer-generated environment and other users. Imagine being in and experiencing your favorite cartoon with the aid of special equipment.
We find out that Deku Inu has been listed on various exchanges like Xt.com, LBank, Fegex, Hotbit. Although these exchanges are not considered top tier at the time of writing this review.
In each trade in the Deku Inu ecosystem, the transaction is charged an 8% fee, which is split 3 ways.
3% redistributed to all existing holders, as a reward for holding the token. 2% is sent to the liquidity pool. While the remaining 3% is sent to the marketing wallet. In my opinion, this is one of the fairest tax systems I have seen.
Deku Inu is Safu!
Deku Inu transparency is 100%. And it is not difficult to see. On their website, whatever they claim, they leave you with proof. According to the website, “Deku has completely renounced its contract and burned LP (locked forever). Deku is now a community-owned coin. Below are some key steps we’ve taken to protect investors.”
The above is true. Deku Inu is safe to invest in. You don’t see this level of transparency all the time, kudos to those behind Doku inu. The contract being renounced has its downsides though. It completely removes control from the devs, which makes it rigid and ‘inadaptive’.
Going forward, Deku Inu let visitors know that it has several projects it is getting set to launch. The first is the
RGA & PLAY2EARN (P2E) RACE GAME,
DEKU TOOLS – A charting , Trading Analysis platform. If you are into crypto trading or forex, you know what this means. PROFESSIONAL STUDIO ARTISTS, that deliver world-class NFTs and DEKU ACADEMY- Crypto Learning Platform.
Doku Inu’s White Paper
Unfortunately, Doku Inu has no white paper. Usually, I come down heavy on projects without white papers. I however excuse Deku Inu, because I believe the website does justice to the essence of the token. But it would have been nice if they had a simple white paper.
According to dextool.io, at the time of writing this review. Deku Inu’s market cap is estimated to be $5,351,365.33. For a token that just launched in September 2021, in my opinion, this shows slow growth. There’s something off with the marketing. The market cap suggests if you invest in Deku Inu, you are still very early in the project.
Again according to Dextool.io, Deku currently has 3265 holders. This means not many people have invested in this token. The top holders of the token do not have more than 3.5% of the token. This means the Deku Inu ecosystem is healthy and not filled with whales.
Developers of Deku Inu
The developers behind Deku Inu are not doxxed. I’m not surprised by this. Some of the problem of team not being doxxed has been taken care of as the contract has been renounced and handed over to the community. However, the competence of the team is unknown, it is one thing to have an idea, and it is entirely a different thing to deliver. If we had an idea who is in charge of Deku, maybe we would be able to predict accurately whether or not the Token will fulfil it potentials or not based upon the competence of the team and the leader.
What investors are saying about Deku Inu.
On YouTube, the general perception of Deku Inu is that the token is underrated. This perception is correct, in my opinion. Here are some of these comments
On Reddit, the atmosphere is positive.
Deku Inu is a legitimate token. It’s very safe for investment as the likely hood investors’ monies could be stolen has been reduced to the barest minimum. The token has loads of plans that could see it become very popular. However, the team behind its daily operations needs to start pushing aggressive marketing for it to fulfill the massive potentials it has. I will not be surprised to see this token get to a 100million market cap soon. The team and the community must be ready to advertise, market, and shill this token all over social media, shamelessly.
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.