Inuyasha Token Review: Legit or Scam

Hey there! Today has been very fulfilling. Arsenal won yesterday and God has shown his strong hands in my life. Enough of personal stuff. We are talking about Inuyasha today. Yeah, I know, this token is probably not popular yet. But my recent decision to be proactive has led me to want to review the token. Also, the fact that I saw it as the number 8 trending coin on CoinMarketCap.com and being 300+ up in the last 30 days, even in this dip was enough motivation to run a review of Inuyasha.

If you are an investor looking for the next 1000x, and you found Inuyasha, you need to pay close attention to this review.

The goal of this review is to demystify new or relatively unknown altcoins like Inuyasha. To make it simpler for ‘new’ investors to understand and maybe expose it, we found out tilting toward the scam scale. Before we get into reviewing Inuyasha, you and I need to agree on something very important.

“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 review is just a guide using facts, consider it alternative entertainment.”

With that said, let get on with it…

Inuyasha’s website

Inuyasha’s website is perhaps one of the most basic websites in the world. The dev team seems to have chosen message over design. That option, however, seemed to have given the website a low “effort energy,” which is honestly not a good sight. I, however, like the fact it is SSL secure and dynamic, and optimized for mobile view. The description begins with what seems like a little technical crypto language. Here is how it was placed.

“Community Driven IncuLaunch. Bringing community-driven Incubator and Launchpad to space. InuYasha Holders Votes for projects to be Incubated and Launched on YashaPAD.”

Now, let us break down these ‘unfriendly’ crypto terms.

IncuLaunch is a combination of Incubator and Launchpad. Crypto incubators are companies that search for potential successful projects and give them a helping hand throughout the critical stages of their development. While Crypto launchpads, often referred to as IDO platforms, are platforms for launching new coins, crypto projects, and raising liquidity. An IDO is a platform for crowdfunding for any new project launched on a decentralized exchange platform using coins or tokens. So in simple terms, Inuyasha is a platform that helps community-driven tokens launch, gain stability, and become successful. Clifford Inu is one of the projects that was launched under Inuyasha.

There are 3 important features in the Inuyasha ecosystem. These features are Yashapad, Yasha Incubator, YashaDoa.

YashaPad

YashaPad claims to support safe and secure projects. Every project on Yashapad goes through a vetting system which helps to verify the authenticity of the project.

Yasha Incubator

Yasha Incubator claims to assist promising dev teams to launch their Blockchain Game, Protocol, Meme Tokens, or any other token. All project goes through a vetting system.

YashaDoa

YashaDoa is a decentralized platform for Yasha Community to Vote for YashaPAD Launches and Project Incubation. 
Project Launches on YashaPad are made safe through Community Voting on YashaDAO.

Inuyasha Tokenomics

InuYasha token has a total Supply of 100Billion tokens, for context 100,000,000,000. There’s a 10% tax on each transaction. Here is how the compulsory 10 tax is distributed (used). 2% from the 10% from tax is used as a reflection. For those who do not understand what reflection is. Reflection is simply a reward mechanism to encourage holders of any token to keep holding. This means that, as transactions are being carried out in the Inuyasha ecosystem, holders share 2% of every transaction, making them earn passively while holding the token.

5% is sent to the marketing wallet. Which provides the cash that enables the dev team behind Inuyasha to promote the token to potential investors.

While 3% is added to the liquidity pool. This makes buyers and sellers of Inuyasha conduct transactions seamlessly.

In my opinion, this is a well-thought-out tokenomics. The token doesn’t have an outrageous total supply, like some thoughtless project.


Also Read; MetaPets Review: Legit or Scam?


Inuyasha Token White Paper

Unfortunately, although they provided a section for the download of their white paper, there was no white paper available for download. It is either their white paper is being worked on or there might be a technical issue with their website. However you look at it, that isn’t a good look. There’s a nebula audit report that concluded like this,

“We thoroughly analyzed Inuyasha’s Smart Contract. The current code
base is well organized but there are promptly some low-level Type issues found in the first phase of Smart Contract Audit. Meanwhile, we need to emphasize that smart contracts as a whole are still in an early, but exciting stage of development. To improve this report, we greatly appreciate any constructive feedback or suggestions, on our methodology, audit findings, or potential gaps in scope/coverage.”

The nebula audit report certified Inuyasha token’s contract to be satisfactory. Nebula is an Indian crypto contract audit firm based in India. I can not vouch for their industry reputation as I had never heard of them prior.

Market Cap and Liquidity Pool

According to Dextool.io, the Inuyasha token currently has a $28,265,687 market cap. For a token that was released in October, this is a slow but progressive market cap.

Again, Dextool.io has the Inuyasha liquidity pool estimated to be $1,530,038.60 and locked in Uniswap V2. I could not determine the liquidity lock time frame, at the time of writing this review.

Currently, there are 5800 holders of the token. This shows you this token is slowly progressing organically. There are no whales (unhealthy big bag holders) in the Inuyasha ecosystem, this is commendable. It makes it healthy and not susceptible to inorganic dumps.

Developers Behind Inuyasha Token

The Inuyasha dev team is not doxed. I do understand it is a DOA. I also understand  DOAs usually have stakeholders/leadership structures. There ought to be a doxed team. But not all legitimate projects have doxxed teams.

What investors are saying about the Inuyasha Token

On YouTube, from a month ago,  investors are bullish about the project and you can tell the excitement around the project is not misplaced.

On Twitter, supposed investors are also bullish about the token.

Conclusion

There are so many positives about the Inuyasha token. You can tell it was thought out. The token has utility and it is just another “play to earn” shitcoin. There are some projects under it already, Clifford Inu and Guzzler and more serious dev will be looking to work with Inuyasha token platform. Investors are bullish and excited about the future of the token. I believe the Inuyasha token is legitimate. However, Inuyasha token’s website is not encouraging, there was no white paper, at the time of writing this review, which I consider bad. The dev team is undoxed.

If you enjoyed this Inuyasha token review (or not), kindly add your voice in the comment section. Listening to my readers motivates me to do more. Also, you can share this review with your crypto friends. Check other reviews I have done, you never know, you might just see a gem you don’t know about.

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