Strange Inu looks like the current choice token for popular crypto YouTube channels. Channels like Adam Shelton’s and Goalorious are shamelessly shilling Strange Inu. I admit, I never gave the token much thought, it was a subscriber that brought my attention to the token. I quickly did a short review of the token. But apparently, some people (that are invested in the token) did not like my review. According to them, I did not read the white paper (which is true).
It is because of this I decided to do a thorough review of this Strange Inu, in writing. So, if you are interested, want to know more about Strange Inu, or maybe you are already a holder. This article was made with you in mind.
But before we begin, you have to know that, I’m not a banker or a financial adviser. I will not be held responsible for your financial decisions. It is important to verify or fact-check the information you got from this review and make your conclusions. This article is just a guide. Consider it entertainment. With that out of the way, let’s begin.
What is Strange Inu?
According to the token’s website strangeinu.net, “Strange Inu ($STR) is an innovative hyper-deflationary token aiming to revolutionize Defi, building its Strange Blockchain, Strange NFTs, Strange Swap, Strange Metaverse, and many more.”
For those who do not understand, a hyper-deflationary token is simply (in this case) a token designed to reduce supply over time. The main goal of deflationary cryptocurrencies is to prevent the market from being flooded with the token over time while increasing the currency’s value.
The website went on to say that strangeinu ” aims to be one of the largest community-driven projects in the multiverse with 11 upcoming use-cases.”
In my opinion, these are huge promises. Surprisingly, the token has not been listed on the coin market cap or coin gecko. Let’s get into reviewing the token’s website.
Strange Inu’s website
Strange Inu is a simple, low-effort website. I’d agree if you call it basic. The description begins with a clear disclaimer.
Having that disclaimer is brilliant because it suggests the folks of this token are self-aware. The developers know a simple cease and desist letter from Marvel (the group behind the original Dr strange) could mean the end of this project. That’s why the disclaimer is so important.
The token desires to be The largest crypto community in the multiverse. The website talks briefly about the token (we have covered that).
Strange Inu’s Tokenomics
Strange inu has a total supply of 605 Quadrillion. The token uses a tax system, as it also has a reflection function. Strange Inu has a buy and sell fee of 12%. Here’s a breakdown of how the tax will be used. 1% of the 12% transaction tax will go to the marketing wallet which is supposed to ensure the growth and exposure of Strange Inu. 3% of the remaining 11% goes to the burn wallet, this is what makes it deflationary and gives it value. While the remaining 8% goes to reflection and liquidity. This is a sound tokenomics, in my opinion. Now let’s go on to review Strange Inu’s white paper and audit report.
Strange Inu White paper
The Strange Inu white paper is a well-designed one. It begins with strange inu’s vision. The vision seems well articulated. The project is about creating a good enough project that should provide utilities for end users. Here’s how the white paper puts it. “Strange Inu strongly believes that by creating strong utility within its ecosystem for its end users, it will drive sentiment and user adoption that would incentivize projects to join the Strange Inu ecosystem.”
The way the token was distributed is clearly stated above.
I think the most important aspect of the white paper is the strange inu distribution. From the white paper, we get to know that 35% of the token is secured for exchanges and listings. Team tokens are only holding 5% of the total supply and are only allowed to withdraw AFTER 2 years, etc. It is important to have these at the back of your mind. decide
A list of utilities was made available. Here’s a copy of the white paper for your downloading pleasure.
Strange Inu’s Market Cap and Liquidity
According to poocoin.com, has a growing market cap of about 3.6 million USD, as at the time of writing this review, with just 1,311 holders. These figures are going to rise in the coming weeks. Currently, the liquidity pool contains 147.52 BNB which is $59,326. This is good because you can see the token is still very early. The market cap is still very low. If you know crypto, you’ll understand that it favors early investors.
Strange Inu On TokenSniffer
On tokensniffer, Strange Inu is rated 35%. This is a poor score. This sort of puts doubts in your mind about the project. Tokensniffer highlights that Strange Inu’s contract source has both its positive and negative sides. Here are some of the negatives. Strange Inu source code contains a function that can modify the transaction fee. This is risky because the developer could stop those who want to sell from selling at any time. Also, the contract is not renounced. This could either be a good thing or a bad thing, it depends on how you look at it. But most of the time, it is a bad thing. A contract being renounced has its benefits, however,
ownership is not renounced which may allow the creator or current owner to modify contract behavior (for example: disable selling, change fees, or mint new tokens). Granted, token sniffer is not always accurate, however, contract reviewing platforms like staysafu collaborates that the owner(s) of the Strange Inu (smart-contract) can modify the maximum amount that it is authorized to transfer. This is the major issue with this project, in my opinion. On the flip side, tokensniffer lets us know that 96% of the liquidity pool is locked. Although, we do not know how long for. This makes the liquidity pool relatively safe.
Developers Behind Strange Inu
The developers of Strange Inu are unknown. We only know the YouTubers shilling it. Some people will want to pretend that this is not a big deal by citing Shiba Inu and Bitcoin. But my dear, with the control developers, have on Strange Inu This is a red flag. Again, knowing the people running the token will give you an idea whether the project’s grand vision of building its strange blockchain and all its utilities is achievable or not.
What Investors Are Saying About Strange Inu
Investors in this token are excited about the token. As a reviewer, one of the things I look out for in a high-potential project is the community. Strange Inu appears to have that. You can feel the energy in the comment section on YouTube, Reddit, and Twitter. Strange inu seems to have the marketing side on lock. Which is also a hallmark of a potential gem. Here are some of the comments.
In conclusion, this token has crazy potential. I say this because the market cap is still low. The vision of the project makes sense, it has a good marketing team and the holders are active and rabid about the project. However, the functionality that allows the developers to moderate or change the tax is suspicious and should be removed. In the interest of full transparency.