Twoge Inu Token Review: Legit or Scam?

Twoge Inu is a token that looks set to take the meme coins space to by storm this bear market. Twoge inu was listed on coin market cap less than 24 hours ago and the holders figure is currently above 4,000.
As I write this article, Twoge inu is currently the one of most searched token according to data from coin market cap. What this means is that the token is currently being looked up by thousands of  potential investors. All these made me decide to review this token. 

If you are curious about twoge inu like I am, or you are a potential investor just getting to know about the token, or maybe you are holding the token, already  (this demography is usually very sensitive. Try to read the review with an open mind). I desire to make new investors (even old investors) understand what they are getting into, so I try to explain crypto in a clear manner by breaking down crypto terms or whatever the developers are trying to say in basic English. Before we get into the main review, however, we first need to establish an understanding.

You need to know that “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.”

Also Read: Fresh New Tokens Listings

What is Twoge Inu?

According to information from coinmarketcap, “Twoge is an innovative deflationary token aiming to revolutionize Defi, building its own Twoge Blockchain, introducing a multi-chain swap (TwogeSwap) across Binance, Ethereum, Cronos and Polygon. By giving up 100% of token ownership to a strong and vibrant community, the liquidity pool will be permanently locked, with no “wallet blacklisting mechanism” to allow free trading and the safest.”

Well, the last time I heard “something like this” (and by something like this) I mean a meme coin that has it own block chain was Saitanobi. I do not know how that is pulling up, but it is ridiculous, when you think about it. Let us go on to review the website.

Twoge Inu’s Website

Twoge Inu’s website is basic but I like it. It’s simple and nice looking without being over the top. The most remarkable thing about the website is probably the font used. The description begins with an introduction, which we already have looked up. As you scroll further down, you’d realise the token has an nft market place, already. Which is commendable.

Again, the most interesting aspect of the website to me, is the why buy twoge section. According to the website,

“We are Developing 4 Major Projects: Multi-chain Dex ‘Twogeswap’, ‘Twoge Blockchain’ (S-Chain) , Inbuilt 3FA ‘Twoge 3FA Wallet’ and the ‘Twoge Metaverse’, a P2E Virtual Ecosystem”

In theory these are all interesting projects. However, they are just promises right now, and any project can promise.

Twoge’s Tokenomics

Through the white paper, we find out that Twoge Inu has a total supply of  1,000,000,000,000, 000. This is typical of meme coins. Investors in twoge Inu are to pay a 10% tax upon every buy and sell. Here is how the tax is distributed. 5% is sent to the marketing wallet. 3% is directed to liquidity. While the remaining 2% is redistributed to holders of Bee Inu. This is a moderate taxing.

Twoge on Tokensniffer.com

On tokensniffer, this token is rated poorly.  It scores 25%. This 25% score is a measure of how well the token contract and characteristics meet the criteria for safety. Some of the red flags are as follows.

1. Twoge inu’s contract contains ownership functionality and ownership is not renounced this may allow the creator or current owner to modify contract behavior (for example: disable selling, change fees, or mint new tokens). There can be legitimate reasons for not renouncing ownership, check with the project team for such information.

2. Twoge inu’s source code contains a fee modifier. This is a sort of similar to the above. 

3. Not enough liquidity is locked/burned which could allow for significant amounts to be removed (rug pull).

Developers Behind Twoge Inu

The developers of the Twoge Inu token are unknown. This is a red flag. For a token promising a blockchain and other crypto goodies, investors at least deserve to know those behind the project. 

What others are saying about Twoge Inu

There seems to be a paid marketing campaign on youtube for twoge inu. 5 days ago, a lot of YouTubers who probably do not care about their audience produced and uploaded contents shilling this coin, calling it best thing since rice and stew. And on their comment section, a lot of investors who do not know better are praising them and the token. Here are some of the comments. 

Conclusion

This project looks like a project that will disappear when the time comes. The red flags are many. The idea is unoriginal, cliche and lacking focus. Although I think they have a very good marketing set up. Investing in this token is very risky. If you insist on investing in this token, put in what you can afford to lose. 

If you enjoyed this review, kindly share this article with your crypto friends and enemies.

Kindly subscribe to our YouTube and Telegram Channels. By subscribing to the channel and group, you’d never miss out on the early information you need to succeed in the crypto space.