Volt Inu Token Review: Legit or Scam?

Volt Inu is a new token that is gradually gaining popularity among small-cap meme token investors. However, many investors are calling it a garbage coin. The idea behind this review is to examine Volt Inu, to find out if it is just another scam coin, or whether it’s a token that is a good investment option.

Hence, If you are about to invest in Volt Inu, or maybe you are just curious about it. You are in the right place. I have done all the investigation on your behalf. All you need to do is to stay with me till the end of this review.

Before I begin, you need to know that,  I’m not a banker or a financial expert. I will not be held responsible for your financial decisions. Kindly consider this review alternative entertainment.  Without further ado. Let us begin the review.


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So? What is Volt Inu

According to coin market cap, Volt Inu is a highly deflationary token on the Ethereum blockchain. Volt Inu keeps growing through the use of true deflationary techniques and additional revenue generation.

What this means is that Volt Inu like the countless inu tokens out there is a meme coin that is built on the ethereum blockchain. If you are new to crypto, terms like highly deflationary and deflationary techniques can get a little confusing and overwhelming. Here’s a simple explanation of what they mean.

A highly deflationary token or a hyper deflationary token is one with a depreciating supply of coins. In other words, the number of coins in circulation decreases, making an individual coin more valuable. While deflationary techniques are ways through which token circulating supply is reduced.


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Volt Inu’s website

Volt Inu’s website has a simple design that makes it sort of unique. The description begins with a brief about section. Where we find out that, volt Inu is a hyper-deflationary token whose aim is to invest in multiple asset classes such as NFTs, nodes, altcoins, staking & farming of stablecoins.

Profits made from these investments are then used to buy back & burn $VOLT tokens. In addition to this deflationary technique, $VOLT has implemented an automatic 4% burn tax on BSC.

Also, we find out, through Volt Inu’s whitepaper, that Volt Inu has plans to launch a play-to-earn game later in the project.

Tokenomics

Although Volt Inu is an ethereum based project. It also exists on the Binance smart chain through bridging. Volt Inu has a total supply of 69 sextillions across ETH and BSC. Even as a meme coin, this is a ridiculous level of supply. The ethereum tokenomics is slightly different from the BSC tokenomics.

For ethereum buy and sell tax is 13%. This means that whenever an investor decides to buy Volt Inu token, a 13% tax is deducted from his initial investment. In my opinion, this tax is high.  This is how the ethereum tax is distributed.

1% is used as reflection which goes directly to each holder from each transaction. For those who do not know. A reflection token rewards loyal holders of the token by giving a certain part of the tax to the holders.

4% is added to Volt Inu’s liquidity. This facilitates smooth transactions in the Volt Inu ecosystem. 

4% is sent to the ‘marketing’ and ‘development’ wallet. This is just a fancy word for dev wallet. Ideally, this wallet is supposed to cater for the promotion and development of the Volt Inu project. However,  whatever they do with this money is outside the purview of investors. Developers take advantage of this a lot.  In my opinion, the 4% allocation is high.

4% is sent to the treasury wallet. Which ought to be where the developer gets funding to invest in the platforms they outlined. The BSC Tokenomics is all the above, except that 4% is sent to a burn address, which facilitates deflation. 


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Volt Inu on Token Sniffer

Through tokensniffer, we find out that Volt Inu is 90% safe. This is extremely good.

According to Tokensniffer, the negative in volt Inu is the current transaction tax which is 13% for buying and 12.9% for selling. This tax in my opinion is high and token sniffer agrees with me. The other negative things about this project are that the contact is unoriginal. Aside from this, the token is seemingly in good shape. The ownership has been renounced, the liquidity is locked till December amongst many other positives.

Developers Behind Volt Inu

The developers behind volt Inu are unknown. These days, being doxxed is not enough anymore. It has gone beyond just doxxing. Now the developers’ antecedents and credentials matter in the grand scheme of things. The main idea behind this token is about the investments,  buybacks, and burn. However, nobody knows whether the developers are investment experts or novices. The fact we just do not know anything about the developers of this project is a red flag. 

Conclusion

Volt Inu has both positive and negative attributes. But in my opinion, the positive outweighs the negatives. On the negative side, the supply takes meme to another ridiculous level. The tokenomics is exploitative and seems to be designed to progress the course of this unknown developers. On the positive side, the contract is relatively secure and safe. The ownership has been renounced. The token’s susceptibility to a rug pull has been lowered. There’s adequate liquidity etc. The token is not a scam, however, much should not be expected of it after a certain stage in its life circle.

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