Wolverinu Coin Review : Legit or Scam?

Wolverinu is a token I accidentally stumbled upon. When you are a token reviewer, most of the time, you sort of get confused about the token to review. Most of the time, I get the tokens I review from coinmarketcap.com. Other times, from Reddit. A few times from random reader’s suggestion. You don’t want to be reviewing a token people don’t care about (Like I did this morning ).  In case you are wondering where I saw Wolverinu, I saw it on youtube.

If you are planning is to invest in Wolverinu, curious, or maybe you are already an investor in  Wolverinu. This review was written with you in mind. I have done the checks,  on your behalf. All you need do is to find a quiet place to read through this review.

Before I begin, I’ll like to let you know that,

“I’m not a banker or financial expert. I will not be held responsible for your financial decisions. This review is for educational purposes, consider it a form of entertainment. I did not write this review to promote or disparage wolverinu. I consider the analysis to be fair. Do your research whether or not  you are satisfied with the things I say.”

With that out of the way, let’s go.

When I am looking at a new token (Wolverinu), to confirm its actual nature (Legit or Scam), the below are the things I look out for.

Website

White paper

Market Capitalization

Liquidity Pool

Developers behind the project

What people are saying about the

(If you are a frequent visitor of this website, you should know this. For context 80% of my readership are new people)

Website

Wolverine’s website looks average in my opinion. Knowing Wolverine and being a fan, I expected something more from the website. The website is not a bad one, it just doesn’t meet the ‘wolverine expectations’. The website is SSL secure, which is always a good thing to see in a dedicated crypto website. The yellow and black combination looks like a scene in hell, ugly. But the website does the job perfectly.

Wolverine’s website description begins with a marketing attempt. A big ‘Why investors should invest in Wolverinu question’ was answered. I’m not going to dwell on that, I believe we would gradually touch everything mentioned in that space, as we gradually progress through this review.

The developers explained Wolverinu vision as;

a mission to bring order to the Ethereum blockchain and prove what a powerful community can achieve when united

I don’t know how solid this mission is, it however says one thing. Wolverinu is a meme coin, that will rely on its growing community to reach the moon.

On Wolverinu’s road map, we learn that phase one of the token (knuckles) has been concluded. The phase is what is upon investors. In phases three and four, Wolverinu has plans to establish an NFT platform and a play-to-earn game.

Tokenomics

Wolverinu is a deflationary token. What does this mean, you might want to ask?  A deflationary token becomes more valuable as time pass, as it uses a buyback system to gradually reduce existing supply. Money used for the buyback is 4% of the 10% tax upon every transaction (buy and sell). Wolverinu, also uses a reflection mechanism, as it relates holders of the token 1% upon every transaction (buy and sell) on the wolverine inu ecosystem. The remaining 5% is used for marketing. The percent allocated for marketing seem a little too much and extortive. I’m surprised nothing was allocated to the liquidity pool.

Safety

Wolverinu contract code is being accessed by certik, one of the most respected blockchain contract auditors in the world. There’s a certain air of confidence you get when you know that a project you are an interested in is being audited. Wolverinu contract code being audited is a plus. Although the report is not out yet.

Another confidence-boosting ‘feature’ of Wolverinu is the fact that the contract has been renounced. Many tokens have owners but pretend to be community-driven.  It is nice to know that Wolverinu is a community-owned project for real.


Ever heard of Gogeta Inu?


Wolverinu’s liquidity has been locked for a year. This is good news, as investors do not have to worry someone with access to the liquidity will pull a rug (steal their money) on them. Investing in Wolverinu is pretty safe within this period.

White Paper

The white paper is written in a story format. I must say that I enjoyed reading it. It took me back to 2008. When I was a boy curious about mutants in the X-men. If you enjoy reading comics, you can download the white paper and have a read. If I don’t, lol. Nothing different was said. The facts just took on a story format. I admire the creativity of whoever put that story together.

Market Capitalization

Wolverinu currently has  $28+ million market cap, according to dextools.io. For a token that just clocked 2 months, that’s an amazing number. It is important, however, know that the total supply of Wolverinu is outrageous. For context 1,000,000,000,000,000,000. Without the burn mechanism, this token will be a forever shit coin.

The total number of Wolverinu’s holders currently is 16,095. That’s a massive number if you ask me. This figure is destined to keep growing as the token gain more ground and polarity.

Liquidity pool

Wolverinu’s liquidity pools are locked in team finance. The unlock date as we said earlier is around the end of next year.  The value of the liquidity pool is $571, 407. This makes the token relatively safe for investment.

Developers of the Wolverinu

The developers of the project chose to be vague they explained who they are. This is how they introduced themselves.

“We have a team of 30 members around the world, made up of 3 devs, 4 expert graphic designers, 3 seasoned crypto advisors and not to forget, 20 moderators and our massive, ever-growing community.”

Telling the world the number of people in your team does not make you doxxed. As far as the world knows, there’s no face attached to Wolverinu.

What investors are saying about  Wolverinu

On YouTube, you’d find out that Wolverinu surprisingly (to my surprise) has massive followership. Investors in Wolverinu are upbeat about the token here are some of their comments.

On telegram, investors are shilling the hell out of the token. Ways of getting the token out was the main focus of discussion. Wolverinu telegram group looked like an actual community. Which is nice to see. 

Conclusion

I believe Wolverinu is 70% legit. Where I have my reservation is the fact the developers are undoxxed. But that’s sort of is not an issue because ownership of the token is renounced. I also have concerns about the liquidity pool. No portion of the 10% tax adds (services) to the liquidity pool. And after one year of lock, what happens?

If you enjoyed this review, kindly leave a comment. You can also share it with your crypto friends on social media. I’m thinking of starting a YouTube channel, what do you think?

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