Zoro Inu Token Review: Legit or Scam?

I noticed Zoro Inu last week, Monday because it pumped well. Today is another Monday and it is currently one of the most pumped tokens on coin market cap.

Now, many folks are calling Zoro Inu a scam coin already. Doubts around the token are exacerbated as even coinmarket cap flags the project.

This is not uncommon in the meme token space because petty scams are so prevalent in the space.

Anyway, this review was done to confirm whether the token is a scam or not. So, if you are, in some way interested, connected to, or maybe you are a holder of Zoro Inu token, this review was created for you.

Before we begin this review of Zoro Inu token, you have to first understand that “I am 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 things 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.

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What is Zoro Inu Token

Usually, I get my definition of a token from coin marketcap.com. But Zoro Inu Token is somehow different. There’s no description of the token on coinmarketcap.com. However, the website tells us that, Zoro Inu is a community-controlled deflationary token, Zoro Inu’s purpose is to develop solutions that will make the cryptocurrency space safer and easier to understand for everyone. On coin market cap, Zoro Inu is on the watchlist of over 40,000 people. And it has been moving up since it first launched. Now let’s go to review the Website.

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Zoro Inu’s Website

Zoro Inu’s website is Unique but basic. It has a manga theme about it. Which sort of deviates from the purpose of the token, as seen in the definition. The description begins with the meaning of the token (which we have gone through). We find out that Zoro Inu is a token with a deflationary mechanism. The token also has a redistribution system. 5% of each transaction is distributed as a reward to holders. The developers also claim to have locked liquidity. And employs the use of Anti-whale Encrypted Contracts. We will verify if these claims are true or false.

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Zoro Inu Tokenomics

Zoro Inu taxes its buyers and sellers 12%.  This is a high tax. However, when you factor the 5% redistributed to holders as a reflection or reward for holding the token, it becomes a little reasonable.

Zoro Inu on Tokensniffer

Through tokensniffer, we find out that the Zoro inu scores 50%. This audit score is ‘average’ and untrustworthy. Tokensniffer pinpointed that Zoro Inu has a major red flag, aside from the tax. This red flag is that the token doesn’t have enough liquidity. Another point is the fact we do not know when the locked liquidity contract will expire.

Developers Behind Zoro Inu

The developers behind Zoro Ini token are nameless, faceless. Although, they attempted to dox. However, their doxing attempt was half-baked.

What Zoro Inu Investors are Saying

I roamed the internet to find out what early investors in the token are saying about the token. So far, there hasn’t been a negative report of the token.

Conclusion

While reviewing Zoro inu token. I noticed it has inorganic followership. Most of the people interested or involved in this token were attracted through airdrops.  For a token that was launched on the 4th of March, its growth trajectory is rather deceptive. Also, although token sniffer says the has been renounced, coinmarketcap says the token’s contract, contains a variable tax rate function – this opens the opportunity for contract owners to change contract behavior (ie. change fees or transfer tokens). This suggests duplicity to me. This token is not a safe investment or rather it is highly risky. I’m not saying it is an outright scam, however I believe it is risky. The developers are undoxed. And it is just a copy of Saitama and others, with reflection the only deference. There’s nothing special about it.  If however, you decide to invest in this token, invest what you can afford to lose.

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