What is Volt Inu? All You Need to Know About VOLT

What is Volt Inu (VOLT)?

Volt Inu (VOLT) is a meme project built on the Ethereum blockchain. Unlike other meme projects, Volt Inu has a clear vision to become the backbone of crypto growth using two strategies - the burn mechanism and the reflection mechanism.

The Volt Inu ecosystem is still undergoing development, and it consists of the VoltChange, Volt NFT, VoltiCard, VoltiGames, and Volt Flex, which is currently a mystery set to launch later.

Like other blockchain projects, Volt Inu is designed with the utility needed to solve global problems. This article will explore the Volt Inu ecosystem and how crypto enthusiasts can participate in the project.

History of The Volt Inu Project

Volt Inu was launched on the Ethereum blockchain in December 2021. Subsequently, it included Polygon and Binance Smart Chain (BSC) in its list of supported blockchains. Little is known about the team behind Volt Inu, as they chose to stay anonymous, a widespread practice among developers of meme projects.

By February 2022, VOLT was listed on PancakeSwap, which helped skyrocket its popularity, so its market capitalization rose to $100 million. It was listed on Gate.io in September 2022 as a part of its growth and marketing strategy.

In March 2022, Volt Inu hit another milestone by announcing the launch of VoltChange, its decentralized exchange, and by April, it launched its Volt NFT for members of its community. The two platforms allowed the Volt Inu ecosystem to achieve its vision of making crypto tokens deflationary, increasing the value of their projects.

Subsequently, Volt Inu created and launched its staking platform, a play-to-earn game, and a charity fund. These products and services Volt Inu launched have helped to differentiate it from other meme coins without utility.

In April, the Volt Inu project migrated from V1 to V2 to resolve several problems when listing its tokens on centralized projects. The main issue was its excess of 19 price decimal places embedded in its smart contract, and the VOLT token supply cap of Sixty-nine sextillion (69,000,000,000,000,000,000,000) also raised concerns. After the issues were resolved in the migration, users’ V1 tokens were sent to the migration wallet and returned as V2 tokens.

Later, in May 2023, Volt Inu carried out another migration to its V3, which was set to address taxation on-chain for VOLT transactions. The project announced its aim to be the people’s crypto, and one mitigating factor was the on-chain taxes on buying, transferring, and selling transactions. The V3 migration was to remove the taxation on the three blockchains the Volt Inu project operates on and to encourage more centralized exchanges to list VOLT.

How Does It Work?

Burn Mechanism

The burn mechanism is a deflationary approach used by projects to burn a portion of tokens, aiming to decrease the supply of tokens over time and increase their value.

The Volt Inu project uses the burn mechanism to power its VoltChange decentralized exchange. This enables the platform to burn a portion of any ERC-20 and BEP-20 tokens traded on VoltChange by sending the tokens to a designated “BurnAddress,” allowing even tokens that weren’t deflationary by design to reduce the overall supply of their tokens, create a more stable token price and increase liquidity.

The innovative approach provides the benefit of automation efficiency, transparency, and sustainability. The burn mechanism is automatically executed on each trade by burning 0.25% of the transaction value. The amount burned is designed to be transparent for public view and immune to manual intervention. Thus, users can see how many tokens get burned and how it affects the supply.

According to a report by Certik, a smart contract audit entity, the burn mechanism powering VoltChange is innovative yet susceptible to a currently unsolvable vulnerability. A successful hack into the BurnAddress of Volt Inu’s ecosystem can reverse the deflationary progress made in the cryptocurrency space.

Reflection Mechanism

Reflection Mechanism is a reward system that allows the VOLT token to act as a self-generating income source. With each transaction fee earned in the Volt Inu Ecosystem, a portion is burned while another portion is set to be redistributed among VOLT holders.

This mechanism encourages token holders to hold onto their assets and earn rewards while alleviating the negative sell pressure caused by early holders liquidating their VOLT assets. It also removes the need for VOLT holders to sign up to staking pools or move their funds around, protecting them from exposure to bad players in the crypto space.

The mechanism also bolsters VOLT’s liquidity. Enhanced liquidity refers to the ease with which tokens can be bought and sold, which would make Volt Inu a more attractive choice in the market. Volt Inu’s creators have devised a multifaceted revenue generation strategy that involves staking, yield farming, and the creation of NFTs. The rewards generated would be used to find buyback strategies that would further increase the value of VOLT.

Features of The Volt Inu Ecosystem: VoltChange, Volt NFT, VoltiGame and VoltiCard

VoltChange

Image Source: Voltinu.in

VoltChange is a decentralized exchange built on the BSC chain. It has a user-friendly design, making it more accessible to traders of all skill levels, and it utilizes features unique to the Volt Inu ecosystem, such as Automatic listing, deflationary tokenomics, and staking.

VoltChange automatically lists all projects that are listed on Uniswap and PancakeSwap. This makes it easier for users of the two major decentralized platforms to find and trade their favorite assets.

The deflationary feature burns tokens over time while providing staking rewards for holders of the VOLT token. The platform is focused on onboarding users looking for a user-friendly, secure, and liquid platform to trade cryptocurrencies at lower fees.

Volted Dragons Sailors Club (VDSC): Volt NFT

Image Source: Voltinu.in

Volt NFTs are a collection of 10k unique dragon NFTs integrated into the Volt Inu ecosystem. The developers behind Volt Inu announced plans to create an NFT marketplace in the ecosystem for trading Volt NFTs and other listed Collections.

Volt NFTs provide holders exclusive access to future collections, real-world events, meetups, and a share of certain revenues within the VOLT ecosystem.

The exclusive access also includes early access to new products and services launched in the ecosystem, with the opportunity to meet other Volt Inu enthusiasts. Finally, Volt NFTs are unique 3D collectibles that the owner can customize. This would allow users to create NFTs that reflect their personality and interests.

VoltiGames

Image Source: Voltinu.in

VoltiGame is a play-to-earn (P2E) game built on the BSC chain. The games allow players and users to utilize NFTs and compete for rewards.

The game claims to be free-to-play, but players must hold Volt NFTs to participate in competitions. The VoltiGame is still undergoing development, with the alpha version already available for PC users.

The games are designed to be single-elimination, battle royale tournaments, and the last surviving player is declared the winner. Players can also earn rewards, which include Volt tokens, Volt NFTs, and other prizes.

When fully developed, the VoltiGame community of players will help to promote the game, making it attractive for new players.

VoltiCard

Image Source: Voltinu.in

VoltiCards are prepaid debit cards powered by Visa. The cards allow users to spend their Cryptocurrency assets in real-world stores on everyday purchases. VoltiCards are currently only available as virtual cards, but a physical card is expected to be released soon.

The cards are usable in all terminals that accept Visa cards. The low transaction fees associated with the VoltiCards make them a cost-effective way of spending cryptocurrencies without converting to fiat or using traditional finance establishments.

The Volt Inu Blockchain infrastructure provides the security needed to keep the cards tamper-proof, ensuring that users can be confident in the ownership and authenticity of their cards. VoltiCard users can also expect cashback, airdrops, and other rewards.

VoltiEco

Image Source: Voltinu.in

VoltiEco is a part of the Volt Inu ecosystem that fully integrates AI. The feature combines AI with blockchain tech to automate entry into various airdrops by identifying and qualifying for them, saving Volt users time and effort.

The multi-phase solution targets published airdrops, qualifies, generates revenue from the airdropped tokens, and brings it into the Volt Inu ecosystem. The generated income would be shared by moving 45% to the VOLT ecosystem operations and airdrops, 25% to the VoltiEco farming pools, 20% for VOLT buybacks to be burned, and 10% to VDSC buybacks to be burned.

This would help maximize financial value creation for the Volt ecosystem through staking, yield farming, and liquidity mining.

What is the VOLT Token?

Image Source: Voltinu.in

The VOLT token is the native token of the Volt Inu ecosystem. It’s a deflationary token designed to increase in value while being used to pay for features and services within the ecosystem. The token can be used to conduct transactions on VoltChange DEX, utilize VoltiCards, purchase Volt NFTs, and participate in Volt’s GameFi infrastructure.

Since Volt Inu is designed to make other projects deflationary, the VOLT token would be the backbone of pricing and value control within the crypto space. The Token can also generate passive revenue through holding and staking. It allows its holders to participate in governance activities that can be profitable for investors.

Is the VOLT Token a Good Investment?

The Volt Inu (VOLT) project is focused on increasing the value of its token, VOLT, and other ERC-20 or BEP-20 tokens traded through its platform.

Its unique deflationary and reflective design allows users to actively participate in its ecosystem, an attribute missing from most meme projects. Holders of both the VOLT token and Volt NFT are set to earn additional rewards as ecosystem members.

The decentralized VOLT token also gives holders governance rights, allowing them to make decisions that improve their value in the long run. This would encourage active participation in the Volt community, guaranteeing its long-term sustainability.

How can you own VOLT?

To own VOLT tokens and become a part of the Volt ecosystem, users can follow a simple process:

Setup a Wallet

One way to own VOLT tokens is through a crypto exchange. The first step is to create a Gate.io account, complete the KYC process, and add funds to the account. Users can also create a decentralized wallet like Metamask.

Utilize the VOLT Tokens

Once a user has acquired VOLT tokens, they can stake them or purchase Volt NFTs.

Explore the Ecosystem

With the acquisition of VOLT tokens, users can explore the wide range of functionalities offered by the Volt Inu ecosystem, from the DEX to the cards.

Take Action

Users can sign up and purchase or trade VOLT tokens here.