Golden Inu’s ERC-20 token launches on Uniswap, rallies 20%

By crypto.news July 18, 2023 In Cryptocurrencies

Golden Inu has listed its ERC-20 GOLDEN token on Uniswap, a decentralized exchange. The platform offers a dual-token ecosystem that adds “a touch of seriousness” to the meme coin sphere.

Launch on Uniswap

The launch of Golden Inu on Uniswap follows a successful crowdfunding that raised nearly $338,000 for development.

Within 24 hours, the token gained approximately 19%, reaching its all-time high of $0.00000000001.

Over 80 traders bought coins on launch day, pointing to interest from investors who might want to hold the token in the long haul. Currently, over 833 wallet addresses hold GOLDEN.

The Golden Inu ecosystem

Golden Inu aims to add “seriousness” to the meme coin market with a dual-token ecosystem. Its ERC-20 token achieves the goals of the platform’s ecosystem.

GOLDEN’s launch on Uniswap, the team says, is the beginning of a journey that includes the development of a play-to-earn (P2E) game and other utility-driven projects.

You might also like: Uniswap v4 code now available on GitHub

The Golden Inu presale

The presale of Golden Inu was successful, selling over $338K worth of GOLDEN tokens. This demonstrates the token’s potential impact on the memecoin market.

Crypto analysts are optimistic that the ERC-20 token of the “Shiba Inu Killer” will reach another all-time high similar to its BEP-20 version.

The Golden Inuverse

Golden Inverse is a game that uses the Golden Inu token. Players start on one planet, and a new one is added every 12 months.

Users must have at least 1,000 GOLDEN in their wallet connected to the ERC-20 or BEP-20 network to play.

While the game is free, users must always hold GOLDEN.

The first 111 users can enter for free, but subsequent users must pay an increasing fee in USD to join. Users earn additional GOLDEN by inviting other players.

The Golden Exchange

Golden Inu plans to develop Golden Exchange, a decentralized exchange for low gas rate token swaps between blockchains.

This will enhance the functionality of GOLDEN and other cryptocurrencies. The exchange targets Latin Americans who need access to decentralized exchanges.

You might also like: Early investors of Golden Inu’s GOLDEN are up 10X since June

The Golden Treasury

Golden Inu’s unique value proposition lies in its Golden Treasury Smart Contract. This system is designed to maximize rewards for token holders by gathering half of the profits from all of Golden Inu’s decentralized applications (dapps).

These funds are then equitably distributed among Golden Inu token holders, creating a profit-sharing ecosystem. The more GOLDEN one holds, the larger their share of the earnings from the Golden Treasury.

The Golden Inu liquidity pool

Combining auto liquidity and burning Cake-LP tokens creates an effective shield against FUD.

GOLDEN’s liquidity pool aims to be resilient during sell-offs. Even with widespread selling, the auto liquidity mechanism supports the token.

This pool serves as a “shock absorber,” balancing sell orders and stabilizing prices.

Plans ahead

The Golden Inu team has announced their plan to create a decentralized exchange for token swaps with lower gas fees across multiple blockchains.

This initiative is to enhance the utility and functionality of GOLDEN. The project’s focus on utility and development has seen its BEP-20 GOLDEN rally, gaining 640%.

The debut of Golden Inu on Uniswap and its innovative Golden Treasury system demonstrate its potential in the crypto market.

Read more: Golden Inu presale gains momentum: token burns and game launch fuel demand

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Published on

crypto.news

View the full article

You may also like