Today we are taking a closer Look on the INUKOROSHI Token built on Arbitrum.
Lets dive into some technical Details on it.
Staking, Simplified - The INUKOROSHI Token embodies the virtues of a decentralized system. It is held in your wallet and never in the control of an intermediary or centralized authority. Simply buy and hold and watch $WBTC rewards accrue. You will be able to Mint and Stake the Genesis NFTS very soon.
Compound - Interest, Automated - Unlike other protocols, simply holding in your wallet will provide rewards. There is no need to re-stake. Interest is always yielding in your wallet.
Interest Paid Quickly - INUKOROSHI distributes $WBTC to every $KORO Token holder each and every 30 minutes, based on the trading volume
Automated Burning Mechanism - One of the most innovative features of INUKOROSHI is an automatic token burn system named True Burn. Instead of just moving Tokens to the Dead Address on each Transaction Tokens are directly removed from Circulating Supply , Onchain.
Better protocol than the competition - We have taken inspiration from the Defi Space and built an improved Protocol
âą No Blacklist
âą No Disable Trading Functions
âą Hardcoded Feereceiver Wallets
âą Hardcapped Taxes at 15%
$KORO uses a calculated system to support its price and the rewards. INUKOROSHI has engineered a system that will function seamlessly. For $KORO Holders, you will simply see an innovative Rewards system working for you.
Auto Rewarding - The $KORO Auto-Reward feature is a simple innovation termed Buy-Hold-Earn. It provides the ultimate ease of use for $KORO holders.
Buy-Hold-Earn - Simply buy and hold $KORO Token in your wallet, watch as you earn $WBTC rewards via dividend payments directly into your wallet. Your holdings will increase every 30 minutes. (depending on Volume)
Utilizing Auto LP and Auto Burn $KORO provides an everrising Price Floor due to an everdecreasing Supply.
This means that without moving their tokens from their wallet, $KORO holders receive Dividends in "WBTC".
The Treasury - The Treasury plays a critical role in $KORO Its primary function is to support the sustainability and growth of the protocol. The treasury may also be used to fund new Products, services, and projects that will expand and provide more value to the INUKOROSHI Community. In addition, it will serve to provide funding for marketing, developer payments and salary payments.
As soon the LP ist strong enough they will Introduce more Ways to earn Passive Income.
INUKOROSHIâs Fees support the sustainability of the protocol. The fees enable crucial functions for the project. Rather than selling the Share to support the protocol, their approach is to support the sustainability and growth of $KORO through fees. A buy and sell fee benefits greatly from trading volume. Higher trading volume brings in more trader interest which in turn help the sustainability of the protocol.
The amount of fees (10% for buys and 15% for sells) allows $KORO to provide a stable high yield, distributed in $WBTC Dividends
Auto Burn - 1% of all $KORO Volume is burnt in the Dead Address and removed from Supply. The more that is traded, the more get put into the Void causing it to grow in size, which in return acts to reduce the circulating supply of $KORO and keeping the protocol stable.
I hope you enjoyed my piece about INUKOROSHI and its fascinating auto rewarding protocol built on Arbitrum. Don't forget to comment, share and like! and Dyor as usual!
