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Sanshu Inu, the Latest Addition to the DOGE Family

source-logo  coincodex.com 30 June 2021 17:31, UTC

Popularity of meme tokens such as Dogecoin, Shiba Inu, etc. has been skyrocketing in the past few months, leading to countless new token launches and novel meme categories (new dog breeds, other animals, clones on other chains). Recently a notable addition has entered the DOGE family: Sanshu Inu. This new entrant is tackling one of the common problems of the blockchain world - price manipulation by team members. Being a community-based token, Sanshu Inu aims to address these issues and bring transparency.

Sanshu Inu

Sanshu Inu Finance is a community-focused decentralized transaction network that gives their community complete control over the project's future. Although there is a thorough roadmap planned, token holders will always be able to influence key decisions. The entire project (initial liquidity, development, website, marketing, etc.) is funded by the team, which consists of two web developers and two solution developers.

Governance is not the only strong point of Sanshu Inu. The native token $SANSHU is a fully deflationary token, meaning that it appreciates via every single transaction. Its deflationary mechanism burns 1% of each transaction and redistributes 1% as a reward to token holders.

Sanshu Inu prides itself on the inner workings of the platform, which involves:

Token Burn

Sanshu Inu publicly burnt more than 58% of its token supply. All information about the token is publicly visible on Etherscan for users to verify. Sanshu Inu does not allow large whale holdings and has a fair, equitable token distribution: the largest SANSHU wallet only holds 1.3%. 

Redistribution 

Sanshu Inu values its community and token holders, and to reward them for their efforts, redistributes 1% of each transaction among the holders, thus incentivizing holding.

Fair Launch

Sanshu Inu was launched without a reserved team token allocation, the only tokens owned by the team are the ones they bought themselves. 

Community Focus

$SANSHU is a community-based token and gives the community power over future decisions. With fully decentralized governance, Sanshu Inu promotes transparency and ensures that all voices are heard, from holders big and small, helping the ecosystem develop and grow in a coherent way.  

Flexible Management 

Sanshu Inu team consists of a small group of trusted web developers and crypto enthusiasts with aligned goals. Together they operate a flexible ecosystem and adapt to community suggestions.

Dog Park 

The Dog park is an innovative product by Sanshu Inu that allows users to stake popular meme coins to earn an index fund token. The product is live and offers farming for meme token holders for almost two months, and when finished, shifts to a rebase token to match and meet the current market cap of the Memecoin Market. 

Users can stake several popular meme coins in the Dog park, such as SANSHU, SHIB, DOGE, etc. The working module of the Dog Park is closely integrated with the Meme Fund, also known as MFUND.

MFUND Stats

  • MFUND Price: $0.15
  • Total Supply: 100,000,000
  • Circulating Supply: 6,038,384
  • New MFUND/block: 257.858636596
  • Contract: 0xddaddd4f73abc3a6552de43aba325f506232fa8a

Sanshu Inu is a new player in the market and is quickly making swift advancements in the ecosystem. In the future, the platform plans to partner with other dogs and animal tokens to create a thriving meme coin ecosystem. 

Additions to the crypto ecosystem like $SANSHU are great news, as these tokens truly adhere to the core idea of decentralization by preventing whale token holdings. Such tokens can help stabilize the overall market volatility and promote crypto adoption to the masses with a safe and exciting approach.  

coincodex.com