Volt Inu is a hyper-deflationary cryptocurrency that operates on multiple blockchains, including Ethereum, Binance Smart Chain, and Polygon. It aims to generate passive income through diverse revenue streams such as NFTs, altcoins, staking, and farming of stablecoins. The project also includes a range of decentralised finance (DeFi) products and services, making it a multifaceted platform within the crypto space.
Volt Inu employs a unique deflationary mechanism designed to reduce the circulating supply over time. Profits from treasury investments are used to buy back and burn VOLT tokens. Additionally, the protocol applies automatic tax to transactions, such as a burn tax on different blockchains, to ensure continuous deflation. The ecosystem integrates several products and services like DeFi exchanges, games, and NFT offerings, enhancing its utility and appeal.
Volt Inu offers various use cases across several industries. It can be used for purchasing goods through platforms like Crypto Cart, serves as a payment method for NFTs within its ecosystem, and plays a role in DeFi projects by providing liquidity and exclusive NFT access. It also facilitates fast, intermediary-free transactions suitable for business integrations, and functions as collateral in lending platforms. Additionally, it supports gaming through its presence in play-to-earn (P2E) games.
Volt Inu was launched in December 2021 as a hyper-deflationary cryptocurrency and DeFi platform, with the founding team choosing to remain anonymous. A significant milestone was the migration from V1 to V2 in April 2022, enhancing its smart contract features. Since its inception, Volt Inu has launched various products, including P2E games, been listed on numerous exchanges, and received recognition such as being awarded 'Memecoin of the Year' in 2022. Its evolution included technological upgrades and expansion in market presence across the cryptocurrency landscape.