What is a Sanshu Inu? Sanshu Inu is a meme coin project built on the Ethereum Blockchain that offers passive income to its users. In this article, you can find answers to frequently asked questions such as what is Sanshu Inu, what it offers, how to buy SANSHU Coin, what it is used for. As Kriptokoin.com, we have researched and compiled for you.
What is a Sanshu Inu? What does it offer?
Sanshu Inu is a meme coin project built on the Ethereum blockchain. The project stands out by offering its users the opportunity to earn passive income. The project does this by distributing token rewards to users on each transaction. The project has a native cryptocurrency called SANSHU coin. SANSHU is a token created with an ERC-20 smart contract. For each transaction made on the platform, 1% of the transaction fee is burned, and 1% is given back to the token owner. Users can earn passive income this way.
Burned tokens are sent to a dead account and removed from circulation. In this way, the token supply decreases and the price rises in the long run. In addition, the project has a decentralized application (dApp) called Dogpark. This dApp is a yield farming platform that allows users to collect and stake tokens. Similar to the Shiba Inu, the team behind the dog-themed meme coin aims to expand into the metaverse, augmented reality, gaming and NFT space. At the time of writing, the project had a market cap of around $6.3 million.
What is SANSHU coin used for?
For transactions with SANSHU coin, 1% of the transaction fee is refunded to the user. In addition, Sanshu Inu also includes the staking feature. SANSHU holders can earn additional token rewards simply by locking their assets to the platform. SANSHU is also a governance token. Users holding SANSHU can vote on decisions made about the future of the platform.
What are the advantages?
Holders of Meme coin can earn passive income at maturity by locking their tokens on the platform for a certain maturity. Users who transact with SANSHU coin receive 1% of the transaction fee they paid back as a reward.
What are the disadvantages?
Sanshu is relatively new among dog-themed meme coin projects. Competition in this area is quite high. Dogecoin needs to compete with big competitors like Shiba Inu and Baby Doge. Storing the meme token in virtual wallets brings with it the possibility of cyber attacks. This disadvantage can be overcome by moving assets to a hardware wallet.
How to get Sanshu Inu?
Investors interested in the Sanshu Inu project are looking for ways to get SANSHU coins. SANSHU is currently listed by some crypto exchanges. These exchanges include LBank, UniSwap, Bilaxy, Hotbit, and BKEX. Interested investors can purchase SANSHU tokens by signing up for one of these exchanges and depositing money.
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