Created by Polarfox Labs, Akita Inu is a popular ERC-20 memecoin designed similar to Doge and Shiba Inu. In this article, “What is Akita Inu?” We will answer the question. In addition, we will touch on other questions about the project.
What is Akita Inu? What does it do?
Akita Inu is considered a 100% decentralized cryptocurrency. The team behind Akita Inu describes it as Dogecoin’s younger brother. Its founders are unknown and it is a community focused cryptocurrency. Because it is community driven, people in the community have a say in what the Akita Inu is with their protocol. The differences between Akita Inu and Shiba Inu are token metrics. The project community is supported by the AKITA network foundation, which will form an unincorporated, non-profit association. The contract of the project and various organizations such as social media platforms and web space are fully funded and developed by the AKITA foundation with the support of the community. The AKITA foundation is trying to provide material that anyone can understand the functions of smart contracts.
What is AKITA coin?
AKITA coin is the native token of Akita Inu. Additionally, the cryptocurrency is a 100% decentralized token. It launched on the Crypto market in February 2021. Initially, the Akita Inu started by doing hands-on Uniswap trading. However, he soon found a space of his own. Most of the token supply is owned by Vitalik Buterin, the Founder of Ethereum. He invested the remainder in a smart contract at Uniswap. This helps provide exceptional liquidity for the token.
How does the Akita Inu work?
Additionally, Akita Inu has a total supply of 100 trillion AKITA. It is also planned that half of this supply will be transferred to Vitalik Buterin’s Wallet. Vitalik Buterin is the founder of Ethereum, one of the largest cryptocurrencies in the world. Akita Inu is actually built on the Ethereum network where the other half of the supply is locked in a Uniswap Pool. Uniswap pools are pools where ERC-20 tokens of the Ethereum network can be traded, borrowed or loaned in a completely decentralized manner. In these pools, funds are locked through smart contracts, which are codes that make it possible to decentralize each and every transaction.
How to buy AKITA coins?
Akita Inu is currently traded on numerous cryptocurrency exchanges. In addition, people who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where Akita Inu is traded are listed as follows: OKX, CoinTiger, MEXC, Gate.io. Users who want to invest in the project should open an account on one of these exchanges.
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