A new and very promising crypto is making rounds on digital investment forums looking for the next “crypto moon shot”.
Golden Inu cryptocurrency, a Binance Smart Chain-based digital currency, got added to the Pancake Swap Exchange on February 27, only a couple of days after a successful ICO on Thursday.
The new asset reached promising numbers on its very second private funding round. The “Golden Inu” was able to raise 100 BNB. The ICO was accompanied by the launch of the beta version of the BEP20 token’s Golden Quest job platform.
Initially, the ICO price for $GOLDEN was 17% lower, compared to the opening price on the Pancake Swap exchange.
Following that, the $GOLDEN token price on the platform traded at US$0.00000153000, and has since increased by 48%.
Furthermore, this is undoubtedly an exciting moment for the development team behind the Golden Inu cryptocurrency. This date marks the first time the asset is completely available for the general public to purchase.
How Golden Inu Came To Fruition
The Web3 development team behind the project consists of former investors of the popular meme coin Shiba Inu.
However, the Golden Inu team states that they were displeased to see how Shiba Inu handled the launch of Shibarium, a layer-2 technology and crypto ecosystem.
According to CNF, these former $SHIB investors then decided to band together in order to create the “Golden Horde”, which is Golden Inu’s own crypto ecosystem that contains several different classes that will serve different functions for the growth of the project.
The “Golden Horde” plays a pivotal role in development. The project places a strong emphasis on prioritizing the interests of both investors and the wider community, which is reflected in its use of a Decentralized Autonomous Organization (DAO).
This technology gives the community a major role in the success of the project by allowing them to control key decision-making processes and ensuring increased transparency.
The DAO model has the potential of creating a more equitable and democratic system, which drastically makes Golden Inu stand out against its competitors in the cryptocurrency market.
In fact, the most exciting aspect of this new project is precisely the fact that it tackles a common issue regarding meme coins: they usually fall flat when it comes to finding utility both in the real world and as digital assets as well.
In comes Golden Inu investing in a completely new and innovative ecosystem that is promising to revolutionize the meme coin space.
Golden Inu Passes The KYC Test
When it comes to investing in new alt coins, the biggest priority is always to make sure that the project is safe and legit, before putting any money into it.
The Golden Inu crypto passed the Know-Your-Customer (KYC) test with flying colors. KYC is a fin-tech that is used to verify the legitimacy of start-ups, and its resources are even used by governments worldwide in order to track and verify a new project.
What To Expect For Golden Inu In the Future
The launch on Pancake Swap further solidifies the new cryptocurrency as one with a legitimate future. Out of the 22,000+ cryptos that exist today, under 3,300 have met the standards of this platform.
The new listing on PancakeSwap has the capability of catapulting the new asset into new horizons and eventually solidifying it as one of the big players in the bep20 token world.
Ultimately, the goal of the project is to become the new “Shiba Inu Killer”. And if the development team is successful in creating an engaging and interactive community through DeFi, Golden Inu has the potential to materialize as the new big dog in town.