Solana Inu is a utility token that was created on the basis of the Solana Smart Chain. This is another dog meme coin similar to DOGE only powered by Solana and with a trading option on numerous decentralized platforms. Staking and farming are also available for the members of the community that is rapidly growing as the project develops.
Not much is known about the company and personalities behind the platform. The official twitter account says that the office is located in Solana Beach, California, just like Solana.
The whole roadmap of the project includes 4 stages. The first stage begins with the launch of the token listed on numerous DEX platforms and strategic airdrops distributed across supporters. Also, the company creates an INU/USDC liquidity pool at this step.
The second phase is devoted to the burning procedure. The team has decided to send tokens to the so-called “Solana Gods” naming famous crypto influencers Sam Bankman-Fried and Anatoly Yakovenko for that. In this fashion, they were following the pattern of Shiba INU founders who sent their tokens to Vitaly Buterin in May 2021. This is done for financial reasons but the choice of recipients includes the promotion element as well.
The third phase is devoted mainly to the creation of INU DEX as yield farming is integrated on the platform. The team launches a staking app and a faucet.
The main activity of the fourth stage is the further expansion of the asset as it gets listed on CEX exchanges. The team also works over more DEX listings and starts charitable donations simultaneously.
Development of Solana Inu
Solana INU has become the first meme project on the Solana chain. On October 31, 2021, Early Adopters Giveaway was organized. $100 in $USDC was given away to five randomly selected holders to attract new users to the platform. Many cryptocurrency holders were surprised when they discovered INU in their wallets.
On November 2, the platform launched 10,000 Solana INU token airdrops. The conditions were very simple. The participants should have held 10,000 INU, followed Solana INU’s Twitter account, retweeted the post about the event, and tagged 3 friends.
Solana INU token
As for the distribution of tokens, the biggest share of 25% is allocated for an airdrop to attract new users and to increase the community. 20% is allocated for farming and staking. The same share goes to liquidity incentives. Also, the same amount is devoted to the marketing expenditures of the project. Strategic partners receive 10% of tokens, while 5% of tokens are given to the team that develops the project.
3.1% is allocated for charitable donations. Thinking about the future of the platform, the founders included expenditures on the sacrificial burn as it is called on the site. Thus, 6.9% of tokens go there.
The total supply is 1 billion INU. The initial listing price of the token was 0.000001 USDC on Serum DEX.
Where to buy Solana INU token
The tokens of the project have become available to users using a fair-launch model through a direct listing on Serum DEX. All cryptocurrency holders had an equal opportunity to purchase INU tokens since they were released.
Dexlub DEX, which is a fully decentralized exchange on Solana, has become the first platform that enlisted the token. Solana INU is also traded on Aldrin and Raydium exchanges. On November 7, 2021, HAMSDEX added the token to the list. On November 9th, 2021, it was enlisted on SolApe DEX. The token also has a liquidity pool on Atrix Protocol powered by Solana. Those who want to buy INU can go to the platforms mentioned above to trade INU-USDT or INU/SOL pairs.