Introduction to Wakanda Inu
The cryptocurrency market is always bursting with new trends. The latest one is the meme coin.
You must have heard of cryptocurrencies like Dogecoin, Shiba Inu. And also the infamous Squid Game crypto. These tokens have origins from popular culture like memes and entertainment media.
Thus, another meme coin is now shaking the African cryptocurrency market. This token called Wakanda Inu has sharply risen by around 187% at the time of writing. That happened in just a week after its launch! That has made it a hot trend in the African Internet community.
In this Wakanda Inu review, we will give you all the necessary information you need to know to know to make wise choices on Wakanda Inu.
History of Wakanda Inu
Wakanda Inu was launched on 8 November, 2021.
It was created on the Binance Smart Chain by “a team of developers”. That is according to their site. The Black Panther comics inspired the name.
After, Pancake Swap listed it with the currency code: WKD. One can buy them with Binance coins (BNB). The initial price was $0.00000006. Afterwards, over the next week, its value rose by around 185%. That rivalled other popular meme coins.
Design of Wakanda Inu
The Wakanda Inu website gives little information or details about the developers of the coin. However, we discovered that Wakanda Inu is a BEP-20 token on the Binance Smart Chain. One creates those types of cryptocurrencies on already existing blockchains. They also do not require very advanced skills to make.
We also discovered the following about Wakanda Inu’s tokenomics. That includes details about its supply.
Wakanda Inu’s tokenomics
- The maximum supply of the token to be issued is 1000 trillion WKD.
- The treasury plans to remove 750 trillion $WKD from circulation in monthly burns for five years.
- The remaining total supply will then be 250 trillion $WKD
Also, fom the Wakanda Inu site, it claims that the token allocation will be:
- 20% to marketing.
- 10% to development.
- 36% for public sales.
- 30% to liquidity.
- 4% to charity.
Wakanda Inu’s Plans
The Wakanda Inu site posted a list of goals for the token on its homepage.
- Building a community.
- Employing a core team developer and other units.
- The website launch
- Public sale
- Listing of the token on Pancake Swap.
- Provision of liquidity
- Burning of 12.5T from the treasury.
- Coin Gecko and CoinMarketCap listing.
- Marketing. Such as referral campaigns, advertising and promotion, KOL, Wakanda Machinery, Wakanda Legend, Wakanda panther.
- Centralized exchange discussion and listing.
- Community voting on what applications to build.
Wakanda Inu’s economics
Wakanda Inu’s market capitalization is unavailable as of now. But the developers claim it is $14,727,487.62. Similarly, its circulating supply is also unknown. It has a total of 985.6 trillion units supplied. Its current 24-hour trading volume is nearly 9 million USD.
In addition, it may have several thousand holders.
How to buy Wakanda Inu
You can purchase the Wakanda Inu token on PancakeSwap, Quidax and Obiex Exchange. Wakanda Inu is not yet listed for trade on more centralized exchanges like Binance and Coinbase.
Follow the steps below to purchase your token.
Buying with PancakeSwap
You can buy the token using either BNB or BUSD on PancakeSwap. First, fund your Trust Wallet with Smart Chain BNB. And then proceed to exchange some of your BNB with the token.
Wakanda Inu Forecast
In light of all you have read, you are probably wondering what is in the future of the token. Will its success be long-lasting? Also, is it here to stay, as many blogs claim?
To answer these questions, we must consider what we know of Wakanda Inu.
Wakanda Inu is just another addition to the current trend of meme tokens trying to ride on the success of the famous ones. It is not a new technology. In addition, anyone can create assets like that in a few minutes. Therefore, that is why we believe that the token has no real future. It is a bubble waiting to burst.
We expect the token to rise more in a short period. Afterwards, the value will fall sharply when the market becomes saturated. And also when demand falls.
Like most meme tokens, all it has is branding by appealing to Internet popular Internet culture. Its market is also purely speculatory.
However, despite its recent slump, we still expect the value to rise. But note FOMO drives most demand for Wakanda Inu and nothing else tangible.
Furthermore, the developers remain secretive about some details, suggesting it is possibly just a pump and dump token.
We advise you to be careful while investing in Wakanda Inu as its future is likely not to be bright.