Arrival of Sanshu Inu Marks the Rise of New Era for Meme Coins
Memes Coins are gradually gaining traction thanks to the growing popularity, adoption, and community of Dogecoin and of course DogeFather, Elon Musk. Following Dogecoin, many Doge-inspired coins or other meme-based cryptocurrencies are emerging in the market bringing some exciting opportunities for the crypto community and enthusiasts.
In a bid to offer exciting opportunities to the crypto community, Sanshu Inu, a new member of the Inu family is bringing its community-focused decentralized transaction network.
Sanshu Inu is a unique and adorable coin on the Ethereum Network. Sanshu is a fully decentralized, and community-powered project.
Sanshu is a fully deflationary token which simply implies that the number of tokens would be reduced automatically after every single transaction. $SANSHU’s deflationary mechanisms include a burn and redistribution system through which 1% of each transaction is burned, and 1% is distributed as rewards to holders.
Sanshu Inu is different as it belongs to the community and is driven by a fair launch, no team token reserved, and no whales (biggest wallet currently 1.3% supply).
Sanshu Inu was launched in May 2021 and has recently unveiled their farming platform, Dogpark, for all types of animal coins. Sanshu is an ERC-20 compatible meme token, and listed on many exchanges and is expanding to newer markets.
Stake-n-Earn with Dogpark
Dogpark is a recently launched product by Sanshu Inu Finance, a yield farming protocol where users can stake their tokens in the LP and earn a secondary token.
Sanshu’s very own yield farming platform allows the staking of popular memes coins and the stakers of the LP tokens will get staking rewards in a meme-based index fund token (MFUND).
The Dogpark offers opportunities for both stakers and yield farmers with Dogpark Single Stake and Dogpark LP-FARM.
Dogpark Single Stake
Dogpark Single Stake enables users to stake their assets in order to earn MFUND tokens. Unlike other staking pools, with Dogpark, stakers can earn staking rewards anytime. The rewards in Dogpark Single Stake are calculated per block.
Dogpark also allows the staking of popular memecoins to earn MFUND. Meme index fund tokens represent a stake in an index fund, which rebases to the total Memecoin market cap.
What does Sanshu Finance have in Store for us?
Sanshu Inu Finance is a 100% community focused token with the vision of onboarding new users and allowing them to be part of a fair and decentralised ecosystem. Sanshu Inu finance has cleared its intent of being a fully community-driven project by extending the role of the community in management decisions.
Token Burn and Redistribution
The team has burned more than 58% of the total token supply for Sanshu Inu. Sanshu Inu is a deflationary token with 1% of each transaction burned, and 1% of each transaction redistributed among the holders in the form of rewards.
The team is moving towards a fair launch of $SANSHU and there’s no team tokens, no whale holdings; this simply leaves no room for manipulation. Everything is organic and entirely community-driven.
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