Today, we have the pleasure of inviting two key contributors of the Volt Inu - YL and Spacechick to discuss meme coins, DeFi and utilities. In this AMA session, we delved into the exciting developments and unique features of Volt Inu, a project that aims to defy the typical meme coin narrative. From discussing their transformative tokenomics to unveiling groundbreaking utilities like VoltiEco and VoltiFlex, the team showcased their commitment to building a secure and prosperous ecosystem. Additionally, we explored their strategic partnerships, marketing endeavors, and ambitious roadmap, all pointing towards a future where Volt Inu aims to surpass previous milestones and captivate a growing community of believers.
1. Can you provide an overview of Volt Inu's mission and how it aims to differentiate itself within the meme coin space?
Volt Inu: At Volt Inu, we take great pride in being community-oriented. Our cryptocurrency operates within an ecosystem that aspires to be an all-encompassing solution, offering decentralized finance (DeFi) features. Importantly, the profits generated within this ecosystem are directed back to the native token to support our deflationary objectives. By utilities, I mean we have implemented various mechanisms within Volt that allow investors not only to invest in the project but also to be rewarded as the token supply gradually decreases over time. These utilities are diverse and can be discussed in detail when the time is right. What sets Volt Inu apart is that it offers utility as a meme coin, differentiating us from the majority of recently launched meme tokens that solely focus on being memes without further substance. While those tokens are often seen as the ultimate objective, Volt provides a wide range of offerings to the community beyond mere meme creation. These offerings include VoltiFlex, an NFT collection, a deflationary exchange, games, and VoltiEco, which we can delve into further. I'm sure you'll have questions about that. This is how we differentiate ourselves by providing value that encourages long-term holding and sustains longevity. Meme coins are typically associated with a stigma of quick buying and selling. In contrast, Volt aims to foster an ecosystem where individuals can genuinely grow and reap long-term benefits from their involvement. This philosophy sets us apart from the rest.
2. What are the key updates and enhancements introduced in the Volt Inu v3? How do these changes benefit the project and its users?
Volt Inu: The primary focus of the V3 update was to revamp our tokenomics. We transitioned from a 13% buy, sell, and transfer fee structure to a 0% fee structure. This change carries several benefits. Firstly, it eliminates any barriers to entry or exit for investors, granting them the freedom to make investment decisions according to their preferences. Additionally, the absence of taxes has had a positive impact on trading volume, which we have observed recently. Particularly in the decentralized realm, we have witnessed a significant increase in trading volume. Even our centralized exchanges have consistently performed well, with an average volume ranging from 15 to 20 million. In fact, we came close to reaching a staggering 40 million in volume on our centralized exchanges. With the elimination of taxes, we are experiencing a convergence of trading volume between decentralized and centralized exchanges, enabling greater circulation of volume through the DeFi ecosystem.
3. In what ways does Volt Inu incorporate DeFi elements into its project? What benefits does this bring to token holders?
Volt Inu: One of our DeFi utilities is our decentralized exchange, which sets it apart from platforms like Uniswap or PancakeSwap due to its unique deflationary mechanism. When any token, not just Volt, is purchased on our exchange, 0.25% of that token's value is burned and sent to a designated burn wallet. This applies to trades involving Ethereum or any other token on VoltiFlex. You can observe these transactions on Dextools, where two consecutive transactions occur: one for the purchased tokens and another for the burned tokens.
Another remarkable feature in our DeFi realm is the VoLTE card, which we have been actively promoting. This card enables users to spend their cryptocurrencies while staying within the DeFi ecosystem. It supports top-ups with various tokens such as Ethereum, Bitcoin, Doge, XRP, Pepe, USDT, and USDC, allowing real-world expenditures. To obtain the VoLTE card, you need to possess 200 million Volt tokens. However, the advantageous aspect of Volt is that with a market cap of around 24-23 million, acquiring those 200 million tokens amounts to less than $100.
Therefore, if you have a substantial DeFi portfolio and wish to remain in the DeFi space, you can easily obtain 200 million Volt tokens, apply for either the virtual or physical VoLTE card, and instantly spend your crypto assets without leaving the DeFi ecosystem.
4. Could you elaborate on any specific use cases or applications that Volt Inu is developing to enhance utility and adoption?
Volt Inu: We have recently introduced VoltiEco, which offers a distinctive and innovative feature. VoltiEco is essentially an AI-powered system designed to retrieve airdrops from the cryptocurrency space. When these airdrops are recovered, a certain percentage is allocated for various purposes. Specifically, 25% of the recovered funds are distributed among individuals who stake their VOLT tokens alongside their NFTs. To participate in VoltiEco, a minimum of one NFT and 3 billion VOLT tokens are required, with additional tiers available as you progress. Stake amounts can reach up to 15 billion VOLT tokens, with a maximum of five NFTs.
VoltiEco functions by obtaining airdrops and channeling 25% of the proceeds to individuals who have staked their NFTs and VOLT tokens. Another 20% is dedicated to a buyback and burn of VOLT tokens on the chart, while 10% is allocated to a VDSC (NFT buyback and burn). The remaining 45% is reinvested into VoltiEco for its continuous improvement, creating a cyclical process. Essentially, this farming tool allows participants to stake their NFTs and VOLT tokens for a minimum of three months, after which they receive rewards, and a new pool is opened for participation. This repetitive process generates revenue for our ecosystem, facilitates VOLT buyback and burn, and supports the burning of our NFT collection, aligning with our deflationary objectives outlined earlier.
VoltiEco is a game changer as it is already operational and functioning effectively. In addition to VoltiEco, we have another significant offering called VoltiFlex, a global staking platform set to be launched sometime this year. VoltiFlex will serve as a global staking platform where users can stake various assets and receive rewards in return. These two components, VoltiEco and VoltiFlex, play pivotal roles in generating revenue within our ecosystem. To participate in VoltiEco, an NFT and a minimum of 3 billion VOLT tokens are required, while specific requirements for VoltiFlex are yet to be determined. Our ecosystem's key elements are the dragons, symbolizing their importance and centrality.
5. Can you discuss any recent partnerships or collaborations that Volt Inu has entered into within the DeFi space? How do these partnerships contribute to the project's overall goals?
Volt Inu: Lately, we have been actively engaged in promotional campaigns with various exchanges. Additionally, we have formed partnerships with influencers from different countries, including India and the United States. Notably, we have collaborated with UFC fighters and leveraged marketing mediums such as billboards and buses to increase our brand visibility. In fact, we had buses cruising around Los Angeles for several months, serving as mobile billboards for our project. The buses were adorned with our messaging, voluntarily displaying our brand to the public.
Our marketing efforts have been extensive, making it challenging to recall every detail from the past. We have a comprehensive link tree that encompasses various sections, including a dedicated portion for partnerships. It's a lengthy scroll to go through all the partnerships we have established. However, Volt Inu takes pride in its openness to collaboration. We value beneficial partnerships and are always willing to work with individuals or entities who can bring value to our project and create mutual benefits. Collaboration and fostering unity within the crypto space are core principles that guide our operations. We approach partnerships seriously and seize every opportunity that arises to further our mission.
6. What are some of the key challenges and opportunities you see for Volt Inu in the current meme coin and DeFi landscape?
Volt Inu:Our main challenge lies in dispelling the misconception that we are just another meme coin. While many meme coins are short-lived and driven by speculative trading, we aim to create a meaningful investment opportunity for individuals who are seeking long-term growth and participation in our ecosystem. It's difficult to find individuals who believe in our vision because meme coins have acquired a negative reputation. The common perception is that you buy a meme coin, wait for it to pump, and then sell it. Investing in memes is often seen as counterproductive.
Our mission is to reshape this thinking and help people understand that if they discover a promising project, whether it's a meme, blue-chip, or any other type of coin, the goal should be to support its growth and accumulate during bearish periods. Once the bull market arrives, that's when it becomes reasonable to take profits. Any premature selling or lack of faith in the project hampers its progress.
However, this challenge also presents an opportunity in the form of lower market caps. When traders exit meme coins and lose faith, those who remain committed and steadfast during the downturn are the ones who stand to be most rewarded. It's a bittersweet situation, but it instills a sense of accomplishment. Although our market cap has decreased from 100 million to approximately 25 million, we observe an increasing number of people joining our community. More individuals are actively engaging on platforms like Twitter spaces, and influencers are emerging to promote the value of Volt Inu. We perceive this as a rebuilding phase, a resetting of perspectives, and we believe we are effectively navigating through these challenges.
7. What are your strategies for building and fostering an engaged and active community around Volt Inu?
Volt Inu:Our strategy revolves around maintaining a strong and visible presence. Every day, we wake up with determination, engaging with our community on platforms like Telegram, rallying our supporters, and organizing collaborative efforts such as influencer raids. While we aim to develop and grow, we also recognize the importance of finding individuals who genuinely believe in our vision. Rather than operating discreetly or under the radar, we strive to remain active and accessible.
The Voltoshi team works tirelessly to deliver utilities, overcome obstacles, and ensure that everything outlined in our roadmap is accomplished. Their efforts keep us informed, motivated, and rejuvenated. Our strategy centers around keeping the "voltage" alive and continuously putting ourselves in front of people. We understand that repeated exposure can lead to belief, particularly in the current market environment where opinions and trends can quickly shift.
While others may change their tune based on market conditions, we pride ourselves on consistency. Regardless of market fluctuations or the direction of the industry, we stay true to our mission. Our commitment is unwavering, and we remain persistent in spreading awareness about what we do. It's gratifying to witness our Twitter followers grow, and we are dedicated to building upon our success.
There's no secret formula or magic potion—our approach is straightforward. By maintaining an active presence, staying consistent, and thriving in our endeavors, we achieve our goals. It may sound cliché, but it's the simple truth. We understand the importance of being visible, maintaining consistency, and reaping the benefits of our efforts.
8. Are there any upcoming developments or updates that the community should be excited about? Could you provide any sneak peeks into the roadmap for Volt Inu?
Our roadmap includes five key highlights, with three top ten exchanges being one of them. However, I can give you a spoiler alert that there will eventually be two more exchanges added, as indicated by the roadmap. Another highlight is a million-dollar burn at the all-time high, which is nearly a tenfold increase from the current value. Additionally, we aim to reach milestones of 250,000 holders and 250,000 Twitter followers. These particular targets have been emphasized because they provide a sense of security and assurance to investors.
Currently, we have achieved a market cap of over ten times our all-time high, amounting to 250,000,000. However, I believe it is crucial for us to surpass this level and demonstrate to the team and the world that we are not simply aiming for a specific price and then stagnating. A market cap of 250,000,000 is, in my opinion, a narrow perspective for a project of this nature. Therefore, consider this a spoiler alert that there are greater aspirations beyond this milestone.
Achieving a tenfold increase can be highly advantageous for everyone participating in this Ask Me Anything session. It is an exciting prospect to ponder. If you're interested, we can explore this further during the space discussion. These factors contribute to my bullish outlook on our current position and future trajectory.
Let's not forget about VoltiFlex, our upcoming global staking platform. It is set to make a significant impact. This platform will allow you to stake not only VOLT but also any other assets you desire. It's truly remarkable to think about the possibilities. This solution addresses the challenges faced with centralized exchanges and the uncertainty surrounding regulations from entities like the SEC. By proactively solving potential issues, we position ourselves favorably within the DeFi space. I find this problem-solving approach to be exceptionally bullish. When VoltiFlex launches, it is certain that many individuals, whether quietly or vocally, will take advantage of its features and benefits.
May 23nd, 2023
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