What Is Wakanda Inu (WKD)?
Wakanda Inu (WKD) is a collaborative digital meme token that carries the purpose of being alive. Alive here refers to the concept of being connected with the community for providing services to them.
The platform highlighted the daily life struggles faced by individuals while living in a community. Therefore, the Wakanda project (WKD) was developed with an objective to bring humanity to the community. The platform focuses on the essence of living together as a community.
The project Wakanda (WKD) is an inspiration from the term Ubuntu. The Ubuntu term explains that one must be humane and ensure humanity is core in the heart. Besides this, Wakanda Inu (WKD) is named after an African dog. The token Wakanda Inu (WKD) has taken inspiration from the features of this African dog. Therefore, the platform claims to have energy and stamina like the African dog. The token also aims to bring growth in decentralized finance activities across the globe. The ticker available on the platform is WKD.
As per the whitepaper, the WKD token provides the following features:
Transparency: The platform is able to ensure transparency because there is no private sale held for the token. No exceptional allocation of the token happens even for the team members. Unlike other platforms, the team members are eligible for the token distribution as per the whitelists process. Further, 80% of the revenue generated via the public sale is used in the liquidity, and the rest is locked.
History of Wakanda Inu (WKD)
The road map of the token shows three phases to depict the progress. These phases are:
Building of the ecosystem, development of the core team, the launch of the website, then public sale execution and listing on several exchanges.
Secondly, removing tokens from circulation, locking tokens, liquidity raising, and auditing. Further, the referral campaign, marketing, advertising, and promotion in the same phase get accomplished in the system.
Finally, the third phase involves listing of the token and a centralized exchange discussion. The platform initiated planning in the community through voting to introduce farming, NFT, DEX, staking, etc. in the process. In addition, swapping of $WKD from BinanceSmart Chain to other chains also takes place at this stage.
The token has a maximum supply of 1,000,000,000,000,000 WKD along with the total supply of 250,000,000,000,000 WKD.
How Are New Wakanda Inu (WKD) Created?
The Wakanda Inu has reduced supply nature, due to which the platform aims to promote the use of DEX in the system. However, the CEX (centralized exchange) system of the platform is also safe and secure. Additionally, the token functions on the Ethereum foundation, thus securing the network using the proof-of-work consensus algorithm that shelters the ETH.
Moreover, the BSC (Binance Smart Chain) also supports the WKD token. It is verifiable via a proof-of-stake consensus algorithm. To better understand, it uses proof-of-stake authority (PoSA). This implies that the staking takes place with a valid block to acquire the transaction fee from the staking process. The digital assets on BSC are fixed on their native chain to receive the exact assets count after mining. The new tokens get generated from the burning and minting process. Hence, the one-to-one ratio approach gets framed to maintain the balance of assets.
