Jindo Inu is a community-driven deflationary cryptocurrency. Jindo Inu platform is a global, decentralized network that offers individuals an approach to control their digital identities, interoperability, and intuitive interaction without the aid of third parties. Jindo Inu has the building blocks necessary for creating new and legitimate peer-to-peer economies.
According to its whitepaper, Jindo Inu features an NFT Marketplace that allows any individual to trade NFTs seamlessly. The JIND NFT Market allows users to create NFTs, purchase them from each other, and even auction them. In a decentralized network, JIND allows users to manage, authenticate, identify, transfer, and pay for NFTs. In contrast, the NFT market allows users to trade digital items. JIND tokens are used to protect the ownership and value of the two NFT items. The NFT marketplace is an essential element of the JIND ecosystem.
JIND is dedicated to leading the charge for rewards-based ecosystems that can deliver value to platform users. Staking value enables individuals to demonstrate their commitment to the project by creating unique NFTs, and their transactions which show their dedication to the community. The Jindo Inu ecosystem is based on the JIND currency, which is again used by the Jindo SWAP and the Jindo NFT.
JINDO SWAP is an exchange built on the BSC chain that rewards users with JINDO FEED if it provides liquidity. The JINDO FEED tokens are issued with the swap launch and are distributed to 100 percent of the liquidity providers. The Jindo NFT is an NFT sales and maker place where users can synthesize several kinds of dogs and transact them. The JINDO NFT transacts and synthesizes puppies with JINDO tokens and levels up puppies with JINDO FEED tokens.
Next, coming to its tokenomics, the token distribution of the 12 percent total transaction fee in the Jindo Inu ecosystem is as follows:
● Five percent - To automatically increase liquidity
● Four percent - For Redistributions to holders
● Three percent - To marketing
The platform plans to offer magnitude swaps and magnitude NFTs. As part of the JINDO swap, only tokens approved by the JINDO team can provide liquidity. This makes the SWAP more secure for investors. Furthermore, users can stake JIND to get JINDFEED tokens in the JINDO swap.