The purpose of Chow Inu is to offer equal opportunity among all individuals. Eventually, creating a Chow MetaDogs Simulation Universe. First, the Chow Inu token aims to provide instant rewards to all the holders. These rewards are given out for every Chow transaction for holding the coin. Furthermore, for every transaction, 5% of the fees go into marketing and charity, 4% into development, 2% of the token is distributed among holders, and 2% is sent to the liquidity pool. After that, the community can create real-world integration for Chow Inu transactions to bring the token worldwide. Finally, the goal is to offer everybody the possibility to possess a virtual pet in the metaverse. Thus, pet lovers can own, care for, and raise a puppy for practice.
The native token of the Chow Inu is "CHOW." The token is based on the ERC-20 to utilize the Ethereum mainnet blockchain to be available internationally. Mainnet refers to an independent blockchain operating on a specific network, technology, and protocol. The advantages of using ERC-20 seek to include fast and globalized transactions, simple transactions, low risk of glitches, token liquidity, and wide usage and familiarity.
As the whitepaper suggests, the Chow token can be used as an introductory token to learn more about crypto space and concepts such as staking and farming. And the holders are rewarded for holding the token and getting the opportunity to buy merchandise to support the cause and take part in the Chow Inu Meta Universe. In addition, Chow Inu even intends to introduce concepts such as staking, farming, rewards for holders, and simulation.