What Is Ainu Token (AINU)?
Ainu Token (AINU) is a project that aims to develop a community that helps people who wish to invest in cryptocurrency. As the idea behind the project is to help the needy, the project runs a static reward program and donates 20 percent of the total supply to India Crypto Relief Fund. Users who hold AINU tokens for a more extended period receive rewards. Also, the project rewards back 5 percent of the transaction fee to the token holders based on the number of tokens a user holds.
According to its whitepaper, the project also maintains the sustainability of the liquidity pool. Liquidity pools (LP) mean locking funds in a smart contract to use the fund later for trading, lending, etc. Therefore, 5 percent of each transaction fee goes to the liquidity pool to not drain. Further, to reduce the supply of circulating tokens, the project burns tokens by sending them to a dead wallet. Token burning refers to the process of sending a token to an unusable wallet address in order to remove it from circulation. The project burned tokens at the end of 2021 and locked LP for three months. Similarly, the project aims to lock LP at the end of each quarter to prepare a base for the burning mechanism.
AINU is the ticker of the Ainu Token that runs on the Binance smart chain (BSC).
Moreover, the project aims to launch an AINU swap in the upcoming months where users can swap all BSC tokens and coins.
History of Ainu Token (AINU)
The project came into existence in May 2021.
The total supply of Ainu Token (AINU) is 1,000,000,000,000,000,000.