What Is Koromaru (KOROMARU)?

Koromaru is a hybrid project of a dog meme and an anime with a collection of custom NFTs, video games, and DeFi protocols. One of Koromaru Inu's missions is to onboard as many traders as possible to its platform. Moreover, Nagasaki Shibaz is an NFT collectible that seeks to improve the position of Koromaru Inu in the world of entertainment. In addition, the platform seeks to use NFT collectibles for movies, TV shows, games, and graphic novels. 

Also, Koromaru Inu suggests the Degen DAO, where individuals and DeFi project delegates are willing to put a portion of their revenue into funding megaprojects. A DAO (decentralized autonomous organization) is a type of organization that developers create to automate decisions and transactions. Megaprojects include producing a movie, funding blockchain or pool funds to get listed on a major CEX, and many more. These megaprojects benefit all parties. 

The KOROMARU token is the native token of Koromaru. According to the whitepaper, the platform envisions offering one NFT avatar for free to each token holder. Moreover, the token aims to allow users to mint the token at a discount. Minting is a process of producing new tokens through the proof-of-stake protocol. Besides, token holders can get farm rewards on partner and native farming platforms. Moreover, the platform applies a 10% tax on each transaction, out of which 8% goes to marketing, 1% to reflection, and the rest to liquidity. 

In tokenomics, 50% of the total tokens are for burning. Token burning is the removal of coins from circulation to reduce the token count. Also, 14% of them are kept reserved for presale, 5% for the team, and 30% for liquidity. Liquidity is the easy conversion of an asset into traditional currency without impacting the market price.

History of Koromaru (KOROMARU)

Koromaru Inu has a team of developers and four game designers. Corey/Hachiko is the CEO of the company. He has more than three years of experience in the crypto world. Raf is the COO of the company and has worked for major investment banks. The maximum total supply of the token is 100,000,000,000,000,000 KOROMARU.