Blockchain
Volt Inu Announces Migration Plans and Release of P2E Game
Malmö, Sweden–(Newsfile Corp. – March 30, 2022) – Volt Inu (VOLT), a hyper-deflationary token, announced it is migrating to a new smart contract. This process should allow the project to develop faster and reach its goals, among other benefits. Furthermore, the development team also released Volt Inu 2D Racers, a browser-based online game using the play-to-earn (P2E) model.
Volt Inu released the VOLT token in December 2021 on Ethereum and Binance Smart Chain (BSC). Then, the total supply of tokens across both networks was 69,000,000,000,000,000,000,000 units.
Volt Inu
Now, the developers have chosen to migrate the protocol to a new smart contract to accelerate its growth. Volt Inu is already working on the process with an experienced but unnamed partner. The migration should start in the first week of April when the team will also reveal the partner’s name.
The migration will divide the current VOLT supply by 1 billion. However, the users’ holdings will maintain the same USD value and market cap. Also, the process consists of a tax-free transaction sending the users’ VOLT V1 tokens to the migration address. Then, they will automatically go back as VOLT V2 tokens to their wallets.
The holders missing this migration period will have to wait up to one month to receive their VOLT V2 tokens. The team will have to manually check and approve their transactions, explaining the lengthy waiting time. Furthermore, those buying VOLT V1 after migration ends will not be able to convert them into VOLT V2 tokens.
Lastly, VOLT trades on Uniswap and PancakeSwap will not pause during migration. The only exception will be 1-2 hours at the end of the migration period.
Volt Inu Migration Benefits and Features
The primary reason for migrating to a new contract is the token’s present excess of decimals (19). Having such a long price creates technical difficulties on CEX listings. So, the migration will remove 9 decimals, thus making the listing on centralized exchanges more convenient. Lastly, those holding VOLT on CEXs will see the conversion to VOLT V2 automatically.
Another migration goal is making the VOLT token more deflationary. The token’s ETH smart contract currently comes with a 13% tax on all transfers. Out of this total tax, 4% goes to the liquidity pool. The migration should cut this tax in half. This will see the liquidity pool on Ethereum receive 2% and the other 2% will be sent directly to the burn address. The result will make VOLT more deflationary.
The migration will also help Volt Inu get closer to its long-term goal of becoming a DAO (Decentralized Autonomous Organization). The new contract will support treasury, marketing, and development tax allocations being directed to a DAO governed wallet when the time of the transition comes. As a result, Volt Inu would have better conditions for becoming a community-managed DAO.
Volt Inu 2D Racers Game
Volt Inu also announced the release of its new game, which will engage VOLT token holders as well as any other existing crypto project. Volt Inu 2D Racers is a P2E online game that users can play in their browsers. It features free races and pay-to-play projects, which they can choose or create before paying. The game’s goal is to get crypto prizes as well as buybacks & burns for participating projects by obtaining high positions on various leaderboards.
About Volt Inu
Volt Inu (VOLT) is a hyper-deflationary token running on Ethereum and Binance Smart Chain (BSC). Its goal is to support investments in various blockchain-based assets, such as NFTs, nodes, altcoins, staking, and stablecoin farming. Accessing a diverse investments pool enables VOLT to mitigate risk while benefiting from the possible non-correlated growth of trending assets.
For more information about Volt Inu, please follow the links below:
| Website | Twitter | Telegram | Whitepaper | Volt Inu Game |
Contact name: Jo Evans
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118603
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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