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Volt Inu Announces Migration Plans and Release of P2E Game

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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.

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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.

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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

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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:

WebsiteTwitter | 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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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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