After tremendous success on ethereum and bsc, volt will now launch on polygon

After Tremendous Success On Ethereum And BSC, VOLT Will Now Launch On Polygon

Last Updated: February 17, 2023By

The VOLT token is rapidly gaining popularity and has already achieved remarkable success on both Ethereum and Binance Smart Chain (BSC). Now, with a new expansion on the horizon, the cryptocurrency is set to make waves again. Volt Inu (VOLT) has recently announced its decision to launch on Polygon, a move that could transform the platform and bring about new possibilities for users and investors alike.

VOLT Inu ($VOLT) is making a splash in the crypto community thanks to two key elements: true deflationary techniques and additional revenue generation. VOLT was initially launched on the Ethereum blockchain. Shortly, it was also launched on the Binance Smart Chain “BSC”, adding more exposure and enabling people who don’t want to pay hefty ETH fees to get involved. This brought overwhelming success; there are twice as many VOLT holders on the BSC than on Ethereum!

Following user demand, the team has decided to list VOLT on Polygon. 25% of VOLT’s liquidity will be shifted to Polygon. For users, this will introduce a new alternative for holding VOLT in a decentralized manner with minimal gas fees while targeting a new user base. Polygon is a popular layer 2 scaling solution for Ethereum that offers fast, cheap, and efficient transactions. Its significance in the crypto space lies in its ability to address Ethereum’s scalability issues and improve user experience, making it a promising solution for developers and users.

 

Bridge liquidity burn

In 2022, attacks and hacks have targeted cross-chain bridges exploiting billions of dollars worth of tokens. Seeing this as a threat, VOLT decided to reduce the liquidity (amount of tokens) locked in their bridge contract to reduce its impact. Not only does this secures the ecosystem, but it also increases the deflationary mechanism by VOLT’s burn addresses.

A total of 44.85 trillion VOLT tokens (worth $74.5M) will be burnt over five days. 

The first burn amounting to $14.9M was completed on Feb 13th. In the third burn, 8.97 trillion VOLT tokens (worth $14.9M) were burned. 

In the 4th burn that concluded today (Feb 17th), another 8.97T #VOLT tokens (worth $14.9M) have been burned. 

Moreover, 89 projects added the voltichange widget in their first month, thus making each of them deflationary and also increasing the VOLT burn rate.

Volt Inu ($VOLT) is tackling DeFi from multiple angles with its ‘one-stop shop’ ecosystem, aiming to bring profits back to the native token and supporting its deflationary purpose. Volt Inu offers a permissionless Decentralized Exchange which allows projects to get listed for free alongside an NFT collection with exclusive access to events, meetups and rights within the VOLT ecosystem, such as P2E games.

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About the Author: Diana Ambolis

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