What is Sanshu Inu (SANSHU)? SANSHU token overview
What’s Sanshu Inu?
The Sanshu Inu meme coin, like a number of other similar tokens, uses the familiar Shiba Inu dog as a logo. It is one of the youngest coins since it appeared only on May 12 this year. Despite this, a number of features, as well as the principles of work of SANSHU, have already attracted many fans and investors. Let’s see what makes this joke coin so special.
How SANSHU crypto Works
The token is the payment instrument of the decentralized platform Sanshu Finance, and, as well as Dogecoin, it operates on a deflationary top model. The deflationary digital token works on 2 main prerequisites, one is burning and the other is redistribution. This will lead to the fact that about 1% of all transactions will be burned and 1% will be distributed to token holders.
Thanks to this, the coin is able to generate passive income for its holders.
The idea is that supply will drop over time as more Sanshu Inu are burned. According to basic economics, when supply falls, prices inevitably rise. For quite some time, the deflationary token should become more valuable. The main question is whether these tokens will survive or disappear into obscurity.
Sanshu Inu Features
Sanshui Inu sells itself similarly to Akita Inu and Shiba Inu to two other hot coins that are considered to be Dogecoin’s smaller competitors. Anyway, it has some individual features.
Sanshui Inu is a completely decentralized network of transactions focused on the community. Also, Sanshu is the backbone of a diffraction meme that rewards holders for every transaction they make on its network. The development team behind the Coin meme sets itself apart from other joke coins by burning 100% of the liquidity pool and 100% of the development wallet. They also gave up ownership of the protocol, making it publicly available.
Sanshu Inu differs from other tokens in that it is community-owned and run by a fair launch without a reserved token, team and big whales. The largest wallet currently accounts for only 1.3%.
Sanshu Inu Finance recently introduced its Dogpark farming platform for meme-type coins. Sanshu’s platform allows to stake the popular meme coins, such as SHIBA, DOGE or SASHU, and earn a meme-based index fund token (MFUND). This way Dogpark offers an opportunity for both stakers and miners. And unlike other staking pools, Dogpark players can receive rewards at any time. Dogpark Single Stake rewards are calculated per block.
Will Sanshu Inu reach 1 cent?
Right now, the price of Sanshu Inu is nine zeros after the decimal. For a coin to reach the penny mark, it needs to grow more than 100 million percent and increase its current market capitalization from $115 million to $1 trillion. Only Bitcoin has managed to achieve this market capitalization so far. For this reason, it is almost impossible for Sanshu Inu to grow to that mark anytime soon. If Ethereum has yet to reach a trillion dollar market cap, then Sanshu Inu is even more so. However, Sanshu could still see a lot of growth. Especially considering the fact that tokens have skyrocketed in the last couple of months.
Digital Coin Price suggests that in 2028 the price of Sanshu Inu could rise by 300%. So it can bring some long-term benefits.
International Business Times predicts that it may not reach the one cent mark until 2030.
The fact is that the cryptocurrency market no longer operates entirely on finance, but also needs marketing and people’s approval. For Sanshu Inu to achieve a $1 trillion market cap, it must remain popular for many years, never fade away, show continuous growth, convince investors that it has the power, innovate, propose solutions, and receive celebrity endorsements.
Considering all these factors of growth, we come to the conclusion that it is almost impossible for Sasha to achieve this goal in the near future, and, perhaps, it will not be able to reach the 1 cent mark at least in this decade.
How and Where to Buy SANSHU?
If, despite the dim prospects of Sanshu, you want to invest in it, at least as a joke, you should know that you will not be able to buy with fiat currency. You will have to first purchase one of the popular currencies such as Bitcoin, Binance, or Ethereum. This can be done on any of the worthy exchanges, such as Binance, Coinbase or Godex.io. As soon as you get the required amount of the selected cryptocurrency, for example, Ethereum, you will need to link your wallet to a service or exchange that supports the swap of Ethereum for SANSHU. For example, Uniswap exchange is often used for this purpose, and the Metamask wallet is suitable for storing your new crypto investment.
Sanshu is basically $0. Yes, let’s be objective, it is too cheap and seems far from making any significant investment footprint. Given this, it could be a long time before investors can hit the jackpot with this thing. But we all know how erratic and unpredictable the crypto world can be. Sanshu Inu is a fairly new entrant to the crypto race, and has yet to truly penetrate the market. But overall, it attracted attention. It has grown by 50% so far, making it one of the best dog meme coins in the crypto space.
Surely many will agree that meme coins are trending today. Although many do not take them seriously, and they are often the subject of ridicule, at the same time they are very actively discussed, and what is talked about continues to live.
Sanshu Inu is still a tiny cryptocurrency, but it has enough followers to become the next hottest cryptocurrency. And judging by the fact that it continues to work on new projects, we see that the platform is actively developing. All these can predict a bright future for Sanshu Inu. It is possible, however, that it will fail like most meme coins.
Whatever it was, this cryptocurrency is really very cheap and maybe it could be the most cost-effective investment of your life in the future, which will fly to something big.