BENI INU was founded in October 2021 with the goal of saving dogs all over the globe while also producing a blockchain-based decentralized asset that is accessible to everyone in the “real world,” instead of only industry insiders. It is vital to note that, with the introduction of various tokens, an increasing number of users, as well as businesses, are struggling to discover ways to use the current financial infrastructure. This token’s goal is to create an integrated paradigm in which physical and virtual platforms coexist.

(BNI) is pleased to be the Elrond Network’s first dog meme token. Beniamin Mincu, Co-Founder & CEO of the Elrond Network, is the ancestor of the name Beni Inu. The token’s name reflects the affection and devotion towards Beniamin. This team tries to provide users with as many blockchain assets as feasible and at the best level of ease, all while keeping to the ecosystem’s strictest security requirements. We can accomplish this by linking blockchains via the Elrond Network, which includes the Elrond Routing Protocol and Cross-chain Payment Channels and operates in a totally trustless, fast, and low-cost way. As a result, BNI is the most powerful dog meme token that common folks may utilize on a daily basis.

Elrond is a brand-new blockchain architecture that has been created from the ground up to provide a 1,000-fold increase in throughput and execution speed. Elrond does this through the introduction of two important innovations: an innovative Adaptive State Sharding method and a Secure Proof of Stake mechanism (PoS) algorithm, which enable linear scaling while also providing a quick, efficient, and secure consensus process. Thus, Elrond can handle up to 15,000 transactions per second (TPS), with a latency of 6 seconds and a cost of negligible, in a bid to become the foundation of a permissionless, borderless, worldwide accessible internet economy.

Vision & Goal

The objective of this team is to make crypto-currency accessible to everyone, and they also want to help save dogs all around the world. BENI INU is a fun meme with a serious purpose to rescue puppies in need and push crypto adoption to the public through innovative ideas. This team foresees a society in which wealth-building tactics that were previously solely available to the wealthy become open to everyone, restoring people’s control over financial institutions. BENI INU intends to build a breakthrough environment to attract more people to digital assets. Building a safe and secure platform that is ready for worldwide adoption with no restrictions, allowing people to earn a good living by holding and betting while retaining their privacy, security, and autonomy. They aspire to build an ecosystem built on good monetary rules and a strong decentralized basis.

BENI INU is a decentralized token on the Elrond Network that performs three activities throughout each transaction: Liquidity Pool (LP) Acquisition, Burn, and Staking. These routines collaborate to solve the tangled challenges generated by farming incentives and price volatility. By capitalizing on these prospects, the BENI INU token aspires to provide enormous value for the community.

Burning

A constant burn on a single protocol may be handy in the early days, but it means that the burn cannot be restricted or modified in any way. Burns maintained by the team and escalated depending on achievements help to keep users informed and rewarded. BENI INU plans to carry out a long-term burn strategy that will be both beneficial and rewarding to those who engage. Additionally, manual burns help to reward and enlighten the community. The conditions and volumes of the manual burn are disclosed and monitored. When billions to millions of tokens are left behind, the burning will come to a halt. burned is displayed on our website readout, providing greater transparency in understanding the current circulating supply at any one time.

Staking

BENI INU works on the eco-friendly Elrond Network, which is based on a secure proof of stake. The dashboard staking secures the safety of users’ cash by utilizing sophisticated security mechanisms and provides a Secure Asset Fund for Users (SAFU). At the time of writing, their staking mechanism is undoubtedly one of the safest and most environmentally friendly ways (for cryptocurrencies) to make passive income. All staked tokens are stored on the platform utilizing a secure dashboard and a double-checking method. As more individuals, especially institutional investors, see the value of the crypto market, crypto staking is quickly becoming a popular method of earning passive income by merely holding or locking cash in a wallet. Because staking cryptos necessitates certain technical crypto know-how and damming criteria, BENI INU token staking platforms come in useful, allowing investors, even those without technical crypto expertise, to stake tokens and receive incentives. The staking platform gives you their technical knowledge and validates stakes on your behalf for a small fraction of your staking earnings, allowing you to generate passive income. With the significant expansion of crypto staking, there has been a surge in staking platforms that allow investors to receive staking rewards in a frictionless manner. If you want to earn passive income via staking, the BENI INU coin is an excellent choice.

Link: https://beniinu.com/