Hello, crypto enthusiasts! If you’ve been keeping an eye on the ever-evolving world of cryptocurrencies, you’ve probably heard of Curve Finance ($CRV). But did you know that there’s a new player in town called Curve Inu ($CRVY)? In this article, we’ll take a closer look at Curve Inu and how it’s setting out to educate and spread awareness about the importance of Curve Finance in the crypto space.
The Power of Liquidity in Crypto
To understand the significance of Curve Inu, we first need to recognize the driving force behind success in the crypto world: liquidity. Liquidity attracts attention, drives up prices, and makes projects thrive. Over the past two years, Curve Finance has proven itself as one of the most trusted platforms by liquidity providers (LPs). This trust is evident in the total value locked (TVL) on the Curve platform, which has remained above $2 billion, even during bear markets.
Curve Finance is the backbone of decentralized finance (DeFi) and crypto infrastructure. It enables low slippage swaps among some of the most widely used cryptocurrencies, including stablecoins, Ethereum (ETH), Bitcoin (BTC), and various other Ethereum-based tokens.
The Challenge with CRV Investment
However, there’s a challenge when it comes to investing in CRV, the native token of Curve Finance. From a risk-reward perspective, mainstream investors might find it more enticing to venture into low-market-cap coins that offer the potential for quick and substantial returns. This is the typical mindset of many people entering the crypto space.
Curve Inu: Bridging the Gap
To address this challenge and help people understand the importance of CRV, Curve Inu was created. Curve Inu is a meme-inspired cryptocurrency that puts a spotlight on the significance of Curve Finance while also providing educational resources for users. The idea is that newcomers to the crypto world might be attracted to Curve Inu due to its meme appeal and potential returns, but along their “HODLers journey,” they will also gain a deeper understanding of the broader crypto ecosystem. Curve Inu over the following weeks will be dropping educational material on the Curve ecosystem in order to educate and bring up to speed the “left-curvers” & midwits who have trouble understanding how Curve works and what it is.
Unique Features of Curve Inu
Curve Inu goes beyond being just another meme coin; it offers unique features that set it apart.
- Anti-Snipe: Launching a memecoin can be susceptible to sniping bots. Curve Inu has implemented anti-snipe measures to make it significantly more challenging for users with sniping tools to manipulate the launch.
- Anti-Sandwich: To prevent the use of flashbots and other Miner Extractable Value (MEV) extraction tools, Curve Inu restricts users to one trade per block, effectively eliminating 99.9% of such activities.
- FETCH: One of the issues often associated with meme coins is the high cost of gas fees. In most cases, users pay gas to swap tokens, and the tax functions on the coin can drive gas prices even higher due to LP additions and tax-related transfers. Curve Inu takes a different approach. Instead of spreading the gas costs across all users swapping tokens, it turns gas fees into a capitalist opportunity for one user who can call the “fetch” function and receive a percentage of the tax collected. This function typically costs less than $20 in gas. With optimized code, Curve Inu aims to maintain a significant advantage when transaction fees surge during bull markets.
- LP LOCKED: To show our commitment to the long term success of the project the LP has been locked programatically in the Smart Contract for 2 years. Scanners do not pick up the LP Contract Lock because it is in a seperate contract. You can verify this by reviewing the verified code on Etherscan starting at Line 513: https://etherscan.io/token/0xBc8b7Ff89EB2B73eCDD579F81424a3B582200808?a=0x19d89a557ce82a0d487a83e3081e37fa5af2388e#code
Buying CRV and Future Plans
Curve Inu allocates a portion of the tax it collects to buy CRV for itself every two weeks. Taxes collected will go towards increasing awareness and achieving growth, as it is necessary to establish a strong foundational community behind the coin, this will be known as the Phase 1 or the The Bootstrapping Phase. The coin features a 6.66% buy and sell tax, with 3.33% of the tax being used to increase the liquidity pool floor and 2.22% being converted into Ethereum (ETH) and used to buy Curve $CRV for the coin’s treasury. The remaining 1.11% of the tax is going to an Operational Treasury for Helpers. This strategy positions Curve Inu to expand its initiatives and potentially secure a CRV gauge, which could lead to even more CRV rewards in the future. CRVY begins buying CRV officially in Phase 2.
Curve Inu is a pure memecoin with a greater purpose: it serves as a bridge between the world of memes and the world of serious crypto investments. By attracting newcomers with its meme appeal and providing educational resources, Curve Inu hopes to create a community that understands the importance of liquidity in the crypto space and the vital role that Curve Finance plays. So, if you’re looking to explore DeFi, consider joining the Curve Inu community, where you can learn, earn, and be part of an exciting journey in the crypto landscape.