The PancakeSwap decentralized exchange listed the Volt Inu (VOLT) token before the project opened the bridge between the Binance Smart Chain (BSC) and Ethereum (ETH) blockchains.
PancakeSwap added 16 trading pairs with VOLT. In particular, coins can be bought with Ethereum (ETH), PancakeSwap Token (CAKE), Binance Coin (BNB), as well as Binance USD (BUSD) and Tether (USDT) stablecoins.
💹 BSC Dextools: https://t.co/tFbnoBupJz
– Volt Inu (@VoltInuOfficial) January 9, 2022
A few hours after the start of trading on PancakeSwap, the Volt Inu developers announced the launch of the bridge. With its help, users will be able to transfer cryptocurrency between the BSC and ETH networks.
To keep the number of VOLT tokens in both blockchains constant, programmers initiated a cryptocurrency burning protocol.
BSC: https://t.co/afbwBJycm6 https://t.co/BdbEar941r pic.twitter.com/yl9J1judPx
— Pancake 💎 (@PancakeGems) January 10, 2022
In the first four hours of the bridge’s operation, 400 new VOLT owners appeared in BSC, and the total number of wallets in both networks reached 5809.
Given the high demand for the service, the Volt Inu executives announced their plans to buy and burn VOLT worth 30 ETH over the next three days. In addition, the cute dog in the Volt Inu logo has been replaced by a sinister hound with a zipper on its forehead.
New Volt Inu logo
Despite this news, over the past day, the VOLT rate against BUSD and USDT on the PancakeSwap exchange fell by 106%. Now for 1 BUSD they give 5732940000000000 VOLT. That is, anyone can become a VOLT multi-trillionaire by spending as little as $ 1 on tokens.
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I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.