LetsExchange / LetsExchange Blog / How to make any token deflationary? About this and more - in the LetsExchange & Volt Inu AMA recap

How to make any token deflationary? About this and more - in the LetsExchange & Volt Inu AMA recap

Aug 28, 2024 3 min read

Do you want to learn how to make any token deflationary? Or you may be wondering how to get a card that can be topped with crypto.

In an exclusive AMA session with LetsExchange and Volt Inu on Twitter spaces, the VoltInu team shared tips and valuable insights about the Volt Inu ecosystem and its plans.

Volt Inu (VOLT), an ecosystem aimed at offering a comprehensive range of DeFi products while supporting its deflationary native token, was represented by Community Leader Young Light.

LetsExchange, a go-to crypto exchange hub supporting over 4,500 coins and tokens, was represented by the head of BD Nadine.

Below are the key takeaways from the conversation.

Nadine from LetsExchange:  Are you ready, guys? I would like to start by asking questions for the VoltInu community. So, first of all, I would like to ask, VoltInu and ShibaInu, do you have anything in common with the Doge memes? So it would be great to know more about that.

Young Light: I think that dog memes are one of those memes that everyone can relate to. They hit home, you know. Even if you don't like dogs, who doesn't like a cute dog meme? You know what I mean?

Nadine from LetsExchange:  I feel like your community is super strong, and I like the idea of burning the token supply to make them deflationary. So, how did you come to this idea? What is behind that?

Young Light: We're the first deflationary decentralized exchange out here. However, being a deflationary project has the focus for Volt Inu because if we look at inflation, it can get out of hand. Being a meme coin with a deflationary mechanism allows for a slow-rising floor that is more organic while building a strong community at the same time.

So, yeah, being a deflationary meme with utility is something we can say separates us from most meme tokens in the space.

Nadine from LetsExchange: I was really curious about your Metaverses plan. One of your goals is to build a space in the Metaverse for the world community. Have you selected a Metaverse, or will you create your own one?

Young Light: You know, you checked out a Metaverse project, and the Metaverse is huge. That's why so much money has been put into the Metaverse, you know, by Meta and billions of dollars. So why reinvent the wheel whenever you can partner with people already doing something like that? That said, we partnered with gaming projects that added the Volt characters to the Metaverse.

Nadine from LetsExchange: Does one need to complete KYC to use the Volt cards?

Young Light: Well, you have options, right? You have the option of going virtual. And if you do a virtual card, all you need is an email. That's it.

You just use an email, register, and then be given instructions on how to top up your wallet or card.

Now, as far as the physical card goes, this one, you will need to provide an address, a name, do a few, you know, verifications with ID, and so on because they have to ship you the physical card. You know, regulations are tightening around the world. In order to get that physical card, you do have to do some KYC.

Nadine from LetsExchange: I was wondering if there are any requirements for tokens to be listed on your DEX or if you accept just anyone.

Young Light: As far as the DEX goes, we allow anyone to be listed there. So there's nothing special anyone has to do as long as they're, you know, on PancakeSwap or Uniswap. They're automatically tradable on VotiChain.

There's no liquidity needed to be added. There are no listing fees. There's no, you know, blood type information or Social Security information that we need to keep.

You just simply go on there at the contract address or simply search the token and boom, it should pop up there for you.

Nadine from LetsExchange: Yeah, thank you so much. I'm super excited and energized right now. Thank you so much for the VoltInu community, guys, for this AMA. I hope to proceed to work with you guys. These are just some insights shared by both team representatives during the AMA. If you want to learn about VoltInu's attitude toward regulation and taxation systems, their plans, how they can make any token deflationary, and many more, listen to the full AMA.