Golden Inu Confirms New Decentralized Crypto Exchange and Ethereum Blockchain Expansion
The developers of Golden Inu confirmed that they have a new one decentralized crypto exchange [DEX] is coming. The team has started the analysis process and selected a group of developers to assist in building the project. Titled the “Golden Inu Exchange”, it is expected to lower trading fees for Binance and Ethereum blockchain tokens, by allowing the “exchange” of $Golden tokens.
When will the new Crypto DEX be launched?
The new crypto-DEX will be released before the end of 2023 in beta version according to CNF reports. The code development process is ongoing and previews are expected before the $Golden token’s ERC20 version completes its 4 funding rounds.
The $Golden token has a Binance-Chain version that is already traded on the crypto market via PancakeSwap. It is listed on CoinMarketCap as having USD 81,000 in its liquidity pool; or better known as the cash reserves traders have invested in the token. This gives Golden Inu an impressive ratio of liquidity to market value – $1 fiat per $3 in market value.
Should Shiba Inu, Floki Inu and Dogecoin be listed on the Golden Inu Exchange?
It is not clear whether all cryptocurrencies will immediately be allowed in the new DEX. However, it is very clear that Binance and Ethereum coins will be listed and traded on the decentralized exchange.
This new exchange open to erc20 and bep20 tokens would make things quite interesting as rival meme tokens could be listed. This includes but is not limited to – Shiba Inu [$SHIB]Floki Inu [$FLOKI]DogeCash and Dogecoin [$DOGE].
$Golden [bep20] token has outperformed all other meme tokens in the last 2 months. ICO investors saw returns of up to +650% on initial investments, paying out immediately. Others have held their tokens and seem to be waiting for the launch of more new crypto applications by Golden Inu. These pre-sale and ICO investors still have +350% return on initial investments.
When the new crypto DEX launches, it will use $Golden token as an exchange tool for $1 to $1 between 2 optional tokens.
Golden Inu has also said via twitter that they hope to eliminate ecosystem users’ trading fees similar to how VeChain canceled VeWorld Wallet taxes.
More on this story as it develops.
The $Golden token is expanding to the Ethereum blockchain soon. The token sale started recently. After 200 Ethereum [$ETH] has been raised, the new decentralized cryptocurrency exchange will launch in beta.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses incurred by acting on information provided on this website by its authors or customers. Always do your research before making any financial commitments, especially with third-party reviews, pre-sales and other opportunities.
