Baby Lovely Inu

The whitepaper states that Baby Lovely Inu aims to function as an independent liquidity yield protocol. In the cryptocurrency space, liquidity is the coin’s ability to quickly transform into currency or any other digital token. For this, the platform seeks to offer a deflationary token to its users. A deflationary token has reduced supply over time to maintain the value of the token.

Baby Lovely Inu seeks to offer benefits to its token holders through static rewards. Also, there is a burn or buyback strategy assembled into the contracts. This buyback strategy is also known as "The Plutus," the Greek god of wealth. The tokens gathered from the transaction fees get converted onto Binance exchange (BNB) and aim to be securely stored in the buyback contract of Baby Lovely Inu. These funds collected are known as the Plutu’s Reserves, independent of the token's price. Additionally, the platform comprises a decentralized exchange that seeks to enable the traders to exchange their BEP-20 tokens with another digital token while securing their BEP-20 tokens.

The symbol for the platform’s token is BLOVELY. The token was built on the Binance Smart Chain (BSC). Moreover, the token is a hyper-deflationary token built and thought by the holders. Hyper-deflationary tokens are created to be highly deflationary, which is attained by burning some number of tokens through a token contract on every transfer. Coin burning is a process wherein a particular share of coins is removed from circulation by sending tokens to a wallet with no private key.

The users can stake for earning BLOVELY tokens. Staking helps in stabilizing the value of the token. The staking of tokens makes the users place their tokens to safeguard the network through a proof-of-stake consensus mechanism.

The platform aims at increasing the price of the token from 0.00000001$ to 0.01$ within six months of its launch.

The release date of the token was September 16, 2021. Lovely Finance Group supports the coin. The project team involves Louis Baker as the CEO, Jonathon Rios (CTO), and Jason Morales (developer).

The maximum total supply of the token is a hundred trillion.