Hungarian Vizsla Inu

Hungarian Vizsla Inu is the first Hungarian BEP-20 charity and distribution token. According to its whitepaper, the network aims to create two marketplaces; a merchandise marketplace and a unique NFT adoption marketplace. The platform also seeks to integrate a payment processing system that enables token holders to pay with HVI anywhere and connect to the animal-friendly community with charity. In addition to this, the network also aims to decrease the price impact when larger wallets decide to trade their tokens.

The token is a decentralized peer-to-peer digital currency wherein all users are equal owners and contributors. A peer-to-peer network (P2P) refers to a network created when two or more computers are connected and share resources without going through a separate server computer. Further, the P2P network may be an ad hoc connection (computers connected by a Universal Serial Bus to transfer files) or a permanent infrastructure (linking six computers over copper wires).

Further, the asset operates on the Binance Smart Chain and abides by the proof-of-stake consensus mechanism. Binance Smart Chain or BSC was launched in 2020 to develop decentralized applications (dapps) with greater capacity, lower latency, and faster pace. The chain uses a Proof-of-Staked Authority mechanism, a modified version of the Proof-of-Stake mechanism, and seeks to leverage high transaction capabilities. 

Next, each HVI transaction attracts an automatic 13 percent tax wherein 10 percent goes to the automatic liquidity pool (LP) acquisition and 3 percent to the rewards holders. LPs allow users to trade crypto tokens on decentralized exchanges (dex) and other decentralized finance platforms (defi), not needing any centralized market makers. In other words, LPs refer to a pool of cryptocurrencies or tokens that are crowdsourced and locked in a smart contract that supports the trade between assets on a decentralized platform. HVI’s automatic liquidity pool algorithm helps reduce large price fluctuations. 

Hungarian Vizsla Inu’s team comprises ten members, including Fabian S. (Director), Lazlo K., Andras G., Daniel K., Peter G., Mathias A., and others.

The token’s total supply is 10,000 quadrillion.