Last Updated on July 28, 2023 by Diana Kelley
In the fast-paced world of cryptocurrency, where new projects and coins appear almost every day, and it is simply impossible to keep up with them, you can miss out on truly interesting ones. Today we will talk about one of such projects, namely Vita inu (VINU).
What is VINU cryptocurrency?
Vita Inu (VINU) is the governance token of the VINU Ecosystem and is native to the Vite DAG chain. Created in 2021 by Elemont, VINU is the world’s first fast, feeless (and cheeky) dog-themed coin with high TPS and smart contracts.
Based on the philosophy of having fun, making new friends, and learning about crypto, Vita Inu will contribute to the creation of large DAG ecosystems where crypto can be moved securely, efficiently, and freely.
What Makes VINU Unique?
Unlike many other meme coins, VINU is not re-issuable. This means that the total supply is fixed, and there will not be inflation. The total supply of VINU at inception is 1 quadrillion (1,000,000,000,000,000). No more than this amount will ever exist. This means that there will be no worries about inflation on VINU.
Overall Distribution
- 10.00% is allocated to Presale (Public)
- 25.00% is allocated to Team
- 25.00% is allocated to DAO Reserves
- 10.00% is allocated to Scheduled Burns
- 11.00% is allocated to Development
- 10.50% is allocated to Marketing
- 5.00% is allocated to Staking Rewards
- 2.50% is allocated to Airdrops
- 1.00% is allocated to ViNo SBP Voter Rewards
Vita inu has an extensive and promising roadmap that will provide VINU holders with additional services and ways to use their coins. The most notable of these are:
VinuVerse – digital world with mintable NFT avatars where people can play, socialize with each other, and even invest and earn.
VinuSwap – an AMM Swap, with in-house cross-chain bridges, staking, and lending capabilities.
VINU DAO – VINU will gradually be transformed into a Decentralized Autonomous Organization (DAO). VINU holders will be able to vote on key proposals that determine the development and direction of the VINU project.
VinuChain – a cutting-edge Layer 1 DAG-based network, EVM compatible, highly scalable, zero fees chain.
What are the benefits of taking out a VINU loan?
With crypto loans, you can access funds without selling, increase liquidity, maximize capital utilization, and diversify your portfolio more effectively. In addition, crypto loans tend to have lower interest rates than traditional loans, so borrowers are able to get funds for much less. Finally, these loans provide additional peace of mind since crypto collateral is stored securely in a cold storage wallet.
Here are some cases where you can use VINU as a collateral and get profit:
- Profit from volatility – CoinRabbit loans remain fixed no matter the exchange rate of the collateral currency. An example will help to explain this concept. Suppose you received a loan with 90% Loan-to-value-ratio against 1,000,000,000,000 VINU when it was valued at $0.00000001747 (approx. $17,470). You were then provided with 90% of your collateral; in this case $15,723. To receive your VINU collateral back, you must repay that exact amount – regardless if VINU rises to $0.000004215 or higher. Technically speaking, when repaying the loan at that point, you’d be getting back a total of $42,150 instead of the original $17,470! Crypto loans allow users to leverage their assets and potentially gain profit simultaneously – making them incredibly advantageous.
- Make a huge purchase and continue holding – The crypto loan allows you to enjoy the value of the invested fiat money while inflation permanently decreases it. Today the same amount values more than tomorrow. Therefore, when you take out a crypto loan against VINU, you keep all your VINU assets but gain extra funds to spend today, as we all know that tomorrow your wishes will be more expensive. 😉
- Tax optimization – Some countries require you to pay up to 40% on your crypto investment profits. There is no direct profit in a loan transaction. So you can take a loan and maximize your tax efficiency without worrying about taxes.
- Technique for managing risks – Rather than holding VINU tokens and risking the unpredictable fluctuations of the crypto markets, crypto investors now have the opportunity to utilize their investments as collateral for a VINU loan. They can access funds while their assets remain secure, allowing them to manage their risks. In this way, they can benefit from the lower interest rates of crypto loans while protecting themselves from potential losses from market volatility at the same time.
Is there a way to work with VINU volatility to avoid liquidation?
VINU crypto volatility can result in liquidation. When you use your VINU to take a loan, it is important to monitor the status of your loan. CoinRabbit offers an instant alert system, which uses SMS and e-mail to inform users when there is a potential liquidation.
You can always add more collateral to adjust the Liquidation price of your loan. Loan collateral at CoinRabbit isn’t frozen; therefore, liquidation prices are adjusted immediately by adding more collateral or repaying your loan.
Aside from that, you can decrease the LTV at any time while the loan is open by adding more collateral. For example, CoinRabbit’s minimum loan LTV is 50%. CoinRabbit allows you to increase collateral immediately after opening a loan, so the LTV will decrease at a rate that suits you.
How to get a VINU loan in 4 steps
The application process for a VINU crypto loan has been significantly simplified thanks to crypto loan platforms like CoinRabbit.
- Choose VINU crypto as your preferred collateral on the homepage, under the Loan calculator section.
- By entering the amount of VINU crypto you want to deposit as collateral, the Calculator will show you the Loan Amounts you will receive, and click “Get Loan.”
- We will ask you to confirm the details, enter your stablecoin address, and verify your email address after clicking “Get Loan”
- Next, send VINU to the displayed address. After we receive your collateral, the loan will be sent to you immediately.
Conclusion
VINU crypto loans with CoinRabbit – is a great tool for crypto investors and holders: you can use a crypto loan to optimize your taxes, make a huge purchase, reinvest in new cryptocurrencies and many more while continuing holding your digital assets.
It’s important to remember that all operations with crypto are highly risky. When you get a loan with any crypto lending platform – don’t forget to check the status of your crypto loan periodically and add collateral if it’s needed to avoid liquidation of the loan.
