Gorilla Inu is a new memecoin that launched on the Ethereum blockchain on October 21, 2021. According to the anonymous developers, “Gorilla Inu was created with the goal of being a decentralized meme project with utility and with real world value”.
Unlike other memecoins like Shiba Inu or Doge, the developer say that Gorilla Inu will allocate 1% of the token supply to donate to Gorilla protection organizations around the world. Each month the community will suggest and vote on which organizations to donate proceeds to.
As far as tokenomics, 50% of tokens and 100% of liquidity will be locked for 1 year. After that, the community will discuss & vote on what corse of action to take. The contract also has a built-in 10% transaction fee, with 9% Gorilla Inu burned and 1% distributed back to token holders.
As with any memecoin with anonymous developer, there is always a risk of a rug pull. The Gorilla Inu team stresses transparency, and states “full transparency and delivery not only in the community support and development, but also in any security effort. Examples include open sourced and verified GORILLA INU’s code, and 100% of liquidity tokens being locked for 1 year to strongly reduce any risk of malicious behavior”. But with any coin, do your own research.
Token address: 0x68257309fcdfe1e6edb592da97ac8215fe583908
Total supply: 1,000,000,000,000,000,000 (100%)
Circulating supply: 500,000,000,000,000,000 (50% is locked for 1 year, with the community)
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