Inedible Coin is a crypto project that is designed as an anti MEV (Miner Extractable Value) protection token. Its main purpose is to provide a safer marketplace for investors and traders by preventing sandwich attacks during buy orders. Originating as a meme token, Inedible Coin has now expanded its horizons with the upcoming launch of its own decentralized exchange (DEX), Inedible X.
About Inedible Coin
Inedible is a unique project in the crypto world that provides an innovative solution to the problem of sandwich attacks, a common concern in the crypto trading environment. Sandwich attacks refer to instances where malicious entities manipulate the price of a token by placing buy orders immediately before and after a victim's transaction. Inedible Coin's system prevents this unfair practice, ensuring that no one gets "sandwiched" when making purchases.
Transforming from a Meme Token
Initially, Inedible started as a meme token, a type of cryptocurrency that draws value from internet culture and humor. However, recognizing the need for a safer trading space, the Inedible project began to evolve. The team behind Inedible decoupled from its meme roots to build a more purposeful platform, leading to the creation of its own DEX, Inedible X.
The Future: Inedible X
The next step for the Inedible project is the development and launch of Inedible X, its own decentralized exchange. This exchange will serve as the primary platform for trading the Inedible token and, potentially, other cryptocurrencies in the future.
Utility of the Inedible Token
The #INEDIBLE token is not only a safeguard against unfair trading practices but also a governance token for the Inedible DAO (Decentralized Autonomous Organization). Holders of the #INEDIBLE token will have the power to dictate various aspects of the protocol, such as trading fees and supply requirements. This means that the community gets to steer the direction of Inedible's growth and development.
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