Were you late to Dogecoin, Shiba Inu and Akita Inu? Well then you’re in luck! Alaska Inu is the newest craze in the Binance Smart Chain world. Alaska Inu is a fully decentralized “experiment” with a host of exciting features including a trading airdrop, a decentralized exchange, yield farming, an NFT exchange, AlaskaMint and Token Burns. What more could you ask for!
What is Alaska Inu?
Alaska Inu is a BEP-20, Binance Smart Chain based, crypto token. This token is what many crypto investors call a “shitcoin” which means there’s a high chance of a rug pull. Just like many other Binance Smart Chain (BSC) doggy coins, Alaska Inu fits an obvious mold of trying to do everything at once, all while doing nothing at all.
Alaska Inu does airdrops from their website that anyone can claim by simply completing a swap on PancakeSwap, the leading BSC decentralized exchange (DEX). On Alaska Inu’s website you’ll find a button to claim each 24 hour airdrop, if that doesn’t work “try refreshing or clearing the cookie.”
Alaska Inu also features a bridge to PancakeSwap that they conveniently provide for the low price of an extra 0.2% fee. 0.1% is returned to the liquidity pool as a reward for the liquidity providers, and the other 0.1% is supposedly used to repurchase LAS to burn.
As if these incredible features aren’t enough, Alaska also has its very own NFT exchange, where all the proceeds are used to buy LAS and burn it – or so they say…
Just when you though the platform couldn’t get any better, they also provide a minting platform with “pre-audited” code for users to make their own BEP-20 tokens – you guessed it – for a fee!
Brief History of Alaska Inu
Alaska Inu has been trading for a whopping day, since May 12th 2021. A day isn’t a long time to be on the market, but it is probably longer than it took them to create this rug pull– I mean, DeFi phenomenon!
Step 1: Open an online account.
You can only get LAS on PancakeSwap or AlaskaSwap (the bridge to PancakeSwap that is totally super necessary). And you’ll need BNB coins or another BEP token to swap into LAS. You can purchase these on Binance.US if you’re a US resident, or on Binance if your IP address is located outside of the US.
Step 2: Buy a wallet (optional).
If you want to keep your Alaska Inu safe for the long term, you’ll want to purchase a Trust Wallet where you can store LAS and all your other favorite BSC tokens.
Best Software Wallet: MetaMask or Trust Wallet
If you don’t trust the Trust Wallet, you can also add the Binance Smart Chain network on your MetaMask wallet and store you BSC tokens there as well.
Step 3: Make your purchase.
Enter the PancakeSwap or AlaskaSwap and connect your MetaMask. Next, swap from a token you have into LAS. You’re all set!
Bonus section: Interacting with PancakeSwap on the Binance Smart Chain will incur a gas fee for processing space on the blockchain. This fee is paid to the validators of the chain, who keep everything running smoothly.
Leverage Your Crypto With BlockFi
BlockFi allows you to stake your cryptocurrency assets on their platform and get cash out with no credit checks required. You’ll have to overcollaterize your loan, but this is a great way to get access to your money without cashing out and paying those pesky capital gains taxes.
Current Crypto Prices
2021 has been quite the year for cryptocurrencies in general. As new money floods the space, so do new opportunities and new scams. Just be careful with your money, and don’t gamble with more than you can afford to lose.
Is Alaska Inu a Good Investment?
As the newest doggy coin on the block, there may be some insane upside in the near future. There also may be a rug pull shortly after. It’s impossible to know for sure, so always do your own research, and make sure to diversify your crypto portfolio across blockchains and use cases.