Vira-lata Finance (REAU) has already risen 56.305% and moved R $ 18 million!
The whole world may not know it, but here in Brazil we have a mascot, this mascot is a mixed breed dog affectionately nicknamed "Caramel Dog" because of its yellowish color.
Incluse, I have a caramel dog and her name is Gita.
This mixed breed dog is usually easily abandoned by bad people, but it is common for many people to adopt it too, which is my case.
Because it is such a strong symbol on the streets and houses of Brazil, it was created as a meme, following the example of the Doge coin, the REAU cryptocurrency, with the symbol of the caramel dog.
Vira-lata Finance (REAU) launched on March 21 and in less than a week it had a 56,305% appreciation.
In just 5 days it completely moved the market, hitting almost R $ 18 million.
The creation of REAU comes in the direction of the lack of DeFi projects in the Brazilian cryptocurrency market. Therefore, in addition to being part of blockchain technology, the developer reinforces the importance of smart contracts.
According to data provided by Binance, 1 quadrillion units of the cryptocurrency are available for issue. However, so far, only 500 trillion are circulating in the investor portfolio.
As it is a decentralized currency, Vira-lata Finance has a liquidity pool. Thus, a fee of 3% is charged on transactions involving the same. That is, the fee will always be charged and will guarantee its liquidity in future transactions.
In addition, REAU has a fee of 2% per transaction, passed on to all its holders. So, with an exciting turnover of $ 3.1 million in just one week, the cryptocurrency aims to reach $ 400 million in market capitalization.
Is it worth investing in a meme? The developer reported that more than 3,000 people are already investors in Vira-lata Finance. But do not think that it is only the Brazilians who are betting on the caramel doguinho, people from other countries are also guaranteeing the cryptocurrency.
It is worth mentioning that in Telegram alone, Vira-lata Finance already has 5,700 members that support and raise assumptions about the Brazilian cryptocurrency. However, the cryptocurrency has undergone a small correction in the past few days and volatility may persist in the coming days.
However, much more than an exclusively Brazilian DeFi project, cryptocurrency has many other goals. Thus, a REAU intends to go deep in search of expansion throughout Latin America, in addition, of course, to help the animal cause.
And to finish the text, a photo of my baby caramel:
Posted Using LeoFinance Beta
