Hacker group Anonymous to launch a new crypto token Anon Inu, to fight against China and Elon Musk but will it have a worthy use case? Let’s find out in our altcoin news today.
The anonymous crypto token is now available to buy but what does it mean for the users? The Hacker group Anonymous will launch the new token Anon Inu on the Binance Smart Chain. In a YouTube video announcing the token, the group claims the coin is poised to fight Elon Musk and China but how it will do so is unclear at the moment:
“We believe that crypto is just getting started. So we have released the Anon Inu token, a new DeFi community token with various built-in utilities. In addition to fighting Elon Musk in the meme war, the token will also be fighting China in the crypto war.”
Going down the meme-inspired crypto token route raises more questions on the credibility of Anonymous. Anonymous is a collective of activists and hackers that became popular in 2003 on the 4chan message board, the stand for human rights, fighting tyranny and autonomy.
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Members distinguish themselves by wearing Guy Fawkes masks that were depicted in the novel and movie V For Vendetta. The group performed cyber attacks on government agencies in Tunisia, Israel, the US, and Uganda in the past but also corporations like Mastercard, PayPal, Sony, and Visa. The FBI infiltrated the group in 2011 which led to the arrest of a key figure called LulzSec and since then, the scale and frequency of attacks dropped:
“The marked slowdown in claims made by the group in the years following 2011 drove speculation that greater caution among members drove major players to keep a lower profile. However, the group continues to announce actions and issue warnings via its official website and Twitter account.”
Eight months ago, Anonymous opened a YouTube channel that has been verified. So far, there have been a few uploads and one of which was a message to Elon Musk in response to his role in the BTC energy issue which led to tanking of the crypto markets. The Anon Inu website gives details on the token and describes it as a DeFi token that raises money for animal shelters and features token burns that will give rewards via 5% distribution of the transaction fees:
“ANON INU’s goal is to keep his holders happy by being a Defi token that has three functions: manual burns, adding towards liquidity and distributing his holders.”
A review of the roadmap shows a lack of technical upgrades, so the Anon Inu developers seem to be focusing on marketing like onboarding influencers and getting listed on aggregator sites like CMC.
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