Lately, a meme token named “LOVELY” has been doing rounds in the crypto space, and you must have come across its name surely. “Lovely” can also be translated as adorable, which is a cool way to introduce itself and connect with its community.

While it uses wordplay for a lighthearted touch, Lovely Inu, with the token name LOVELY, strives to equip its community with smart contract-driven tools for maximizing mutual advantages. In this article, get a brief overview of Lovely Inu, its core value, features, tokenomics, and how to buy it in India!

About Lovely Inu

Lovely Inu is a decentralized meme project built on BEP-20 technology, designed to establish equitable distribution through a Proof-of-Stake (PoS) consensus, all while minimizing energy and computational inefficiencies.

4 Principles of the Lovely Inu Project

At the core of the LOVELY Token project lie four fundamental principles:

• Absolute transparency;
• Tight-knit community;
• High level of trust;
• Confidence in the project’s promising future.

Key features of Lovely Inu

• Security & Reliability:

LOVELY has impeccable safety and a thoroughly audited foundation. This transparency fosters a sense of trust in the community, instilling confidence in owners and investors. When considering investments, security comes first, and Lovely Inu always prioritizes this.

• Community Standard:

Through complete decentralization, individuals can engage in peer-to-peer transactions without the need for any financial intermediaries. Community-driven and funded by donations, Lovely Inu supports community empowerment and upholds and appreciates all endeavors benefiting the community, be it development, marketing, or something else. Transparency remains integral.

• Lovely Stake:

Within the official NFT/Defi marketplace, LOVELY STAKE, token holders can deposit their lovely tokens to acquire exclusive NFTs crafted by local artists. This bolsters community support and utilizes profits towards fostering Lovely’s growth, with artists also receiving rewards.

• LOVELY SWAP:

Seamlessly facilitated by its DEX, LOVELY SWAP enables users to trade BEP20 LOVELY tokens for BUSD and BNB, offering enhanced liquidity and ease of exchange.

Tokenomics of Lovely Inu (LOVELY)

Total Supply – 75T LOVELY Tokens

Circulating Supply – 69.75T LOVELY Tokens

Market Capitalization – $9.23M

24-Hour Trading Volume – $3.93M

Price – $0.0000001323 per LOVELY token

(Data is taken from Coinmarketcap)

The LOVELY token operates with a total supply of 75 trillion tokens, and its estimated fully diluted market capitalization is currently valued at $9.91 million.

Lovely Inu has devised a strategy to enhance the token’s value by conducting quarterly coin burns through a smart contract inspired by Binance’s burn function. The company intends to utilize 15% of the profits from trading fees each quarter to repurchase tokens and execute burn events until 55% of the total token supply has been burnt.

Now, let’s quickly see how you can buy LOVELY tokens in India in 2023.

How to Choose a Good Crypto Exchange in India?

You need to do thorough research when using a crypto exchange to invest or for crypto trading in India. You must research the legitimacy of the platform and the credibility of the team behind it before deciding on an exchange to invest in Lovely Inu (LOVELY) crypto in India.

You should also ensure the platform provides the following before investing in a LOVELY token:

• The exchange’s website/app has a simple user interface and is easy to use.
• The exchange supports Lovely Inu (LOVELY) trading pairs.
• The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
• The exchange offers reasonable trading fees to buy crypto in India.

So, here’s how you can buy LOVELY in India in 5 easy steps.

Buying LOVELY in India in 5 Easy Steps

Below are a few simple steps you can follow and buy the LOVELY token in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy LOVELY tokens is using P2P trade. To get answers to all your queries related to the P2P trade, click here!

Bonus point: INR Deposits are also LIVE on the WazirX platform. Now, you can buy LOVELY tokens using INR.

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling LOVELY Crypto, you are required to create an account on the WazirX platform by signing up. Also, you can directly Log-in if you have an account already on the platform.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX account using P2P.

After integrating your bank account into your WazirX account, you can buy USDT through P2P to the WazirX wallet. The USDT will act as funds to help you buy your favorite Cryptos.

Step 5 – Finally, buy LOVELY on WazirX.

You can now easily purchase LOVELY tokens using P2P trade on the platform. Check the LOVELY to INR rate from here and LOVELY to USDT here.

After logging in to your WazirX account, you can choose USDT from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total USDT amount to be paid.

Your order will be placed according to the price you have input. A seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the LOVELY Coins you purchased in your WazirX wallet.

Happy Trading!