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DogeDefi Crypto Coin Launching On July 25th
Rank : Newbie
Status : Member
DogeDefi Bounty Contest
Join and win up to 0.2 BTC plus $ 10,000 worth in $DogeDifi!
Here are contest rules
In order for your points to count, you need to verify your email address.
Your referral also needs to verify their email address so you can get your share.
Entries are limited to 1 per person, double or more accounts are forbidden.
Top 1 will receive 0.1 BTC.
Top 2-3 will receive 0.1 BTC shared between both (0.05 BTC each).
Top 4-10 will receive $3,000 worth of Tokens shared equally.
Top 11 to 50 will receive $3,000 worth of Tokens shared equally.
Top 51 to 500 will receive $4,000 worth of Tokens shared equally.
Contest winners will receive their reward based on position.
from top 1 to 3 will receive the reward on their submitted BTC wallet address.
11-500 contestants will receive their reward on the submitted ERC20 wallet on registration.
We reserve the rights to ban and block anyone who tries to cheat.
The contest starts on April 18th 2021 at 12 PM UTC
The contest ends on July 18th 2021 at 12 PM UTC
Distribution to the winners will be after August 7th 2021.
Admin - DogeDefi
Here Are Details Of DogeDEFI Protocol
Static Rewards, LP Acquisition, Manual Burn
A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator.
With the explosion of DeFi we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards.
We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in.
However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price.
This Is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.
Static rewards solve a host of problems.
First, the reward amount is conditional upon the volume of the token being traded.
This mechanism aims to alleviate some of the downward sell pressure put on the token caused by earlier adopters selling their tokens after farming crazy high APY’s.
Second, the reflect mechanism encourages holders to hang onto their tokens to garner higher kick-backs which are based upon a percentages carried out and dependant upon the total tokens held by the owner.
Sometimes burns matter; sometimes they don’t.
A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way.
Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed.
The conditions of the manual burn and the amounts can be advertised and tracked.
DogeDEFI aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term.
Furthermore, the total number of DOGEDEFI burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.
Automatic Liquidity Pool (LP)
Automatic LP is the secret sauce of DOGEDEFI.
Here we have a function that acts as a two-fold beneficial implementation for holders.
First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP creating a solid price floor.
Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of DOGEDEFI as a reward for the holders.
In theory, the added LP creates a stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens overall LP and supporting the price floor of the token.
This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply.
As the DOGEDEFI token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders.
The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function.
All of this is an effort to alleviate some of the troubles we have seen with the current DeFi reflection tokens.
We are confident that this model and protocol will prevail over the outdated reflection tokens for these reasons
Total Supply: 1,000,000,000,000,000
Burned Dev Tokens: 223,000,000,000,000
Fair Launch Supply: 777,000,000,000,000
Dogedefi employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways.
5% fee = redistributed to all existing holders
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