Dogedefi

Dogedefi

Most people know about Doge and it was created as a joke meme coin but it gained in popularity even though it has no real useful purpose. Now comes along defi (decentralized) exhanges and they have paired with doge to create dogedefi a useful coin.
 
The more people you refer, the more coins you get. The more coins you get, the more your NET WORTH increases  and with the right push that we’re giving, at the
right price, its BOUND TO MAKE US A FORTUNE! 
 

White Paper

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.
Rules
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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.

Why Static?

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.

Manual Burns

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

Tokenomics

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 Protocol

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

5% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the SAFEMOON tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.

Safety Step by step plan to ensure 100% safety.

Step 1

Dev burned all tokens in Dev Wallet prior to launch

Step 2

Fair launch on DxSale

Step 3

LP locked on DxLocker for 4 years

Step 4

LP generated with every trade and locked on Pancake

Road Map

Q2 2021

Protocol Initialized We have successfully onboarded and confirmed a DogeCoin trading pair with Bibipom. We have also successfully begun integration process with WhiteBit [Imminent] and began legal paperwork with Bitmart. Our team size has doubled and our marketing campaign has begun.

Q3 2021

The Initial Push The Whitebit tokenomics integration will be completed along with the completion of the DogeDEFI App, Wallet, and Game(s).

The Bitmart integration with tokenomics will also be completed in this quarter.

We will begin architecting the NFT Exchange as well as video-game integrations.

We will be integrating DOGEDEFI with African Markets in addition to setting up a Charity drive and charity vote.

We will be exploring other exchanges (i.e. Binance) and begin architecting the DOGEDEFI Exchange.

We will be expanding the team by 35% and establish a UK/Ireland office.

We will be architecting a crypto educational app as well as onboarding new partners.

Q4 2021

Holding the Line We will finish our crypto educational app and begin our own charity project.

We will begin a community listing donation raise for several exchanges (i.e. Coinbase, Binance, Kraken).

We will finish our NFT exchange and release our first video game with DOGEDEFI integrated.

We will be expanding the team by 25% and do a community meetup (pending covid restrictions). We will also be integrating with other large exchanges (I.e. Binance, Mandala).

Q1 2022

To the Moon! We will finish the DOGEDEFI Exchange and our charity project.

We will finish integrations with our first African market and begin the next integrations with additional African markets.

We will create an African based DogeDEFI Office and begin hiring in those markets to create jobs.

We will be taking donations for our next charity project and begin a vote on the next project as well.

We will be establishing a DOGEDEFI Scholarship in this quarter as well.

Admin – DOGEDEFI

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