HELI DOGE MEME COIN

The DAO proposed, the DAO voted, the DAO decided — Proposal#10 Analysis

In light of the recently passed HELI Doge Meme Coin proposal the team has broken it down into smaller bits and pieces to evaluate the technical feasibility of the proposal.

Below you can find the proposal as it was posted on our DAO proposal submission section. Remarks — with a black vertical line on the side — are related to technical feasibility and / or additional ideas.

— — — — — — — — — — — — — — — —— — — — — — — — — — — — — — — — Introductory Paragraph
Embark on an exciting journey with HELI Doge, a groundbreaking meme token designed to not just captivate but elevate your experience within HeliSwap. Picture this: a 5% transaction tax on buys and sells, strategically channeled to acquire and burn both HELI and HELI Doge tokens. This isn’t just about tokens; it’s about actively fuelling the growth of HeliSwap while adding value to your investment. Join us as we unlock unprecedented potential, making every transaction a step towards a more vibrant HELI ecosystem.

Project Summary
Welcome to the era of HELI Doge, a purposeful meme token that’s not just fun but a catalyst for growth within HeliSwap. Fuelled by a 5% transaction tax, the entire proceeds are earmarked for acquiring and burning HELI and HELI Doge tokens, intensifying their scarcity and value. This intentional strategy isn’t just about tokens; it’s about actively shaping the future of HeliSwap, where each interaction contributes to a thriving community.

→ The HeliSwap DEX cannot handle tokens that have a transaction tax . Providing liquidity and trying to swap a token that has an inbuilt fee is going to result in lost funds.

Benefits to HeliSwap Ecosystem
1. **Strategic Engagement:** HELI Doge is not just a token; it’s your key to a more engaging and vibrant HeliSwap experience, where every move contributes to the community’s dynamic growth.

2. **Growth Catalyst for HELI Token:** The introduction of HELI Doge is expected to attract new participants to HeliSwap, indirectly supporting the growth and visibility of the HELI token.

3. **Buyback and Burn Mechanism:** The 5% transaction tax revenue, evenly split between HELI and HELI Doge, will be directed toward a buyback and burn, positively impacting the scarcity and value of both tokens.

→ The HeliSwap DEX cannot handle tokens that have a transaction fee included. Another way to include a buyback mechanism is needed.

4. **Rewarding Claimdrop Incentives:** Approximately 10% of the total supply is set aside as Claimdrop rewards for HELI holders in the Locked DAO community pool, enticing long-term HELI holders with exclusive rewards.

Summary Specifics
- Introduce HELI Doge, a purposeful meme token designed for an engaging HeliSwap experience.

→ HELI DOGE token could also be used as a token within the HeliVerse.

- Implement a 5% transaction tax, allocating 50% each to buy back HELI and HELI Doge tokens for strategic burning.

→ The HeliSwap DEX cannot handle tokens that have a transaction fee included. Providing liquidity and trying to swap a token that has an inbuilt fee is going to result in lost funds.

- Allocate approximately 10% of the total supply as Claimdrop rewards for HELI holders in the Locked DAO community pool.

→ In the spirit of meme coins, HeliSwap further suggests to use the majority of tokens for the initial Liquidity Provision, and the rest of all tokens for Yield Farming rewards on HeliSwap.

→ The HeliSwap team proposes ways to launch the token, but is also open to ideas from the community.

1) Lockdrop: Create a Lockdrop with ⅔ of all HELI Doge tokens. No vesting, and no lock. Keep rest for YFs and Claimdrop.

2) Fair Farm Launch: Put ⅔ of all tokens into the initial LP creation and burn LP tokens. Keep rest for YFs and Claimdrop.

3) Other ideas from our community regarding the token launch.

Conclusion
Seize the opportunity with HELI Doge, where engagement meets growth. This proposal invites you to be a part of a revolution within HeliSwap, actively contributing to a more vibrant and thriving HELI ecosystem. Join us, and let’s unlock the untapped potential together!

— — — — — — — — — — — — — — — —— — — — — — — — — — — — — — — —

The immediate action items for the team to figure out are:
→ Token launch method
→ Alternative for 5% transaction fee and buybacks or scrap the idea

The team will upload a proposed HELI DOGE structure for the community to check out soon.