$BONE whitepaper
Project Doggos is a collection of 2222 deflationary Doggos with an ecosystem built around $BONE. $BONE is our utility token that will be used for almost everything involving our project. $BONE can only be obtained by staking your Doggo, and staking will be available immediately after launch.
$BONE Total Supply
The total supply of $BONE will be 15,000,000. There will not be an artificial liquidity pool as it is unsustainable and interferes with long-term growth. This is a model adopted from other successful projects such as Degods and BSL with their $DUST and $FORGE token.
$BONE Halving
$BONE will have three halving periods. This is an approach aimed to create longevity for our token to reduce an overflow of supply. This mechanism is also being used for successful projects such as Degods for their $DUST token.
Each halving period will begin when:
- 5,000,000 tokens mined
- 7,500,000 tokens mined
- 10,000,000 tokens mined
Each halving period will reduce all staking rewards by 50%
$BONE Distribution
10% to the team
10% Project Doggos Vault (for giveaways, collabs, dao, etc)
80% staking
Staking Rewards
Each randomly-generated Doggo will have one rarity: common, uncommon, rare, epic, legendary, or mythic. Each rarity will generate a different amount of $BONE.
Tokenomics Thesis
The $BONE token is a deflationary token with many uses throughout the Project Doggos ecosystem. Our token’s supply is set to completely max out in 18 months if every single Doggo were to be staked throughout that period (including gen 2). We estimate that our token will actually mint out in 24–30 months. We kept the supply of $BONE limited to reward long-term stakers and give exclusivity and value to our token. Our staking timeline has been carefully planned so that early stakers benefit the most. $BONE spent on any utility will be burned, meaning that as more utilities are purchased, $BONE supply will decrease. This will increase the scarcity and value of the $BONE token.
$BONE Utility
$BONE will be used to purchase the following
- $BONE mystery boxes containing various rewards such as WL spots and SOL
- Whitelist spots in our upcoming WL marketplace
- Obtaining access to our Solana minting and sniping tool
- Generation 2 Doggos (used for creating Royal Doggos and staking for even more $BONE generation)
- And more!
Utility Pricing
$BONE mystery boxes: 50–500 $BONE
Whitelist Spots: Varies depending on the project
Solana minting and sniping tool: TBD
Generation 2 Doggos: TBD
Final Thoughts
Project Doggos has been in creation for many months now and the team is hard at work to try and bring you guys the best possible project we can create. We want to focus on long-term sustainability for $BONE and also constantly innovate and adapt. We’ve kept the $BONE token fairly limited to make sure it sustains its value long-term and is not just a “pump and dump” token.