A Dog Coin from a Galaxy Far, Far Away…
About DOGEDI
DOGEDI ($DOGEDI) is a new buyback hyper-deflationary dog coin on the Binance Smart Chain (BSC). Holders of DOGEDI can auto-claim Binance Coin ($BNB) rewards. They claim they are the first to introduce the Everrise Buyback Mechanism into their token.
DOGEDI’s contract address is:
0xDc49d53330317cBc6924fA53042e0C9bCa0A8d63
Tokenomics Behind DOGEDI
Here is a high-level overview of the Tokenomics behind DOGEDI. Four percent (4%) goes to $BNB Reflections, which are paid every hour, five percent (5%) goes to Marketing and Development of the project, and 6% goes to their buyback function (Deathstar).
The Doggie Deathstar
DOGEDI (pronounced “Do-Jedi”) also has their “Deathstar” Autoboost Buyback function, where tokens collected by fees are converted into $BNB, and then securely locked and stored in the DOGEDI contract, also known as their Strategic Reserves. Any $BNB in the Strategic Reserves cannot be withdrawn. Instead, it can only be used to buy back DOGEDI from the open market and burn those tokens.
Once DOGEDI tokens are bought back, the $BNB amount is added to the liquidity pool, and the DOGEDI tokens are immediately burned, which creates a “true burn.” This guarantees that the price per token will increase every time the buyback is activated.
This feature is funded by DOGEDI's 6% buyback fee. The purpose of this feature is to act as a safety net for DOGEDI users.
DOGEDI claims the DeathStar is only deployed at specific times to allow DOGEDI to maintain a stable price floor. At the time of writing this article, the Deathstar has burned 20,000,000,000,000 DOGEDI.
Holders are also “auto-staked,” and receive 4–7% of the transaction volume in $BNB rewards. This amount varies based on the buy or sell fees of the transaction.
DOGEDI on PancakeSwap
DOGEDI also just launched on PancakeSwap. Pancakeswap is the biggest decentralized exchange on the Binance Smart Chain. DOGEDI is a BEP-20 token which means you can trade BNB and other cryptocurrencies for it on BSC!
The DOGEDI Jedi Team
The team behind DOGEDI is not only fully doxxed, but they are also KYC’d with SolidProof and PinkSale. SolidProof is a certification company that holds all of the team’s records, reviews their project information, and monitors all activities of the project and its wallets.
The project has also been audited by TechRate, and Audit Rate Tech.
The Future of DOGEDI
Looking at their roadmap, there seems to be a lot coming for the project, including partnerships with worldwide animal shelters, a BankerDoge staking integration, a Certik audit, and a DOGEDI Card Game with a metaverse integration and NFT platform.
Thanks to DOGEDI for sponsoring this article! This is not financial advice. Please make sure to do your own research before investing in any platform. Subscribe to the VoskCoin YouTube Channel to stay up to date on the latest cryptocurrency news and reviews!
