What is DogeBonk (DOBO)?
About DogeBonk
DogeBonk is a token in the Binance Smart Chain (BSC) with disinflationary qualities and mechanical generation of earnings.
In all transactions without exception, a 5% fee is charged, which is shared among DogeBonk holders only because they hold their tokens. Another 5% tax is automatically added to the closed liquidity pool.
The launch of DOBO was bona fide: no pre-sale was conducted, and to ensure that bots did not take over the token in any way, only 0.5% of the prescription size (5,000,000,000,000,000,000 tokens) can be bought/sold because of a single time.
Why Binance Smart Chain (BSC)?
BSC is a platform for numerous innovative plans and a gaming platform for numerous gifted creators. Given the fast and affordable transactions, it’s a perfect role for shaping the token economy. I am grateful for the chance to improve in this kind of intense and user-friendly blockchain bond.
The problem with APY farms and our solution
A common misinterpretation of the issue, interconnected along with a large mediocre APY, is the individuality of variable losses from the LP (liquidity provider gene) rate in the farmer reimbursement generator.
Already after the DeFi breakup, I began to witness this, as well as a very large number of the newest cryptocurrency researchers fell into the trap of LP farming along with a large APY, feeling incorrigible as they were kicked out by the most premature consumers along with the biggest retaliation because of the rate.
I all without exception existed further – the presence of a variant of these shiny six figures can be tempted to enter the fun. But almost constantly the token is tormented with an inevitable valuation bubble, because of which it is necessary to eat and the inevitable collapse of value.
For this reason, I began to witness the public introduction of permanent rewards, besides popular as well as display, a single concept that tries to eliminate the difficulties initiated by farmer rewards.
DOBO is trying to shape this theory by including several additional functions, which are based on the existing modifications of the tokens of permanent refunds.
LP Acquisition
The automatic LP is DOBO’s secret sauce. Here we have a feature that acts as a double benefit for holders:
First, the contract collects tokens from both sellers and buyers and adds them to the LP to increase price stability. Second, the “penalty” acts as a mechanism to discourage arbitrage, which provides DOBO volume as a reward for holders.
Theoretically, the added LP creates stability over the LP provided by adding the tax to the total liquidity of the token, thereby increasing the total LP of the token and reducing its volatility.
The goal is to prevent big dips when whales decide to sell their tokens, preventing the price from fluctuating as much as it would if there was no automatic LP feature. Liquidity has been locked down permanently by sending all LP tokens to the null addresses.
This, and the contract waiver, makes DOBO a truly unique and decentralized token created by the community.
Automatic burns
DOBO aims to implement a burn-in strategy that is beneficial and rewarding for those who participate in the long term.
Burning a token directly affects supply and demand dynamics. The most notable goal is to create a deflationary effect. Initially, 30% of the supply was burned.
The current burn walletearns reflects thus constantly burning a small amount of tokens.
Over time, the burn walletearns continues to burn the small amount it receives in reflections, thereby contributing to the continuous and automatic burning of tokens.
This mechanism reduces the available supply and theoretically increases the value of each token held by users.
Passive income through reflections
As described in the “Static Rewards (Reflections)” section, DOBO holders earn passive income simply by holding their tokens because 50% of the total 10% tax on all transactions is redistributed to all existing holders as static rewards proportional to the number of DOBOs they hold.
Unlocking premium features on MemeTools
MemeToolsis is a cryptocurrency data aggregator and trading platform that was created by DogeBonk.
Users of the platform can unlock our “carpet checker” by holding at least 3 billion DOBO (as of February 18, 2022).
This amount will be adjusted periodically as the price of DOBO changes to ensure fair pricing.
Where can I buy DogeBonk?
DOBO tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade DogeBonk is PancakeSwap (v2), where the most active trading pair DOBO/WBNB has a trading volume of $4,436.73 over the last 24 hours.
What is DogeBonk (DOBO)’s daily trading volume?
DogeBonk (DOBO) has a trading volume of $4,436.73 in the last 24 hours, up 835.80% from one day ago, indicating a recent uptick in market activity.
What is the all-time high for DogeBonk (DOBO)?
The highest price paid for DogeBonk (DOBO) is $0.063841 which was recorded on November 23, 2021 (about 2 years). Comparatively, the current price is 97.96% below the all-time high.
What is the historical low for DogeBonk (DOBO)?
The lowest price paid for DogeBonk (DOBO) is $0.0132112 which was recorded on October 19, 2021 (over 2 years). Comparatively, the current price is 37,099,024.15% higher than the all-time low price.
What is DogeBonk (DOBO)’s market capitalization?
DogeBonk (DOBO) has a market capitalization of $4,272,534 and is ranked #1725 on CoinGecko today.
Market capitalization is determined by multiplying the token price by the circulating supply of DOBO tokens (550 trillion tokens traded on the market today).
What is the fully diluted valuation of DogeBonk (DOBO)?
The fully diluted valuation (FDV) of DogeBonk (DOBO) is $7,791,930.
This is a statistical representation of the maximum market value assuming the maximum number of 1 quadrillion DOBO tokens in circulation today.
Depending on how the DOBO token issuance schedule works out, it could be several years before the FDV is realized.
How does DogeBonk’s price performance compare to its peers?
With a price appreciation of 12.20% over the past 7 days, DogeBonk (DOBO) is outperforming the global cryptocurrency market, up 1.70%, and outperforming peers BNB Chain Ecosystem Cryptocurrencies, up 0.00%.
How do I add DogeBonk (DOBO) to MetaMask?
By adding DogeBonk (DOBO) to MetaMask, you will be able to view your token holdings, trade on decentralized exchanges, and more. To add them, you need to import DOBO as a token.
You can copy the DOBO contract address (0xae2df9f730c54400934c06a17462c41c08a06ed8) and import it manually, or, if you’ve installed the MetaMask extension for Chrome, add DOBO to MetaMask with a single click on CoinGecko.