Place/Date: - October 19th, 2021 at 6:57 pm UTC · 4 min read
Contact: DogeCola, Source: DogeCola
DogeCola’s sister token DogeBull reaches 500 BNB target in minutes after its launch.
DogeCola, the most innovative mixture of crypto and food, which received immense love from masses across the globe, recently launched its Sister Token “DogeBull.” Shortly after its launch, the token received an equivalent positive response from the community, where it reached the hard cap of 500 BNB in few minutes. The token also made record listing on many major exchanges like CoinGecko, CoinMarketCap, TrustWallet, and even on BiG One exchange. It achieved all this following a growth leap of 800% in just 3 days from its launch, which is an unprecedented feat in the crypto space.
DogeCola is following its core footsteps and has brought forward DogeBull, which, as the name suggests, is another mixture of a soft drink and crypto. The best part about this token is that it is fully integrated into the ecosystem of DogeCola. But, ironically, DogeBull represents a whole new concept into the primary ecosystem. Holders of DogeBull will have access to earning daily reflections that too in DogeCola and benefit from the price hike of both these cryptocurrencies.
The DogeBull team has developed a unique smart contract that will perform daily buybacks of DogeCola and re-distribute it among holders of DogeBull to ensure continuous positive price movements. With this, the holders will receive reflections and benefit from the price hikes of the base token as the price is destined to go up in given intervals.
Many other crypto tokens offer reflection, but most work only in one direction and do not possess the stability required to guarantee long-term returns. They even organize buybacks just to burn their tokens to regulate and pump their price, but unfortunately, this technique is soon proving to be useless. On the other hand, DogeBull, with its unique smart contract, performs regular buybacks not to sell or burn but to distribute it among its community members, who will then hold it and eventually hike its price.
The token follows a simple yet efficient tokenomics that ensures price stability and offers decent rewards to the holders. Holders of DogeBull will get 7% from every buy or sell order which will be re-distributed to them in DogeCola tokens. Only holders who have more than 200,000 will be eligible to get this reward. Holders with more than the required tokens will enjoy automatic rewards in their wallets, which means they don’t have to wait or claim these rewards through any portal.
Apart from this, 7% of their transactional costs will go to the marketing of DogeBull. The team says,
“This will allow us to fuel our most ambitious projects in service to reward our community further while feeding the whole DogeCola Ecosystem.”
Lastly, 1% of every transaction will go into providing liquidity for PancakeSwap. This will ensure to create a higher price floor and also increase the overall stability of the project.
Each buy transaction will attract a total fee of 15%, and according to their team, this distribution will be used to support their growth and marketing endeavors. Similarly, each sell transaction will also attract 15% fees devised to ensure an anti-whale mechanism so that no significant dumps can happen. It also controls trading bots who try to exit high and enter low so that instant buybacks can be performed and long-term holders do not panic.
This is a unique concept that was not seen before; it increases the price of DogeBull and provides the necessary trading volume for DogeCola to affect its price positively. The token recently completed its initial offering, where it received a very positive response from the crypto community. According to its developers, the token will be shortly available on all the major crypto exchanges.