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Summary of DOGECOIN X
- Launched on November 13, 2023, with 10 septillion DOGECOIN X tokens
- Uses deflationary techniques and income generation for its ecosystem
- Hedges marketing wallet into yield-bearing assets to generate additional income
- Total transaction fee: 9% (3% token auto burn, 1% burn Liquidity Pool, 2% marketing, 3% philanthropy)
- Long-term vision: dominate metaverse ecosystem (DOGECOIN Xverse) and reduce carbon footprint
- Aims to offer options for improving carbon footprint through green energy, tree planting, and reducing global warming
Introducing DOGECOIN X: The Pioneering Cryptocurrency
DOGECOIN X is a token on the Binance Smart Chain that perpetuates exponential growth through the implementation of genuine deflationary mechanisms, thereby generating supplementary income streams for its ecosystem. Launched on November 13, 2023, DOGECOIN X debuted with an initial supply of Ten Septillion tokens. One of the primary challenges plaguing cryptocurrency projects is the lack of sustained trading volume, which can hinder marketing and development efforts during periods of low liquidity. DOGECOIN X addresses this issue by allocating a portion of its marketing wallet to yield-bearing assets, thereby generating additional revenue that can be utilized to fuel further development, marketing initiatives, and, in the future, reward holders through Starship Doge. According to the DOGECOIN X whitepaper, the platform’s total transaction fee stands at 9%. This fee is allocated as follows: 3% token auto burn on each transaction, 1% burn Liquidity Pool on each transaction, 2% for marketing initiatives, and 3% for philanthropic endeavors. The long-term vision of DOGECOIN X is to dominate the metaverse ecosystem, dubbed DOGECOIN Xverse. Within this ecosystem, the platform envisions a future where it reduces the carbon footprint of an entire province, as mapped on a global scale. DOGECOIN X aims to provide users with a diverse range of options to minimize their carbon footprint, including the adoption of green energy, reduction of carbon dioxide emissions, reforestation, and combating global warming.