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About WifeDoge
-
Founders:
Unknown -
Deflationary mechanism:
12% tax on transactions (2% burned, 5% redistributed to token holders, 5% added as liquidity) -
Goal:
Improve on Dogecoin by increasing transaction speeds and adding deflationary attributes -
Roadmap:
200,000 Telegram followers, 210,000 holders, charity donation activities -
Supply:
747 quadrillion WIFEDOGE, 17.885% burned as of October 8 -
Network security:
BE
About WifeDoge: Empowering a New Era of Decentralized Love
Introducing WifeDoge (WIFEDOGE): A Comprehensive Overview
The Visionaries Behind WifeDoge: Meet the Founders
As is often the norm with meme coins, the creators behind WifeDoge remain shrouded in mystery. Although numerous successful cryptocurrencies boast anonymous founders, only a select few meme coins have managed to achieve such success.
Unveiling the Uniqueness of WifeDoge
The hallmark of WifeDoge lies in its deflationary mechanism, a feature shared by numerous other meme coins. To discourage selling, WifeDoge imposes a 12% transaction tax. This tax is allocated as follows: 2% is burned, 5% is redistributed to token holders, and 5% is channeled towards augmenting liquidity. By leveraging this mechanism and a robust social media presence, WifeDoge aims to surpass Dogecoin by “enhancing transaction speeds and incorporating additional deflationary attributes that incentivize users.” The project also plans to intensify its marketing efforts, with ambitions to reach 200,000 Telegram followers and 210,000 holders, as outlined in its roadmap. Moreover, WifeDoge has pledged to engage in charity donation activities, although the specifics of these initiatives remain undefined.
WifeDoge has garnered international attention, having been featured in prominent newspapers across the globe, including those in Russia, Ukraine, Vietnam, the United States, and beyond. One of the most intriguing aspects of WifeDoge is its extraordinary commitment to donate 5% of its total supply to Elon Musk “when the time is right.” Should this not come to fruition, the tokens are slated to remain locked indefinitely.
What Is the Circulating Supply of WifeDoge (WIFEDOGE) Coins?
WifeDoge boasts a staggering maximum supply of 747 quadrillion WIFEDOGE tokens. As of October 8, a significant 17.885% of this vast supply has been deliberately burned, or permanently removed from circulation. Notably, WifeDoge does not disclose the allocation of tokens reserved for the development team. It is worth noting that an artificially inflated supply is a common strategy employed by meme coins, aiming to entice buyers with the promise of substantial token holdings that can potentially appreciate in value over time.
The Security Architecture of the WifeDoge Network: A Robust Framework
WifeDoge is a BEP-20 token situated on the Binance Smart Chain, boasting a liquidity pool securely locked by dxsale.
WifeDoge resides on the Binance Smart Chain (BSC), a hub for most meme coins, which boasts rapid transaction times and minimal fees. In a similar vein to its fellow Doge family meme coins, WifeDoge seeks to capitalize on the success of its illustrious predecessor, Dogecoin.
The Binance Smart Chain (BSC) is fortified by the proof-of-stake consensus mechanism, which ensures the integrity of the network. Every 24 hours, a cohort of 21 validators is elected to validate transactions and safeguard the blockchain’s security. To be eligible for this esteemed role, these validators must stake a predetermined amount of BNB coins with Binance, thereby demonstrating their commitment to the network’s stability.
When Will WifeDoge Trading Commence?
Notably, the WifeDoge project was initiated in July 2021, with trading activities commencing in September of the same year.
Will WifeDoge Soar to $0.01?
With a staggering supply of 100 quadrillions, WifeDoge is highly unlikely to reach the $0.01 milestone. The website fails to elucidate how WifeDoge plans to distinguish itself from other Dogecoin-inspired cryptocurrencies, despite boasting a respectable social media following. The token’s appreciation will also hinge on the team’s sustained marketing efforts and, naturally, the success of Dogecoin itself.
Where to Acquire WifeDoge (WIFEDOGE): A Comprehensive Guide
WIFEDOGE is now accessible on Pancakeswap (V2), offering users a seamless trading experience.
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WifeDoge
is a community-driven cryptocurrency
Powered by
Binance Smart Chain
(BSC), WifeDoge is a tongue-in-cheek meme coin inspired by the popular
Dogecoin
. With a playful description of its features, WifeDoge is touted as the “good wife who can help make doge money.” The token’s unique mechanism rewards holders simply for holding, while abandoning it triggers a penalty. In essence, WifeDoge operates on a deflationary model, imposing taxes on token purchases and sales. Additionally, the token boasts safe auto-farming, locked liquidity, a charity wallet, and a 5% allocation of its total supply reserved for Elon Musk.
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