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1. Overview of DOG
DOG is a decentralized and extremely deflationary currency based on the Huobi ecological chain, and the liquidity mining pool is permanently locked. DOG is an upgraded and innovative token in the DeFi field. There is no need to force the holder to manually add the fund pool, and the fund pool will automatically accumulate continuously in every transaction, so that the DOG fund pool will automatically increase in circulation and be safe. , automatic, fast, stable, persistent, permanent and cannot be tampered with. The day the ownership of the smart contract is issued, it is transferred to the black hole address. Every transfer transaction on the DOG chain will deduct 5%, of which 3% will be added to the MDEX fund pool to provide liquidity, and 2% will be allocated to all currency holders in real time, including black hole addresses, because the amount of currency held by black hole addresses is greater than the total circulation Therefore, more than 1% of the DOG dividends are distributed to the black hole address in real time, and the dividend of the black hole address will always be greater than 1% and infinitely close to 2%. The remaining part is distributed to other holders outside the black hole address in real time. Relatively speaking, the larger the proportion of currency holdings in the personal currency holding address, the more corresponding dividends will be obtained.
Since the issuer has withdrawn in the early stage, the current DOG is completely driven by the DOG community built by the currency holders.
2. The origin of DOG
It is inferred that DOG was created freely by a group of Dogecoin doge enthusiasts overseas. The birth of DOG made up for the lack of doge. The circulation of doge continues to increase every year without automatic The destruction mechanism causes constant inflation. The only income for investors holding doge can only come from the price difference generated by the rise. In contrast, DOG has a more scarce investment value. DOG measures issuance. No matter whether the currency price rises or falls in a short period of time, the holders will Enjoy the dividend income brought by real-time transactions, value appreciation, never additional issuance and unlimited deflation of the total circulation. Therefore, DOG has attracted many doge investors to participate in it in the early stage. DOG was issued anonymously through the Internet around March 10, 2021, and no valid information about the relevant founders has been found so far.
3. The Mechanism Vision of DOG
Everyone who holds DOG is a block super node, and each node will actively expand new block super nodes in order to realize their dreams, thus continuously circulating Reciprocating, pushing more super nodes to join, each new member's joining or exit will provide a steady stream of power for triggering the destruction of the dividend mechanism, and finally the dream of all block super nodes will be gradually realized. Some people speculate that the issuer hopes to help realize the hopes and dreams of the bottom groups who do not have the ability or resources to obtain more wealth opportunities in the real society by creating DOG, a real-time, efficient, unique and simple reward mechanism.
4. The unique charm of DOG
DOG has a unique reward and deflation mechanism, and at the same time has the characteristics of liquid trading mining. Holding DOG is equivalent to owning a super mining machine without any loss of cost. It is permanently effective, and the DOG dividends produced every day can be exchanged into any mainstream currency of your choice in real time. Specifically: the DOG in the holder's wallet will receive a dividend reward for every transaction in the world according to the locked blockchain smart contract, which cannot be tampered with, so as to ensure that each holder obtains a fair income, which is truly decentralized Dividends from smart contracts, and dividends from each transaction are automatically credited to the wallet in real time. The larger the number of DOG in the wallet, the more interest dividends, and the longer the storage time, the more accumulated dividends, just like people deposit legal currency in the bank to obtain interest income. Only long-term holding of transfers, transactions, and circulation of DOG can generate a steady stream of income. This design is particularly conducive to the allocation of personal and family assets, which can effectively resist the reduction of wealth caused by inflation and realize the steady appreciation of wealth assets.
Simply put, holding DOG is equivalent to depositing money in a global decentralized super bank, never closing, anonymous, safe, fair, transparent and reliable. No matter where you are in the world, you can withdraw your money at any time at any time, earning interest every second, and the longer you store it, the more interest you will earn. It can truly double your assets.
5. DOG destruction mechanism and its value
Since all behaviors on the chain will trigger the destruction dividend mechanism, the stock of DOG will become more scarce as time goes by and the frequency of transactions increases. So it is also known as: Digital gold (digital gold).
Summary of DOG advantages:
Dividends for coin holders
Infinite deflation
Scarce digital assets
It is often used as one of the important components of personal and family asset allocation. In addition, DOG is also widely used by people as rewards after the achievement of mission goals, as a gift exchange between public welfare support and interpersonal relationships, representing the sublimation of friendship and emotion between people as precious as gold, New Year red envelope gifts, and junior New Year's greetings Gold, Christmas gifts can use DOG. Even in some overseas countries, DOG has been used by crazy young believers for marriage proposals as a digital gift. Therefore, DOG has quickly become an indispensable digital asset in the digital currency wallets of many young people at home and abroad.
Due to the extremely low price of DOG, many holders call it the poor man's Bitcoin.
6. The construction and development of the DOG community
The DOG community is a model of a purely autonomous community in the true sense. Every currency holder has the right to actively participate in the construction and development of the community, and contribute to the development and To grow up and contribute one's own strength, the DOG community itself does not have a personal recommendation interest relationship, and everyone is in a parallel relationship. They are nodes for each other and free currency holders. Any token holder has the right to establish a local DOG community on the basis of the "DOG Long-term Development Program" to serve more DOG token holders.
The holders of the DOG community come from all over the world. Up to now, the number of effective holders in the world has exceeded 3 million. With the continuous efforts of all consensus members in the community, the number of DOG holders is still rising every day.