SafeMoon, Shiba Inu, Elongate, Moonrat. Maybe you’ve heard of them. Maybe you even held one of them at some point. Most likely you sold them before you should have. What do these tokens have in common? A quadrillion dollar token supply and deflationary nature.
Thanks to the excessive gas prices on the Ethereum network and the rise of Binance Smart Chain (“BSC”) and its low fees, clones and forks of these successful projects have been launched. Our team has been involved in too many rug pulls, non-transparent teams with only a short-term vision in mind. We knew we could step in and deliver a product which has the investors’ best interests in mind, while combining only the most successful elements of the aforementioned projects.
Introducing LunaDoge ($LOGE), a fully transparent project where the team will provide the initial liquidity to PancakeSwap. This enables a fair launch for everyone, where you don’t have to worry about whales selling their allocations and crashing the price. Furthermore, we will lock the liquidity for 6 months using Unicrypt.
Project features
LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors.
LunaDoge taxes every transaction 10% of its $LOGE value. Below we will explain how this 10% is used to incentivise holders, increase the price floor of the PancakeSwap liquidity and decrease the total supply of $LOGE.
In its core, LunaDoge uses the static rewards mechanism introduced by RFI. Every transaction has a 5% tax which is redistributed proportionally to all LunaDoge holders. Dividends received by addresses holding team tokens will be burned. Once we start burning tokens, the 0x0dead address is also a holder and therefore will reduce the supply even more.
Through the LunaDoge contract, 5% of every transaction is added to the liquidity on PancakeSwap. Because the liquidity is locked for at least 6 months using Unicrypt, this means with every single transaction the price floor is raised. Also, the higher the liquidity, the lower the impact of a whale selling its stack.
In order to discourage whales, LunaDoge has implemented a feature in its contract where transactions larger than 0.5% of the total supply will be rejected. This will prevent flash dumps seen in the early days of SafeMoon, where a single whale could crash the price by 50%. Furthermore, once we announce that the liquidity to PancakeSwap has been added, bots will not ruin the launch by buying half of the total supply with a single transaction.
Airdrop
We will set aside 1% of the total supply of $LOGE to reward our most loyal and earliest adopters. We will follow-up on how to qualify for the airdrop. For now, we suggest to follow the team on twitter (https://twitter.com/Luna_Doge) and stay tuned!
Conclusion
Did you miss out on astronomical gains or did you sell too early? Don’t worry, LunaDoge will welcome you with open arms. Take a seat, get comfortable and enjoy the ride. Because why wouldn’t this be you?
Stay tuned for the definitive tokenomics of $LOGE and airdrop details.
Signing off,
The LunaDoge team.
