LunaDoge weekly recap #6
Dear LunaDoge supporters,
Weekly recap #6 is here! A quiet week in terms of price swings with lots of brainstorming happening behind the scenes. Changes are coming to the LunaDoge structure! Ever since day 1, our main goal for LunaDoge was to grow from a project led by a few individuals to a project where the majority of the active investors are able to have significant influence over the future of the project. Stay tuned for developments.
Based on the statistics above, the past week was relatively quiet. Holders count and total transactions increased, while liquidity in BNB and Market Cap decreased a bit. Thanks to BNB increasing in price, our total liquidity has increased by 5%.
Thanks to relentless voting by our supporters, we won the CryptoMoonWatch weekly vote! We will be featured on their website for an entire week, so it is in our best interests to ramp up our shilling and marketing while we are up there! Last week’s winner, Jindo Inu, managed to go up by 100% in terms of BNB gains after they were announced winners.
What’s even better, our first LOGE LOTTERY weekly winner has also been announced! The voice chat was an amazing idea by our community and everyone had lots of fun getting to know each other. Also, ST6 managed to discuss some major improvements in terms of shilling and getting the LOGE name out there. With the volume of the week being lower than last week, the chances of winning the second LOGE LOTTERY increase with every day!
Still in progress are the CEX negotiations. We’ve had some great discussions with multiple legit exchanges are they are more than happy to list LOGE. Unfortunately, because LOGE is built on Binance Smart Chain which is less steady than Ethereum, the exchanges have increased listing fees for BSC projects. Where earlier projects were able to list on good exchanges for $10,000 to $15,000 excluding market making expenses and promotion fees, the same exchanges now charge up to $50,000 for similar packages. Of course, we are not going to pay these fees, but we have been negotiating with these exchanges in order to lower the price to an acceptable level. If we are not able to reach a realistic target, we might have to propose a DAO proposal on whether we should sell marketing tokens in order to pay for an exchange listing. What we also don’t want is to list on an exchange that no one even knows how to spell or where 95% of the volume is bot driven.