Dear LunaDoge supporters,
WE DID IT AGAIN! We won the CryptoMoonWatch community vote!🍾 We would like to show all of our future investors why they should invest in LunaDoge. In this article, we will explain what the basic features of LunaDoge are, what our achievements have been and what is yet to come. At the end of the article, nothing is stopping you from investing in LunaDoge!
What Is LunaDoge (LOGE)?
LunaDoge is an ethical DeFi community meme token. The LunaDoge contract is a fork from the SafeMoon contract (audit by CertiK here). We chose to fork an audited contract to ensure there were no possibilities of exploiting or hacking certain functions in the contract, both by team members and hostile forces. We altered some of the token metrics by implementing a whale tax (the maximum transaction amount is equal to 0.5% of the supply). A tax is applied for static rewards and automatic LP acquisition. Static rewards (5% tax per transaction) are proportionally shared over all LOGE holders. Automatic LP acquisition applies a 5% tax which is added to the LP. As the LP increases, price stability increases as well.
Achievements âś…
LunaDoge launched on April 28, 2021. Since the token was launched, LunaDoge managed to achieve the following milestones:
1. LunaDoge launched a Decentralized Autonomous Organization (DAO) where users can submit their proposals.
2. LunaDoge launched a revamped website.
3. LunaDoge has burned 5.58% of the total supply. Also, since the team tokens are locked between 3 to 6 months in a third-party contract, the static rewards earned by the team tokens are burned as well, adding up to another 3.9% of the total supply being burned. That means that roughly 9.5% of the total supply is burned, resulting in a perpetually increasing burn rate🔥.
4. LunaDoge has been integrated with BscScan.
5. LunaDoge has been integrated with TrustWallet by forking the asset repo, refer to address 0xb99172949554e6c10c28c880ec0306d2a9d5c753.
6. LunaDoge has over 17,000 holders and 37,000 transactions.
7. LunaDoge has been listed on CoinGecko and CoinMarketCap.
8. The ownership of the contract has been renounced.
9. LOGE Lottery has been launched and had its successful first weekly draw.
10. LunaDoge is rug-proof. The majority of the liquidity is owned by the dead address. This means that LunaDoge has lived up to its promise of becoming a community-owned token, where supporters can submit proposals, help decide the future of the token and not having to worry about the team leaving and taking all of the funds with them. If you really think about it, the community is 1 step away from a not-so hostile takeover, since they could vote on of their own to become the new interim leader of LunaDoge.
Future outlook
Other than the milestones achieved by the team, the future is very bright for LunaDoge. Since we were listed on CoinGecko 20 days ago, the average daily volume was $145,400. This means that $7,300 was distributed to holders every single day. If you held 1% of the supply throughout these 20 days, your return would be $1,454. Based on a market cap of $2,800,000, a 1% investment now costs $28,000. The $1,454 return is a 5.2% ROI over 20 days, and a 94.8% ROI over 1 year. You double your money in 1 year!
The above scenario does not take holding into account. LunaDoge supporters are known for their diamond hands. Holders actually receive compound interest gains. If you held your LOGE from day 1, your annual ROI in LOGE skyrockets to 157.7%🚀!
BUT THAT’S NOT ALL! Remember the burn addresses from before? Because these addresses are unable to sell, the amount of LOGE accumulated by these addresses is actually increasing perpetually. This eventually results in a major price squeeze, since fewer LOGE will be circulating with every transaction. Based on our initial calculations here, a $30k average daily volume leads to a 20% token burn and a 38% price increase in 1 year. A $400k average daily volume leads to a 65% token burn and an 8,100% price increase in 1 year. The average daily volume over the past 20 days is $145k, meaning that the expected token burn in 1 year would be around 30–35% and the expected price increase between 1,000 and 1,500%.
These scenarios above can be seen as modest in our opinion. We are in talks to list on Centralized Exchanges which will accommodate our tokenomics by taking a 10% deposit and withdrawal fee in order to support the static rewards. In our opinion, if there is a good deal with a tier 2 exchange, we will take it. This will enable the volume to grow, the burn to speed up and the rewards in LOGE to increase.
Buy LOGE on PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753
Telegram Group: https://t.me/lunadogecrypto
Telegram ANN: https://t.me/lunadogeofficial
Github: https://github.com/LunaDogeFinance
Medium: https://lunadoge.medium.com/
Twitter: https://twitter.com/Luna_Doge
Website: lunadoge.finance
