Buff Doge Coin is the more resilient version of the widely known Dogecoin. Created out of the immense success of Dogecoin, Buff Doge Coin aims to rise to prominence as the King of Memes in the crypto world. This coin sets itself apart with unique features, such as a hyper deflationary mechanism, with burning schemes doubling with every subsequent burn. This leads to a continuous and rapid decline in the remaining supply of Buff Doge Coin.
Deflationary Mechanism of Buff Doge Coin
The Buff Doge Coin employs a unique burning scheme as follows:
- 1st Burn: 1,000,000 coins
- 2nd Burn: 2,000,000 coins
- 3rd Burn: 4,000,000 coins
- 4th Burn: 8,000,000 coins
- 5th Burn: 16,000,000 coins
- 6th Burn till the end: The burning rate will continue to double, leading to burning of trillions of Buff Doge Coin until the entire remaining supply is burned.
Buff Doge Coin Protocol
As set out in the whitepaper, the protocol of Buff Doge Coin functions such that every transaction incurs a 10% fee, split equally between two avenues. Half of the fee is redistributed among existing holders, while the other half is divided between conversion into BNB and addition as a liquidity pair on Pancake Swap.
Statistics as of September 18, 2021
The Buff Doge Coin has made significant progress, boasting 4.563 holders, a market cap of $706,930, and a liquidity of $107,838. These figures are constantly on the rise due to the locked liquidity on DXsale, ensuring the security of holders.
Contributions to Animal Shelters and Environmental Conservation
Buff Doge Coin is not just about memes and profits. A portion of the developers' profits from Buff Doge Coin is reserved for donations to animal shelters and environmental conservation activities. This move is underpinned by the belief in the interconnectedness of everything -
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