LunaDoge $LOGE

LunaDoge is an innovative DeFi meme token, taking inspiration from Dogecoin and reflect.finance. It introduces a unique model that focuses on two key functions during each trade: static rewards and automatic liquidity pool (LP) acquisition. These functions are made possible through transaction taxes that aim to stabilize price and reward holding.

Static Rewards

The concept of static rewards is designed to address issues associated with impermanent loss in traditional finance. In the LunaDoge ecosystem, a 5% tax is levied on every trade to facilitate these rewards. The amount rewarded is contingent on the volume of the LunaDoge token being traded, which helps to reduce the sell pressure that may potentially depress the token's price. This mechanism encourages investors to hold onto their LOGE tokens, as they can earn rewards from every transaction. These static rewards are distributed proportionately among all LOGE holders, based on their total token holding.

Automatic Liquidity Pool (LP) Acquisition

Automatic LP acquisition is another unique feature of the LunaDoge contract. A 5% tax is applied to each transaction for this purpose. Half of this tax is converted to BNB, the asset paired with LOGE in the liquidity pool, and an equal share of BNB and LOGE is subsequently added to the LP. This model ensures a steady increase in the liquidity pool's size, leading to enhanced price stability.

The objective of automatic LP acquisition is to mitigate significant price swings, which typically occur when top holders sell their tokens or when new investors enter the market. This feature is designed to reduce concerns about slippage among investors. The automatic LP acquisition function provides a long-term advantage for the token, addressing previous challenges associated with static rewards, where rewards for holders were only beneficial in the short term.