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LunaDoge is a DeFi meme token. A tax is applied for static rewards and automatic LP acquisition. Static rewards are proportionally shared over all LOGE holders. Automatic LP acquisition applies a tax which is added to the LP. As the LP increases, price stability increases as well.
Static rewards are used to solve problems related to impermanent loss. The reward amount is conditional upon the volume of the token being traded. This mechanism aims to alleviate some of the downward sell pressure put on the token. Furthermore, the mechanism encourages holders to hold onto their tokens to obtain rewards from every LOGE transaction. The static rewards are proportionally shared over all LOGE holders and dependent on the total tokens held.
Automatic LP acquisition is a function of the contract that is beneficial for holders as the LunaDoge contract applies a tax in LOGE to every transaction after which half is sold to BNB and then the equal share of BNB and LOGE is added to the LP. As the liquidity pool increases, the price stability increases as well. The automatic LP acquisition creates a long-term benefit for the token and solves the prior issues related to static rewards, where rewarding holders was only beneficial in the short-term.
LOGE is the native utility token that is used for transactions in the LunaDoge ecosystem. A 5% tax is applied to every trade for static rewards and a 5% tax is applied to every trade for automatic LP acquisition.
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