LunaDoge
LunaDoge (LOGE)
$0.00
+0.00%
#0 Rank
Market Cap N/A
Fully Diluted Valuation $0.22
24h Trading Volume N/A
Circulating Supply N/A
Total Supply 1,000,000,000,000,000
Max Supply N/A
Explorers
Wallets
N/A
Categories
BNB Chain Ecosystem
Quick Stats
$0.00 – $0.00 24h Range
$105,319 – $108,851 7d Range
$0.00 (-100.00%) All-Time High
$0.00 All-Time Low
Chains
binance-smart-chain
Price Change
$0.00 24h Range $0.00
About LunaDoge
LunaDoge is a DeFi meme token inspired by Dogecoin and reflect.finance. Two functions occur during each trade: static rewards and automatic liquidity pool (""LP"") acquisition via transaction taxes. A 5% tax is applied to every trade for static rewards and a 5% tax is applied to every trade for automatic LP acquisition. 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 5% tax to every transaction of which half is sold to BNB (the asset paired with LOGE in the liquidity pool) and then the equal share of BNB and LOGE is added to the LP, creating an ever-increasing floor for the liquidity pool. As the liquidity pool increases, the price stability increases as well. The purpose of the automatic LP acquisition is to prevent big price swings when top holders sell or new investors want to enter the tokens without having to worry too much about slippage. 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.

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