DogeCola (CRYPTO: DOGECOLA) will be shipping its Memecoin-inspired soft drinks this month.
What happened: According to a DogeCola announcement on Friday, the Dogecoin-inspired (CRYPTO: DOGE) cryptocurrency project is about to ship its product.
While this coin certainly looks like a lot of fun, its guidelines are no joke. DogeCola is reportedly providing a Know-Your-Customer Compliance Certificate to its buyers and passed a cybersecurity audit in mid-July. The coin behind the drink has a tokenomic which makes it very clear that it should encourage speculation, much like Dogecoin and meme stocks do.
Every time DogeCola is sold, a feature called “AutoBoost” buys back a variable number of tokens and burns them – reducing their supply forever.
In addition, the initial liquidity of the coin will be locked for more than a year and 5% of the total supply has already been burned.
To counter price manipulation by large owners and trading bots, the fee for sales is higher than for purchases.
DogeCola’s buyer fee system results in 2% of the proceeds being redistributed to owners, 6% to AutoBoost and 4% to marketing and development.
7% of the sales fees are redistributed to the owners, a further 7% to AutoBoost and 4% to marketing and development.
The project will also make regular donations to charities against plastic pollution.
Price action: According to CoinMarketCap data, DogeCola saw its price rise 4.28% in the 24 hours to press time and is currently trading at $ 0.000000002594.
Photo: Courtesy DogeCola
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