Been a while!
As you might know, I’ve always been more fundamentals-driven, as I’m a big supporter of projects like LUNA, SNX, or LINK. Yet, as of late, I’ve unironically been in love with a memecoin: $DOBO.
Why you might ask? I’d say because I’ve found a massive and pretty diverse community, trying to push their project without any paid influencer and such, but only by group effort (mainly due to the self-finance argument adopted by early holders). And without even asking, I found myself doing 3d art and renders for free, just cause the community vibe made me want to rabidly help. Really, I’ve genuinely pushed myself and my creativity because I felt a group with the same approach behind me. And that has been great, mind you.
And I’d say there’s a conversation to be had on how memecoins might be something more than a quick cashcrab,as it’s often preached by some altcoin-fundamental(ist) shillers. Mainly related to a more horizontal hierarchy without VC whales and corporate dynamics, which is pretty refreshing to be honest, and ironically more coherent to a decentralized world. If anything, community meme tokens might be a stronger expression of the retail market, using emotions and human relations, rather than fundamentals. And considering many “serious” altcoins are often ghostchains or tend to dump on investors to either suppress price or pay their bills, maybe, just, maybe a dogo ain’t that bad
BUT LET’S GET TO THE MEATY STUFF!
So, what’s $DOBO? DOBO, also known as DOGEBONG, is a SAFEMOON version of DOGE and SHIB.
As Doge tries to be the BTC memecoin (by being in the game since forever) and ShibaInu tried to be the Ethereum memecoin (by being a erc-20 token), $DOBO wants to be the SAFEMOON-BSC answer to the dogtoken craze.
It has a 5% tax in every transaction that gets redistributed to token holders, and a further 5% tax goes towards a locked liquidity pool to create a rising floor. Thus, by simply holding it, you get reflections from every transaction. This means that holding during times of high volume can be extremely lucrative.
Unlike safemoon, it pushes for a pure, unadulterated meme angle, building off the cherms meme where a dog bonks something with a baseball bat. Nothing else. Yet the amount of iterations that are possible from this simple idea, from NO HORNY to I BONK THEREFORE I AM is infinite.
BONK IS THE ANSWER. I DON’T KNOW THE QUESTION, BUT BONK IS THE ANSWER.
I’M TIRED. JUST BONK
I’M POOR. JUST BONK
WILL SHE LOVE ME? DUNNO, BONK HER
IS THE HEAT DEATH OF THE UNIVERSE INEVITABLE? MAYBE, BUT I WILL BONK REGARDLESS
Anyhow, you might ask: What about the marketcap? Ownership? Total circulation? RUGS??!?? (if you are really into carpets)
$DOBO started with 1,000,000,000,000,000 DOBO, and has already burned 300,000,000,000,000 DOBO, 30% of the total supply, sitting at a 28 Million Market Cap, which has been steadily rising in the last week alone, even after a flash crash, courtesy of a whale departing the project and thus reducing the number of sub-2% wallets around.
The Devs renounced ownership and liquidity has been locked forever. To add: there are know huge whales left who are not committed to the project, no token hold more than 2% max and holders are now around the 11900s range
Trust wallet logo is dome, and ads have already hit 4chan, Poocoin and pretty hilariously, PornHub, which they did not for the traffic, but because it was funny. (add contract links as footnote)
So how do you partake in this new community?
Wanna get memes? https://dogebonk.com/ is your go-to site
Wanna swap and get rich? https://bonkswap.com/ has you covered. Enjoy a fiat on-ramp or swap straight through a wallet supporting the BINANCE SMART CHAIN
And if you wanna check the latest news, be sure to go on Twitter and look for $DOBO and #dogebonk. Since the project is a community effort, everyone will be glad to help you out
Hope you get in before the 100M marketcap! Hopefully I’ll soon have the big brains behind the project here to talk about the future and the (big) things coming soon, so stay tuned!