In this blog we are going to discuss how to identify hidden gems, with low market cap. Our first post of Hidden gems in the DeFi Ecosystem will be about DogDefiCoin.
1. Basic Concepts
DogDefiCoin is a project made on Ethereum network, verified on etherscan, launched and functioning. The total supply of the token is 50000 coins, but following the deflationary strategy, recently their team launched their first burning of the token, reducing total supply to 43580.28 coins, and to be repeated by time.
Currently 5919 addresses hold DogDefiCoin, with total liquidity of approximately only 14000$ on Uniswap. DogDefi current price is 2.71$. Also it have been listed on Hotbit. The following links are for the basic introduction of this token.
Etherscan, Uniswap Trading, Hotbit Trading, DogDefiCoin Official Website and Dogpaper.
2. Stages
As mentioned in their Dogpaper, DogDefi will pass through several stages in the near future, I will try to resume their stages.
Stage 1 : Staking; by adding liquidity on Uniswap and staking the token on their website. With 30%APY and random 20%bonus per day for lucky addresses.
Stage 2 : Blockchain NFT Platform, by collecting cosmo dogs through the creator’s auction or buying them from other users, or by breeding a new dog ( token)
Stage 3 : DogDefi Shares, with total supply of 100 DogDefi shares, with only 20 shares held by the team, owning a DogDefi will provide you with monthly commission from the commission pool allocated to DogDefiShares.
Stage 4: DogDefi Deflation system, with continuous burning until the total supply reaches only 5000 DogDefi.
3. Circulation and Staking pool
Currently, DogDefi’s circulating supply is 30000 token, of which 1592.96 are locked in their DogDefi staking DAPP.
We would love to remind you that this is not financial advice, please do your own research before investing in cryptocurrencies.
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Thanks for your attention,
Crypto Army
