The DAGOAT Whitepaper
😈🐏Abstract 🐏😈
DAGOAT Token ($DAGOAT ) is a rebasing, autonomous, community token with an automatic liquidity pool algorithm, and automated token buyback with burn. 🔥
The supply is mathematically guaranteed to increase in price until it reaches a ceiling of 1,000,000 USD per token‼️🚀📈
😈🐏$DAGOAT🐏😈 makes use of an elastic supply mechanism to dynamically adjust supply to meet an increasing price peg. Providing the token pre-sale supply sells out the peg begins at $0.00000000009 and increases by at least g = 10% every 8 hours until it reaches the ceiling‼️📈
The network collects a per transaction tax of 12% and splits this tax between liquidity provision, token buyback with burning, and a marketing provision‼️🚀😈
😈🐏Introduction🐏😈
Rebasing a currency itself is considered symbolic as it does not have any impact on a currency’s exchange rate in relation to other currencies ‼️
It may, however, have a psychological impact on the population by suggesting that a period of hyperinflation is over, and remove the reminder of how much inflation has impacted them🔥📈
The reduction in the number of zeros also improves the image of the currency. In contrast, $DAGOAT uses rebases not to influence geopolitics but to float up in price, breaking new ATH every hour🚀📈 and at a minimum rate of g = 10% every eight hours☑️😈
The contract mathematically guarantees a constant minimum price increase over time before reaching a ceiling‼️☑️😈
This process is entirely automatic after the first supply-adjustment is called.
🔐All the initial liquidity will be locked for a year‼️🔐
😈🐏$DAGOAT🐏😈 uses an initial target price of $0.00000000009 as the peg, with its price increasing by g% every 8 hours, contracting the circulating supply when the current trading price is below the peg price‼️
The rebasing mechanism can be called every hour to make for a more continuous price rise‼️📈😈
After $DAGOAT reaches its ceiling price of 1,000,000 USD per token it will maintain a close stable peg to this value☑️😈
😈🐏$DAGOAT🐏😈 also introduces RFI type burning and an LP acquisition fee mechanics for every trade, amounting to a total of 12%. 4% is used to buy back tokens, which are sent to a burn address and another 4% is added to the $DAGOAT /BNB LP🚀
The intended goal is to minimise price movements when large wallets decide to sell their tokens in the future, which when compared to coins without an AutoLP system, leads to a reduction in significant price fluctuations away from the exponentially increasing price floor. 🔄📈
This also acts as an arbitrage resistant mechanism that secures a portion of the volume of $DAGOAT as a reward for the holders💎🔥📈
😈🐏Protocol🐏😈
An elastic supply (or rebase) token works in a way that the circulating supply expands or contracts due to changes in token price‼️
This increase or decrease in supply works with a mechanism called re-basing.🚀📈
When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token‼️🔄
In some ways, elastic supply tokens can be paralleled with stablecoins‼️
They aim to achieve a target price, and these re-base mechanics facilitate that🚀📈
However, the key difference is that rebasing tokens aim to achieve it with a changing (elastic) supply‼️🔄
$DAGOAT differs by having an increasing peg price and no positive rebases, making $DAGOAT a coin that always go until it reached $1 M per coin☑️😈
😈🐏Transaction Tax🐏😈
On top of the rebasing mechanics described above, $DAGOAT also employs three extra features to reward holders💎🔥📈
A transaction tax of 12% is taken from each trade and split across LP acquisition, token buyback and marketing provision‼️🔄
Note that three quarters of this fee will be sold into BNB to facilitate adding liquidity.
The first is LP acquisition, which takes a 4% of the fee from every trade and adds it to the $DAGOAT /BNB liquidity pool.🔥📈
The second feature is automatic token buy back and burn, which takes 4% from each trade, buys the tokens back from the open market and sends them to the burn address‼️🔄🔥
The third feature is a marketing provision, which takes 4% of the fee and sends it to the $DAGOAT community marketing wallet These features have been included firstly to ensure a deep liquidity pool, acting to stabilize $DAGOAT ’s price and put in place a solid price floor, secondly to reward $DAGOAT holders by reducing the circulating supply and statically increasing their own tokens’ value, and thirdly to help enhance and grow the $DAGOAT community via a healthy marketing budget💎🔥📈
😈🐏Ecosystem🐏😈
The team understands that, the value of $DAGOAT it’s not solely represented by its price, that is why multiple useful DeFi products are being developed‼️
These are very much needed products in DeFi space and will allow dagoat protocol to generate an income that will be used to reward $DAGOAT holders with passive income through staking 💎🔥📈
👇Here are some example of products that are being developed:👇
😈🐏DaGoat Layer Farming🐏😈
We are all familiar with the process of yield farming, users deposit their assets in a contract usually called “Masterchef “ and they receive a portion of tokens minted per block proportional to their share of the pool (click here for more info)‼️
The problem with this concept is that after a while the token distributed to investors loses its value as its being printed to the infinity, and investors APRs ( Annual Percentage Rates) plummet to near zeros‼️
DaGoat protocol proposes a unique solution 💎🐏😈
Every Month a new Layer Token “DaGoat Layer 1”(DGTL1) will be created allowing investors to stake their assets and earn a yield (similar to the concept described above), DaGoat Masterchef however is much smarter, instead of having millions in staked assets just sitting in the contract, The masterchef will “restake” the assets inside Pancake Masterchef(or any other one) and the earned CAKEs will be sold and used to reward DGTL1 and $DAGOAT holders with crypto (BNB,ETH,BTC,BUSD and much more!)🔥
At the end of the month the Masterchef will stop printing new tokens! And DGTL1 holders will migrate to DGTL2 allowing investors to always have the best APRs and stable price for DGTLx tokens🔄🔥
😈🐏DaGoat Charting Tool🐏😈
This will allow anyone to check the price of every token in the most popular chains📈😈
Similar to poocoin will offer a much smooth User Experience and implement many useful technologies that will make the Users life much easier.💎🔥📈
Seamlessly track your investments and gains, swap any token for any other in multiple AMMs across various chains, place limit orders and stop losses to ensure you can gain the most out of your investment even when you don’t have time to check it, unlock pro features just by holding $1000 worth of $DAGOAT!🔥📈
🔐Placing of ads for vetted projects income to be distributed to $DAGOAT holders.🔐🔥💎
😈🐏DaGoat Games🐏😈
As the project expands and the community keeps growing, Dagoat will launch its own games!🚀🔥
Here DaGoat holders will be able to play games with each other and with the house having a chance to win more $DAGOAT.🐏😈🚀
$DAGOAT games will have the lowest fees in the marketing allowing its users to have the most out of their games!
😈🔜More To Be Announced🔜😈
As DaGoat keeps growing the team will add more and more services and products:👇🔥
Launchpad, NFT marketplace, Prediction Market. Sports and event betting and more !🚀🔥
😈🐏Conclusion🐏😈
DAGOAT Token ($DAGOAT ) is a coin programmed to reach new ATH every hour and it’s uncorrelated to the crypto market as a whole!!🚀🔥 Implemented in the token is a 12% transaction tax for LP acquisition, token buyback with burning and marketing provision!💎🔥📈
Just over 100 days after launch $DAGOAT will reach its ceiling price of 1,000,000 USD.🔜🚀📈
The team knows the value of the token is not solely correlated to its price, that’s why DeFi products and services are being developed. ‼️🚀📈
These will allow for the protocol to generate an income streams, for $DAGOAT holders to be earn passive income powered by the income streams and for $DAGOAT holders to have advantages and discounts over the products developed.💎🔥📈
😈🐏Assigning the token multiple usecases and intrinsic value. Making $DAGOAT the first rebase token with utility !🐏😈
🌐Website: https://dagoattoken.com/
🐦Telegram: https://t.me/dagoattoken
😈Twitter: https://twitter.com/DagoatToken
