DogeCola, the leading revolutionary crypto beverage announces its intention to launch its staking Dapp to their ecosystem. With the 800% price increase last month, the developers promise to do more to facilitate what their community wants.
Staking is a way to earn rewards for holding the cryptocurrency for a period of time. This is a way to contribute and support the token ecosystem. Typically, the stakers will be rewarded with additional tokens. In fact, it is similar to an interest-bearing savings account in some ways.
“We are building a DAPP for staking of DogeCola and DogeBull with high APR. This is a big move for us, allowing our users to increase their stash and take part in our activities. We have thought of adding crypto mining too but then the high resources needed stopped us from doing so. In the nutshell, we hope users can experience an increase in the value of their holdings.” Chris, lead developer, DogeCola commented.
APR stands for Annual Percentage Rate, which represents the rewards rate for a whole year, applied to your staked funds. When the ecosystem has two tokens, this means that there are more to look forward to. The DogeBull token performs daily buybacks of DogeCola and re-distributes it among holders of DogeBull to ensure continuous positive price movements. With this, the holders will receive reflections and benefit from the price hikes of the base token as the price is destined to go up in given intervals. The added staking program will further help both tokens in the long run.
At the start of November 2021, the DogeCola team has burnt $50,000 in tokens and is planning to burn more, reaching the target of $10,00,000 in total. They have also reduced the buying and transferring fees to 2%. On top of all the above, the developers are also making plans to make a bridge to ERC20 as well.
All of it, the DogeCola team wants to be more trading friendly and eventually be less centralized.
The first reflection token and soft drink at the same time. Every buy gives holders more with the auto-boost and hyper deflation system in place.
Fully integrated into DogeCola Ecosystem. DogeBull represents a whole new concept into our main project. Holders will be able to win big while buybacks of DogeCola (our original soft drink token) will be done continuously spiking the price of both crypto tokens.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No PARAGON CHRONICLE journalist was involved in the writing and production of this article.