Dogestyle Meme Currency With An Nft Twist
Meme based cryptocurrencies also known as meme tokens have dominated the most part of 2020-21, with Dogecoin and Shiba Inu up over 1000%. As this is a community-powered token, social media plays a crucial role in the rise and pumping of these tokens. However, this also proves to be a limitation as it doesn’t offer much of a use case other than a social media attraction. Hence, there is a need for a new era of meme currency that can really prove to be worth the hype and money. DogeStyle aims to do just that, with its core strength lies in its diverse use cases for tokenomics.
Dogestyle’s offering is resilient, meaning it will constantly change and is designed to keep holders in mind, with an ever-increasing price expectation resulting from the value it would offer. Holders are highly rewarded as the smart contract is hardcoded to increase the price. Unlike just a regular token/stable coin. Rebases turn price-elastic tokens into synthetic commodities with fluctuating values and supply that gradually stabilizes.
The rebasing mechanism guarantees that the meme token price will always increase, thus attracting new investors to the project by helping us surf other websites. An ever-increasing price floor creates organic demand and sets us apart from other shitcoin projects that just pump and dump. We will have no garbage dumps! This novel rebases mechanic will also lead to new trading strategies that will help investors generate returns that outperform the market. DogeStyle takes a decentralized approach and does not conduct a pre-sale or ICO. Rather, people could buy it directly through various platforms where it is listed.
Dogestyle Creates Value Through Its Unique Economy And Ecosystem
DogeStyle aims to be the meme ecosystem’s next dogecoin and provides everything it takes to become one. It has a doxxed developer who breaks the stereotype of scams and other tokens ruining the trend of meme tokens. The tax system in the DogeStyle economy aims to reward users and is expected to reach a market cap of $100,000,000 in the short term.
The native token was launched on Pancakeswap with no presale, ICO or IEO and was available to everyone at the same time and price. DogeStyle intends to integrate multi-chain support with either AVAX, Polygon, or FTM by the last quarter of 2021.
Multiple sidechains would open the gates of different blockchains to get a taste of DogeStyle and make it convenient, scalable, and cheaper for everyone. Scalability has been quite an issue this bull season, especially for Ethereum, and meme tokens have been identified as the culprit amid the surge in popularity. The Ethereum blockchain has been clogged multiple times due to multiple transactions originating from the meme tokens at their peak. Thus, interoperability and multiple sidechain support would allow DogeStyle holders to choose the fastest and cheapest transaction mode.
Read More About: What is MEME?
Dogestyle Wants To Jump On The Nft Train
NFTs, or Non-Fungible Tokens, have become another rage alongside meme currencies this bull season, with every major brand and celebrity launching some form of NFTs to celebrate special product launches and occasions. DogeStyle understands the value of current trends and market demands and therefore would also enter the NFT business with a robust, unique, and rare collection of digital collectibles. With multiple NFTs set up to be minted and sold through the DogeStyle platform, it is not only becoming popular in the Metaverse but also helping to increase the value of the native token.
The NFT sector is booming and especially Solana and Ethereum. So, DogeStyle has decided to publish its own DogeStyle NFTs on Ethereum, which has been launched around November 2021. There are 10,000 unique and random NFTs minted through the main website and listed on Opensea, one of the most reputable and trusted NFT marketplaces for postal sales. Also, dogestyle merchandise with crypto payment integration would be launched soon.