Token

Basic information

Our token will be called DogiDog, with the symbol DOGI. This token will be of the utility type, which means that it is primarily intended for use within our ecosystem. Utility tokens allow users to access various services and functions, participate in the platform's economy. The choice of this type of token is due to the fact that it contributes to the active use of the platform, stimulates user engagement and supports a stable ecosystem.

The DogiDog token will be developed on the non-Solana blockchain and will comply with the SPL (Solana Program Library) standards. Solana was chosen as the main platform due to its low transaction costs and active community.

Token smart contract

The token will be implemented using the SPL (Solana Program Library) standard, which is the standard for creating and managing tokens on Solana.

Token Creation Mechanisms

The initial creation of tokens will be done through a minting process. Tokens will be created and distributed to users through a variety of programs, including seed giveaways and marketing campaigns.

Additional tokens can be issued as a staking reward. Users who freeze their tokens to support the operation of the network or participate in specific programs will receive new tokens as an incentive for their activity. This mechanism allows you to maintain the interest of users in the long-term holding of tokens.

Token Burning Mechanisms

A portion of the fee for transactions conducted using the token will be automatically burned. This process reduces the total number of tokens in circulation, which contributes to stabilization and potential increase in their value.

Under the deflationary model, tokens will be destroyed when certain conditions or actions are met on the platform. For example, a portion of tokens can be burned when using certain services or when a transaction is completed, which helps control inflation and maintain the value of the token.