DogeBack — Invest And Earn Interest In DogeCoin

4 min readJul 14, 2021

Introduction to DogeBack

DogeBack is a unique project that provides its hodlers with a remarkably original and valuable feature; this coin pays dividends in DogeCoin. You have heard us correctly; DogeBack is the first token with dividend yield paid in our beloved original meme coin: Dogecoin. It is a simple concept combing two trending mechanisms of this time: Buyback and Dividend.

Throwback to the history of DogeCoin

The father of the DogeBack token, which is DogeCoin, was created as a joke just to make fun of the hype of cryptocurrencies in 2013, which eventually turned on into a vast social project with a market cap over $26.5 Billion by the time of writing this article. Doge is not only about being a positive meme or having extreme volatility, but it is also a technologically advanced token that consumes less energy compared to other cryptocurrencies and has low transaction fees compared with Bitcoin and Ethereum. This concept attracted Elon Musk to be the Doge Father.

Similarly, inspired so much by the good deeds of DOGE, the creators of DogeBack pushed themselves further to create a relative token, which will allow you to earn dividends in the DogeCoin whilst holding DogeBack. Of course, the longer you hold, the more you earn.

Tokenomics

The total supply of DogeBack is 100 Billion tokens and is divided in the following manner:

51% — Presale allocation

35% — Pancake Swap allocation

3% — marketing budget and team wallet

11%- DX sales fees — DXSales require saving around 12% “to avoid issues dues to fees or exploits”. It is for rebalancing in case someone added small liquidity.

How will the dividends be distributed?

With every purchase of the DogeBack token, a 15% tax is levied. This tax is split into a few parts to keep the project working towards its goals.

10% is used to buy Binance-Peg DogeCoin and added to the dividend pool. These tokens are distributed relative to the DogeBack coin holdings. Investors receive them automatically but can also claim them manually by executing the smart contract if required. After claiming, they can convert this Binance-peg Doge to any tokens via various DEXes supporting BSC or Binance itself.

The remaining 5% is split between the funds for Marketing and Buy Back mechanisms. The division of this 5% is not fixed, though. It depends mainly on the circumstances according to the market volatility and when needed to prevent market dumps.

An Anti Dump Token

A critical security measure is introduced against the whales who would have a desire to dump the token. Developers applied configurable transaction limits to maintain optimal chart conditions as being part of their anti-dump policy.

Roadmap

From the beginning, DogeBack had a solid and determined team of creators and developers which achieved significant results in a short period, namely:

Having been listed on CoinGecko since Day 1
Having been listed on CoinMarketCap since Day 2
Partnership with Peachfolio on Day 2
Engaged with PancakeSwap
Engaged with TrustWallet

Various technological solutions are planned to be introduced in a short period. For example, Creating a dividend dashboard with features like providing dividend statistics, claim countdown and option of manual claims.

DogeBack is also planning to get a tag of being an audited venture soon with its whitepaper release. In addition, the company is planning a launch on SWFT Blockchain on 15th July. A promotional event in the form of a Twitch stream with DreamSport is also scheduled on the same day.

Long term investors may also see DogeBack move towards getting listed on various CEXes, having its own NFT platform and having a DogeBack Waterfall Ecosystem Build.

Conclusion

Such a project as DogeBack is blessed to succeed. Although it is a new project with a new concept, it is already hyped with more than 12k Telegram Members and more than 6k Twitter followers; we think that DOGE BACK will definitely have its portion of success.

As it is built on Binance Smart Chain, the DogeBack token can be easily stored on Binance Chain Extension Wallet, Metamask, Trust Wallet, SafePal, TokenPocket, and many other wallets which support Binance Smart Chain, which is easily accessible by all.

DogeBack to the moon!