Dingo Whitepaper v1
Dingo Whitepaper v1
Dingo Whitepaper v1
Whitepaper
DINGO TOKEN
1. Dingo Token platform allows users to easily deposit BEP20 TOKENS (ANY tokens) into an NFT .
2. Dingo Token is a new protocol layer, enabling a new world for NFT.
3. The NFT Minting Station (Decenteralized App - DApp) allows user to mint NFT s in two different ways.
4. The DApp which we are developing carefully will present two different options for users.
DINGO TOKEN
01 02
Standard NFT Special NFT
Minting Minting
Users can mint their own NFT or choose to purchase others
created by Dingo Token platform users.
DINGO TOKEN NFT Minting Station
Generate the unique DNA code from Txn hashes for NFT
Deposit BEP20 token into NFTs A.I. Generated newborn DINGO image NFT Launchpad
Countless possibilities Upload digital art
NFT Marketplace
%5 Dingo %5 burn
Token holders address
DINGO TOKEN
Generate the unique DNA code from Txn hashes for NFT
A common misconception with the heavy APY average is the subjectivity of the
impermanent loss from staking an LP (liquidity provider) in a farming reward generator.
With the explosion of DeFi we have seen too many new cryptocurrency prospectors get
sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by
earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6
digit figures can be pretty damn tempting to jump in.
However, almost always the token suffers from the inevitable valuation bubble, which is
then followed by the burst and the impending collapse of the price. This is why we have
seen the mass adoption of static rewards, also known as reflection, a separate concept
that seeks to eliminate the troubles caused by farming rewards.
DINGO TOKEN
Why Static?
Static rewards solve a host of problems. First, the reward amount is conditional upon the volume
of the token being traded. This mechanism aims to alleviate some of the downward sell pressure
put on the token caused by earlier adopters selling their tokens after farming crazy high APY’s.
Second, the reflect mechanism encourages holders to hang onto their tokens to garner higher
kick-backs which are based upon a percentages carried out and dependant upon the total tokens
held by the owner.
DINGO TOKEN
Manual Burns
Sometimes burns matter; sometimes they don’t. A continuous burn on any one protocol
can be nice in the early days, however, this means the burn cannot be finite or controlled
in any way. Having burns controlled by the team and promoted based on achievements
helps to keep the community rewarded and informed. The conditions of the manual burn
and the amounts can be advertised and tracked.
Dingo Token aims to implement a burn strategy that is beneficial and rewarding for
those engaged for the long term. Furthermore, the total number of Dingo Token burned
is featured on our readout located on the website which allows for further transparency
in identifying the current circulating supply at any given point of time.
DINGO TOKEN
Automatic Liquidity Pool (LP)
Automatic LP is the secret sauce of DingoToken. Here we have a function that acts as a two-fold
beneficial implementation for holders.
First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP
creating a solid price floor.
Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of
DingoToken as a reward for the holders. In theory, the added LP creates a stability from the
supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens
overall LP and supporting the price floor of the token. This is different from the burn function of
other reflection tokens which is only beneficial in the short term from the granted reduction of
supply.
As the DingoToken token LP increases, the price stability mirrors this function with the benefit of
a solid price floor and cushion for holders. The goal here is to prevent the larger dips when
whales decide to sell their tokens later in the game, which keeps the price from fluctuating as
much as if there was no automatic LP function.
All of this is an effort to alleviate some of the troubles we have seen with the current DeFi
reflection tokens. We are confident that this model and protocol will prevail over the outdated
reflection tokens for these reasons
DINGO TOKEN
Tokenomics
NUMBER SHORTHAND
Total Supply 1,000,000,000,000,000 1 Quadrillion
Burned Dev Tokens 600,000,000,000,000 600 Trillion
Liquidity Circulating 380,000,000,000,000 380 Trillion
Development 20,000,000,000,000 20 Trillion
Tokenomics
2%
38%
60%
Safety
Step 1
Dev burned all tokens in Dev Wallet prior to launch
Step 2
Fair launch
Step 3
LP locked on DxLocker for 1 years
Step 4
LP generated with every trade and locked on Pancake
DINGO TOKEN
ROADMAP!
DINGO TOKEN
Developing the website and Launching NFT Mining Station Starting the tests for NFT launchpad Finishing the test stage for NFT
communication channels such as DApp. on Dingo Token platform. launchpad project on Dingo Token
Telegram, Twitter, Reddit. platform.
Adding more exchange listings. Updating regular burn program.
Finishing the test stage with the Announcing the world's first NFT
contract code and deploying it on Starting NFT Mining Station DApp launchpad + Mining Station DApp.
Binance Smart Chain. bounty program.
Starting private sale for early iOS app early beta, (wallet + earning
adopters. Dingo with gaming)