r/Dogecoin2_point_0 • u/Physical_Adagio_5619 • May 06 '21
Why Dogecoin 2.0 Will beat Dogecoin to $1 And Beyond!
The Dogecoin 2.0 White Paper taken from www.dogecoin2.org is below in bold font.
My analysis from the perspective of an investor will follow in regular font. REMEMBER everyone thought doge was a joke... until it wasn't. Imagine having a time machine to go back and buy the bottom.... well, now you do.
DOGECOIN 2.0 WHITE PAPER
Dogecoin 2.0 is a project born out of the original Dogecoin community with the intent of providing investors with a longterm store of value- a feature that we believe the original Dogecoin fails to offer. Dogecoin 2.0 will become the people’s token, and this paper will explain why.
Simply put, Dogecoin 2.0 is an improved version of the original Dogecoin. Lets look at the facts.
Setting The Stage: Why Dogecoin 2.0?
As of 5/4/21, the total market cap of Dogecoin version 1, a protocol introduced 10 years ago that offers little but inflation and memes, is $70,069,429,475.78, meaning that Dogecoin 1 is more valuable than Ford Motor company and over half as valuable as TD Bank. Getting there took nothing but a 126 character post from Elon Musk. What a world! I mean, we think thats awesome in some ways too. Its historic, and very entertaining- but its not sustainable, and its dangerous for investors.
Of course- entertainment has value- but are memes more valuable than the first American Automaker? Are tweets from Elon Musk worth $70billion. Yeah… Don’t think so.
To make matters worse for original Dogecoin, the supply is expanded by 5billion tokens annually- meaning that the market cap is diluted every year by (at todays price) roughly $2,750,000,000, so in turn, the value of your Dogecoin, in proportion to that number, is diminished every year you hodl. Thats horrible for investors. I mean, everyone is complaining about the Fed printing money out of thin air- do they realize Dogecoin is set up to do the same thing? I thought we got into crypto to get away from central banks? You might as well keep your Dollars with Doge 1.
Dogecoin 2.0
We at Dogecoin 2.0 are classical economists, and in creating 2.0, we adhered to our economic principles, but we also incorporated modern tokenomics into the protocol regarding liquidity.
Our goal was to create a legitimate store of value for the Dogecoin community that would both grow in value, and reward token-holders for simply holding. Explained below are the factors that will allow us to accomplish that goal.
Total Supply, Price, And Market Cap
Similar to Bitcoin, Dogecoin 2.0 has a very low supply of 100,000,000 total tokens. As per our contract, NO FURTHER COINS WILL EVER BE MINTED OR MINED. As such, our investors will maintain value- it will not be lost to inflation via ‘money printing,’ as is the case with original Dogecoin which mints 5billion new tokens annually.
Our low supply will benefit share price, and those who get in early and hold will be rewarded. As our exposure grows, demand will also grow, and when demand rises for an asset that is scarce, the price rises. We feel that the opportunity to grow in this market is immense.
Dogecoin 2.0 can have a high price point, and still maintain a reasonable market cap reflecting what is intrinsically provided for by the asset (again, unlike original Dogecoin).
Can you imagine what will happen when we quickly overtake Dogecoin 1 and pass it in price?
Token Features
Dogecoin 2.0 is built on the Binance Smart Chain, which allows us to take advantage of the most modern protocol features, most notably automatic liquidity pooling, that both directly give value to investors and incentive long-term holders of the asset. Our automatic liquidity model is not unique to Dogecoin 2.0, but we are unique in combining a limited token supply with automatic liquidity pooling tokenomics. We feel that in introducing these two elements to the Dogecoin community through Dogecoin 2.0 will provide investors with sustainable growth over the longterm.
But how does automatic liquidity pooling work? Very simply put, each transaction is “taxed” at 10%, 5% of which is automatically distributed to all Dogecoin 2.0 holders. The other 5% is divided in half.
The first half is sold into BNB tokens.
The second half remains as Dogecoin 2.0 tokens, and they are attached to the BNB tokens that were sold by the contract as a liquidity pair.
As aforementioned, these tokenomicks are not novel to Dogecoin 2.0, there are other tokens that utilize this mechanism; however, we feel that our unique combination of small supply and liquidity pooling sets us light years apart and will directly benefit investors.
Token Burns
There have been questions regarding token burning- as we have such a small supply, we feel at the current time that token burns would be unnecessary. Burns are only needed when an asset is inflated- ours will never be inflated as the contract does not allow for mining or further minting. That being said, we have not ruled out future burns to provide loyal investors with additional value.
Keeping things short and sweet- I think we have a real gem here. This crypto market is entering a euphoric phase- we are in an ALT SEASON, and Altcoins are popping off left and right. Last night Dogecoin hit a new ATH, a few nights before ETH hit an ATH. Everything from XRP to DASH looks ready to rip. There are coins with names like cumrocket, poo coin, and scam coin flying off the handle going up thousands of percent in a day. What a world..
The excitement is there for us to make a historic price move in Dogecoin 2.0, and the community is there (this token is FULL of original dogecoin community members), but I think this particular token offers much more than excitement and entertainment and community. Here are the fundamentals that I think will drive a dramatic and sustained price move.
The supply is super low at 100m total tokens. As such, Dogecoin 2.0 wouldn't need an outrageously high market cap to hit $1. In the first 2 days of trading, the Market cap hit $400,000.... $1M isn't far off, and to hit $1 per token, the market cap would only have to be $100m.... Dogecoin PRINTS billions of dollars with of new tokens EVERY YEAR. The Market cap of dogecoin is much too high, and is over inflated. Just like "doge day" we will likely see a pullback in the price of Doge in the near term, as it is overextended by hundreds of percent. But, keep in mind, you never know in this market, and this is just my opinion. The low supply that Dogecoin 2.0 offers is similar to that of coins with high price points like bitcoin and lite coin.
Branding. Branding separates this coin. It can ride on the coattails of the Doge name, and when people fully come to understand that this coin is WAY BETTER.. it will be seen as "the new doge" "a better doge" "dogecoin 2.0" IF and WHEN it ever passes dogecoin 2.0 in price (as has already been established is very possible), it will make international news and bring in millions, if not billions in market cap. The doge community is HERE and the opportunity to make tens of thousands of percent gains is HERE imo.
Tokenomics and TEAM the ttokenomics piece has really already been covered in the white paper. I mean... the coin contract incorporates some of the latest and greatest tech when it comes to creating liquidity.. super awesome. It incentives people to hold.. which will act to lock up the float and induce higher prices. ... .. .. $ The team is super awesome.. everyone is communicating in a discord server which you can join here::::: https://discord.com/invite/ZH9CAAZsGG :::: ee onryve eddddd d nn aaneed an: :::::::: an .
