What is Pug Cash (PUG) | What is Pug Cash token

In this article, we’ll discuss information about the Pug Cash project and PUG token

Pug Cash (PUG) is a community driven and owned project launched on Binance-Smart-Chain, designed with a special fair launch and with a unique token economy.

What is PUG mission in short?

Developing the most fair launch, interesting and unique token economy, active community, resilient meme-coin around the best puppy on the market.

PUG will set paw to the moon and make history! Join this journey: where it goes from here is up to the community.

PUG aims to achieve those major objectives and have plan to do so by mixing a unique token economy with a fair launch:

Avoid frontrunner, from getting big part of PUG supply for pennies to dump later on the community ,
Incentive early members, yes is possible to mitigate the frontrunner problem without discouraging those who are early, since being first isn’t something that should be discouraged;
Built to last, a successful community project must have the ability to survive in the long term to be worth being part of;
Gamification, what’s the point if there is no fun;
Value discovery, the value is not decided by anyone expect the trust-less and open market made possible by blockchains,

This will set PUG to be the most promising and worthy community/meme coin.

How are those point achieved?

Pugnomics (token economy);
Fair launch (3 Pug Stages);
PugDAO (community-owned);

Pugnomics

Uniquely developed for PUG the Pugnomics is intended to reward loyalty, sustain the project and community in time, introduce scarcity and gamification.

‌Loyalty: is incentivised, a loyal community member holding PUG is eligible to partecipate in the PugLottery, PugDAO, farm season and to join the PugCLUB closed group. To be continued…
Deflationary: anytime a transaction take place, 0.1% of the involved amount is permanently burned making PUG more scarse,
Built To Last: real community-driven meme coin, anytime a transaction take place 0.3% of the involved amount is sent to the PugDAO owned and managed by the Pug.Cash community, this will help PUG in the long run to stay active and evolve,
PugLottery: anytime a transaction in PUG takes place 0.6% of the involved amount is randomly and automatically given to 3 Pug Holders (0.3, 0.2, 0.1%), making this a perpetual PugLottery.

Sooner will be available a dApp where token owners can monitor all the PugLottery wins received. We decided to make it random as it puts that flavour of a game that a meme coin must have.

As with all the games, there are simple rules to be an eligible PugLottery winner:

Hold a minimum amount of PUG (currently set at 1mln)
Should not be a contract (ex. pools won’t receive airdrops)

1% tax fee breakdown

Initial supply distribution

Giving a total coin availability of 100,000,000,000 (100 billions), to start the project they have been so allocated:

5% for jump start seed round,
5% for PancakeSwap pool,
5% for ValueDefi pool,
15% on Dodoex for fixed price auction,
10% community initiatives and marketing (transparently managed),
60% farming,

pug.cash supply allocation

Binance-Smart-Chain Based

BSC has gain lots of attention over the last few months: low transaction fees, Solidity-compatible and other key aspects made this chain very popular. On the other side, a lot of low-quality projects, especially in the meme area, have been released on this chain.

With Pug.Cash we decided to create the meme coin that users can made THE meme coin of BSC, like Hoge for Ethereum.

How to farm $PUG?

Originally, all the 60% of supply (about 59 billions tokens) were planned to be distributed through a single farm. On Thursday 6th $PUG community on Telegram voted to keep half of this supply aside, for a potential future farming partnership with PancakeSwap.

After that decision, we moved 29 billion tokens in the dedicate Farming contract, while the others 29 billions will be locked for at least 2 weeks, as we are unlikely to go on with PancakeSwap partnership earlier.

farm.pug.cash

The initial idea was to use ValueDefi for the Farm Stage but just 1 day before the launch they got breached. Due to the lack of trust and potential risks, we decided for a self developed dAPP, now hosted on farm.pug.cash

Some details

A second community vote on Telegram decided for a BUSD/PUG pair on PancakeSwap for the Farming Stage.

Farming will start at block 7.305.000 and will end at block 18.000.000 (planned to happen in 1 year). Each block will give a reward of 2692 $PUG, distributed between farmers.

There is no lock: everyone is able to withdraw, deposit and harvest at any time. We decided for this approach as $PUG is a community owned project and there should be limitation in its circulation decided by the team.

How to start Farming $PUG?

The first step is to get some $PUG and BUSD if you haven’t any (on PancakeSwap or 1inch) and add liquidity on the PancakeSwap Pool pair BUSD/PUG here.

To add liquidity, enter the amount of $PUG, make sure to have the required BUSD amount, and confirm the operation.

Once you have done adding liquidity on the BUSD/PUG pair, you will get a Cake-LP token (contract-address: 0x75f5D7a91dc6481Dd268a71C55430D43c260D7FD ) that attest your share of the pool.

Now you are ready to start farming $PUG: just go to farm.pug.cash and connect with Metamask or WalletConnect (if you have a TrustWallet go to settings > select walletconnect and scan the qrcode).

Once logged in our dApp, you are now able to approve and deposit your Cake-LP tokens acquired by providing liquidity on the BUSD/PUG pool PancakeSwap pair. Approve PUG-BNB CAKE LP and then hit “Deposit”.

Once you deposited successfully the Cake-LP tokens, the farming will start right away and you will see the $PUG earned increasing on the left!

To claim your earned $PUG just click, “Harvest” and they will be put right away in your wallet.

How and Where to Buy PUG token ?

PUG token is now live on the Binance mainnet. The token address for PUG is 0x04BD1BC77cdBf6af47D6891F6041425d535d7C58. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap PUG token

Contract: 0x04BD1BC77cdBf6af47D6891F6041425d535d7C58

The top exchange for trading in PUG token is currently Pancakeswap v2

Find more information PUG

☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #pug #pug cash

What is Pug Cash (PUG) | What is Pug Cash token | What is PUG token

Pugnomics

How to farm $PUG?

How and Where to Buy PUG token ?