What is Bogecoin (BOGE) | What is Bogecoin token | What is BOGE token

What is Bogecoin (BOGE) | What is Bogecoin token | What is BOGE token

Bogecoin (BOGE) is a deflationary, autostaking, and secure token built on Binance Smart Chain which powers the BSCgems.com launch pad voting application for new BSC projects. The coin has been audited by TechRate and has shown to be secure and without any major solidity issues that would compromise the safety of its users. Bogecoin developers launched BSCgems (bscgems.com), which is a decentralized application that allows tokens on the Binance Smart Chain network to compete weekly via a voting mechanism, while allowing users to explore different coins and view their financial metrics. Submitters of new tokens must hold a predetermined amount of BOGE in order to have their projects listed on the platform. Premium features of the app are being developed and will require users to hold BOGE in order to have access to additional financial metrics. New features are being added weekly, including the recent addition of financial charts for each of the token projects, including market capitalization and candle charts. This launch pad gives tokens the ability to promote their project in front of a captive audience, with a fair voting mechanism to prevent spam and bot voting. In just under a month, the application has already gained over 28,000 unique visitors according to Google Analytics metrics, and has amassed over 1,400 followers on Twitter for BSCgems, and over 6,000 followers for Bogecoin. In this article, we'll discuss What is Bogecoin (BOGE) | What is Bogecoin token | What is BOGE token?

In this article, we'll discuss information about the Bogecoin project and BOGE token

What is Bogecoin (BOGE)?

BOGE is a deflationary, autostaking, and secure token built on Binance Smart Chain which powers the BSCgems.com launch pad voting application for new BSC projects. The coin has been audited by TechRate and has shown to be secure and without any major solidity issues that would compromise the safety of its users.

Bogecoin developers launched BSCgems (bscgems.com), which is a decentralized application that allows tokens on the Binance Smart Chain network to compete weekly via a voting mechanism, while allowing users to explore different coins and view their financial metrics. Submitters of new tokens must hold a predetermined amount of BOGE in order to have their projects listed on the platform. Premium features of the app are being developed and will require users to hold BOGE in order to have access to additional financial metrics. New features are being added weekly, including the recent addition of financial charts for each of the token projects, including market capitalization and candle charts.

This launch pad gives tokens the ability to promote their project in front of a captive audience, with a fair voting mechanism to prevent spam and bot voting. In just under a month, the application has already gained over 28,000 unique visitors according to Google Analytics metrics, and has amassed over 1,400 followers on Twitter for BSCgems, and over 6,000 followers for Bogecoin

Overview & Tokenomics

BOGE is a homage to DOGE but on Binance Smart Chain with improved tokenomics. It is a deflationary autostaking coin with a fixed supply that powers BSCgems.com voting app. No more BOGE can ever be minted. Every transaction 2% is burned and redistributed to token holders. The original DOGE uses mining which is electricity intensive, and has a large effect on our carbon footprint. BOGE being built on Binance Smart Chain is much more energy efficient.

contract: 0x248c45af3b2f73bc40fa159f2a90ce9cad7a77ba ​

Supply: 2,000,000

Initial Distribution

In order for the autostaking functionality to proportionally redistribute specific percentages to specific wallets, the initial coin distribution needs to reflect those percentages. The initial distribution of BOGE tokens is as follows:

50% in burn wallet

50% split between all holders

Over time, the burn wallet will take more of a percentage of total holdings, and the coin will become more and more deflationary, sending the price higher.

Isn't Burning Tokens at Genesis Deceptive?

In many scenarios it definitely could be considered deceptive because its not actually a true burn as it doesn't remove coins from circulation, because the coins haven't been circulated yet. Scammy projects have used this trick to make it seem like more coins have been burned than actually have. When we give burn amounts, we do NOT count the original 1 million burned. It is burned at genesis so that the burn wallet makes up 50% of total supply (this will grow over time) and the autostaking distributes more burned coins to that wallet. If the burn wallet started with zero, it would not receive more burned coins automatically because its proportion of total supply would be zero.

Autostaking

With the above distribution, the autostaking mechanism proportionally redistributes the 2% transaction fee to all wallets.

Keep in mind, anybody who is receiving BOGE in their wallet, should expect to receive 2% less than sent with the fee. However, they will also receive distributions from their own transactions, so the end user pays less than a 2% fee after redistribution is settled, and will continue to earn redistributions over time as more users transact.

Example:

Bill has 100,000 BOGE tokens, 5% of the total 2,000,000 supply. Bill sends all 100,000 tokens to Ted. The transaction incurs a 2% fee, so Ted receives 98,000 BOGE. Ted now has 4.9% of the total supply, and would receive some of his own fees back during autostaking.

The total fees paid are 2,000 BOGE, of which 4.9% (Ted's holdings) would equal 49 BOGE. Half of the 2% would go to him, so So in reality from the 100,000 BOGE transfer, Ted received 98,049 BOGE total. Ted and all holders will continue to receive fees autostaked from all user transactions.

While you will be able to track normal BOGE transactions on the blockchain, none of the fee redistributions will create a traceable transaction. Simply track your BOGE holdings in your wallet and watch them grown automatically. The same is true with the burn wallet.

Deflationary Burns

Reducing the supply of BOGE increases the price through deflation. Unlike many yield farming or staking projects that are burning tokens from what they mint, our burns are legitimately pulling coins out of circulation permanently. Real deflation will push the price higher by making all of the tokens more rare with every transaction. Since the burn address makes up 50% of total supply of BOGE initially, it will receive half of the 2% fee with every transaction. Over time the burn wallet will make up more than 50% and the burn wallet will consume more of the 2% transaction and become more deflationary.

How to Purchase BOGE?

BOGE is a token on the Binance Smart Chain network and can be purchased on the following swaps. Set slippage set to 2.5% as there is a 2% transaction fee that gets burned and redistributed to all holders.

  • To purchase on PancakeSwap V2 click HERE (buy in batches if price impact is high, we just migrated to the new system)
  • To purchase on WindSwap click HERE (it's better to sell here, please buy on PancakeSwap V2)

Always use the link above to ensure you are purchasing the correct BOGE, as somebody could clone our contract and create fake BOGE tokens at a different address.

How to Purchase Bogecoin with Trust Wallet

New to BSC?

If you are new to Binance Smart Chain, you can simply think of it as a cheaper alternative to Ethereum. In order to use BSC you need the native BNB token to use as gas (transaction fees) and as token to swap for BOGE. You can purchase BNB at the following exchanges:

Once you have obtained BNB you will need to install the Binance Chain Wallet Chrome Extension and create a new account. Be sure to save your backup seed. Send your newly purchased BNB to your Binance Chain Wallet ensuring that you are on the Binance Chain Network by choosing the dropdown at the very top.

Choose Binance Chain Network

Once your funds have been received, you will convert them to Binance Smart Chain Network from the Binance Chain Network. In order to do this simply change the dropdown at the top to Binance Smart Chain Network, copy the address, switch back to Binance Chain Network and send the funds to the address you copied. Viola! You now have BNB on Binance Smart Chain Network. Now you can visit PancakeSwap using this link.

DO NOT max out your purchase with all of your BNB, you will need a few dollars of BNB to use as gas for transaction fees going forward. Each transaction generally only costs a few cents in USD.

Next you need to add BSC to MetaMask, you can do this via this tutorial. You will still need to use Binance Wallet to convert BNB to the Smart Chain version before sending to MetaMask. It's easier to just use the Binance Chain Wallet instead of using MetaMask as it's an added step.

Purchased your BOGE but don't see it in your wallet? Don't worry!

If you purchase BOGE and don't see it in your wallet, click Add Token in MetaMask or the + icon in Binance Chain Wallet and paste the following contract address in:

0x248c45af3b2f73bc40fa159f2a90ce9cad7a77ba

How and Where to Buy BOGE token ?

BOGE token is now live on the Binance mainnet. The token address for BOGE is 0x248c45af3b2f73bc40fa159f2a90ce9cad7a77ba. 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 Trust Wallet

If you don't have a Trust Wallet, read this article and follow the steps

What is Trust Wallet | How to Create a wallet and Use

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

Next step

Connect Trust Wallet to Pancakeswap Decentralized Exchange and Buy, Swap BOGE token

Contract: 0x248c45af3b2f73bc40fa159f2a90ce9cad7a77ba

Read more: What is Pancakeswap | Beginner's Guide on How to Use Pancakeswap

Find more information BOGE

WebsiteWebsite 2ExplorerSocial ChannelSocial Channel 2Social Channel 3DocumentationCoinmarketcap

🔺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.

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