DogeFi Army (DOGEFI) is a unique gamified community, which creates opportunities for its members to participate in price arbitrage and grants access to exclusive yield farming projects. What is DogeFi Army (DOGEFI) | What is DogeFi Army token | What is DOGEFI token
In this article, we'll discuss information about the DogeFi Army project and DOGEFI token
The word of the day is Yield Farming and everyone keeps talking about the YFI functionality. We are going to call this Breeding. In addition, market makers and exchanges who were paid absurd amounts of money to foster price action and provide enough liquidity for the token where implemented in the past. Thanks to DeFI platforms such as Uniswap we no longer have to incur these high costs and can transfer the net benefits to our community.
And if this is the case, we can create one of the most generous staking programs out there with even our first level participants receiving 102% APR.
Each of our ranking officers, starting with Privates First Class, will receive a daily salary (distributed several times a week…because of gas fees) for their service in the $DOGEFI Army as long as strategic supplies last. Further opportunities for rank growth will arise, including brothers-in-arms vote on commendations and rank increase. With each rank, our soldiers will have access to closed sub-groups, more salary and even greater *Breeding *opportunities in the future. One might argue that bringing additional tokens into circulation in a span of a few months would drastically increase selling pressure but this assumption might be countered in the following points.
Firstly, our project had no pre-sale so there aren’t any vested or cliff hanging tokens to be unleashed at unknown or forgotten dates. No absurd amount of tokens were promised to advisors. Secondly, we would like to argue that the true price discovery, partnerships, marketing outreach, exchange listings and technological developments haven’t even begun. Finally, breeding rewards will be transferred several times a week and the project is willing to sacrifice the large gas fees to adhere to the assumption of a more smoother price formation.
This program is different from traditional rewards as $DOGEFI users don’t need to lock up tokens on any of the platforms, there is no un-staking time loss and no un-bonding period. If our user holds the minimum amount of $DOGEFI tokens on their wallet — they can qualify for our Breeding.
Army Ranking System Dynamics
Apart from the obvious daily rewards our token holders will gain access to a closed telegram group pertaining their rank. These closed groups will be incentivized to bring as much value to the project because at the end of the day they will hold elections on who to promote to a higher rank. Finally, the officers will have a chance to participate in limited airdrops, other staking opportunities (Yield Farming products) and even exclusive pre-sales of other projects as we mature. Oh, and they get to be called Sir by the lower ranking Privates in the main group — we are an Army after all.
Our tokenomics assumption for this strategy is that all future big news won’t have the hidden impact of sudden token cliff dumps and market price discovery will become more fluid. The more tokens in circulation the less potential impediment there will be on future price appreciation in the context of a low starting market capitalization. But, most importantly, by staking tokens, our users inadvertently decrease the circulating supply of $DOGEFI, which is always beneficial to the price appreciation of our token.
First, the project got the involvement of Vitalik Buterin. With the words “The $DOGEFI Army leaders will never betray you!” the tokens for the initial Uniswap listing were sent to Vitalik’s personal wallet: https://etherscan.io/tx/0x2f2c5b395f7033483930257e3ed43a3f70306afa3d59679e60493e5932ddc7fa Do expect a selfie with him and
.Second, there was no initial token raise and the Uniswap listing was silent and FCFS. This created very democratic wallet distributions and no Xs were, or will be dumped on anybody.
Third, the creators of DOGEFI do not OTC their tokens to any closed TG groups or influencers. Trust us for saying this, but after years in crypto this alone is an accomplishment.
The nucleus of the project is its integrity. All the uncirculated wallets are openly listed on the website so tokens can be easily traced. Users are encouraged to monitor all transactions from every wallet and keep the project founders accountable of any wrongdoing. Unlike other projects, where millions of coins are locked for years, $DOGEFI uses its coins where it’s most needed — to boost its awareness early into the game, by working together with twitter and telegram influencers to gain greater exposure.
It doesn't stop here. By participating in the project, you don’t just buy in for quick gains, $DOGEFI stands for honor and virtues, things that the high paced crypto community is forgetting in the search for quick profits. The Uniform Code of conduct in the $DOGEFI Army, with all its humor, is a reminder of some of the moral virtues we must not forget in our search for a brighter and more decentralized future.
$DOGEFI Telegram Group Concept.
The concept to implement a military hierarchy inside a telegram group came to the founders after witnessing countless admins of different projects get mentally and physically exhausted by replying to thousands of repetitive, rude and impatient messages to users 24/7. Thus, all members of the $DOGEFI group are divided into a military hierarchy, with ranks such as Private, Sergeant, Major etc. Keep reading.
$DOGEFI BootCamp — the first level.
To enlist in $DOGEFI BootCamp one must have a telegram account, a sense of humor and, most importantly, leave their ego behind the door. Upon joining, you automatically get the rank of Private and immediately get familiar with the traditions, which have evolved in the community: “We do not woof, We BORK!” as one of the hallmarks, including some which are currently in development such as Flag Raising Procedure and an expectation to be silent while the Anthem is played. The Uniform Code of $DOGEFI Justice states that you have to respect your senior officers, for example:
$DOGEFI Military Hierarchy Breakdown.
The military ranking system in the $DOGEFI Army is based on a shortened version of the U.S. Army Ranks & Insignias. It goes as follows:
Private (PVT $DOGEFI)
Private First Class (PFC $DOGEFI)
Sergeant (SGT $DOGEFI)
Sergeant First Class (SFC $DOGEFI)
Second Lieutenant (2LT $DOGEFI)
First Lieutenant (1LT $DOGEFI)
Captain (CPT $DOGEFI)
Major (MAJ $DOGEFI)
Colonel (COL $DOGEFI)
DG-100 (DG-100 $DOGEFI)- the one and only
General Commander (GC $DOGEFI)
It will be mandatory for all our ranking officers, starting with Private First Class, to put the abbreviation of their title in their telegram bio. Further opportunities for rank growth may include weekly brothers-in-arms vote on commendations, social media marketing efforts and other ideas which will be thoroughly described in future announcements.
*Disclaimer: the military ranking system can and probably will be updated with the maturity of the $DOGEFI project.
DOGEFI token is now live on the Ethereum mainnet. The token address for DOGEFI is 0x9b9087756eca997c5d595c840263001c9a26646d. 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 ETH in your wallet to cover the transaction fees.
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)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don't have a Metamask wallet, read this article and follow the steps
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy DOGEFI token
The top exchange for trading in DOGEFI token is currently Uniswap (V2) and CoinTiger
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once DOGEFI gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
Find more information DOGEFI
🔺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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