What is Fantom Doge?
Fantom Doge (RIP) is a decentralized finance (DeFi) token that is designed to offer benefits to users across the globe. The community-driven token is built on the Fantom blockchain and serves as an automatic liquidity-providing protocol. The primary objective of Fantom Doge (RIP) is to offer static rewards to holders and frictionless fee redistribution with every transaction.
Fantom Doge (RIP) offers several features that make it a lucrative option for users. The token aims to offer a fair launch for all tokens by adding them to the Spookyswap Liquidity pool. To ensure stability, these tokens are then sent to the black hole address. The LP tokens are issued to liquidity providers on a decentralized exchange running on an automated market maker (AMM) protocol. The Blackhole protocol, which is a cross-chain burning platform based on the Ethereum network, is used to burn a fraction of tokens to increase market value and reduce availability.
Fantom Doge (RIP) is a reflection token that seeks to increase the value of users' tokens automatically backed by its smart contract protocol. When users trade using RIP, 5 percent of the total amount is distributed to token holders, ensuring that no impermanent loss occurs. Automated Liquidity Acquisition is another feature of the token, which increases the token's liquidity automatically at each trade based on its protocol. Five percent of the trading amount is used to add on Spookyswap's Fantom (FTM)/Fantom Doge (RIP)’s liquidity. Additionally, the LP token has been sent to the black hole address, and the smart contract's ownership has been renounced. The smart contract has been audited by Solidity Finance to ensure that it is rug-free.
Fantom Doge (RIP) has a total supply of one quadrillion tokens. The project was launched in Q4 of the year 2021, and the whitepaper of the token was released in Q1 of the year 2022. These features and the history of the token make it an ideal option for users worldwide.
The decentralized nature of the Fantom Doge (RIP) token allows it to offer several advantages to its users. The token is community-driven, and the automatic liquidity-providing protocol ensures that the holders receive static rewards. The token's features, such as fair launch, reflection, automated liquidity acquisition, and being rug-free, make it an attractive option for users worldwide. The history of the token shows that it has been launched recently and is an upcoming player in the DeFi space.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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