Discover the Denky magic with our latest updates on staking, burn events and the incredible Denky Dollar! Learn about our reward program, tokenomics, and how to earn passive income.
Hey there, awesome denkies!
Today, we've got some exciting updates about our upcoming staking reward program. Get ready to learn how it works, the two new burn events, and how it'll supercharge our tokenomics!
Staking Denky Inu ($DNKY) – Cha-Ching!
We've heard your cries for passive income, and we've got just the solution – staking! No more crazy pump and dump rollercoasters for us. Staking allows you to deposit your precious $DNKY into the contract, and you'll be rewarded handsomely for your loyalty. Here's how it all goes down:
- Deposit Circle – Denkies, you've got one week to stash your $DNKY into the contract. But hey, even if the Deposit Circle is done, you can still deposit your tokens afterward. However, those tokens won't be part of the active Reward Circle. So, act fast and join the staking party!
- Staking Circle – Buckle up for a week of exciting staking action. During this time, no $DNKY can be withdrawn. Patience, my friends!
- Reward Circle – Ding, ding, ding! The time has come to collect your juicy rewards and unstake your $DNKY. But remember, there's a 5% tax for unstaking, which goes straight to the burn (dead) wallet, reducing the supply of $DNKY over time.
Sweet, Sweet Rewards!
As we mentioned in our previous article, you'll be earning the coolest meme coin around – Denky Dollar! Pegged to $1 USD, it's the first stable meme coin in town. All the revenue generated from the DEX goes directly to the stakers. Cha-ching! Passive income galore! Plus, you'll eventually get back what you invested, creating a win-win situation for the denky team and our holders. Price stability and long-term growth, baby!
Tokenomics and Epic Burn Events
We're all about creating scarcity and rewarding you for your loyalty! The first burn event occurs when you unstake your $DNKY. Burn, baby, burn – reducing supply and making every hold even more valuable! The second burn event happens when Uniswap v3 fees are collected (1%). We convert $ETH to $USDT, print Denky Dollar with it, and send the $DNKY to the burn wallet. It's like magic, but better!
Development Updates and Conclusion
Mark your calendars – staking goes live in 1-2 weeks (fingers crossed)! And guess what? CEX listing is just around the corner! We're talking with more exchanges, building relationships, and working out the details to bring Denky to the masses.
You've made it to the end, dear denkies! Thanks for supporting us on social media and CoinMarketCap. Stick with us, and let's take Denky to the moon! 🚀🌕