CoinMarketCap takes a deep dive into DrunkDoge (DRUNK), a meme cryptocurrency that belongs to the Dogecoin family. It aims to make its investors rich with unique strategies.
DrunkDoge is a community-focused project launched back in July 2021. It aims to fight against fraud and scams that have become quite a norm in the crypto world. To preserve its alcohol supply [pun intended], DrunkDoge uses a unique combination of effective strategies that include anti-whale, anti-bot, anti-snipe, and anti-dump policies.
How Does DrunkDoge (DRUNK) Work?
When you hold DRUNK, you earn rewards every time someone trades the token! Every buy-order of DRUNK rewards holders with 2% transaction fees while sell orders reward goes up to 28%. Unlike other crypto projects that divide the transaction fee among developers, DrunkDoge distributes its transaction fees among its holders. Investors can buy and sell DrunkDoge from PancakeSwap.
What Makes DrunkDoge (DRUNK) Unique?
The DrunkDoge team intends to help dogs in shelters by donating to dedicated organizations that can properly feed and take care of stray and abandoned dogs. Moreover, the project employs a number of strategies to increase the prices of its tokens organically over time and benefit its token holders.
DrunkDoge (DRUNK) Price
DrunkDoge (DRUNK) is now trading at $0.001635, as of August 12, 2021. Its 24-hour trading volume on exchanges is around $55,562.08.
DrunkDoge (DRUNK) Tokenomics
As the official website of DrunkDoge states, this coin was created for investors who believe in the HODL philosophy! The rewards that come with holding DRUNK may make it an ideal investment for those who like to put their money into projects that bear fruit after a considerable amount of time.
Let’s explore the reasons that make this token a potential project for investors.
Mega Rewards
Distributed tokens among holders are collected by DrunkDoge in the following manner: 2% tokens from purchase orders and 7% to 28% tokens on consecutive sell orders.
Fair Launch & Incentive For New Buyers
The DrunkDoge (DRUNK) creators have held back a total of 6% tokens for marketing and development and released the rest for potential investors. The project claims that its strategy involves burning 50% of tokens in circulation.
Marketing Efforts To Increase The Price
The team of DrunkDoge will invest its marketing resources into building its community. It will not only spread awareness of the project but also help the price move upwards in the long term.
Protection From Bots & Snipe
DrunkDoge features a 30-second buy cool down and has a buy limit of 0.3% of the total supply.
Safety From Whales
DrunkDoge controls the price volatility by limiting whales from buying or selling large amounts of tokens in a single transaction.
Protection From Dumps
DrunkDoge increases tax (fees) and imposes a 1/2/6 hour cooldown mechanism after each sale is concluded to prevent excessive dumping of the currency.
$DRUNK Is A Memecoin With A Strong Community
DrunkDoge has an active marketing team on social media platforms, such as Twitter, where it frequently hosts giveaways to attract investors. The community of this memecoin is growing and the similarity between the names of Dogecoin and DrunkDoge is clearly working out well for the project so far.
When Will DrunkDoge (DRUNK) Hit 1 Cent?
As of August 12, 2021, DrunkDoge (DRUNK) is trading at $0.001642. So far, the token's price has depreciated by about 1.88% in the past 24 hours. However, looking at the price chart, it can go either way. As of now, it is not possible to predict the price of DrunkDoge due to the presence of various volatile factors, such as the market interest and its circulating supply.
What Are The Future Plans Of The DrunkDoge Team?
The creators of DrunkDoge have outlined a roadmap on their official website. It has four phases in total, where phase 1 has been completed. This phase includes listings on CoinMarketCap and CoinGecko along with an aggressive marketing plan. The final phase and targets of DrunkDoge, as highlighted by the creators include getting it listed as one of the top 10 cryptocurrencies by market cap, opening DrunkDoge taverns worldwide, and making DRUNK a uniform currency in the world.
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