Dough Price (DOUGH)

What Is Dough (DOUGH)?

Dough is an automated reward-switching token based on real-time price movement. Token holders are rewarded in CAKE and DOUGH depending on the trade flow.

Dough will be expanding into the NFT market with Recipe collections. The Recipes will be made by Dough’s team, the community, and renowned chefs through partnerships.

Dough's main use case and revenue generation will be its Launchpad. The platform will feature Token Creation, LP lock, Ownership Lock, Influencers, Marketplace, KYC, and Audits. Developers will be able to create their own token in minutes. However, there are restrictions set in place that prevent developers from creating honeypots and rugs. Dough’s ICO platform will make it easier for developers to build their projects and provide investors with peace of mind knowing their investments are safer.

Dough is partnered with multiple projects who take safety as their priority by providing utility, transparency, and continuous development. Dough has an ambitious roadmap. They wish to be listed on leading exchanges and increase their partnerships by the end of 2021.

Who Are the Founders of Dough?

Mick Hofmans is the CEO and founder of Dough. His profession is a Sales Manager for a Digital Identity Provider, which allows him to work with blockchain, SaaS, and Enterprise customers.

Hofmans studied International Business and Management at the University of Arnhem en Nijmegen and studied Commercial Economy at the University of Groningen.

More information can be found on his LinkedIn profile.

What Makes Dough Unique?

Dough claims to have come up with a unique system that automatically switches rewards depending on price movement.

The contract constantly monitors the number of tokens bought and sold. It dynamically adjusts the rewards paid to ensure the selling pressure from the contract doesn't get too high. When there is buy pressure, the contract will switch to CAKE rewards. When there is sell pressure, the contract will switch to DOUGH rewards. Every 24 hours, these rewards are automatically claimed (if enough transactions have happened). Selling will cancel rewards for 24 hours. The minimum token balance for rewards is 200,000 DOUGH.

This reward switching feature is an intelligent way of improving the reward token standard and generating a passive income for all DOUGH holders.

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How Many Dough (DOUGH) Tokens Are There in Circulation?

There is a total supply of 1 billion Dough tokens. Dough employs three functions to improve Dough's scarcity: Reflection and Rewards (adding coins to holders’ wallets), LP acquisition (added as a liquidity pair on PancakeSwap), and token burning.

How Is the Dough Network Secured?

Dough uses the Binance Smart Chain to provide a Proof of Staked Authority consensus that relies on 21 validators to provide decentralization and enable community involvement.

Can Dough Hit $1?

Considering the utility case featuring NFTs, a Launchpad, and the value from the Reward Switch function. It's not unthinkable for DOUGH to hit $1. That would imply a market capitalization of $1 billion. In comparison, the popular meme coin Shiba Inu has a market cap of over $3.5 billion as of September 2021.

Where Can You Buy Dough (DOUGH)?

DOUGH is available on Pancakeswap V2.

If you want to learn more about how you can start buying cryptocurrencies, you can read more here in our guide.