United Doge Finance price

UDOG

United Doge Finance was founded by Brandon Collins and Keith Biggar Jr. Both co-founders have a background in business, leadership and entrepreneurship. They came together with a vision to simplify the banking and credit processes but also make it more transparent, balanced and fair for all.

The project is now headed by the co-founders, both of whom are transparently provided on the project’s website.

In contrast to many other crypto projects, United Doge Finance promises to provide a complete ecosystem that will provide its token actual value and real-world use cases. Their ecosystem will kick off with their proprietary decentralized cross-chain exchange/swap engine, which will feature an integrated cross-chain bridge. Its decentralized exchange is scheduled to launch in Q2 of 2022. The exchange will feature a rigorous KYP (Know Your Project) application process where developers of projects will have to provide identity and lock liquidity for a minimum of 2 years to be considered. The exchange will be hosted on udogswap.com.

The exchange will be followed by its portfolio smart wallet. The portfolio smart wallet will allow users to keep track of their investments, host credit accounts and stake their crypto holdings for a return. The portfolio smart wallet will also allow the users to store their NFTs and link to the exchange/swap engine, cross-chain bridge and NFT marketplace.

The UDOG token automatically distributes 3% of every buy and sell to its holders and automatically auto burns 2% of every buy and sell from its total supply, making the value of holdings increase with every transaction.

United Doge Finance had a total supply of 100 quadrillion tokens at launch. 50% of that was burned at launch, allowing 50% to be available for circulation. In addition, United Doge Finance, being a deflationary token, auto burns 2% of every buy and sell. At the time of writing, there was a circulating supply of 48,028,347,319,958,000.

United Doge Finance has an anti-whale feature that disallows a large token holder from trying to manipulate the price or dump the token, although it goes unclear whether this goes beyond mere price slippage when selling.

United Doge Finance is an ERC-20 token on Ethereum.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.