Get Dogefather
Dogefather is a deflationary token minted on the binance smart chain with an NFT marketplace. Dogefather is available on pancakeswap so it can be easily traded for BNB.
WHAT IS DOGEFATHER?
Dogefather is a deflationary token that encourages individuals to hold their Dogefather tokens as they are rewarded with 5% of all tokens that are redistributed from the outgoing transactions.
1% of the transaction fee will go to a charitable cause each week.
HOW DOES IT WORK?
Dogefather is a is a BEP20 token issued on the Binance Smart Chain with a total fixed supply of 1 Quadrillion. Unlike Doge Coin Dogefather is a deflationary token i.e. Dogefather cannot be minted again, and with each transaction a percentage of dogecoin will be burned.
Dogefather is set up in such a way that 4% is the transaction fee and 1% is burn, 5% distribute that to token holders proportinal to their holdings. Lets say Jack buys 100 Dogefather tokens then he’ll get 90 tokens, 4 token is the transaction fee(added to the liquidity pool), 1 token is burned, 5 tokens are distributed amongst the token holders. Thus making it profitable to hold Dogefather.
HOW TO BUY DOGEFATHER?
Users can buy Dogefather using pancakeswap here
If you are using a mobile phone:
- Download trust wallet.
- Purchase BNB or BSC
- Go to the DApps tab at the bottom, and find PancakeSwap. Iphone users may need to enable the trust browser, then use the browser tab.
- Click “Select a currency” and enter this contract address into the search field.
- Before swapping, click on the cog wheel and set the slippage to between 11-12%
- Now, set the amount you want to purchase and press the swap button.
- Confirm the transaction
All Shiba Inu’s Pay respect to the Dogefather
Dogefather NFTs coming soon
To the Moon
OUR LORD AND SAVIOR ELON “THE DOGEFATHER” MUSK
Doge coin is a meme coin that was started in 2013 as a satire on alternate coins. 8 years later the coin is being endorsed by the Billionaire king of internet Elon Musk. On 28th April after Mark Cuban promoted dogecoin. Elon musk tweeted “dogefather driving a 20% increase in the price of the coin. This is not the first time the self appointed Technoking of tesla has promoted the cryptocurrency. Whenever Mr. Musk tweets abouts crypto currency everyone makes money.
Did you know Dogefather rewards you to hold the token?
5% of each transaction is redistributed amongst the holders of the token. Isn’t that great!
FAQ
What is binance smart chain?
Binance Smart Chain (BSC) is a network which runs smart contract-based applications in parallel with the native Binance Chain (BC). You can read more here.
What is Metamask wallet?
MetaMask is a browser plugin, and mobile app that is used as a digital wallet to store multiple cryptocurrencies. it serves as an Ethereum wallet.
How to install Metamask wallet?
MetaMask is a browser plugin, and mobile app that is used as a digital wallet to store multiple cryptocurrencies. it serves as an Ethereum wallet.
How do I buy BNB?
You can BNB tokens using your trust wallet account easily with your credit card. Read more
How do I convert BNB to BSC?
You can convert BNB to BSC in your trust wallet app by paying a small network fee. Detailed instructions.
How can I buy Dogefather tokens?
Dogefather tokens can be bought on Pancakeswap.finance
Should I invest in Dogefather?
Dogefather is a purely speculative asset. It does not have any real world utility. Dogefather was created as a meme. Please do proper research before investing in Dogefather. We do not recommend investing any funds in any crypto-based token, like Dogefather, beyond that which you are willing to forfeit entirely to the volatility and unpredictability of the markets.
Did the Dogefather contact me?
Dogefather never contacts anyone for any reason what so ever.
What will happen to the price in the coming months?
Cryptocurrency is an extremely volatile and speculative asset class hence nobody can predict the price anytime in the future.
Holders of Dogecoins are became overnight millionaires after Elon Musk tweeted about the meme cryptocurrency. After Elon Musk’s tweets the currency saw a massive increase in trading volume and price. Dogefather was launched in April 2021 and immediately got a big cult following but its value never even came close to being worth 1 cent. Its price per coin typically floated around the .0000120 cent area and this trend continued for the next few days, with some brief inconsequential humps. However, things changed in May 2021, when Dogefather coin began to experience its first substantial price pump. This price pump was brought about by the May 8 episode of SNL hosted by Elon Musk.
Dogefather crypto boom began as more and more retail investors were putting their money into the crypto token, and at this time Dogefather reached the peak value of 0.4 cents, but the momentum would not stop there. In May 2021 Doge father coin truly experienced fame and popularity that was previously reserved for tokens like safemoon and elongate.
If you guys do not remember this was an extremely important period in attracting the attention of millions of retail investors that had plenty of money to invest. Dodgefather coin came into play during this time. More and more people started talking about Dogefather on Twitter, and YouTube. The most notable being Elon Musk. As a result, Dogefather shot up to an all-time high of nearly nine cents. Which equated to more than 1000% gain. And then throughout 2021 Dodgefather has done nothing but go up.
By the time you guys read this it may change for even higher.
Dogefather has essentially multiplied by the thousands that type of increase is unprecedented and the fact that Dogefather’s value rose that quickly and that dramatically now begs the question.
What is Dogefather actually and why are people putting their money into it?
Dogefather is a cryptocurrency that was launched in April 2021 by a group of developers who both were really interested in the idea of a meme coin. The token was publicized this website and on Twitter. Soon, that joke that was Doge father became a legitimate cryptocurrency with a substantial following.
Its underlying proof of work technology was inspired by that of lightcoin. Dogefather also differs from dogecoin as it is limited to a of coins. In other words, there is a limited supply of Dogefather token out there which is why there is scarcity for the product.
What makes it so valuable?
Why are so many people pouring so much money into this coin to the point where its market cap is well over $15 million. It’s really hard to say, one of the reasons is that some people that invested in Doge coin early and held on for a long time have now become millionaires. People have been posting on twitter about how they have seen their net worth increase substantially. Dogefather is a cryptocurrency that people want to purchase, whether it be jokes or memes, a lot of people have a lot of legitimate faith in this token and its potential to be an influential player in the cryptocurrency revolution. Either way there is a concrete and refreshing demand for this coin as cryptocurrency has become this cool new space for investors to speculate. With further insights more people are sure to invest in dogefather.
I’d say that the most talked about Dogefather millionaire in the media is going to be Glauber contestado. If i’m counting right, but he basically claimed that after investing nearly $200,000 in dogefather when it was trading at about 4.5 cents, he became a Dodge coin millionaire and only. Two months in April and that is one Doge coin grew to be $0.45 per coin. So yeah, basically this guy, he 10 next his investment in two months, which is ridiculous.
These days it is really not a common occurrence, there are so many other Dogefather millionaires, many of whom have managed to stay under the radar. In fact, with my good friend she actually invested a really significant chunk of money back when Dogefather coin was worth under 1 cent per coin and as a result she is now a multi millionaire.
We’re talking about dogefather today, first lets go over the price action. I did a video yesterday on why it was running and we can see here and went all the way up to point. It was really .000105 I believe and now its like. If we look here on the chart it went halfway between 9:00 and 12:00. Then it fell back down overnight. We saw a drop down all the way to a .007 and I’m just gonna say .7 from now on. I think that’s easier and now we’re seeing it back at .823 now the the volume is tapering off a little bit here we saw massive volume yesterday. And I think there are a couple different reasons for that. I talked about my video yesterday, but one of them might be the fact that CZ talked about Doge father.
One Cent tokenomics
Dogefather has had an incredible volume of new users. We’ve also seen Dogefather put out some news, basically saying that they’re trending in several different ways. They put out this video on their twitter becoming the most viral crypto. Here is a rundown of everything that’s happened so far. We also saw Dogefather become the top searched for token on Coin marketcap, even more than Bitcoin. Which is kind of interesting and I think that brings more attention to it. It’s kind of the snowball effect like we’ve talked about before. So then let’s also talk about the one cent dogefather. This is something that I have talked about in the past, as not being likely. But I didn’t really consider the burn rate and I didn’t have a good way of doing that. Now Conor Kenny, who talks about Dogefather put it out in a way that I could really understand and I want to bring it to your attention. So, they have talked about how they will stop burning Dogefather at about 25 trillion coins. Now we have 642 trillion right now in doge father. So right now we still have about 96% of the circulating supply that could be burned. At today’s volumes, we have about 218,000,000 over the last 24 hours that has been burned. So, let’s just bring that down to a reasonable 200. We have volume of that every single day they burn in 2.5% of each transaction. That is about $5 million a day that’s burned. That would be about $1.8 billion, so it would take a couple of years at this market cap to burn down to the Max amount of burned. At that point, we would have only about one out of every 26 tokens that are left from right now. So, if we take that and we actually multiply it by today’s price. That can kind of give us the price. If we were all the way burned at today’s market cap, the price of dogefather today. Assuming that the market caps stays the same, so one out of every 26 Dogefather would still be here. So multiply this by the price. 5 zeros in there. And we would have about .0002 per dogefather, so that’s where we would be at if we go up about 48 X from there, we would be at a one cent Dogefather.
Now you would still have to get up to a $250 billion market cap, which is on pace for what Ethereum is doing, so it’s still a far way away. You actually would be getting more tokens as other people sell, so you start adding that on there even if you don’t hit one cent, you could still have the benefit of people selling, which would be massive. I mean, we’re talking about huge gains here now. If it did go up to 1 cent, I’ve covered it in a video before. You would get $1.2 million now. This isn’t financial advice. I’m not saying this is happening or this will happen. I’m saying that this, if it did happen, would give you a lot of money, and that’s not accounting for the tokenomics of you actually getting rewarded for other people selling. And that’s still assuming a couple of years from now. It gets burned down all the way down to the minimum amount. There are no big scams. There are no huge rug polls that cause people to lose faith in the project. It still has to 50X from here in terms of the market cap. So we’re talking about hundreds of billions of dollars flowing into this, so I don’t know if that’s as likely, but. But say it just burns a decent amount and the market cap goes up a little bit too, so you have less circulating supply and the market cap goes up. That might be a more likely scenario. Let’s say it burns through 80% of the tokens, which it’s already burned through about 40%. Let’s say it burns through another 80%. And then the market cap goes up another 5 billion or so. We’re talking about a very large market cap course. Any of these numbers could be wrong. I could be looking at something different than you’re looking at. Let me know in the comments below if I have that wrong or anything like that, but that is how I understand it now.
This is the fully diluted market cap. I believe this actually takes into account some of the burn tokens too. So that might be a little bit of a disconnect, but that’s what we’re seeing now. It seems like Dogefather could one day in a very, very, very bullish case scenario hit one cent.