Good morning #Ninja
Great news from @Dojo_Swap!
In this article we will learn about:
1. What is #babyDOJO and how does it benefit $Dojo and $Sushi token holders
2. The purpose and mechanisms of the babyDOJO token.
3. What is the purpose of the #CW20 reflectance standard?
#Injective #Airdrops
What is #babyDOJO and how does it benefit $Dojo and $Sushi token holders?
babyDOJO is designed to stimulate growth of the DOJO ecosystem by rewarding holders with a daily drop of DOJO tokens, funded by a significant portion – up to 9% – of the trading volume going towards DOJO redemptions.
Supporting baby Dojo results in the contraction of DOJO tokens, establishing itself as a key driver of DOJO value and ecosystem strength. Trading volume is a crucial indicator of its success
What is the purpose of the science and mechanics of babyDOJO?
babyDOJO will launch as the largest #airdrop on Injective with a market cap of $25 million, with all 4.2 billion tokens distributed to the community with no team reserve, for an initial price of around $0.006. It's also one of the fairest launches.
The token features a 10% transaction tax, enhanced rewards, token buyback and burn, and liquidity provision, supporting the value of the DojoSwap platform.
This airdrop aims to increase trade volumes and boost the value of DOJO and baby DOJO, with more rewards expected later.
So what is the purpose of the CW20-Reflection standard?
This standard is used by #DojoSwap to create memecoin, where mirror token holders can receive earnings through Airdrop daily. Other projects can also use this standard to create interesting coins with similar features
The CW20-Reflection standard is a CW20-compliant token that allows #dApps
Using token standard easily
It allows taxes to be applied to the token, allowing automatic purchase and burning of the original token
Get more liquidity for the existing flip token and redistribute the original token to holders
Reflection symbol
Well, this concludes my topic here
The @Dojo_Swap community is built on an unwavering commitment to its members, with a strong focus on wealth creation for all dedicated owners, a trustworthy approach
#Cryptocurrency #DeFi #trade #trading #swap #memecoins
