What Is the Mars Doge Token (MARSDOGE)?

Mars Doge is a reflection token that seeks to enable its users to gain a passive income by holding the token. According to the whitepaper, the platform's vision is to create a crypto item with the merging value that provides high income and potential safety features to the token holders.

There is a 10% tax on every MARSDOGE transaction. From the taxed amount, 7% is to be reallocated to the token holders depending on the total number of tokens they hold. Thus, the token holders can acquire passive income by recollecting the tokens in their token wallets. Also, 1% of the total taxed gets automatically burned when the tokens get transferred to the dead wallet. Burning helps in reducing the circulating supply over time and increasing the value of the token.

Additionally, another 1% of the total tax amount is moved to the development wallet, later used for the project's future development. Lastly, the remaining 1% gets collected internally until appropriate capital is accumulated. This process helps maintain the flow of price concerning transactions. The platform has also switched MARSDOGE's ownership to a timelock contract to seek to increase transparency and avoid direct interaction between the contract and its owner.

The native token of the platform is Mars Doge with the symbol MARSDOGE. MARSDOGE token is deflationary, positioned on the Binance Smart Chain (BSC). This implies that the tokens are designed to reduce in supply as time passes, making them more valuable. The usage of the MARSDOGE token is mainly for reward systems and payment on the gaming platform.

History of Mars Doge Token (MARSDOGE)

Sac A. is the founder of the Mars Doge platform. The development team of Mars Doge has some key members, including designers, developers, and moderators.

The maximum total supply of the MARSDOGE tokens is 225 million.