Fat Doge (FOGE) is a charitable meme token. Meme tokens are cryptocurrency inspired by memes or jokes on social media or the internet. Fat Doge, Kuma lnu, Labra Coin, Corgibutt, Moonpug, and Snoop Doge collectively form a superpack ecosystem. This ecosystem seeks to act as a decentralized autonomous organization (DAO), allow crypto assets swapping between multiple blockchains, and offer joint-non-fungible token (NFT) marketplaces.
Besides, the ecosystem seeks to act as a venture where new animal-based projects may start. Fat Doge provides a platform where projects within the same ecosystem can communicate and function as a whole. The ecosystem also aims to have a live price tracker, daily rewards, and a wallet application for each token. Apart from this, the ecosystem seeks to operate an online school where anyone can learn about cryptocurrency, risk management, strategies, etc.
According to the whitepaper, the ecosystem charges a 2% redistribution fee on every trading transaction distributed to wallet holders, excluding DEX wallets. The user doesn’t have to claim these rewards as they get automatically transferred to the user’s wallet. Further, audited smart contracts and locked liquidity pool (LP) tokens aim to ensure safety and zero risk for the community. Liquidity pools mean locking funds in a smart contract for trading or lending later. The ecosystem also has a DEX where users can create and trade tokens.
$FOGE is the ticker of the Fat Doge token that runs on ERC-20 standards. Furthermore, the marketing wallet also earns 2% rewards on every trade transaction. The marketing wallet of FOGE is a multi-sig wallet, and hence it requires more than two members’ approval. A multi-sig wallet, also known as a multi-signature wallet, requires approval from two or more wallet members to perform an action.