DINGO Token cryptocurrency platform aims to allow users to put BEP20 TOKENS into NFTs quickly. Dingo Token is a new protocol layer that provides a new world of NFT. Users can mint NFTs in two different ways with the NFT Minting Station (decentralized app - DApp).
According to the whitepaper, the DApp developed by the team presents two options for users. Dingo Token platform users can mint their own NFT or purchase those created by other Dingo Token users.
DgXX is a Dingo XY Chromozone Token (DgXX) within the Dingo Token and the universe. Users must have DgXY to mint the "Special NFTs," a new protocol layer for NFT. When a user mints NFTs using the NFT Minting Station DApp, the wallet address is checked from previous transactions.
If the DINGO user has never called, which costs 10 million Dingo XY before, the system asks for it. An immediate transaction hash is created after a transaction is completed, and 10 million Dingo XY are burned in the process. Moreover, DNA code is generated through the Dingo XX transaction hash with this transaction hash.
The Dingo Token burn strategy is designed to benefit and reward long-term users. In addition, the total number of Dingo Tokens burned is displayed on the website, providing at any given time further transparency on the number of Dingo Tokens in circulation. Transferring a token to an account that can only receive them is burning a cryptocurrency. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.
Each trade is taxed with a 10% transaction fee, split two ways since Dingo Token consists of three simple functions: Reflection, Liquidity Pool acquisition, and Burn.
Tokens of DINGO TOKEN are automatically paired with BNB tokens and added as a liquidity pair on PancakeSwap.