What Is PolyDoge (POLYDOGE)?
PolyDoge (POLYDOGE) is a meme coin inspired by Dogecoin and created on Polygon network. Meme coins are cryptocurrencies created using inspiration from internet jokes and popular memes on social media. As the website mentions, PolyDoge (POLYDOGE) is a community-driven cryptocurrency seeking to make DeFi accessible to every individual. PolyDoge aims to treat all token holders with several fun features like NFTs, airdrops, DApps, and easy access to DeFi platforms running on Polygon network.
A unique purple Polygonized version of Shiba Inu, a Japanese breed of dog, stands out as a popular mascot of PolyDoge. POLYDOGE is primarily a utility token working with the aim to benefit the token holders by large. This meme coin aims to build an expansive community on the blockchain, and therefore, PolyDoge (POLYDOGE) treats token holders with limited edition NFTs. The Genesis Coin, Diamond Hands, Polycat Power Ring, Lord of the Doge, and Dragon's Lair Coin are some of the examples of NFTs prevailing on the platform.
Further, there are 10,000 freshly minted PolyDoge cards available for trade within the community. The cards are specifically randomized NFTs seeking to allow users to gather and trade the cards for a better value. Holders can utilize POLYDOGE to purchase the cards and aim to become esteemed members of an elite society featuring supernatural intelligence. Also, the PolyDoge cards are exclusively available on OpenSea, a large NFT marketplace seeking to simplify the collection and trading of extraordinary NFTs.
Moreover, PolyDoge seeks to function as a decentralized autonomous organization (DAO). The token encourages users to come forward with proposals and vote in matters concerning the development and future of POLYDOGE. Besides, POLYDOGE is a deflationary token which means that the token’s supply will decrease with time. For instance, users are encouraged to utilize POLYDOGE coins to acquire the NFTs and cards. However, the proceeds of the purchase are burned to maintain the coins' higher value. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means that the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.
The token seeks to facilitate users in adding liquidity to the PolyDoge (POLYDOGE) pools via QuickSwap. QuickSwap is an AMM (automated market maker) on Polygon blockchain. AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset—one-liner for AMM. PolyDoge (POLYDOGE) introduces DogeQuake, a play-to-earn game seeking to reward players with POLYDOGE for every successful kill.
History of PolyDoge (POLYDOGE)
The maximum total supply of PolyDoge (POLYDOGE) is 1,000,000,000,000,000 POLYDOGE.
