Cryptocurrencies are digital or virtual currencies that are protected by cryptography, making them difficult to counterfeit or double-spend. The blockchain is a distributed ledger that is enforced by a disparate system of computers. Decentralized networks-such as cryptocurrencies-are based on this technology. As cryptocurrencies are generally not issued by authorities, they should be immune to government manipulation or interference.
What is DeFi?
Blockchains and Decentralized Finance, or DeFi, have helped the blockchain industry and the world at large. Because cryptocurrency is a decentralized store of value and highly secure, DeFi leverages decentralization to create a decentralized financial instrument available to anyone without tying them to traditional financial institutions. In 2021, the DeFi industry experienced rapid growth. The industry generated $275M in revenue in 2019. By February 2020, its value had risen significantly, reaching $2.5B in early July 2020 and $60B by July 2021. The growth rate indicates that DeFi is gaining popularity among the masses.
What is Smart Doge?
Built on Binance Smart Chain, Smart Doge is a community-driven DeFi project. Soon, early investors will be able to buy the first token $SDOGE. $SDOGE has a limited supply of 1 billion tokens. $SDOGE token holders receive BNB rewards based on their holdings, making it an excellent source of passive income. To combat day traders, whales, and bots, Smart Doge has been engineered with a revolutionary tokenomics process that rewards holders, penalizes short-sellers, and improves price stability and market volatility.
What is Binance Smart Chain (BSC)?
The BSC chain is a high-performance network with lower transaction fees than other leading chains. Through the cross-chain Decentralized Finance (DeFi) system, projects can easily bridge Ethereum to other chains. The DeFi network consists of individual blockchains that offer users unique features and projects to explore.
Since its launch in late 2020, the BSC blockchain has seen rapid growth. The trading volume of Binance’s Smart Chains reached an all-time high of 11.8, six times greater than Ethereum’s level in as little as one year in April 2021.
Binance offers a rich and growing ecosystem for blockchain projects to thrive, as it is the largest blockchain service in the world. For projects on the chain believing that the blockchain will be their next big thing, there are opportunities available.
10% burn-through on all trades
There is a 10% devour charge on all buy, sell, and move trades, which is probably a deflationary measure. This will continue to fabricate the lack of $SDOGE tokens and expand their value.
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