DogeKing (DOGEK) Review – Features, Pre-Sale, Tokenomics

DogeKing (DOGEK) is a community-driven token that aims to provide a self-solvent asset on the Binance Smart Chain. The token takes its inspiration from Dogecoin and leverages BEP-20 smart contracts to help investors earn passive income.

This short DogeKing review looks closer at the project’s features, token pre-sale, and tokenomics.

What Is DogeKing?

Since Dogecoin rose to global popularity, many meme coins have followed in its path. However, not all of them achieved even half of the meme token’s success. And that’s mostly because they didn’t leave the joke aspect of memeology behind. So, they failed to focus on the crypto nature of their projects.

DogeKing seeks to turn the tide around by providing a serious Doge-inspired project. In this regard, it intends to build a strong community around DOGEK and inspire investors to gain more passively.

The token uses an innovative system that makes it deflationary without damaging its price floors. Also, it imposes a 5% transaction fee that it later uses in rewards to help increase the token’s value and demand. Lastly, DOGEK investors have a good chance of gaining daily rewards depending on how long they hold onto their assets.

Recently, the project has successfully passed a token pre-sale event using Unicrypt’s launchpad. (More on this later)

DogeKing Features

DogeKing comes with an extensive suite of features. So far, the team behind the project has released these ones:

  • DOGEK is fully decentralized and is community-driven.
  • The developers believe DOGEK to have a 2000x potential.
  • DOGEK holders can gain up to 5% from the transaction fee through an auto-earning & Rugpool Mechanism.
  • They obtained a listing for DOGEK on PancakeSwap and created a pair automatically during token creation.

To support its functionalities, DogeKing has struck several strategic partnerships with both centralised and decentralised crypto exchanges. Among them are PancakeSwap, 1Inch, Hotbit, CheeseSwap.app, and Dodo Exchange.

Security Audit and KYC

To ensure investors of the project’s long-term sustainability, DogeKing underwent an auditing process with industry expert company, Solidproof. The latter completed an audit report on November 3rd without discovering any risks in the DOGEK contract.

Furthermore, Solidproof also conducted a KYC scan on the project team. The successful result of this practice ensures that the developers behind DogeKing do not have connections with money-related frauds.

DogeKing Tokenomics

Here are the details on the DOGEK token we know so far:

  • DOGEK will have a total maximum supply of 845,000,000,000,000 units.
  • The token will have an initial 11 million DOGEK liquidity.
  • The project will hold only 4% of the entire DOGEK amount. 
  • Also, the team will lock the rest of the liquidity at Unicrypt for 1 year.

DOGEK Pre-Sale

On November 6th, DogeKing successfully passed an Initial Liquidity Offering (ILO) for DOGEK on Unicrypt. The team’s initial plan was to keep the event open for five days. So, it set a soft cap of around 100,000 BUSD and a hard cap of 150,000 BUSD. However, the event ended shortly after it started due to investors hitting the hard cap.

Following the event, the team announced that 60% of the total BUSD raised will go to Unicrypt lockers. Therefore, Unicrypt will be holding a liquidity lock of around 90,000 BUSD.

DogeKing developers concluded that around 142 investors bought the entire BUSD amount. Also, the event ended with over 21,000 transfers and resulted in 2,000 DOGEK holders.

Final Thoughts

Bitcoin live price
price change

DogeKing has just surfaced on the market, but the market shows a big interest in meme coins. The recent pre-sale event for DOGEK shows that a solid community is already growing around the project. This should help the team increase its development speed and develop new features that should boost the meme-coin’s popularity.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Learn More

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