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Ever since Dogecoin came around, the market has discovered the meme coin niche. Following $DOGE, many have tried to obtain the same success with similar projects, with different results.
Today we will talk about Sincere Doge, a new initiative aiming to enter the industry with long-term plans. Our quick review will provide an impartial analysis of the project’s main features.
A quick overview of Sincere Doge
When asked about the original idea, sincere Doge’s team mentions Hachi, a popular 2009 movie. The project went live in February 2022, and we could draw a quick profile of the initiative as follows:
- Sincere Doge provides the market with a decentralized cryptocurrency named $SDOGE.
- The team claims that its aim is promoting cryptocurrency adoption and, simultaneously, help rescue dogs in need.
The token runs on Binance Smart Chain, using the BEP-20 popular protocol. We will give the readers more information on $SDOGE in the dedicated section.
New meme coins have an essential advantage over similar tokens that appeared in the past. Namely, projects such as Sincere Doge can learn a lot by looking at the market’s successful (and unsuccessful) stories.
Sincere Doge brings a static reflection system to the market, joining the popular trend of crypto passive income. In simple terms, transactions enable traders to receive more $SDOGE tokens.
The team’s vision
The whole vision of the team revolves around the concept of distributing token rewards in an automated manner. The project plans to leverage the mix between the meme coin hype and its tokenomics.
Sincere Doge is trying to affirm its presence in a crowded market by rewarding long-term investors.
Audit and KYC operations
The German blockchain auditor SolidProof released two certifications for this project:
As many crypto enthusiasts know, the market always looks for guarantees over a blockchain project’s seriousness. Consequently, teams tend to insert audit and KYC procedures in the preliminary phase of their roadmap.
More information about Sincere Doge
Sincere Doge is a decentralized platform that relies on its online community. The team claims to promote open communication on its platform.
The project’s whitepaper mentions concepts such as trust and openness as milestones in building a long-lasting organization.
The importance of trust in the crypto industry is undoubtedly growing. Modern crypto projects focus on transparent communication with their community through social media.
In this context, a typical key performance indicator (or KPI) of a blockchain project is the size of its online community. Valid projects manage to grow their audience by gaining the market’s trust.
While we cannot speak for the market itself, Sincere Doge is taking a few steps in this direction. The team already obtained KYC and audit certifications on the project and decided to lock most of the LP tokens.
As mentioned in its whitepaper, Sincere Doge promises that the team won’t perform any rug pull on its community. Locking liquidity is a typical way to provide this type of guarantee to traders.
The name of Sincere Doge’s native token is $SDOGE, and we have the following information on the matter:
The $SDOGE distribution is relatively straightforward, as it consists of a division between the system’s liquidity (40%) and the pre-sale operation (60%)
The team claims it will not own any tokens in this system.
The tax mechanism
Each transaction will trigger the application of an 8% tax, which we can break down as follows:
- $SDOGE reflections: 2%
- Marketing operations: 3%
- Non-fungible tokens (NFTs) development: 3%
A look at the project roadmap of Sincere Doge
The team has divided its work into four stages. The following subsections provide more information on the matter.
Phase 1 – Q4 2021
The team delivered the initiative’s official website and its whitepaper at the end of 2021. Furthermore, the project launched the first marketing operations on social media platforms.
Phase 2 – Q1 2022
This phase saw the realization of smart contracts, the KYC & Audit operations, and the token listing on PancakeSwap.
The team expects to close Q1 with 5,000 token holders, while $SDOGE already landed on CoinMarketCap and CoinGecko.
Phase 3 – Q2 2022
In Q2, the team anticipates reaching 100,000 token holders. Furthermore, we will see SincereDogeSwap going live, and the first charity donations will begin.
The phase will end with the listing of $SDOGE on Coinsbit.
Phase 4 – Q3 2022
By Q3, the project will launch its NFTs, and donations will help build an animal sanctuary.
All crypto enthusiasts know how crowded the meme coin market niche is. To survive, new initiatives in this sector attempt to bring new recipes for long-term success achievement.
Sincere Doge is a “social experiment” (in the words of its founders) aiming to keep a long-term vision in the meme coin sphere. We will see how its community will evolve and which new initiatives the team will announce.
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