LunaDoge Price(LOGE)

LunaDoge (LOGE) is a decentralized finance (DeFi) meme token. It draws inspiration from Dogecoin and reflect.finance. The project incorporates two primary functions that occur with each transaction: static rewards and automatic liquidity pool (LP) acquisition, both funded by transaction taxes. A tax is applied to every trade for each of these functions. Static rewards are designed to address issues related to impermanent loss. The amount of these rewards is dependent on the volume of the token being traded. This mechanism aims to reduce downward selling pressure on the token and encourages holders to retain their tokens to earn rewards from each LOGE transaction. These static rewards are shared proportionally among all LOGE holders, based on the total tokens they hold. The automatic LP acquisition function applies a tax to every transaction. Half of this taxed amount is then sold to BNB (the asset paired with LOGE in the liquidity pool), and an equal share of BNB and LOGE is added to the liquidity pool. This process helps to continuously increase the liquidity pool, aiming for greater price stability. The purpose of this automatic LP acquisition is to mitigate large price fluctuations, especially when significant holders sell or new investors enter, thereby reducing concerns about slippage. It is intended to provide a long-term benefit for the token, addressing some of the short-term focus of static rewards. LunaDoge launched its LOGE token on April 28, 2021, with an initial total supply of one quadrillion tokens. The project was created by a group of cryptocurrency investors from Western Europe who have been involved in the crypto space since 2016 and possess experience in Solidity and SQL. A fully functional Decentralized Autonomous Organization (DAO) was developed to foster a community-driven approach, allowing holders to propose decisions. LOGE is the native utility token used for transactions within the LunaDoge ecosystem. It operates on the Binance Smart Chain (BSC) Network. Tokens can be traded on decentralized exchanges, with PancakeSwap (v2) being a popular platform for LOGE/WBNB trading. Beyond trading, users can also send LOGE to others using their receiving addresses. Learn more

Looking to buy How to buy LOGE? The process is simple and hassle-free! You can easily purchase LOGE on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

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