DogeBackDOGEBACK
$0.00000370
Market/Exchange
DOGEBACK Price Prediction and Price Movement
DOGEBACK is up 15.04 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of DOGEBACK can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, DOGEBACK has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on DOGEBACK's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
DogeBack Price Chart
About DogeBack
What is DogeBack
DogeBack is the first token ever created that is able to give off DOGECOIN dividends to all its holders. Everybody will earn crypto currencies' favourite meme coin just because of holding. The more they hold the more they earn.
DogeBack proposes an innovative feature in its contract represented by the dividend payment in Dogecoin!
The contract takes 10% of every transaction and accumulates capital to purchase Dogecoin which is paid off to his holders in Binance Peg Dogecoin. In that sense, as a Dogecoin supporter, DogeBack aspires to be part of Doge environment.
Besides being an innovative mean of passive income, Dogeback has been given Shibetoshi Nakamoto's legitimation ( Dogecoin's creator) who thought of Dogeback as a right way of supporting Dogecoin. If Shibetoshi Nakamoto himself trusts DogeBack, this token has a huge potential in generating constant passive income to everybody that cares to hold it for the long term, one of the main purposes this token was conceived for.
In some way, DogeBack rewards its holders as a new and fair alternative to other financial ways of passive income like staking. Dogecoin rewards are higher than others dividend methods.
AUTOMATIC DIVIDEND DISTRIBUTION
Dividends are automatically reflected relative to each individual's holdings on a daily basis. When volume is higher the frequency of the distribution is higher too. So the distribution cycle times depend on the number of holders in the market and transaction volume but can be claimed manually using the dogeback.space platform, where every holder can see the amount of DogeBack that is owned and the amount of Dogecoin reflections that is pending of being distributed.
A minimum of 200k tokens is required to be held to qualify for dividend distribution.
5% BUYBACK FUND & MARKETING
5% of all transactions will be taken by the contract, a configurable portion will be used for marketing while the bulk of the tax will be used to buy back and burn our token to offset the selling pressure generated by the dividend mechanism. DogeBack has a 100 billion supply and it is a deflationary token, meaning the supply will be reduced transaction after transaction. It is a win-win deal!
Nowadays DogeBack is a community driven token. Developers are in the project to help with technical issues or advise its admins but the future of the coin is in the hands of the community which is organized by the official telegram group and DogeBack's Twitter account. For any issues the community is there to help everybody in need.
DogeBack's community commitment has been amazing in order to take this token back on track and this can be seen in all the intense episodes that DogeBack has lived since its launch last July 6th 2021: Dogeback was delisted from CMC, Dogeback's Telegram was attacked by imitator tokens and a bug in the dividend system appeared as well. In spite of these circumstances, DogeBack's community is still in love with this token and its philosophy, that is why all those troubles were fixed and DogeBack token is still alive and growing.