Doggy Rebase Coin — The Next Gen MEME Coin

3 min readDec 23, 2021

After the success of numerous meme tokens and inventive showcase movements like rebasing, frictionless yield generation , one question remained unanswered. Why can’t there be a project combining the preferences of past ventures into one whereas learning from their pitfalls to derive the most extreme long term value for DeFi investors?

Doggy Rebase Coin is a decentralized rebase asset with built in progressed monetary instruments . The starting peg to BUSD was chosen due to its principal importance.
Doggy Rebase Coin oversees cost through an elastic supply, deflationary mechanisms, frictionless yield and breeding. This combination of innovation and commitment empowers us to quickly develop , but not outpace request or supply.

TOKEN FEATURES

A) Dynamic Peg

DRC will be at first pegged to 0.000001 BUSD which is able to be expanded every day at the rate of 100% of starting price per day for a period of 100 days.

B) Frictionless Yield

Investors in DRC will moreover be the ceaseless recipients of frictionless yield . This cutting edge innovation right away distributes a rate of each transaction back to the wallet of all holders.

C) Elastic Supply (Rebase)

Elastic supply tokens have a changing circulating supply. An elastic supply (or rebase) token works in a way that the circulating supply extends or contracts due to changes in token cost . This increment or diminish in supply works with an instrument called rebasing. When a rebase happens , the supply of the token is expanded or diminished algorithmically, based on the current cost of each token .

D) Doggy Heaven

This is a freely perceptible burn address that gets a settled rate of DRC of each transaction. This address will also grow through frictionless yield and will scale with rebases. As the Doggy Heaven grows bigger, the deflationary impacts moreover grow bigger, making a input circle that exponentially scales the deflationary impacts over time.

E) Breeding

Breeding Doggy will allow the breeders to win BNB rewards which will be accumulated by taking 2% expenses from transaction and after that changing over it to BNB before dispersing the rewards.

F) Charity Donation

2% of every transaction will go towards donating to charity which will be decided by Community Governance.

Core Principles

DRC has the revolutionary ability to peg to any asset, class of assets. This adaptability can be implemented once our governance feature will be in action in the future based on investor/market sentiment.
DRC smart contract is coded with considerations of adjustments in all the parameters like burn percentage, liquidity provider rewards, etc. This gives DRC the ability to constantly adapt in the future through governance and change based on the market conditions.
“Considering the pain of Defiers in paying constant high gas fees on Ethereum blockchain” DRC is built on the Binance Smart Chain. DRC is also pegged to BUSD for its importance on the Binance smart chain.
Sell tax helps prevent coordinated price manipulation. A portion of this tax is distributed instantly through frictionless yield to all holders based on holdings.
A Testnet version will be available for testing where users will be able to simulate each and everything, understand the rebase mechanism. This simulation is creating a fairer environment for all.
Frictionless yield of DRC allows to instantly rewards its holders to their own wallet, without any requirement of transferring any tokens to a staking contract address. Similar to Frictionless yield, even liquidity providers have to simply hold their LP (Liquidity Provider) tokens in their own wallet without sending LP tokens to any contract address. Rewards will be auto distributed to all liquidity providers.
Governance is a powerful tool which will help DRC to sustain in future as it gives adaptability power as per market requirements in future.
Powerful Burning protocol is a deflationary concept that accrues and burns DRC tokens forever through several mechanisms like liquidity rewards for share of liquidity provided by the team.