The world of cryptocurrency is still in its infancy. It’s scary to some, it’s an opportunity to others, and for some, it’s a full time job where they work out new business models, strategies, and investment opportunities at great pace. —
Doge Back is a new DeFi token which when investors hold, they also earn Doge Coin - Elon Musk's favorite currency. It has certainly got a lot of interest already.
“It’s been like cramming in consumer research, marketing, testing, feedback loops, development, branding… into a couple of months.. and in a brand new space, whilst in the dark” says one of the Doge Back team - “everyone in this space is learning as we go, but it’s about identifying what’s trending or popular, but then building up a very solid trustworthy product around that. It’s about speed, but being thorough”
Hold to Earn - Doge Back works with a very basic principle. On every transaction, there is a tax, which is split three ways: a “buy back” which helps keep the chart healthy, a portion for ongoing marketing and emergency capital injection in times of volatility, but most pertinently, a mechanism which buys Doge Coin (the poster child of the crypto community) and distributes it amongst the Doge Back holders. On launch night, holders were seeing hundreds of dollars worth of Doge hit their wallets, both increasing Doge Back value, and making Elon Musk’s coin of choice Doge Coin increase in value too.
The team is as transparent as one can get in this space. They have openly communicated about having small developer wallets, the contract was shared hours before presale to allow investors plenty of time to do their due diligence, liquidity is locked, and the developer team spend hours a day personally answering questions on their telegram channel. They have also been rewarding active members of the community and the moderators of the chat.
There’s no “tried and tested” marketing in this world, so the team is constantly looking for the best opportunities. Their work so far has been utterly impressive. From record listing time on CoinMarketCap and CoinGecko to the project partnerships with Peachfolio (an up and coming portfolio app), open AMA (ask me anything) audio chat sessions, giveaways, and listening to investors - something scarcely seen.
All this, and still under a week old.
Find more information about DogeBack on their website: https://dogeback.finance
Release ID: 89035803