Meme coins have really taken over in terms of popularity and value. Taking lessons from the first in line, Dogecoin, many crypto projects are aimed towards creating sensational meme coins. Even though they are created for hysterical reasons, they end up conquering the world with their marketing power. Meme coins generally depend on influencers for their growth. As is the case with Dogecoin. The vale of Doge is almost entirely dependent on Elon Musk and that is how a true meme coin behaves. Doge Smeagol is a similar meme coin that is entering the mainstream of crypto with guidance from the meme giant Dogecoin.
What is Doge Smeagol?
Doge Smeagol is a meme coin that was created with the aim to overthrow the meme lord Dogecoin and to become more efficient and fastest among the bunch. It is Hyper-deflationary with an integrated smart staking system that is built in to reward the holders. With each transaction, more Doge Smeagol coins will be added automatically to the wallets.
The Problem in the industry
Even though most cryptos are good at what they do, they often have limitations that later become a problem in the industry. For example, crypto whales. Whales might invest a ton in a coin or a token and give the company enough revenue but they also make the token vulnerable as they have immense power to determine its value. Another problem is when a coin does not give back enough. In addition to having high transaction fees, some coins do not have a rewarding system for the holders and the community of users are just not involved enough.
Solution by Doge Smeagol
Doge Smeagol is owned entirely by its community. It is highly deflationary and is also burnt to provide liquidity. 3% of every transaction fee is given back to the holders. It is a rewarding coin and long-term holders benefit from this.
To know more about Doge Smeagol, visit: https://dogesmeagol.com/