PANDAMOGO Token is a hyper-deflationary DeFi token built to succeed!
PANDAMOGO is a hyper-deflationary decentralized finance (defi) token based on Ethereum blockchain (ERC 20). PAND$ was launched with an initial 100Q (quadrillion) tokens. 50Q were immediately burnt to kick-start PAND$’s deflationary tokenomics. 40Q were deposited in UNISWAP flatform. The remaining 10Q will be used towards future development of the project such as marketing, cost of Developers, launch of PANDAMOGO NFT projects and PANDAMOGO sWAG - Merchandise store.
2% of every transaction (buy, sell, or transfer) is taxed and distributed between all PANDAMOGO addresses on that particular chain. Over half of this tax is sent to an inaccessible burn address (“black hole”) and the rest is distributed to holders, incentivizing holders to hold and decreasing the circulating supply over time.
These rewards are earned immediately and automatically into holders’ wallets. PANDAMOGO is fully decentralized. The launch of PANDAMOGO was greatly inspired by the success of Dogecoin (DOGE) which was the original meme-coin. Unlike DOGE’s inflationary nature which means there is unlimited supply of DOGE, the number of PANDAMOGO is fixed therefore the value of the remaining tokens in circulation is increased by simultaneously decreasing the supply (deflation).