DogeBonk (DOBO) is a deflationary meme token on the Binance Smart Chain (BEP20) with a current supply of 582,959,739,166,037 tokens. It has a 10% tax on all transactions, with 5% distributed to holders and 5% added to a locked liquidity pool. The token is known for its unique marketing stunts, including launching a crypto wallet into space, and offers a platform called Memetools for listing and finding new meme coins.
DogeBonk (DOBO) is a cryptocurrency token built on the Binance Smart Chain (BSC) with deflationary properties. It has several key uses and features:
Reflections: DogeBonk offers reflections, which are rewards earned by token holders. A 10% tax is applied to all transactions, and 5% of this tax is redistributed to existing token holders, providing a passive income stream.
MemeTools: DogeBonk is associated with MemeTools, a platform that aggregates data on meme tokens, similar to CoinMarketCap or CoinGecko. MemeTools also includes a "rug checker," a premium feature that evaluates the likelihood of a token being a scam. This feature is accessible to users holding at least 3 billion DOBO tokens.
Liquidity Pool: The other 5% of the transaction tax is split, with half traded for BNB and the other half remaining as DOBO tokens. These tokens are deposited into a liquidity pool on PancakeSwap, ensuring liquidity for traders.
- Deflationary Mechanism: The token supply is continually decreasing due to a burn wallet that receives a share of the static rewards, making it deflationary.
These features and uses make DogeBonk a unique token in the cryptocurrency space, particularly among meme tokens.
To store DogeBonk (DOBO) tokens, you have two primary options:
Centralized Exchange (CEX): You can store your DOBO tokens on a centralized exchange like KuCoin. This method provides easy access to various investment products and features, such as spot and futures trading, staking, and lending. The exchange will securely hold your funds, but you must ensure the exchange implements strict security measures to protect your assets.
Non-Custodial Wallets: For greater control and security, you can store your DOBO tokens in a non-custodial wallet. This includes hardware wallets, Web3 wallets, or paper wallets. This option gives you complete control over your private keys, but you must store them securely to avoid losing your tokens.
To buy DogeBonk (DOBO) tokens, follow these steps:
Find a Centralized Exchange (CEX): Look for a reliable CEX where DogeBonk is listed. You can refer to Coinmarketcap.com's Markets section to find the list of CEXs that support DOBO.
Use a Decentralized Exchange (DEX): If DogeBonk is not listed on a CEX, you can use a DEX that supports the blockchain where DOBO resides. Popular DEXs include PancakeSwap.
Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet or MetaMask that is supported by the DEX you choose. Make sure to keep your seed phrase safe and note your wallet address.
Buy Base Currency: Purchase a base currency like BNB or ETH from a CEX like Binance or KuCoin. Transfer this currency to your crypto wallet.
Connect to DEX: Connect your wallet to the DEX by following the instructions on the DEX's website. This will allow you to trade your base currency for DOBO.
Trade for DOBO: On the DEX, select your base currency as the payment and DogeBonk as the coin you want to acquire. Enter the amount you want to trade and confirm the transaction.
Verify the Smart Contract: If DOBO does not appear on the DEX, find its smart contract address on a blockchain explorer like BscScan.com and enter it manually to ensure you are trading with the official token.
Confirm the Swap: Once you have set up the trade, click the "Swap" button to complete the transaction. Your wallet will ask you to confirm the action.
Remember to always be cautious of scams and ensure you are using official sources and contract addresses.
