Topic: DOGEWHALE ($DWHALE) - Programmed Payouts via Checkpoints and Reserves (Read 41 times)

First things off, this is not your standard ERC-20/BEP-20 token. It's not your regular OpenZeppelin copy pasta, it's not a generated contract on some standard platform and it's not a clone from any other token in existence.
This protocol was built from scratch, it's unique and it has some of the best tokenomics in DeFi.
We are proud to have built an altcoin that simply makes sense.

Some assertions we came to accept when developing Dogewhale is that:
- DeFi tokens have a low shelf-life, we know that. They get launched, they get pumped and they die of low volume.
- DeFi tokens often benefit a very small number of holders, usually the earlier degens, in detriment of the later degens.

With this in mind have integrated systems that would increase the survivability of Dogewhale in low volume conditions and also tuned our tokenomics so that it would benefit traders and holders alike, whether they come in on day 1 or day 696, they'll find the opportunity for success in this token.


So let's start off with the familiar concepts and venture into the more novel concepts by parts:

Dogewhale is a deflationary token, meaning that supply is constantly being burned down. It's not burned when you make transactions as it is common with other tokens. A very small percentage is directly burned from the LP every 4 hours. Like this, buyers and sellers do not directly carry the burden of the burn function by burning some of their bought/sold tokens.

Dogewhale has growing reserves of $DOGE, $SHIB and $FLOKI sitting right on its main contract. The value of these reserves is sitting at >$750k as of today and Dogewhale is about to enter the top 100 tokens with highest TVL on Binance Smart Chain. These reserves started from 0$ and with only $DOGE as its sole asset. Over time, 2 community votes were held and $SHIB and $FLOKI were subsequently chosen to be added. The reserves are currently increased in 2 ways. A third method is being introduced. One of the ways we increase the reserves is via Dogewhale's tax system.

Dogewhale has transaction taxes, however it's quite different from what you're used to seeing. You see, for the most part, buy tax is set at 0.25% and sell tax at 2%. However, the smart contract is tracking the price and drops from ATH. So when the price has dropped over 50% from the ATH (50% fib retracement), the tax rates start to adjust in a way that the buy tax starts reducing all the way up to a maximum of -2% when the price is at -98% from the ATH, meaning you get extra tokens when dip buying. Conversely the sell tax starts increasing up to a maximum of 8% coinciding with -98% decline from the ATH therefore acting as an incentive to hold the position through panic sells.

So far so good, but for this to work as intended there needed to be a system that would tie the token to the reserves. It would be possible to allow the redemption and deposit of reserves for tokens and vice versa but that wouldn't be the best option for a token starting from 0 because a large fee system would have to be implemented in order to work correctly in a way that wouldn't drain the reserves. So we came up with the concept of checkpoints, and we have 19 of them. Checkpoints are based on the reserve value in usd. The very first checkpoint had a fixed value of $12,500. So when the tokens within the reserves would be valued over that amount, checkpoint 1 would be hit and 10% of the reserves were allowed to be claimed by holders in proportion to how much percentage of the total supply they held.

As a practical example, if you held 1% of the supply when Dogewhale's reserves hit its first checkpoint of $12,500, then a total of $1,250 worth of tokens were available for distribution to the holders, and you'd receive 1% of those tokens, $12.5

From there, we set our sights to the next checkpoint. Each checkpoint doubles in value. So checkpoint 2 was at $25,000. Checkpoint 3 was at $50,000... etc you get the gist. As of today we've hit 7 checkpoints ($800.000,00) and are headed to checkpoint 8 at ($1,600,000.00). We've been close to it once. So in every checkpoint you always get 10% of the reserves released to holders. The only exception, is checkpoint 19 ($3.2 Billion) where 100% of reserves are redeemable. This means that:
Dogewhale has a very well defined mission and a set event at which point it will cease operations as a trading token and call it a success for all holders involved. Dogewhale is designed to finish in a high standing as opposed to leaving its endgame open by default as it is with the majority of other tokens.

We calculate the checkpoint velocity which is always available via our telegram bot as you call different commands. The current checkpoint velocity (CPV) is calculated at 0.198 which means we hit 1 checkpoint every 5.05 months.

Angles
By now, enough elements were covered that will allow you to have a greater appreciation for how many angles this protocol has. I leave you three angles that are commonly discussed by the community:

The main thesis:
- If supply down and Reserves up then Price up.

Think about it, if we take out the deflationary supply out of the equation for now. If our reserves increase in value, given that you can withdraw reserves via checkpoints, then it's only natural that more value is being packed into Dogewhale tokens, therefore these should rise in price. Adding the deflationary dynamic is all but a way to keep compressing value into the remaining tokens.
If we remove the reserves up from the equation and say the reserves would be stuck at a particular valuation, the deflationary process means that over time, more value is being packed into the tokens you hold, therefore, granting a upward price pressure. All together it simply a recipe for long-term gains, provided the underlying tokens (reserves) perform well. And that's a big part. But then again many of the other tokens you see around don't even have reserves...


The Market Cap to Reserve Value:
- If market cap is under the reserve value, then it's undervalued and vice-versa.

As I write this post, Dogewhale's reserves stand at $751k whilst its market cap stands at $331k meaning the token is trading at 0.44x the reserve value. So far we've seen 7 checkpoints and we've seen the market cap trading both above and below the reserve value. Once thing that always occurs when the market cap trades below the reserve value, is that this tends to catch up quickly to reserve value the closer we are to a checkpoint. For good reason. It's essentially "free tokens" once the checkpoint is hit. Arbitraging the reserve is almost like being able to trade $DOGE, $SHIB and $FLOKI after these had massive pumps that you might have missed. It allows a second opportunity to make the most out of the valuation of the underlying assets. It's one of the reasons why this token is also good for traders.

Holding to Breakeven and Ride for Free Afterwards:
- With only 3 checkpoints, you get past breakeven.

As stated, we've already been through 7 checkpoints. Let's assume someone arrives now and buys $100 worth of Dogewhale. That will be roughly 93 million dogewhale which corresponds to 0.014% of the total supply. You can't claim any checkpoint from checkpoint 1 to 7... those are gone. But by getting the rewards for the next 3 checkpoints, you'll get $22, $44 and $88 per checkpoint respectively. Meaning that you've been past the breakeven of what you've put into the protocol, and all you have left is rewards from the remaining checkpoints to claim if you decide to hold. Obviously you can always sell, but why would you... it gives you a "you're playing on the house money" type of feel. CP19 for that is $451k, so all the more incentive to keep holding.

A question that may pop up:
Why Binance Smart Chain when Base and Solana is where all the hype is at?
We're not looking for hype, but survivability, sustainability to reach checkpoint 19. Chasing hype in other chains means adding complexity in the form of bridges that might be prone to various failures in attaining our endgame. Binance is one of the top exchanges and has the direct liquidity to support the weights of our later checkpoints. It makes sense to have BSC as the main base and think of bridges from BSC outwards instead of the other way around.

Now obviously there's so much more to discuss about Dogewhale. It's a genuinely nice and well thought out protocol with a nice and honest mission. Doesn't seek to get its holders rekt, but the opposite. I think you'll find very few tokens that have put this much effort in building something that will work for all. We'll keep updating this post, make it more informational and pretty and whatnot, for now we'll leave it as is.

May Checkpoint 19 be with you!


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