AMA Recap 404 Daily Crypto with Dogggo
Hello 404 Daily Crypto Community
On 29th May 2021, Dogggo conducted an AMA in the 404 Daily Crypto. Our guest is Dogggo team.
Lots of questions as usual from the Community about Dogggo progress. The Dogggo team took part in a very interesting AMA session which included Project introduction, Questions from Twitter and a live AMA session with the 404 Daily Crypto community. If you missed the AMA in person, read this recap for a deeper insight into Dogggo.
Let’s take a look at the most interesting points of our conversation.
📍Session 1 » Project Introduction
Can you introduce yourself and your team please? We want get to know you and your team. What you did before crypto, and how you got into crypto?
Lemidogggo: Hi everyone, i m lemico the creator of DOGGGO. I approached the Crypto world in 2014 fascinated by the ability to make payments without intermediaries and since 2017 I started to study the technology more in depth. I have been involved in the development of some SC on ethereum.
The founding team consists of 4 members:
• Obviously me, the founder.
• Woof Woof, “The Nerd”. He sniffs on GitHub looking for codes to copy and paste.
• Grrrr Grrrr, “An Old Man Lived in the Village”. We haven’t figured out what exactly he does yet, but he likes to fuck around creating meme.
• Bau Bau, “The Dog trainer”. He is still trying to tame DOGGGO.
Everybody with at least 4 years of experience in crypto.
Can you briefly describe what is $DGGG project? We would like to know more about it and how it works.
Lemidogggo: Dogggo is a token on bsc that wants to be part of the memecoins landscape, taking the concept to extremes.
if Eth 2.0 appears will DOGGGO move there?
Woof Woof: Yes, we will implement a bridge between BSC and ETH
How was the idea to create this project born? It is very interesting. What do you want to achieve?What are your expectations?
Lemidogggo: Dogggo is born from the anger caused by the lack of recognition of coins with many years of development compared with others without fundamentals, in particular Shiba.
Then one night me and my chat mates decided to found our own shitcoin, trying to lower the quality level of the project as much as possible to express our disappointment.
in fact the design of Dogggo was conceived with paint and mouse, the name Dogggo has “ggg” inside because the domain with “gg” was already obtained. however, approaching the project with this spirit, we gradually realized that we had created something that people like.
in fact our telegram channel in a very short time was populated with an incredible number of Dogggo memes. Our expectation is to make Dogggo the most popular memecoin in the world.
everyone is invited to join the dogggo’s tg group to see it @dogggotoken
and also @dogggomeme that is very funny :)
Can you give an overview of $DGGG Token tokenomics? Will the design of the token rise and fall with the success of the platform,does it include any scarce paths,such as equity, storage or burning?
Lemidogggo: wait i would like to share an image
that’s is the tokenomics ahhahahaah
DGGG’s total supply is 100 trillions, of which 40% has been sent to the binance charity wallet and 10% is reserved for marketing and development. The team has renounced ownership of the contract, so no burning or minting is possible.
i invite everyone to see the website www.dogggo.biz
Could you please provide some progress on your Roadmap and what results $DGGG has achieved so far ? And any sneak peek into 2021 plans for $DGGG?
Lemidogggo: we aim to maximize our communication, in order to penetrate market segments unexplored until now by the cryptocurrency sector.
For this purpose we have created our marketplace, which we want to promote so that it will be enriched with new Dogggo themed merchandising products.
Also at the request of the community and their friends inexperienced in cryptocurrencies, we have just completed a guide to make the purchase of Dogggo Token as easy as possible.
In the future we intend to focus on brand identity to make our token popular among all the people in the world.
What is the plan $DGGG to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year ?
Lemidogggo: we are evaluating the possibility of including incentives for staking LPs in order to increase liquidity. in addition, a large percentage of merchandising revenue will be used to provide liquidity. Finally, sellers who wish to trade within our marketplace must lock a certain amount of LP tokens
Woof Woof: We are developing a farming SC to incentivise our users to provide liquidity on all DGGG pairs and get rewarded for it.
Lemidogggo: BREAKING NEWS. WE GET LISTED ON COINPAPRIKA RIGHT NOW
For example, if we add LP, will we get a reward?
Woof Woof: Exactly, this is just to begin with. We are also implementing a mechanism such that long term liquidity providers will be rewarded more.
Moreover, we are going to use part of the profits to buy back DGGG and increase liquidity. This will have a positive twofold effect. First, it will support DGGG price over time. Second, it will allow us to constantly increment liquidity on all DGGG pairs.
📍Session 2 » Question from Twitter
— Question from Twitter @Geri26221330
getting enough funds is a primary goal for the construction of a project. Is your team economically capable of running this project? Do you have enough funding to develop it? Can you tell us how the profit is generated by your project?
Woof Woof: Yes, of course. We have enough personal funds to run the project for many years. Moreover, we are in touch with angel investors to form long term partnerships. Regarding profits, we will launch a Dogggo Swap Product that charges fees, which we are going to use for developing the project further.
— Question from Twitter @Minari0917
Does Doggo have partnerships and some achievements that have been achieved? If so, can you share it with us?
Woof Woof: Consider that Dogggo is born roughly two weeks ago. So, it is a very new project. But, we have already started leveraging our networks of professionals working in the banking, IT, and Fashion industry to secure funds, talents and develop a strong brand identity for Dogggo. So far, we have secured a deal with a famous social media agency to promote Dogggo on TikTok, Instagram, and Facebook on a global scale. This marketing campaign will start in the following days. Stay tuned!!!
We are about to release a SC that introduces a newly farming mechanism for DGGG holders. The audit is still ongoing and we will be deploying the SC as soon as no bugs/issues are found.
— Question from Twitter @edoiraw1212
For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?
Woof Woof: As already stated above. Team members have provided enough funds to run the project for many years to come. But, it does not end here since we are in touch with angel investors, who showed a lot of interest and recognised the potentials of our Dogggo to going viral. In order to generate profits we’ll introduce a Dogggo Swap Product through which we will earn some of the fees generated. We are also considering to introduce a Dogggo casino with special rewards for DGGG holders only.
— Question from Twitter @astriidregina
Safety and security are always the most important issues. How will the team resolve if there is an unfortunate security problem on the DOGGGO ? Has the team thought of a workaround for this problem?
Woof Woof: Security is a very important topic for us since our smart contracts will manage other people’s money. Before deploying any new SC we will hire professional audit companies to make sure there will be no vulnerabilities and/or bugs. We will do everything we can to avoid this kind of issues. But, in case something of that kind might happen, we will use Dogggo treasury funds to compensate for lost funds.
— Question from Twitter @Caitlin78664096
What are the main goals you want to achieve in the next 3–4 years? What are your plans for growing and getting more adoption? How does DOGGGO improve crypto participants’ understanding of the project?
Woof Woof: Our main goal is to become the ultimate leading meme token. This means that we want to surpass Doge, Shiba, and all other meme projects out there. In order to boost DGGG adoption we will promote our project on all social media platforms with an aggressive marketing campaign (as stated above we have already secured a deal), launch meme/gif contests, Dogggo Casino/Games, Farming, and, as already mentioned, a Dogggo Swap with special features for DGGG holders.
📍 Session 3 » Community Questions (Live AMA)
— Telegram User @Eminet001
Which one do DOGGGO consider to be the most important in this project
*SECURITY and PRIVACY
Woof Woof: We consider all of them very important for the success of our project. I’d say Community is the most important thing since we are a meme token. It’s fundamentally important that our community feels engaged and part of the Dogggo family.
Moreover, I’d put Token Price and Security on the same level. Both are very important. Beginning from the price, it is the most relevant metrics to measure the project success, and a strong community around DGGG will surely reflect a high price. Partnerships are also fundamental to push the project and make it viral on social media.
— Telegram User @nikolas1819
Because marketing is a key element of any project, what a project can bring is essential to achieve its set goals. What are your strategies for attracting new users and investors to the project and retaining them in the long term?
Woof Woof: We have already secured a deal for a long term marketing campaign that will take place mostly on TikTok, Instagram, Facebook, 4chan, and Reddit. for user retention we will be implementing amazing features and games with incredible rewards for DGGG holders.
— Telegram User @lucy4277
Do you plan for BSC or polkadot in future? Do have plans to add your project in various blockchians in the future?
Lemidogggo: yes could be possible in future to migrate on other chain or let it works on different chains at the same time with some bridges.
— Telegram User @Edwards24
According to one of your twitter post that Dogggo is more decentralized and secure than ever. Dogggo listened the community and decided to RENOUNCED THE SMART CONTRACT OWNERSHIP. Can you tell us more about the Renounced of smart contract owner ship? Why there was a Renounced?
Woof Woof: The community asked the team to renounce to the ownership of the contract to make sure no one of us would be able to deploy code that would potentially affect all holders. So this is what we did.
— Telegram User @Eminet001
CAN YOU TELL US THOSE COMPETITIVE ADVANTAGE OF DOGGGO, that makes it better and ahead of it’s compititors
Why do you choose the name DOGGO ??????
Woof Woof: https://t.me/DailyCrypto404/100561 Differently to all other meme tokens, Dogggo’s face can be used easily everywhere. The amount of memes, stickers, gifs, short videos created by our yet small community is astonishing. This means that every user can create its own set of stickers, memes, and gifs. It is something that will propulse Dogggo on all social media platforms and make it viral. Dogggo with three G’s because it is a crazy dog and as such deserves a crazy name!!! Let me show an example of what one of our member did.
Thank you for answering questions from our community. Before the end of the AMA, maybe you want to say something to our community?
Woof Woof: Yes, I want to invite all of them to our Telegram group @dogggotoken to have a lot of fun with us. We constantly organise games and contests with DGGG tokens up for grabs!!!!! See you there!!!!!!!
For more information and future AMA, join our Social Media channels:
📍 More information on Dogggo:
❇️ Website: https://dogggo.biz
❇️ Twitter: https://twitter.com/DogggoToken
❇️ Telegram: https://t.me/dogggotoken
❇️ Medium: https://dogggo.medium.com/
❇️ Meme Dogggo Channel: https://t.me/dogggomeme
❇️ Reddit: https://www.reddit.com/r/DogggoToken/
❇️ Discord: https://discord.gg/zc3bNxEMAJ
❇️ Facebook: https://www.facebook.com/dogggotoken
❇️ TikTok: https://www.tiktok.com/@dogggotoken
❇️ Instagram: https://www.instagram.com/dogggo.biz/