Ontario, Canada, 7th Feb 2022, ZEXPRWIRE, This weird token aims to combine richness of memes with clean fresh modern utility to Binance Smart Chain (BSC). IndianaDoge is a stakable reserve currency used for many purposes. With its community-owned decentralized infrastructure, IndianaDoge hopes to deliver a more stable, yet fun, side to the blockchain.
Our goal here at IndianaDoge is to try to bridge an untapped portion of the blockchain by combining unique memes and with modern fresh looking UI, essentially bridging the gap for a meme-token to a real token with the purpose. Long term, we believe that this contract can change how we see “adventure” on the blockchain by optimizing both stability and consistency. Short term, we plan to beef up our services and begin to launch on an IDO launchpad. Throughout our journey we also noticed a lot of blockchain projects that were memes. Their sites, pictures, and utilities were all meme based. We believe that’s fine, but what if we could turn that into a mix of both? That’s the main purpose behind this DAO.
As this DAO grows, during the first and second phase of the token, users will primarily be able to profit from the staking function in the DAPP. Most of the early tokens are distributed to stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. If the increase in token balance outpaces the potential drop in price, stakers would profit.
IndianaDoge is a deflationary token. Deflationary tokens are tokens fashioned to reduce supply over time. IndianaDoge greets this concept with open arms, as we reduce the amount of tokens by a bit. This helps to prevent flooding while trying to increase the value of the token.
This token also provides a heavy rewards system. Our rewards system makes it easy to get top tier prizes and win some of our NFTs. NFT giveaways are in the far future, more can be seen about our roadmap on our website. Members can also earn back APR rewards by staking INDI and will receive sINDI.
Yes, the name is inspired by Indiana Jones, giving the token a more adventurous feel to it. We hope that users will see the name and think of a Shiba Inu going through the jungles or mountains.
As of now, the main decisions are taken from the development team and early investors, once our DAPP releases we will become a DAO-governed protocol. The development team consists of a few nationalities and countries working universally to make this project successful. Our DAPP will be a material design modern utility, giving both efficiency and effectiveness to the Binance blockchain.
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