Welcome to the Do Token and the DoGood Crypto Community. We are a brand-new crypto currency & project that is community-centered, “Do” Good-focused, universally-appealing, simple in concept, that is going to revolutionize the way we all DO Crypto and Community.
SMART CONTRACT AUDITBY SOLIDITY FINANCE
We know no one really likes to talk about taxes, and they are not a lot of fun normally…but at least in our Community 100% of the taxes actually benefit the community…and everyone has a say-so in where they go.
There will be a tax placed on Buying, Selling and Transferring “Do” Tokens. These taxes are the source of funding for the community and make everything possible, including the charitable giving. There is a 12% tax collected on all purchases of each “Do” Token, and a 15% tax will be collected on every sell and transfer of “Do” Tokens. The taxes are collected automatically through the Smart Contract that governs the “Do” Token and the DoGood Crypto Community. It is because of these taxes that we need to make use of the Decentralized exchange like Pancake Swap and will not be listed on a CEX (Centralized Exchange).
You will be glad to know that 70% of all taxes collected, every single hour, get returned back to all holders of the Do Token in the form of BUSD, a stable coin pegged to the USD. They will just show up in your wallet every hour automatically for every hour you keep your Do Tokens. The more Do Token you own, the larger portion of the taxes you will receive.
The funds in this wallet are only available to other Do Token Holders. It gets emptied out every hour and deposited in every wallet that posted a need and received at least one ‘vote’ from the community.
4% of each transaction goes to add liquidity in the Liquidity Pool on Pancake Swap. This helps strengthen the Do Token Economy.
3% of every transaction goes to reward voters who participate in the community by choosing which charitable need receives a share of the community’s charity wallet.
The Do Token is Deflationary in nature. This means that Do Tokens are constantly being taken out of circulation and burned. This 3% tax is used to buy the Do Tokens out of the Liquidity Pool and then send them to the dead address, thereby taking them out of circulation forever.
1% of the taxes collected are used to maintain marketing efforts to let more prospective members know about our DoGood Crypto Community. The DAO will take over this wallet when community control is handed over.
The final portion of the taxes collected go towards further development of the community. Since most of the development expense was paid for by the initial investors, founder, and funds from the IDO, the majority of these funds will be devoted to further build out the DoGood infrastructure and new features for the community. The DAO will take over this wallet when community control is handed over.
Our newly minted “Do” Token is a new BEP20, deflationary crypto currency deployed on the Binance Smart Chain. Here are some of the basics of our Tokenomics:
Please note that we are well aware of the plethora of scam tokens, rug-pulls, and con-artists in the crypto space. As such, we have gone to great lengths to put measures in place to earn your trust. As you will note from our Tokenomics, Taxenomics, and Whitepaper, we are laboring to be very transparent about where all the Do Tokens are going, and how they will be handled. We have taken great care to make sure that the people that decide to become a part of the DoGood Crypto Community DAO can do so with confidence.
When the Liquidity Pool for our Token is established, we will immediately and publicly burn the LP token. Once burned, no one can ever remove that liquidity, so no ‘rug-pull.’
Over 60% of the Do Tokens are locked in liquidity for 36 months. So if they are not all sold out in that time period, they will be returned to the community DAO, not to any founders or team members.
As previously mentioned, all founders / team wallets are locked long-term.
More than 95% of all Do Tokens created will be either burned or locked in liquidity, and none of the founder / team wallets will contain more than .8%.
The Do Token is termed ‘deflationary’ because of the declining or deflating number of coins in existence. The reason this deflationary mechanism is important is that by reducing the number of coins in circulation, the value of the remaining Do Tokens goes up.
During the course of the research and planning portion of the DoGood Community Dao Project, we studied numerous other Crypto projects, their relative strengths and weaknesses, their performance, their business models, Tokenomics, and use cases. Through this study, we believe that our “Do” Token and DoGood Community DAO project with its unique Tokenomics, charitable use case, reflections, voting rewards, community involvement, and moving towards a self-governing DAO structure, could realistically reach $1 Billion in market cap and more than 100,000 wallets holding our “Do” Token in record time. With this in mind, we offer our DoGood Roadmap.
“Do” Token goes live on Pancake Swap