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Mark Carey 🎩🫂 pfp
Mark Carey 🎩🫂
@markcarey
Degen Dogs say $WOOF. The ticker is $WOOF. You are early. This where $WOOF is on the bonding curve currently (see image). 1B has been minted so far and the price keeps increasing as more $WOOF is minted. $WOOF is already ranked 8th by TVL among @mintclub tokens on Degen chain. @degendogbot is minting ~9,000 DEGEN worth of $WOOF daily, and vesting the tokens over 90 days to Dog holders (reducing sell pressure). Read on for more details about $WOOF. https://degendogs.club/woof
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Mark Carey 🎩🫂 pfp
Mark Carey 🎩🫂
@markcarey
The Degen Dogs treasury has been moved from Polygon to Base, swapped for DEGEN, then locked in the Degen Vault. By locking this DEGEN, the Degen Dogs have a tipping allocation of approx 10,000 DEGEN per day. Using a MintClub feature known as mcdegen, the tip allocation will be used to mint $WOOF daily. After fees, this amount to approximately 9,000 DEGEN added to $WOOF TVL each day. This has the same impact of someone directly minting 9,000 DEGEN worth of $WOOF, in both cases paying the price specified for the current pricing step. Like all minting of $WOOF, this increases the minted supply and thus increases the price with each step. (Of course, any sales/burns happening along the way will have the opposite effect). What is important to note here is that Degen Dogs will be minting ~9000 DEGEN worth of $WOOF daily. Over the course of one year, this equates to adding over 3,000,000 DEGEN in TVL. (At the time of writing, this equates to over 60,000 USD each year).
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