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Each time the supply increases/decreases by 12 Million $WOOF, the price increases/decreases. For example, during step one, 12 Million $WOOF will cost 1,200 DEGEN. During step 500, 12M $WOOF will cost over 2,000,000 DEGEN.
When minting (buying), there is no fee. When burning (selling), an 11% fee is taken. These fees will go back to holders of Degen Dogs NFTs. The reasons for this fee are 1) to encourage people to hold the token, enabling price appreciation for all holders, and 2) to mitigate the risk of front-running the regular minting of $WOOF by Degen Dogs (see below). 0 reply
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