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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 🎩🫂
@markcarey
The $WOOF token is backed by actual DEGEN which serves as liquidity, which means that you can always sell at a predictable price. The amount of DEGEN backing the token at any moment is often referred to as the TVL, the Total Value Locked -- in this case, it means the amount of DEGEN locked in the contract that would be returned on holders if they sell (burn) their $WOOF. There is no need for liquidity pools such as Uniswap. For each of the 500 "steps" on the curve, there is a fixed price. That price increases 1.5% on each step. As people mint (buy) $WOOF, the price moves along the curve. Earlier buyers pay a lower price that later buyers. As people burn (sell), the supply decreases and the price moves along the curve in the opposite direction (the price decreases). Since the maximum supply is 6 Billion, each price step is (6B / 500 steps) is 12 Million.
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