“Through our MiniPets app, charitable contributions, and unstoppable community, we are changing lives everywhere!”
Andrew (BSC.News):
Hello everyone and welcome to the highly anticipated AMA with MiniDoge!
Today we have the CEO of MiniDoge, DevTeamSix joining us to answer some questions about their project, welcome sir
DeFi SCI:
Hello…. We are happy to be here…
Andrew (BSC.News):
Great thank you, and for those who may not know, DeFi SCI is the CTO at MiniDoge
CEO @ DevTeamSix:
Thank you for having us on today.
Andrew (BSC.News):
So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway 🙂
Sound good with you guys?
CEO @ DevTeamSix:
Sounds great!
DeFi SCI:
Perfect..
Andrew (BSC.News):
Alright great so to start things off
1. Please give us your background and how you came to join/found MiniDoge?
CEO @ DevTeamSix:
I am a career business development enthusiast. I have successfully build many businesses over the last fifteen years of my life. Prior to becoming an entrepreneur I was a financial advisor and in the banking industry working for JP Morgan Chase. I started to amerce myself in the crypto world back in 2013 and have been doing diligence ever since. Starting in 2016 Eric (CTO) and I set out to begin the process of developing our roadmap and ecosystem of platforms we wanted to build surrounding cryptocurrency. We were looking for a next generation to NFT’s and gaming and building a virtual world for people to build true intrinsic value behind NFT’s where they could build the value with the engagement of the asset. This is how we ended up with the concept of MiniDOGE.
Andrew (BSC.News):
Fantastic
So with your prior experience in banking as well as extensive experience in crypto since 2013…
2. What is MiniDoge? What is your overall mission with MiniDoge?
CEO @ DevTeamSix:
MiniDOGE is a NFT/Gaming focused token. The primary focus is to develop the next level of NFT engagement along with bringing a gaming experience to the end user which will allow them to achieve success both in the game and in the real world. We also have a charity component to MiniDOGE focused on donating to animal shelters worldwide.
Andrew (BSC.News):
Yeah so just to unpack here
And before we touch on the features of your platform, your token is what makes all of this possible so
3. Tell us more about your native token, what purpose does it serve on your platform?
CEO @ DevTeamSix:
The MiniDOGE token serves it purpose as both a utility in the game MiniPETS as well as the ability to be used in commerce through online platforms such as Shopify, WooCommerce and Open Cart, Magento and many more. When we launch our DogeEX DEX exchange it will also serve as a core swap token.
Andrew (BSC.News):
So while I will touch back on this I have a side question
If used in commerce, why would someone use a hyper deflationary token that could either crash in value one day or pump 100x the next day?
CEO @ DevTeamSix:
In Commerce the token is used to pay for goods based on the current value of the token, for the merchants they are able to gain the exact value during the POS which will ensure their value of goods is secure. For the user who owns the tokens and is buying items they are able to gain the bennefit of having a token which is losing supply daily causing the value to go up in time.
Andrew (BSC.News):
Okay great thanks for that answer
4. What are you doing different than all the other variations of Doge tokens that are out there on the market today?
CEO @ DevTeamSix:
MiniDOGE is building a true utility along with BNB rewards through its core platform MiniPETS as well as other MiniDOGE platforms we build. We are building a true gaming competitor to the likes of Roblocks, FortNite, etc. We are also going to do open development inside of the gaming platform to allow for many other minigames built by third party developers to boost adoption. All of this will provide a true use case.
Andrew (BSC.News):
I see so you are planning to take a play-to-earn approach?
CEO @ DevTeamSix:
There are many ways to earn with MiniDOGE. One is to HODL which will reflect tokens to the wallet holder allowing for them to grow their MiniDOGE holdings over time. The second one is to earn in the games by playing. Our holders will also earn BNB reflections from a portion of the revenue each game generate’s with in app purchases, etc.
Andrew (BSC.News):
Gotcha thank you
So this one feature was one that I found to be very neat so can you run through this for us?
5. What is Auto Boost, how does it incentivize users to purchase and hold your tokens?
CEO @ DevTeamSix:
AutoBoost is a mechanism which builds up BNB in the contract and will use it to buyback on the market during the point at which sales take place. This allows for holders to know we will never see two sells in a row as well as ensure there will be a forever offset to all market sells against the liquidity pool. This allows the token to have a powerful boost when it is needed to fend off market pressure.
Andrew (BSC.News):
So while the crypto market as a whole on average seems to be seeing a lot of green days, could you have an explanation as to why your token may be depreciating in value, not following market trends?
CEO @ DevTeamSix:
We are following similar market trends for new token projects. We are right in line with the average project that is equal to the same number of days old MiniDOGE is currently. With the cycle we seem to be on the bottom floor right now and will begin to roll out more and more updates which will build more interest in the token and we feel we will see the uptrend not only go up but outperform the market.
Andrew (BSC.News):
Great, so moving on
6. Why did you decide to go with a Hyper Deflationary Token rather than a fixed supply?
CEO @ DevTeamSix:
We chose to allow for scarcity of the tokens over time causing for a natural increase in price as demand goes up and supply lessens.
Andrew (BSC.News):
Okay and that does echo similar tokenomics of the other major doge related coins out there
7. Why did you decide to choose a platform that falls under the name of the Doge family? Do you feel as though if you chose another name it would not have gotten as much exposure or traction?
CEO @ DevTeamSix:
Everything in business is based on consumer familiarity of names, products, etc. We chose the DOGE name since it has a relationship to our game MiniPets as well as is part of our focus on helping with Animal Shelters worldwide. We feel our project is unique enough to speak for itself and the roadmap we have created will allow for mass adoption of the token either way regardless of the name of the token.
Andrew (BSC.News):
Right but the DOGE name does have that underlying connotation of embodying a “get rich quick” environment, so what are your thoughts on that regarding MiniDoge?
CEO @ DevTeamSix:
MiniDOGE is a long term project, we fully believe it will grow based on the success of the tech launches we build around the token.
Andrew (BSC.News):
Okay great
8. What features does the MiniDoge platform contain makes users want to utilize your platform rather than others?
CEO @ DevTeamSix:
MiniDOGE platform contains BNB Rewards from all platforms which are built around it includes all the games and any other platform utilities which are built. We are the only project which is offering to take platform revenues and reflect revenue back to holders in BNB. The opportunities for the holders are endless.
Andrew (BSC.News):
Gotcha
So moving on I find this question to be crucial to any project’s success
But I will ask some follow up questions after your initial answer
9. Is your platform secure to use? How can you ensure users that their funds will be safe?
CEO @ DevTeamSix:
MiniDOGE lives on the BSC Blockchain which provides some of the highest security around. We have married this with in platform security measures within each platform built around MiniDOGE to ensure the protection of all who engage with the platforms or MiniDOGE token.
Andrew (BSC.News):
Are you or do you plan on being audited?
CEO @ DevTeamSix:
We also are a fully DOXED team. Also we are already audited and passed, this was before we could be listed on all of the exchanges.
Andrew (BSC.News):
and in regard to the audit?
DeFi SCI:
We will post the audit on the website this week…. All security tests passed without issue…
Andrew (BSC.News):
That is great to hear!
So on a serious note, there have been some allegations that MiniDoge devs may be committing fraud against token holders
CEO @ DevTeamSix:
Very interested in hearing about how this could happen?
Andrew (BSC.News):
the allegations indicate that buy backs have not occured as well as burns. But rather tokens have been sold for BNB and transferred over to a wallet ending in 2090
Do you have anything you wish to say regarding this?
Maybe some transaction ids or such that can give the community some reassurance?
DeFi SCI:
I will try to walk through the buyBack system for clarity…
Every time there is a transaction – transaction fees are accumulated in the contract in the form of MiniDOGE tokens…
Once the number of MiniDOGE tokens reach a set level – the contract then swaps these tokens with PancakeSwap for BNB…
This BNB is split and divided between the buyBack mechanism and the marketing/development wallet (2090)
Every time there is a sell transaction – the buyBack mechanism (contract) issues a “buy” to help offset and boost the market
The funds in the 2090 (Marketing/Development) wallet are for Marketing and Development…
This seems to be confusing for some people to understand – and, I hope that I was able to explain how the system works…
Andrew (BSC.News):
Is this transparent for the average user?
Have you stated anywhere in the tokenomics regarding how much % will be used for marketing/development?
DeFi SCI:
I believe it is…. This mechanism is entirely outlined in the Whitepaper…
As well as in the tokenomics section of the website – MiniDOGE.finance
Andrew (BSC.News):
Okay thank you for your answer, I hope this answer clears up any discrepancies for those who might have concerns regarding security
So last but not least
10. Any exciting news you would like to announce here today?
CEO @ DevTeamSix:
This week we are running MiniDoge Mania and lowering the buy
fees from 12% to 2%.
This is happening until Sunday. Buyers are only paying 2% on the buy side.
Andrew (BSC.News):
Alright great!
And can you please post links to your social media that you would like the community to go check out?
CEO @ DevTeamSix:
Andrew (BSC.News):
Great! Thank you, if you guys want to stay up to the latest news on MiniDoge go and check out their social media as linked above!This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
