The Team
We are the quintessential rag-tag team of designers. As avid investors of crypto memes, we wanted to create the ultimate meme token, and thus Stepdad Doge was born. Stepdad Doge's goal is to always beat WIFEDOGE and keep the kids in line.
The Token
Stepdad Doge is a BEP20 token created on the Binance Smart Chain. It is deflationary with a built transaction fee and auto-staking rewards for holders.
- Supply: 1 Trillion
- Fee: 4%
- Staking: 3%
The Project
Unlike other meme tokens/coins, Stepdad Doge will not inflate its supply or be minted, nor will it artifically deflate or be burnt--ever. The total hard cap is 1 trillion tokens. That's it. We believe a cryptocurrency's value should be based on investors and its spendable applications. It doesn't make economic sense to burn a spendable asset. Eventually it'll run out. Likewise, a cryptocurrency can't be the coin of the people if it constantly inflates and dilutes its value. The coin of the people MUST be stable.
One of the biggest concerns with tokens and meme tokens, especially, is whether or not the creators will rug-pull. For new investors who are unaware, a rug-pull is when the creators and early investors cash out and step away from a project, leaving it to die.
We created Stepdad Doge for the memes. It's our first token and we love the idea of learning and expanding the project. We have no intention of walking away. You can learn more about investing here.
Full Transparency
In an effort to be transparent, we wanted to say a few things about our own investment into the project, ownership, and control.
It's a common practice to relinquish ownership of a token after its inception. Doing so theoretically provides security by removing control from a single entity. After all, the whole point of a decentralized token is to not have centralized management. However, our goal is to be able to improve upon the project as we learn and grow with it. We can't make improvements if we wash our hands of it. Granted, it's a token so our power is limited by the source code it's built upon, but we digress.
Another common practice is for creators to release, trade, or burn any tokens that they hold when it's created, as to not have an unfair advantage into the market. Creators are expected to buy in like everyone else. It's an act of good faith. That being said, we intend to retain 10% of the existing supply, or 100 billion tokens. If you consider the price of the token in the current market and weigh that against the startup costs (roughly $1500) for creating it, adding initial liquidity, and all of the supplemental assets, we believe we've already bought into the project and intend to split that difference between ourselves, accordingly. However, at this time, we have not yet done so.
Rug-Pulling