DOGES, Dog Duo Coin, is a decentralized, hyper-deflationary currency based on the Huobi Ecosystem Chain. Every transaction on the DOGES chain is taxed by 5%, with 3% added to the MDEX liquidity pool, 1% burned in real-time by sending it to a black hole address, and 1% distributed as dividends to DOGES holders. To receive dividends, you must keep the coins in your wallet; the longer you hold them, the more dividends you earn. This model operates similarly to liquidity mining. Every transaction on the DOGES chain triggers a burn and dividend distribution.
The vision for DOGES mechanism: To become a widely accepted multi-platform payment coin. As a representative deflationary token, it aims to reward long-term holders with real value. With an increasing value, we anticipate expanding its use across more platforms for payment mechanisms in the future.