Dogewhale (DOGEWHALE)

Dogewhale is a protocol with a deflationary token, DOGEWHALE, backed by a reserve composed of multiple doges. The protocol features a checkpoint system that redistributes the accumulated doge reserves over time, with the last checkpoint event worth over 3.2 billion USD. The token supply of Dogewhale is burned over time, ensuring that it becomes scarcer independently of trading volume.

The reserves of Dogewhale are managed by the community using a keeper, who provides small rewards to members who oversee the reserves. A low tax is applied to every transaction, and the proceeds from this tax are used to add more doges to the reserve. Once the reserves reach a value threshold of 3.2 billion USD, holders of DOGEWHALE can redeem 100% of the reserves. Holders also have control over the protocol through a built-in DAO.

Dogewhale also incorporates automatic liquidity provision, using a portion of the transaction tax to provide liquidity on decentralized pools. Additionally, it has quests and mining features that allow community members to earn rewards. The protocol employs a transparent marketing contract to ensure transparency over marketing funds, and it is a member of the Doge Alliance, which distributes rewards to DOGEWHALE holders in every buy transaction.