4% TRANSACTION TAX
Every DogeLight transaction incurs a 4% tax for the benefit of all.
2% DISTRIBUTED TO HOLDERS
2% of all transactions (buys, sells and transfers) are distributed to all holders. You increase your DogeLight balance just by holding.
The contract is renounced and DogeLight is a project owned by the community. The liquidity was also burned on launch, so there is no rug to pull.
2% AUTOMATICALLY TO LIQUIDITY
2% of each transaction is sent to the (automated) liquidity pool to create a steadily rising price floor, meaning improved stability.
Making money is great, making money together is better. We choose to share our success with the world in an effort to better the lives of our community, their families and their bank accounts.
We are young ambitious developers looking to make an impact. Our team is comprised of members who look beyond the stars and into the furthest reaches of what many would deem impossible.
We take pride in being open about who we are and where our values lie. We aren’t afraid to give our opinions in AMAs or to answer any and all questions. We are transparent with as much as we can while still remaining competitive.
What we'll be up to in 2021
Contract Address: 0x0922eb89f5f9ca2bad957d79dc9ad0d28e1f72c1
DogeLight works by taking a 10% fee on every transaction. That fee is broken up into 2 parts. Reflection – 50% of the fee (5% of the transaction) is distributed to every wallet that holds DogeLight on a percentage basis. The more DogeLight you hold the more you will receive! LP Generation – 25% of the fee (2.5% of the transaction) collected in DogeLight is sold into BNB. That BNB is married up with the remaining 25% of DogeLight and deposited back into the PancakeSwap liquidity pool. These two functions work together to reward holders and punish whales. Wait! Won’t the sell order from the LP generation create downward pressure on the price? Mathematically yes it does, realistically however that pressure is minimal. It takes a large amount of volume to push the price in one direction or another. If you consider the fact that the sell order being placed is only 2.5% of the overall transaction, quickly will you understand that the small sell order is negligible relative to the overall volume. Furthermore the LP generation function acts as a fantastic risk mitigation tool as it helps to keep the market liquid, the liquidity pool balanced, and therefore the price stable.
DogeLight has an awesome and committed dev team that is focused on transparency and community. Feel free to connect with any of them, they are happy to chat about the project while navigating the cosmos. DogeLight is the first step for these devs in their intergalactic defi journey!
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