After a successful launch and huge support from the community, it is time to release the next phase of the NeoDoge ecosystem. Introducing: xNEOGE.
xNEOGE
What is xNEOGE?
xNEOGE is the second token in the NeoDoge ecosystem. xNEOGE will be the farming reward for “The Source”, where users can deposit PancakeSwap LP tokens for specific NEOGE- pairs. The Source will require users to hold 2,000 NEOGE in their wallet in order to farm xNEOGE.
xNEOGE will offer frictionless yield generation. 3% of every transaction will be automatically redistributed to all holders via reflection, and another 3% will be burns. This causes deflationary, upward pressure on token price.
xNEOGE will also power the next phases of the NeoDoge ecosystem: a launchpad! Just as humans boot up programs into the Matrix, so too will NeoDoge boot up meme projects into the world. How will the launchpad work? The plot thickens…stay tuned…
Distribution
As stated earlier, xNEOGE will be rewarded for providing liquidity on PancakeSwap for specific NEOGE- pairs and staking them in “The Source” section of our app.
However, degens who wish to avoid impermanent loss are in luck: for a limited time, xNEOGE will be available via a distribution smart contract, to be announced soon.
“What are you trying to tell me? That I can dodge impermanent loss?”
No, Degen. I’m trying to tell you that when you’re ready, you won’t have to.
