If you want the tl,dr; the relevant stuff starts under the heading "The Token".
Preamble
A loooong time ago, I worked with the Digibyte team to implement the Gravity Well algo into Dogecoin.
The purpose of this algo was to stop multipools from literally dumping on everyone who was genuinely interested in/mining the coin. The market cap increased by about 10% immediately after launch, because who tf likes getting dumped on?
Well, nobody. But people sure do like dumping on you! Later in my journey, I had to whistleblow on my then-employer, who rugpulled millions from investors. That was expensive, and a harsh lesson learned in not trusting people in crypto. So, uh, following that then, I trusted cryptsy with all my coins - who "got hacked", claiming all the coins were now gone.
After that, I stepped out of crypto. Everything felt like a rug-pull.
Anyway, enter recent history - when I remembered that myself and the Digibyte devs did a Doge/DGB exchange after we worked together. I found the DGB wallet on an old HDD, which had matured to an amount that made crypto worth jumping back into.
Sea of Memes
So, let's cut to the chase - I, obviously having learned very little, jumped straight in to searching for the next thing that felt like Doge in the DeFi world.
Well, no - I think I learned a bit, in hindsight. For a start, it was spotting coins that were CLEARLY operating what were essentially just Ponzi Schemes. New coins appearing every 10 seconds, most of which can be sussed out by speaking with the developers, or community team managing a coin. But when 3 minutes of hesitation can cost someone 10x their gains, people are apeing into coins without even checking for liquidity locks, and getting absolutely flattened by the end of the day.
What's made these coins worse was that many of them had already been rugged, and abandoned by their developers - and the bagholders then come together to find new bagholders start building a community around the dumped coin. And often times, I only discovered that the coin had been dumped by the dev team when speaking privately with the token's new "community team", after offering to help out. So, the actual communities had no idea at all.
One of these coins in particular - which has now done pretty well - still has an absolutely massive amount of coins being held by the developers who previously rugged the project. The new community team made the nonplussed Developers into multi-millionaires; pending the dev team are willing to dump large portions of their wallets. The devs unfortunately, have been doing that - while the community blame it on "bots".
The community team behind this coin asked me if I'd speak to the community on behalf of them (posting from this reddit account, and hosting an AMA on their token), which I turned down - my coins were pulled the second they gave me the low-down on how literally everyone invested into that token were on thin ice under a group which already dumped on them. The response from one of the community team members was "Sir, this is a Casino" before posting a link to some t-shirt merch in the main group chat. So, eh, time to hop out, yeah?
Nah, I found one more token, but it had literally just started. Had a tiny bit of traction in February, but not a lot beyond that. Telegram group was small, but atmosphere was pretty good. Dev was active, as were other core team members. The team were chatting with the community, and everyone was in pretty high spirits. Coin's tokenomics were really interesting; essentially built to punish sellers, and reward holders. More on that in a bit - but anyway, I threw in 0.5 ETH at around $0.005/token, and went to bed.
I woke up to my ETH having quadrupled in value, and the community telegram was suddenly popping off. Alright, so, probably time to check out what this token can do in the long-term! And thus, I present to you:
The Token
Dogira
Site: https://dogira.lol
TG: @dogiratoken
Discord: fkUvG3z4fA
Subreddit (brand new!): /r/Dogira
TX for DexTools/Uniswap: 0xe9bd6ddc2b13f46715382f74534950e004399d10
Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1
The Good
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Microcap Token; currently < $3mil in Market Cap
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Grew to this level organically - not yet listed on CoinGecko, or CoinMarketCap
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Core Team are active, friendly, and well-versed
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Deflationary in nature; each TX restributes 1% of tokens across all users, and an additional 1% of tokens into the DogeCity fund
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DogeCity fund is used to reward users who buy after someone sells - awarding them up to 5% of the sell fee in bonus tokens. This means that if you "buy the dip", you're awarded bonus coins, paid for by the seller!
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DogeCity fund additionally rewards every 10th buyer with the prize pool from previous purchases
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DogeCity wallet allows for transferring up to 0.1% of its contents to users who advertise the token, and bring in new hodlers
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Officially Partnered with Feed All Gorillas, with 4 million Dogira tokens being allocated to FEG's staking pool
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Audited, and approved by War on Rugs
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Project Lead is self-doxxed
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Community are super friendly and engaged - very reminiscent of old Doge.
What could be better
I don't believe in any "perfect coin" - there's always some problems. If you're not seeing them in your own holdings, being frank, you're not looking hard enough. Here's what I think Dogira needs to improve on;
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Utility - right now, Dogira is a hodl token. I think when it comes to DeFi, the hodler tokens are established. Tokens need Utility, difficult as it can be to implement it while gas fees are enormous.
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Display bug - the current codebase of Dogira contains a display bug which affects the Uniswap exchange; showing all sellers as the Uniswap wallet ID, rather than the actual seller's ID. Some have argued that this is a "feature", mind. Source code is available at https://etherscan.io/address/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#code . Obviously, this is just a display bug - the actual coins go to the seller.
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Hype - while community members have been posting about the coin, they're not spamming up groups shouting "SAFE PUMP, GET IN FAST"; and while that's great for keeping a massive wave of bagholders out, it also meant the token stayed relatively undiscovered.
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Only on Uniswap - Uniswap is awesome, but tokens need to be on an exchange that accepts Fiat payments.
Where Dogira is going from here
As of last night, I joined Dogira's core founding team. The community and team have everything I loved about Doge, but without the multipool and ASIC-Driven mining problems that plagued Doge in the early days.
Priority #1 right now is in getting a public roadmap made available, outlining where we're taking the token in the medium, and long-term future. We've outlined that Utility, and Community will undoubtedly be at the core of our plans, alongside making the token more easily accessible for purchase.
Secondary to that, with the core team in agreement on where the coin should be going, we're now starting to ramp up our marketing efforts. We'll be going live with FEG over the weekend, creating hundreds/thousands of new holders. I'm also currently in the process of repurposing my Steam Game to allow users to win Dogira tokens in an event/competition basis. While it's already had its big heyday, it's still got a small active community along with a 3,000-person Discord. (Yes, I'd love to build a full Dogira version - but gas fees are prohibitive right now).
Lastly, in the more immediate short-term, we'll be organising for Fireside chats with the core team on our Discord. We'll be speaking directly with the community and answering questions during these, making sure everyone's on the same page as far as Dogira's future development goes.
From there, the team will be looking towards Utility (my short time in creating NFTs, and more extensive time in working in Games Development will be up for discussion here), along with creating long-term value for Dogira hodlers and traders.
Wen Moon?
This isn't a quick moon coin. Or at least, it's not intended to be. It might well go parabolic, but the team behind it are in it for the long haul.
Our collective goal for Dogira is to hit $1 per token - requiring around 20x our current market cap. But given we've not yet appeared on CoinGecko, CoinMarketCap, or any fiat-supported exchanges - yet still hit a $2-3mil market cap, recovering strongly from every early-investor sell-off?
Personally, I'm insanely bullish on the future that the Dogira token has in store. And psyched to be on board.
And of course, it goes without saying - I am completely, and utterly biased in everything I've written above. I have bought into the token personally, and have now also invested my time into it. I am not a financial advisor - I've been rugged too many times to ever have that title. Do your own research, don't get carpet burns. They take a long fucking time to get out.
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