Comment on page
GogeDAO / $GOGE was created on the Binance Blockchain (BEP2) through the Binance Smart Contracts family (Binance Smart Chain - BEP20). Binance Chain BNB (BEP-2 format) was launched by Binance in April 2019. Its primary focus is to facilitate fast, decentralized (or non-custodial) trading.
Binance Smart Chain ($BNB (BEP-20 format) is best described as a blockchain that runs in parallel to the Binance Chain ($BNB). Binance Smart Chain ($BNB) boasts smart contract functionality, fast and low fees.
The design of the GogeDAO was specifically created as a dividends token / rewards token to help accelerate growth and generate value, by having another token as our rewards token, holders are encouraged to hold $GOGE and receive passive income as the project and community grow larger! Since Goge has gone live, almost 1.5 million dollars has been automatically bought and rewarded back to $GOGE holders! There isn’t any need to sell $GOGE for gains and hurt the price / market cap, as holders benefit for holding by receiving passive income that they can then use to buy more $GOGE or for any purpose!
AUTOMATIC CHANGEABLE REWARDS - The 1st project to feature automatic and changeable rewards including rewards percentage % for holders through the GogeDAO process of proposals and votes.
STAKE-TO-VOTE TECHNOLOGY - Innovation made in house, to ensure security and fairness throughout the proposals and voting process
The $GOGE smart contract has a built-in function that takes:
10% taxes on each transaction, using these funds to buy and redistribute $CAKE or other altcoins to $GOGE holders.
- 6% of each transaction is used to reward holders in Binance-Pegged $CAKE initially and can be changed at any time by the DAO. Redistribution of rewards is automatic, every 60 minutes (or when the rewards pool has been filled the threshold amount) and is based on the token’s volume as well as respective to the holder’s current token balance.
- 4% of the tax goes to the buyback fund / marketing / team / liquidity. Of this, 2% is used for our buy back function to balance the dividend sells and 2% percent is used for marketing/ team/ liquidity, to ensure we can continue to grow our community and further develop our project long term.