Economic Model
Last updated
Last updated
Filedoge is not just a memecoin, but also the platform coin for DEX. In its genesis function, there is a burning function. The fees generated from listing on the DEX, business fees, and 1/6 transaction fees will all be used for buyback and destruction of Filedoge. This will result in a deflationary model for Filedoge, causing the price to gradually rise.
As the applications for the Filedoge ecosystem explode, it will become the main entrance for FIL, just as Uniswap is the main entrance for ETH. When the daily trading volume reaches trillions, Filedoge will become a necessary coin, and the number of Filedoge burned daily will be considerable.
Therefore, the economic model of Filedoge is characterized by a huge demand and is a truly feasible deflationary model.