Dogecoin Clone Skyrocketed!

Dogecoin clone skyrocketed! The coin, named Buff Doge Coin, has increased by nearly 1,000 percent in 24 hours.

Dogecoin tumbled 5% and fell below $0.20 as the overall cryptocurrency market tumbled slightly. However, an altcoin that is a copy of DOGE, unlike DOGE, performed incredibly. A coin named Buff Doge Coin (DOGECOIN) rose by over 1,000 percent in 24 hours, from $0.00000002494 to over $0.00000003. Then it went downhill again. Buff Doge Coin advertises itself as the "buff" version of Dogecoin. Buff Doge Coin says it was founded due to the popularity of Dogecoin with the aim to become the “King of Memes”.

What is Buff Dogecoin?

According to the information on CoinMarketCap, Buff Doge Coin has several unique features. One of them is that each coin burn is hyper-deflationary, targeting twice the amount of the previous one. Coin burns will be very frequent, so 100 percent of the remaining supply of the current Buff Doge Coin will be burned. 1,000,000 tokens will be burned during the first burning, 2,000,000 during the second burning, 4,000,000 in the 3rd, and 8,000,000 in the 4th. In this way, trillions of Buff Doge Coins will be burned as a result of exponential burns. According to the white paper, the Buff Doge Coin protocol works like this: On every transaction, the transaction is taxed with a 10% fee, which is halved. The 5 percent fee is redistributed to all existing owners. Of the 50/50% fee, half of which is sold on contract to BNB, 5 percent is split, while the other half of Buff Doge Coin is automatically paired with the previously mentioned BNB and added as a liquidity pair on Pancake Swap. Liquidity is locked in DXsale to keep the owners safe. According to their statement, some of the profits of the Buff Doge Coin coming to the developers will be donated to animal shelters and environmental problems such as rebuilding forests to prevent global warming.