ElonDoge DAO (EDAO) Gained 2746 Percent in 24 Hours

ElonDoge DAO (EDAO) Gained 2746 Percent in 24 Hours
  • The cryptocurrency ElonDoge DAO had the greatest increase in value.
  • A total of 60% of tokens will be used for farming and staking.

Cryptocurrencies have shown their worth and persuaded the general public that they will be around for a long time. Despite the constant volatility of the cryptocurrency market, coins showed no symptoms of deterioration.

The ElonDoge meme coin ecosystem is governed by the EDAO token, which serves as its governance token. Furthermore, many critical expansion functions made feasible by decentralized governance are made possible by the EDAO. Moreover, auxiliary features such as static reflection and automated liquidity provision are made possible via the use of EDAO.

Tokenomics

The ElonDoge DAO became live on PancakeSwap on June 20, 2021, with 100,000 EDAO tokens. PancakeSwap, a decentralized exchange, received a 2% share of the available supply. Furthermore, 60% will be used for farming and staking, 10% will be used for future exchange listings, 10% will be used for the DAO as a whole, and 8% will be used for marketing. Moreover, the team decided on a vesting cliff of six months for the remaining ten percent of the supply.

ElonDoge DAO starts with ElonCapitan, his dog-Dogemater, and the robot he created for this rocketship, Muskbeater. Moreover, it is now available for purchase on PancakeSwap, a decentralized exchange that operates on the Binance Smart Chain.

On Monday, the cryptocurrency ElonDoge DAO had the greatest increase in value. The value of the currency increased by 2,746 percent to $57.13. Vybe was in second place at $0.8622, having gained 1,314.13 percent in the previous 24 hours. According to CoinMarketCap, the ElonDoge DAO price today is $57.13 USD with a 24-hour trading volume of $1,691,078 USD.

Recommended for You

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.