LSDoge Review
LSDoge
lsdoge.com
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Their Official site text:
Introduction
Sniff, sniff, Acid, tasty
LSDoge
LSDoge is a new Meme token that offers abundant returns by combining the power of LSD and the master of Meme. By holding $LSDoge, you become a guardian of the Ethereum network and earn sufficient ETH rewards.
LSDoge has a fixed total supply, 100% fully circulated, and is infinitely deflationary. Also fairly distributed, with no team shares or fundraising involved.
Through a partnership with 0xACID.com, the largest LSDfi project on Arbitrum with over 5000 ETH treasury, LSDoge solves trust risks and can stably generate ETH returns from a large amount of LSD assets in the long run.
Tokenomics
Keep it inside your project
How many freaking zeros?
Introduction
We are pleased to introduce $LSDoge, a new meme token that combines the power of LSD and Doge Meme to offer satisfying real returns to its holders. $LSDoge has a fixed total supply of 100 trillion, fully circulating with no inflation, and is only deflationary. This token has been developed through a partnership with 0xACID.com, the largest LSDfi project on Arbitrum with over 5000 ETH treasury.
Token Distribution
Token Distribution: The token distribution of $LSDoge is designed to ensure fairness and equal opportunities for all.
66% of the total supply will be converted to LSDoge through the ACID Bond with a vesting period of 3 days. This conversion will be available for a limited time, specifically from April 24th to April 26th, 2023. The exchange rate will be 1 ACID to approximately 34.5 billion LSDoge. The total amount of bonds available will be 2,000 ACID. Additionally, any ACID that is transferred to LSDoge will be permanently burned.
30% will be distributed by airdrop to addresses holding $ARB, $AIdoge, $ACID, $vACID, $esACID and $sACID (snapshot taken between 20-23 April).
1% of the total supply will be used for initial LP addition, which is LSDoge-acid pair, and 3% will be used for LSDoge-ETH LP initial rewards. (However, you can purchase it using USDC or ETH via Camelot as there will also be liquidity and a router.)
Transfer Tax
$LSDoge will have an 8% transfer tax, with each on-chain transfer subject to the tax, including swaps, transfers, and any other operations, except for stake.
Of the transfer tax, 2% will be burned, 3% will be added to the LP rewards pool for LSDoge-ETH LP stakers, and 3% will be converted to ETH and distributed to the 0xACID treasury for LSD returns.
Conclusion
$LSDoge is an exciting new token that combines the power of memes with the benefits of good LSD. Its fixed total supply, deflationary nature, and fair distribution make it a valuable addition to the LSDfi ecosystem. We are thrilled to offer this token to the community and look forward to seeing the benefits it will bring to our users.
Taxes