DragonETH, represented by the token symbol DRAGON, is a cryptocurrency project inspired by the legendary dragon creature, symbolizing power, strength, and dominance. The project aims to combine the allure of dragons with the vast potential of digital currency. DragonETH is not just a cryptocurrency; it’s an embodiment of a captivating world where the influence of memes in the cryptocurrency space comes alive. The project has a strong dedication to charitable initiatives and is designed with deflationary features, aiming to provide an enjoyable and eco-friendly crypto experience. The mission of DragonETH is to drive the project towards a significant $100 million market cap, showcasing its ambition in the dynamic cryptocurrency landscape. Furthermore, the project has plans for future developments, including the launch of NFT collections, DApps, and GameFi, indicating its multifaceted approach in the crypto space.
Tokenomic
The DRAGON token, symbolized as $DRG, has a clear and straightforward tokenomics structure designed to ensure both scarcity and utility. Here are the specifics:
- Total Supply: 420,000,000,000 $DRG
- Pinksale Presale & LP: This constitutes 40% of the total supply, ensuring liquidity and availability for early investors and participants.
- Burned: A significant 60% of the total supply has been burned, creating scarcity and potentially adding value to the remaining tokens in circulation.
- Tax Structure: The token operates on a 5/5 tax system, though the specifics of this distribution (e.g., rewards, liquidity, etc.) are not detailed in the provided information.
- Marketing: Specific allocation or details regarding marketing were not provided.
Utility of the Token
The DRAGON token, while having clear tokenomics, also offers utility within its ecosystem:
- Memecoin Status: Positioned as a memecoin, DRAGON aims to capture attention and interest in the crypto community through its unique branding and association with the legendary dragon.
- Community Engagement: The token is designed to foster a robust community, with plans to create an engaging and friendly ecosystem around it.
- Symbol of Prosperity: Drawing inspiration from dragons as symbols of power, good luck, and prosperity, DRAGON aspires to be a token that brings wealth and good fortune to its holders.
Token on What Network?
DRAGON is built on the Ethereum network.
Contract Address:
ETH: 0x3b6813d37178880e07cd9919ab5204868cff80f8
Where to Buy DRAGON
Uniswap.
Whitepaper Link:
Conclusion
The DragonETH project, represented by the DRAGON token, showcases a unique blend of cultural symbolism and modern cryptocurrency dynamics. By leveraging the powerful imagery of the dragon, a creature deeply rooted in mythology and representing strength, power, and prosperity, DragonETH aims to create a strong brand identity in the crowded memecoin space. The straightforward tokenomics, with a significant portion burned and a clear tax structure, indicates a potential for scarcity and value appreciation. However, like all memecoins, the success of DRAGON will largely depend on community engagement, marketing efforts, and the team’s ability to deliver on its promises and future developments.
While the project’s association with the legendary dragon and its emphasis on community building are commendable, potential investors should approach with caution. It’s essential to conduct thorough research, understand the project’s long-term vision, and assess the team’s capability to navigate the volatile crypto market. In the world of memecoins, where hype can drive short-term gains, it’s the underlying utility, community support, and sustainable development that often determine long-term success. As always, potential investors should never invest more than they can afford to lose and should stay informed about the project’s updates and developments.
This conclusion provides a balanced view of the DragonETH project, highlighting its strengths and potential areas of concern. It’s designed to offer readers a comprehensive perspective, allowing them to make informed decisions.
Proud founder of Coin4Planet – joining crypto & sustainability. Investor since 2013, trader at heart. Tech geek, traveler, meetup addict.