UpDawg is a decentralized finance (DeFi) protocol that offers a unique investment opportunity for users. UDAWG token is backed by TRX, one of the leading cryptocurrencies in the market, and operates on the TRON blockchain, a public blockchain platform that provides scalability and security for dApps and smart contracts.
The decentralized nature of UpDawg provides users with greater transparency, security and borderless transactability than traditional centralized finance solutions. Since the protocol operates on TRON blockchain network, all transactions are recorded on a public ledger accessible to anyone, anytime and from anywhere around the world. This eliminates the risk of central points of control or single points of failure, reducing the possibility of hacks or other security breaches.
UpDawg's burning mechanism automatically burns a small portion of each exchange transaction on dawgDEX, reducing the total supply of UpDawg tokens. This helps combat inflation and maintain the value of the tokens over time. In addition to the burning machanism of the UpDawg Protocol, uDawgDAO will 'Buy & Burn' UDAWG tokens from their revenue streams.
UpDAWG ensures transparency by allowing users to view internal reserves, ensuring that token values are backed by expected collateral. Reserves can be easily verified via the website or TRON blockchain explorer. All reserves are stored on the blockchain for complete transparency. This provides users with a secure and trustworthy platform to manage their UDAWG tokens.
UpDawg HODLPool is a unique feature that enables UDAWG token holders to earn a portion of the exchange transaction tax collected by the UpDawg protocol. This mechanism provides an opportunity for users to earn passive income simply by holding their UDAWG tokens in their wallets.
UpDawg's smart contract has a unique feature called Timepot, which allows HODLers to claim rewards whenever their balance is updated, including transactions such as Buy, Sell, Burn, and Transfer. This innovative feature ensures that HODLers are always incentivized and rewarded for holding their tokens.
UpDawg Launchpad was developed without any ICO to establish the initial price of UDAWG token against 1 TRX on TRON mainnet. The launchpad was launched on October 1, 2022, and ran for a limited time until October 31, 2022. UDAWG is now available for trading against TRX.
UpDawg was launched without an initial supply or ICO and is now available for trading against TRX on dawgDEX, a decentralized exchange.
Get Some UpDawgUpDawg has launched a new feature named “Bark”, which allows users to connect with others in a public chat room anonymously.
UpDawg BarkDeveloped with 🐾 by uDawgDAO