According to Chainthink, the Pangu Community has launched a Meme project called PDOG with a total supply of 210 billion tokens. Prior to its launch, 50% of the tokens were burned, reducing the supply to 105 billion, with plans to further reduce it to 21 million. PDOG features a dual-pool model combining FIST and PDOG, including automatic burning and deflation mechanisms: 5% of each transaction is burned, and the pool deflates by approximately 2% daily. Holders with at least 20 million PDOG can receive trading dividends, and referral rewards are set at 3%. The project is the second Meme initiative from the Pangu ecosystem, targeting the BNB Chain. The project team reported that the market cap exceeded $1.5 million within 10 minutes of the launch.
PDOG Meme Project Launched by Pangu Community with 50% Pre-Launch Burn, Market Cap Surpasses $1.5M
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