Today for the Token Review column, we will analyze a Meme Coin: AIDoge
As has been said many times, MemeCoins, do not have any kind of solidity, so this Token Review has mainly an "educational" purpose in order to give you some useful tools to evaluate a project.
The site is very well maintained with an attractive cover
The purpose of Meme is the creation of Memes, precisely, through artificial intelligence; based on credits (tokens) purchased and received through staking.
Then they can be voted by the community and there is also the creation of NFTs.
In contrast to most meme coins in this one we can find the white paper, with in-depth explanation of token characteristics and tokenomics.
At the moment the meme creation platform is not active, by all means, there is a preview on the site showing what it will actually look like. According to the road map, it should be activated soon.
Based on user input, artificial intelligence goes to great lengths to be able to create a unique and utterly funny meme in a negligible amount of time-something that humans would not be able to do.
As with all the projects we have analyzed, sustenance is provided by staking, represented by a pool of liquidity, which the system uses to create profits through DeFi's Automated Maker Market.
Simply enter Aidoge in coinmarketcap's search bar to see which exchanges the trading pairs were placed on:
This fully reiterates in concept that we talk about staking in a totally improper way. In reality we provide liquidity for the system to be able to sustain itself.
Tokenomics
In the White Paper we find the pie chart where the allocation percentages are defined.
- 50% In Presale
The remaining 50% is divided into 4 parts of 12.5% each, with the following allocations:
- 12.5 10 Year Vest;
- 12.5 Vested Reserve;
- 12.5 Community Rewards;
- 12.5 Liquidity and Listings
Airdrop
Icing on the cake, we also have a very substantial airdrop of 50,000,000,000 tokens that will be distributed in proportion to tokens held and how many reflinks brought in new buyers.
Road Map
These are the milestones the project has set for itself; therefore, we need to wait until at least the 1st quarter of 2024 before we can start creating memes with artificial intelligence.
Conclusions.
As you can guess, the project is affected by not insignificant technical defections, despite the fact that the trading pairs used for the AMM use rather solid tokens (WETH and BNB) a sudden drop in the market, would lead to a really untenable situation.
That's all for today, see you next Token Review!