MiniDoge (MINIDOGE) is a cryptocurrency powering MiniPets, a play-to-earn adventure game on the blockchain. The website describes MiniDoge as a meme token seeking to transform into an all-in-one ecosystem. Meme coins are cryptocurrencies influenced by internet jokes and memes. The token primarily encourages players to engage and participate in the thrilling game of MiniPets. The game awards players with MINIDOGE for raising pets and exploring the DOGEWorld.
The NFT game on the platform envisions keeping players involved in various activities like breeding pets, adding unique features to pets, building an animal shelter, and more. MiniPets seeks to reward a player's efforts by handing out the MiniDoge tokens. The unique pets reap more tokens to the players by accomplishing responsibilities promptly, working a job, and conducting regular tasks. MiniPets encourages players to utilize the MiniDoge tokens to purchase upgrades like better food, enhanced attributes, useful skills, and nicer clothes for the pets. The game allows players to earn additional crypto rewards for battling the hurdles in the DOGEWorld.
MINIDOGE intends to encourage players to hold and stake the utility tokens for better profits. For instance, out of 40 percent of the game's revenue, MiniPets reserves 6 percent as reflections on every transaction. MiniDoge employs a reflection mechanism to distribute token rewards while benefitting players with high returns at the same time. Players can contribute to liquidity pools by using the MiniDoge tokens. MiniDoge features autoboost, a distinct function converting MINIDOGE into Binance coins (BNB) to add liquidity. Also, the token features a buyback on every successful trade. This implies that 100 percent of the buyback tokens are burned and eliminated right away. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase the market value which reveals the deflationary feature of the platform.
The MINIDOGE token pairs with Treasure to launch DogeEx, a decentralized exchange (DEX) allowing seamless trading of DOGE tokens. Although Treasure functions as a reward token for DogeEx, Treasure is a utility token providing users the needed voting rights in MiniDoge DAO.
