Introduction
- Overview of Jejudoge:
- Jejudoge is a community-driven cryptocurrency that aims to bridge the world of crypto with real-world utility through apparel and merchandise.
- Mission: To create a decentralized community that expands crypto culture while contributing to charitable causes.
- Vision: Establish Jejudoge as a global brand with strong community ties, blending fashion, philanthropy, and crypto engagement.
- Community Overview: JejuGuardians:
- JejuGuardians are at the heart of Jejudoge's mission. They lead the decentralized governance of the project, making decisions that drive long-term sustainability and growth.
2. The Problem
- Challenges in the Crypto Space:
- Many projects focus on short-term speculation without long-term vision or community-centered development.
- Limited adoption of cryptocurrency for tangible real-world applications.
- Apparel and Crypto Connection:
- Jejudoge aims to merge fashion with crypto through its apparel line, offering real-world value for token holders and creating a sustainable revenue model.
3. The Solution: Jejudoge Ecosystem
- Crypto and Apparel:
- Jejudoge merges crypto with fashion, offering an apparel line that allows token holders to engage with the brand in tangible ways.
- Jejudoge.com serves as the platform for apparel and accessories, tying the merchandise to the token's ecosystem and building long-term engagement.
- Sustainability Focus:
- Proceeds from apparel sales fuel the project's growth, supporting community initiatives, further development, and charitable efforts.
4. Tokenomics
- Jejudoge Token Overview:
- Total Supply: The initial total supply of Jejudoge tokens was 1,000,000,000,000,000 tokens. Since its inception, 340,124,391,849,419 tokens have been burned, leaving a circulating supply of 659,875,608,150,581 tokens.
- Distribution Model:
- Current Circulation: 659,875,608,150,581 tokens are currently in circulation, with efforts underway to further reduce supply through burn mechanisms.
- Liquidity Management: Currently, 34.36% of liquidity is locked, with a goal of maintaining a 50% lock ratio. The project aims to hold a permanent lock of no less than 20%.
- Additional liquidity will be unlocked in phases, with 15% for development, 10% for marketing, and 5% for community building.
- Burn Mechanism: The project is actively working on implementing ongoing token burn mechanisms, with plans to reduce the token supply further in the future.
- Key Features:
- Ethereum ERC20 Token: Jejudoge operates on the Ethereum blockchain with an ERC20 token, offering security and widespread compatibility.
- Deflationary Model: The project is exploring buyback strategies and other tools to enhance the deflationary model, reducing the supply over time.
- Incentives for Holders: Long-term holders will benefit from staking rewards, including dividends from apparel sales and additional perks for loyalty.
5. Growth and Deflation Strategy
- Buyback and Burn Model:
- Jejudoge plans to implement a buyback and burn strategy to decrease circulating supply. A portion of the revenue from apparel sales and other ecosystem activities will be used to buy back and burn tokens to enhance scarcity.
- To offer competitive fees, the project is also exploring the possibility of bridging assets with other blockchains, ensuring that Jejudoge remains competitive in terms of transaction costs despite being based on Ethereum.
- Incentives for Holders:
- The project will set up a staking mechanism to reward long-term holders with dividends from the sale of merchandise. These dividends will be distributed among community members who stake their tokens, encouraging both loyalty and deeper involvement with the ecosystem.
6. Decentralized Governance Model
- Voting System:
- Jejudoge will implement a decentralized governance model where key project decisions are made by the JejuGuardians community. Voting power will be based on token holdings.
- The community will vote on key decisions like partnerships, future developments, and charitable initiatives, ensuring that the community remains the central driver of the project's direction.
- Community Leadership:
- Jejudoge encourages active participation, with roles like ambassadors and community leaders, who will help in proposing new initiatives and leading community events. Active members will be rewarded with exclusive tokens, NFTs, and apparel.
7. Smart Contract Security
- Exploring New Security Measures:
- Due to the original creator's detraction and the community’s lack of access to the original smart contract, the Jejudoge team is actively exploring ways to enhance the security of the project. This includes the potential of launching new smart contracts that will better align with the community’s goals of security, transparency, and integrity.
- By introducing additional contracts, the project aims to solidify its commitment to protecting the interests of the community, ensuring that the well-being of its members remains at the forefront of all decisions.
- Audit Details:
- As part of these enhanced security measures, Jejudoge will continue to seek third-party audits from trusted names like CertiK or Quantstamp. These audits will verify the integrity of any new contracts launched and ensure that the project remains free of vulnerabilities.
- Security Measures:
- In addition to launching new contracts, the team will also implement multi-signature wallets and timelock features to ensure that no single party has control over the project's funds or assets. These measures will safeguard the community from any potential security threats.
- Transparency:
- To further ensure trust within the community, all contracts will be open-source, and regular updates will be provided on the project's progress. This will allow the community to stay informed about any changes or upgrades to the security framework.
8. Conclusion
- Jejudoge is a unique fusion of cryptocurrency, community, and real-world utility through apparel. By prioritizing decentralization, sustainability, and long-term growth, Jejudoge aims to build a strong, engaged community that thrives on collaboration and shared values.
- As the project grows, the community will continue to play a pivotal role in its success, reinforcing the belief that Jejudoge is more than just a cryptocurrency—it’s a movement.
Disclaimer
The information provided in this whitepaper is for informational purposes only and does not constitute financial, investment, legal, or professional advice. The Jejudoge project and its team make no representations or warranties as to the accuracy or completeness of the information contained within this document. Participation in the Jejudoge token and ecosystem involves inherent risks, including but not limited to, market volatility, regulatory uncertainties, and potential loss of funds.
Jejudoge tokens are not intended to constitute securities or any other financial instruments, and this document does not represent an offer to sell or a solicitation to buy any securities in any jurisdiction. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
The Jejudoge project is subject to changes as determined by the community and project team. All forward-looking statements, including but not limited to, future plans, goals, strategies, and timelines, are speculative and subject to risk and uncertainty. The Jejudoge team assumes no liability for any losses or damages that may arise from reliance on the information provided herein.
By participating in the Jejudoge ecosystem, you acknowledge that you fully understand the risks involved and agree that the project and its affiliates are not responsible for any losses incurred.