PolyDoge price
in USDCheck your spelling or try another.
About PolyDoge
Disclosures
PolyDoge risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading PolyDoge. All crypto assets are risky, there are general risks in investing in PolyDoge. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Meme coins
Meme Coins are crypto assets whose value is driven by community sentiment and online trends. Risks linked to Meme coins include:
Market Risk
Cryptocurrency markets are known for their extreme price volatility, with values often experiencing rapid and unpredictable fluctuations.
Market Sentiment Risk
Cryptocurrency prices can be heavily influenced by market sentiment, news, and social media. FUD (fear, uncertainty, doubt) and FOMO (fear of missing out) can drive irrational price movements and create reputational risk.
Market Manipulation Risk
Due to the technological complexity, low volumes and the decentralised nature of cryptocurrencies, there is a risk of market manipulation by some market participants who can influence prices.
Enterprise Risk
There may be a lack of transparency in the construct of certain tokens or no audits performed on any part of the enterprise. Collateral pools, assets or proof of reserves may be opaque or unverifiable. Audit statements could be unreliable if from an untrusted source.
Model of Operation Risk
Cryptocurrencies may use intricate networks or business models that are not fully comprehensible to token holders, resulting in misinformed decisions.
Transparency Risk
Decentralized crypto projects can have founders / foundation / developers who may exert undue influence on the project outcome. These founders / foundation / developers may be anonymous which can lead to an increase in enterprise risk. Disagreements within the Founders / Foundation / Community can lead to events such as forks or dilution which could lead to diminishing the value of previously established assets. Network validators may prioritize their own interests, which may not always align with the overall health or decentralization of the network.
PolyDoge’s price performance
PolyDoge on socials
Guides
PolyDoge FAQ
PolyDoge is a Dogecoin-inspired memecoin project on the Polygon network that rewards holders with NFT and token airdrops. The project also has an ecosystem of dApps and play-to-earn crypto games. POLYDOGE is the name and ticker symbol of PolyDoge's native governance and utility token.
POLYDOGE token holders can participate in project governance, earn liquidity provider incentives, buy PolyDoge Card NFTs, and pay for real-world services. Apart from these, the PolyDoge ecosystem also has play-to-earn games and its flagship digital pet gaming multiverse, Metapetz.
Easily buy POLYDOGE tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the POLYDOGE/USDT trading pair.
You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for POLYDOGE with zero fees and no price slippage by using OKX Convert.
Dive deeper into PolyDoge
PolyDoge is a Dogecoin-inspired meme token built on Polygon. By holding POLYDOGE, participants get access to limited edition non-fungible tokens (NFTs), token airdrops, new blockchain games and app, and a DeFi ecosystem. POLYDOGE is the name and ticker symbol of the native governance and utility token of the PolyDoge ecosystem.
PolyDoge aims to be the top meme coin on Polygon and has airdropped several limited edition NFTs such as Genesis Coin, Dragon's Lair, and Batting For The Moon, among others. On top of that, they partnered with Gains Network to add a decentralized trading platform to their growing ecosystem of decentralized applications (dApps). PolyDoge aims to have the top decentralized leverage trading platform on the Polygon Network.
The PolyDoge ecosystem has also ventured into the play-to-earn (P2E) space with DogeQuake, the first FPS game on the Polygon network where players can earn POLYDOGE tokens by killing other players. Another major game of the PolyDoge ecosystem is MetaPetz, an NFT-based pet gaming multiverse built on Unreal Engine.
If you hold POLYDOGE tokens, you can participate in the governance of PolyDoge via the PolyDoge DAO. In addition, you can earn liquidity provider incentives on DeFi platforms like Polycat Finance and QuickSwap and buy PolyDoge Card NFTs.
POLYDOGE price and tokenomics
POLYDOGE has a maximum supply of 1 quadrillion tokens and was rolled out via a fair launch. The first 20 members of the PolyDoge telegram group were given POLYDOGE tokens via an airdrop. The remaining supply was used to add liquidity.
Initially, PolyDoge burned 13.2 percent of its supply. LP tokens were also burned to reduce supply and boost the price. Additionally, 10 trillion tokens received from PolyDoge Cards NFT sale were also burned. 14.5 percent of the POLYDOGE supply was burned as of October 2021, contributing to POLYDOGE's price and growth.
About the founders
PolyDoge was launched in April 2021. Famous YouTuber and TikToker Bart Baker and popular TV personality Shira Lazar are the advisors of the PolyDoge project. PolyDoge's brand outreach and marketing team includes Jordan Charters and Gerald Smiley, the founder of Chip-in, a fintech company focused on raising money. PolyDoge has partnerships with Quickswap, Polycat Finance, OWL Casino Games, FarmHero, Dogira, and Las Vegas Inferno, Las Vegas' professional esports team.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.