Voodoo Token is the meme within the ecosystem. It’s presented as a funny mascot looking like a voodoo doll. You will find him on several memes, fan arts, and merchandise. But that is just the mascot; let’s focus on the token it self. Voodoo token is a decentralized P2P digital currency built on the Pulsechain blockchain, serving as the main token within the Voodoo ecosystem. This page highlights the key aspects of the features of Voodoo Token and the basics of the ecosystem.
Attention! For a full detailed explanation of the Voodoo ecosystem, we recommend reading the whitepaper.
Introduction
Voodoo Token stands right in the middle between the MAGIC Reward Token and the POISON Reward Token, acting like a bridge between the two tokens. People need Voodoo Token to earn staking rewards in the MAGIC Reward Token and POISON Reward Token. Let’s take a closer look at how Voodoo Token works and in what decentralized applications you can use the tokens to earn passive income.
Voodoo Token works on a simple but well-designed token contract that especially focused on safety and simplicity. The token contract consists of no more than 10 rules, and there aren’t any extra features or mechanisms integrated. This to ensure it’s extra safe. By creating a token contract like this, Any attacks, bugs, or other security problems are minimized.
Token Details
• Token Name: Voodoo Token
• Token Symbol: VDO
• Total Supply: 21,000,000 VDO
• Circulating Supply: 19,950,000 VDO
• Decimals: 18
The token address below is from the Voodoo Token. Note that it does not refer to your personal wallet address!
0x1c5f8e8E84AcC71650F7a627cfA5B24B80f44f00
VoodooGroup
VoodooGroup is an external and decentralized part of the Voodoo ecosystem (Decentralized autonomous organization), set up to ensure and analyze the smooth functioning and growth of the project. It uses Voodoo Token as reserve currency to fund decentralized applications ( Staking, Gambling, Voodoo Bank ect.) So, in case a smart contract needs to be (re)filled with Voodoo Tokens, it is the responsibility of VoodooGroup to do that. Want to learn more about VoodooGroup? Check this page
Use Cases of the Voodoo Token
1.Passive Income: The Voodoo token serves as a utility token on the staking platform and the Voodoo Bank.
2.Utility Token: The Voodoo token acts as a utility token on the gambling platform, allowing users to gamble with it.
3.GameFi: Earn Voodoo Token rewards on the wheel of fortune. A crypto game where users can spin on a wheel and earn rewards
future use cases are:
2. Crypto payments: Voodoo will get integrated into an e-commerce webshop that offers a variety of products. Users will get the possibility to buy these products with Voodoo tokens.
3. Liquidity mining: By using your Voodoo tokens on a liquidity miner, you contribute to liquidity pools which make the Voodoo price more stable, and for that, you earn rewards.
Voodoo’s role across different decentralized applications
Gambling Application
The Voodoo token functions as a utility token on the gambling platform, allowing users to gamble with it.
Tokenomics
Liquidity Pool –30%
Around 30% (6.300.000 tokens) will be used as liquidity across multiple pools. This ensures easy trading and stability within different markets.
Holders Redistribution –50%
VoodooGroup uses 50% (10,500,000 tokens) as a reserve fund for all decentralized applications within the voodoo ecosystem to reward all De-Fi users. The tokens are stored in multiple wallets.
Burn events -5%
Already 5% (1,050,000 tokens) have been burned by VoodooGroup and will remain permanently stored in this burn address. The token burn removes the tokens from the circulation, creating scarcity and potentially increasing the value of the remaining 19,950,000 tokens.
Marketing & Buyback -15%
VoodooGroup allocates 15% (3,150,000 tokens). for marketing, buyback, and growth. This benefits our community and investors, driving adoption and long-term success.
The total supply of Voodoo tokens will be fixed at 21,000,000 ensuring scarcity and value appreciation over time. This controlled supply creates a sense of exclusivity and rarity that can contribute to the token’s long-term value.
Future Developments for Voodoo
Behind the scenes, VoodooGroup is working on a user-friendly crypto wallet called Voodoo Wallet, where you can securely store Voodoo Tokens on your own phone. With easy access and security features, managing your tokens will be very easy. This wallet also includes a cross-chain swap, sending money requests, and storage for NFTs that are bought in the Voodoo fiat-on-ramp crypto shop. As you might have read in the whitepaper, VoodooGroup is also continuously developing new decentralized applications to keep attracting new users to the Voodoo ecosystem.
Conclusion
Voodoo Token is not just a meme coin. No, The token contract is designed for safety and simplicity to boost security and it acts as a bridge between the MAGIC Reward Token and POISON Reward Token within the staking platform. Furthermore, transactions are lightning fast, cheap and ecofriendly because of PulseChain. So in short, Voodoo Token serves as a DeFi, utility, and reserve currency within the ecosystem, making it a meme token with a strong use case. Get ready for mass adoption!
Disclaimer: Due to the inherent flexibility and volatility of cryptocurrency liquidity pools, the percentages and figures presented may not always be accurate or up-to-date. Please be aware that variations in market conditions and liquidity can affect these values.
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