Summary, History and Status of DOGE ARMY

Summary, History and Status of DOGE ARMY

Summary, History and Status of DOGE ARMY

...and what to do with it?

NFTs

·

11 min

Summary, History and Status of DOGE ARMY

...and what to do with it?

NFTs

·

11 min

Summary, History and Status of DOGE ARMY

...and what to do with it?

NFTs

·

11 min

Summary, History and Status of DOGE ARMY

...and what to do with it?

NFTs

·

11 min

TL;DR: With a new update or NFT collection being released almost every day, it’s clear the crypto ecosystem is constantly evolving. DOGE ARMY is one of the NFT collections paving the road to the digital universe — but it’s just the beginning. Knowing what brought it here and why it was created will lead you to make better decisions when investing or simply interacting with DOGE ARMY.

In this article, we’re gonna dive into the DOGE ARMY lore, answer all the DOGE ARMY related questions and even more. Prepare yourself for a fantasy story and a journey to the future of DOGE ARMY!

What is DOGE ARMY?

DOGE ARMY is an NFT collection of 10,000 Shiba-themed ward dogs that live on the Ethereum blockchain.

The roots of DOGE ARMY trace back to the creation of Shiba Inu (SHIB) and the dog coins that followed. In short, Dogecoin and Shiba Inu community have always been at odds.

The Dogecoin camp says DOGE is hands down the OG, while Shiba Inu army firmly believes they are the top dogs.

Enter DOGE ARMY, an NFT collection that brings together both factions into a war against a common enemy – the metaverse overlords.

Imagine this, it’s the year 2042, and our technocratic vision of the future has expanded beyond anybody's wildest imagination. Society has rapidly evolved, technology has advanced at staggering rates, and most of the population is slaved away.

Humanity's fate hangs precariously in the balance, relying solely on two diminutive factions, the Doge Army and Shiba Army, the last stalwart resistances against the iron grip of the oppressive United Diplomacy Federation and their malevolent leader, Acheron.

Scant in numbers and almost bereft of resources, these valiant factions have scraped together a series of tactical victories over the years, preserving the embers of their cause. Yet, the hourglass is rapidly emptying, and unless they reconcile their long-standing enmity and unite, doom is all but certain.

You too can be part of the part of the resistance by holding 1/10,000 DOGE ARMY NFTs.

Owning an NFT is different than screenshotting a JPEG - just like holding an original Rembrandt is more valuable than owning a replica. As their name suggests, NFTs are non-fungible by design. This is different from digital tokens like Bitcoin and Ethereum.

Fungible assets can be exchanged for another asset of the same type, much like BTC, ETH, or even fiat. NFTs, on the other hand, are unique assets where their ownership details are documented on the blockchain, ensuring digital scarcity and unique attributes for each asset.

But how exactly is digital scarcity being enforced?

The concept of NFTs first emerged in 2012 with the creation of Colored Coins, which could be used to represent real-world assets on the blockchain. However, Colored Coins only worked in a permitted environment, making it more similar to a database than anything else.

As the crypto industry became more popular, people have continued to experiment with the idea of a digitally scarce asset. This led to the creation of ERC-721 and ERC-1155.

The ERC-721 standard is like a set of rules for making NFTs. These actions help in making special tokens with their unique information, making them different from one another.

Behind the scenes, ERC-721 smart contracts keep a list of who owns which token, making it safe to pass tokens from one person to another. The contract also keeps count of how many tokens there are altogether and how many each person has.

As previously mentioned, DOGE ARMY NFTs are secured by the Ethereum blockchain. Ownership and transaction history are publicly visible on the Ethereum blockchain along with other important info such as the NFT's metadata.

Understanding how to access an NFT's metadata is essential for holders to grasp the specifics of what they're buying.

Metadata usually includes visual attributes like color, type, wearables, and so on. On the blockchain, it looks something like this:

DOGE ARMY have their own set of traits that make up their uniqueness. These are background, eyes, fur, headgear, mouth, outfit, rank, special ops, weapon back, and weapon front.

Some traits are rarer than others, which makes a specific NFT stand out from the rest. For example, only 71 NFTs with nuke triggers exist.

On top of that, Doge Army is classified as:

Privates (8,340 soldiers)

Sergeants (1,000 soldiers)

Captains (500 soldiers)

Generals (150 soldiers)

1 of 1's (10 soldiers)

The DOGE ARMY NFT collection has been manually drawn. This means that out of the potential combinations, only 10,000 DOGE ARMY NFTs will ever exist!

This collection is followed by a second series named SHIBA ARMY. Just like DOGE ARMY, there will only be 10,000 hand-drawn NFTs.

Future plans include a breeding system between the two NFT collections. This third collection, called ShibaDoge Army NFT, is expected to bring new utility for the NFT holders.

What is the utility of DOGE ARMY?

DOGE ARMY makes for an awesome avatar pic, but it’s also your ticket to the ShibaDoge ecosystem.

DOGE ARMY NFTs present diverse functionalities, including the option to deploy them for daily $SHIBDOGE & burn token earnings. The rewards you receive are determined by the quantity and ranking of the deployed NFTs.

$SHIBDOGE is the native token for the ShibaDoge ecosystem. Its main utility is to reward holders and grow the project.

The tokenomics of SHIBDOGE mention a finite token supply. The total $SHIBDOGE supply is 820 sextillion. Half of it was burned as soon as the project launched.

The tokenomics for ShibaDoge also contains anti-whale protections by limiting an individual max wallet to 1%, meaning no single wallet can control a majority of the supply of the token.

As the DOGE ARMY brand expands, NFT holders will be able to continually earn rewards. Whether you are hodling for a season or longer, the DOGE ARMY ecosystem continues to explore new ways of keeping holders engaged.

Creators have hinted that the third generation of NFTs will be available exclusively to the holders of the previous generations of NFTs. These NFTs will offer exclusive access to various rewarded activities within the ecosystem and project governance.

Who created DOGE ARMY?

DOGE ARMY was created in 2021 by an anonymous creator who goes under the name Peter.

Little is known about Peter, except that he’s been in the crypto space before 2017. Before the making of DOGE ARMY, Peter had witnessed two major events.

One of them was the build-up of the Dogecoin community.

Enveloped in forums and subreddits, Peter was awe-struck witnessing the metamorphosis of the Dogecoin community. He was taken aback by the collective effort, the decentralized governance, and the camaraderie forged within. He sought to support and embrace this new-found family, not envisioning the monumental impact it would have on his life.

Years went by, and Dogecoin evolved into a colossal phenomenon, carving a market presence worth billions. Peter's involvement was a miscalculated step, not for monetary gain, but as an act of kinship and resonance with the community. Gradually, his lifestyle improved, allowing room for finer indulgences while he remained deeply connected to his frugal roots.

Then came Shiba Inu aka the "Dogecoin Killer." Intrigued by the upheaval it brought, Peter ventured into it and, quite serendipitously, found himself holding an asset that further strengthened his belief in cryptocurrencies.

Peter realized the amazing strength found within a community. Despite his personal successes, he noticed a troubling fight between two groups that used to be friendly. This troubled him. So, Peter decided to bring these communities together instead of having them fight. He wasn't in this for money but to make a place where people could get along, support each other, and have the same dreams.

He loved the way people could work together and wanted to make a place where everyone could be friends. His goal was to bring people closer instead of having them argue.

The idea behind DOGE ARMY was to make a community built on friendship. He wasn't looking for money but for people to come together and work together. And that’s exactly what happened!

People from both the Dogecoin and Shiba Inu “armies” converged and by Christmas, $SHIBDOGE went live.

Wait, wasn’t all this about an NFT???

The initial launch was a token. Less than a week after the launch, more than 2600 people were holding $SHIBDOGE. Within 72 hours, they saw a whopping $50M market cap.

In hindsight, this token sale was a successful way to bootstrap a community for future developments.

In January 2022, the Doge Army NFT project was announced.

The team aimed to create an expansive ecosystem that added value to their community. They were thrilled about the staking component of the NFTs, which was designed to provide extra $SHIBDOGE tokens to those who owned them. Differing from other NFT projects, they connected their token holders with the NFTs to offer tangible rewards from day one.

They envisioned that NFT holders could earn more rewards by staking their NFTs, either by trading those tokens for Ethereum or by holding them to earn more rewards through their token reflections. Additionally, they planned to provide benefits to NFT holders, such as exclusive virtual events and early access to future NFT drops.

The sale for Doge Army NFTs was available on their mint site for 0.15 ETH per NFT. Their whitelist of 2,000 mints was sold in less than 48 hours. 

Over the following months, Doge Army NFTs were trading slightly above their floor price. As of 2023, the cheapest Doge Army NFT goes for around 0.024 ETH.

Who is developing DOGE ARMY now?

DOGE ARMY is being maintained by volunteers from the ShibDoge community.

Although Peter is the creator, he relinquishes the role of a leader and instead encourages new members to get involved.

In the emergence of ShibDoge, the team, guided by Peter, introduced a set of initiatives designed to frame their direction. These guidelines were not intended as a strict roadmap but rather served as guiding principles for the journey ahead:

Contract Renouncement: At some point in the future, the plan was to renounce the smart contract, signalling the cessation of further changes and constraining innovation within the existing framework.

Hyper-Deflationary Tokenomics Adjustment: The existing tokenomics, including a 5% tax directed to the marketing wallet, aimed to reward holders through scarcity, reflections, and liquidity support. But there was a future plan to convert the marketing fee to the burn wallet. This move would considerably reduce the token supply over time, intensifying the scarcity of each token in circulation.

888-Year Liquidity Lock: The liquidity pool was scheduled to remain locked for 888 years, ensuring long-term security for the community across generations.

Unity DAO: The team intended to establish a DAO, allowing the community to self-govern, emphasizing decentralization and decision-making through token ownership. This governance model would extend beyond the ShibaDoge project, encompassing broader community goals. Open Source Protocols: Their vision was to empower the community through open-source technology, enabling developers and creators to contribute to the project's mission.

Investors are also an important component of every NFT ecosystem. Although they don’t get involved directly in the governance of the project, they do exert an influence over the brand’s expansion into the mainstream. As of 2023, ShibDoge is funded from its $SHIBTOKEN treasury.

How does DOGE ARMY make money?

Now, let’s get to the juicy part – how does DOGE ARMY make money?💰 (No, flipping and rug pulling are not the correct answers)

The answer to this question is strongly related to intellectual property.

Think of popular trademarks such as Mickey Mouse, Spider-Man, or Coca-Cola. Every time you see movies, books merch, or posters with them, know that the owners of the IP get a share of the profits. The same thing goes for NFT holders, in theory.

When it comes to NFTs, it’s quite challenging to fit them into the traditional framework of copyright law. To give more context, owning an NFT doesn’t mean holders have automatic control over the creative work. This creative control needs to be granted by the creator.

As such, NFT holders should pay attention to what IP rights, if any, come with owning the NFT. Peter, the creator of DOGE ARMY, has authorized the use of the IP of any individual's owned skulls. This means NFT holders have full commercial rights to the art in their owned wallets. There are no monetary limits on earnings on merchandise, derivatives or other commercial uses.

Another way of generating revenue is via royalties. As of 2023, DOGE ARMY earns 7.5% in royalties from every NFT sale. This funding helps build new initiatives for the project and pays volunteers.

The main source of revenue for the DOGE ARMY community comes from the $SHIBDOGE token.

ShibaDoge's Tokenomics are structured to benefit holders and foster the project by incorporating a buy and sell tax on each transaction. The model, known as 5 by 5 by 5, allocates 15% of every transaction among the liquidity pool, holders, and marketing wallet equally.

Where can I buy DOGE ARMY?

You can buy DOGE ARMY on OpenSea.

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