August Medium Update
This is the week we’ve all been waiting for…
Dogira’s future as a company and token has been revealed in glorious, ambitious detail. We would very much like for you to read the White Paper in its entirety, but we know not everyone has the time to sit with it.
The purpose of this Medium post then, is to serve up the major callouts from the Whitepaper and help contextualize why they matter.
Time to dissect this thing…
Understanding Dogira V2
When the V2 token launches, be prepared for some substantial changes to the way the token works.
This new and improved Dogira token will be based on COMPOUND, a DeFi token created to enable lending pools to earn interest on cryptocurrencies. Dogira V1 thrived with meme tokenomics, however with the launch of V2 we’ll be closing the book on the reflections, gamification, and auto-staking features we’ve come to love.
Why?
Dogira V2 is a token devoid of unnecessary complexity and serves as the base staking token for a wider, thriving blockchain gaming ecosystem — more on this in a bit.
Here’s a flyby of the other V2 details that don’t need explaining:
- V2 Tokens will be 1:10 airdropped
- Supply increases to 1 Billion (1000 — -> 10,000)
- No more reflection mechanics (it’s for the projects own good, we promise)
Polygon/Ethereum Bridge
Yes, you read that correctly: We’re bridging V2 with Polygon (MATIC).
With its ability to handle more than 7,000 transactions a second, and substantially lower gas fees, Polygon is the perfect ecosystem for us to begin building our games on. A majority of our games will be built on and for Polygon’s network, however the bridge will allow us to tandem process between Polygon and Ethereum to help players avoid errors and congestion on the Polygon network.
We do not believe that Ethereum in its current state is capable of handling blockchain gaming for the long term, as gas fees are deeply prohibitive to gaming experiences. By forming a bridge between the networks we’ll ensure that the Dogira gaming experience is unmatched.
DOFI (Dogira Finance), and Farming with Dogira
We’ve removed the reflection tokenomics because we’re working to build a decentralized finance ecosystem that allows a Dogira/MATIC staking pair with fixed and zero-commitment contracts.
The changes we’re making with V2 Dogira (and it’s COMPOUND base) will allow us to integrate new tokens into the Dogira ecosystem and reward those who stake their tokens.
Part of being a Dogira holder means that a portion of new token liquidities will be made available to purchase and stake in our Dogira/MATIC pool, for increased rewards (essentially another form of presale for Dogira holders).
As we integrate these new tokens into “DOFI”, we’ll be sure to bring you more information about how they will impact staking, the benefits of staking them, and how these will interact with their respective games.
What Else Do You Need To Know?
Dogira Studios: As mentioned above, we will be developing our own blockchain games, both large and small. We will continue to grow the studio team to accommodate the creation of new groundbreaking projects, allowing for innovation in the industry. Research, design, and development is all underway!
Utility Based NFTs: We will continue to prioritize pushing the bounds of what’s possible with NFTs. We’ve shown the benefits of investment NFTs and we’re committed to pushing the boundaries of how the market sees non-fungible technology.
Staking Bonuses: One of the benefits Dogira holders will see when V2 launches is the ability to stake their Dogira tokens for a chance at exclusive NFTs, or other digital goods as the ecosystem develops.
Feedback Loops: As the team earns value from bringing on new projects and gains “house cuts” from profits, these gains will be reinvested back into Dogira to ensure the value of the token increases over time.
Partnerships: Developing this tech requires a few extra hands, which is why we’re officially announcing working relationships with Vimerco and Chainlink Labs.
Closing
https://dogira.net/DogiraWhitepaperCompressed.pdf
Mary worked very hard to make it visually beautiful, and the contents therein go into far more detail than in this Medium update. Along with more insight into the “Why?” behind our new direction, the report will help you understand the landscape we’re entering into.
Dogira’s future is not only bright, it’s an ambitious venture into carving out its own corner of a still-new industry. For the team it’s not about cashing in on a movement, it’s about being a cornerstone of innovation.
Sometimes it’s difficult for people to understand why we’d want to innovate for reasons other than money but…
It’s a matter of pride for all of us on the Dogira team. We wouldn’t be visionaries if we were looking to make a quick buck. Making incredible games we care about is part of it, permanently shifting the financial model of the industry is the other.
Our mission is to usher in a future where gaming rewards players for their time, while also delivering incredible stories, experiences, and worlds.
It’s a grand vision, but if anyone can pull this off, it’s us. Let’s work together to usher in a new era of blockchain gaming.
We’ll see you in the Telegram or Discord to answer any questions you may have.
-The Dogira Team
