DogeBonk Crypto & StealthEX AMA Recap – All You Need to Know
On January 24, 2022, we had StealthEX & DogeBonk crypto AMA Session in our Telegram Community Chat and here is a recap. Just take a little time to read through and learn everything you need about the DogeBonk coin. Let’s start!
Today we are excited to be joined by GhostBro (@Gh0stbr0), a Marketing Lead of DogeBonk.
As usual, we will fire off with a round of Twitter questions with the chat being turned off. After that is finished we will proceed to the round of the live questions, where the chat will be turned back on and you will have the possibility to ask away.
Questions from Twitter
Q1: What do you think of the future of crypto, especially meme coins, now that 1/10 people are invested; and for people listening who may not know what $DOBO is, or are new to crypto, can you explain the concept behind bonking, clown world, and what role DogeBonk has to play in that?
Ghostbro: Big first question, I’ll try answering it in parts!
To your first part: I really think crypto is just getting started. Although price action in recent months has not been great, millions of people are now familiar with, regularly trade or hold cryptocurrencies, and use cryptocurrency-based services such as DeFi, NFTs, or P2E games.
More developers continue entering the space and the sector is flush with VC money that is (on good projects) locked up for years. That capital isn’t going to go away, even in a major downturn – people aren’t going to move their stables (relatively) safely earning 5-20% to fiat systems earning 0.1% without significant regulatory upheaval and too many people now believe in the Bitcoin meme for it to ever truly die.
What I think we will see over the coming years is the emergence of real use cases for crypto and services that are more accessible to regular consumers and new forms of assets and organisations that are enabled through blockchain technology and modern communication applications.
For those who are new to DogeBonk (ticker: $DOBO): it is a SafeMoon-style reflection token on the BinanceSmartChain with a 10% transaction tax. 5% of the tax is sent to the her-growing liquidity pool and 5% is sent to holders. 40% of the total tokens are in the burn wallet, meaning a significant proportion of tokens are taken out of circulation with every transaction. The Liquidity is locked, meaning you cannot get hard-rugged, and contract is renounced, meaning the Dev cannot suddenly change the transaction tax like some other memecoins do. Due to the fact that it launched in May and was sold off and forgotten about means that there are no whales with more than 1.5% of the supply. As memecoins go, it is one of the safest you can invest in – no one can run off with your coins.
There are dozens of coins with this tokenomic model, what really defines DogeBonk is our memes and our community. I don’t mean to sound arrogant, but I genuinely think that no-one has a better brand identity memecoins-wise than Dogebonk other than possibly Doge. Our memes are versatile, hilarious and numerous. Don’t believe me? Check out our meme archive webonk.in, we have 1000s of memes for almost any situation and in a ‘memecoin market’, never underestimate the importance of having actual memes to really spread your idea.
Our community is largely derived from crypto-investors for whom this is the first memecoin they have bought – most are traditionally crypto ‘value’ investors who were utterly baffled by the rise of SHIB – a coin with no real utility, which reached a valuation of tens of billions of dollars off the back of a few tweets from Elon Musk about his new dog. This bizarre state of affairs, along with the huge rise in the stock market during a global pandemic and the unaffordability of housing for young people is something we define as Clown World, where the most ridiculous outcome – e.g. a random token on the Binance becoming a coin valued in the billions, is not that hard to believe, and is certainly possible to make reality. ‘Bonking’ is how we do this, its the act of furthering this reality – it could mean making a meme, it could mean making a reddit post or it could be contributing to our NFT platform. As a community, we truly believe that WE are ALL the Marketing Team and that in order to succeed, we must all bonk. Don’t underestimate the importance of this – look at our Twitter profile or Telegram channel and you might think us quite small, but our numbers, unlike almost all other memecoins, is completely unbuttoned, our community is real and dedicated. Just join the DogeBonk Community (Dogebonk_community) on telegram and just see the number of messages you get there compared to another TG with 3x as many members. We are dedicated, determined and extremely funny.
Q2: #DogeBonk has got #memetools, the only memecoin price aggregator with an accompanying social space, and will soon also have an NFT marketplace. What could possibly come next in terms of $DOBO utility?
Ghostbro: Since the potential for these projects to give utility to Dogebonk is so massive, I think I will talk more about these projects and how they will help 🙂
Memetools and our NFT marketplace are going to add a huge amount of utility for DOBO. For those who don’t know, MemeTools.app is a listing site and investing group for new memecoins. This solves a huge problem for both memecoin dev teams and potential investors – before CMC and CG listing, most memecoins have no place where there coin can be listed and few places they can really shill their coin without getting censored. For investors, it can be very difficult to both find new memecoins and to know whether that coin is a potential scam or likely to fail.
For just $100, which is used either to burn $DOBO or used by the DogeBonk team for marketing or exchange funds, a memecoin from almost any blockchain can be listed on the platform and gain the right to promote their coin in the memetools telegram group. Using the soon available tools on memetools v2, potential investors will have access to a whole new set of tools which allow them to DYOR on the Memecoins listed on the platform. This not only helps with burns or with DogeBonk’s bottom line, but also is starting to make DOBO the Flagship memecoin community.
Our NFT platform is likely to create a huge amount of utility for $DOBO and I am super excited for it. Without giving too much away, our goal is to cultivate a “look and feel” more similar to a social media platform than an NFT marketplace, so those NFTs with the most ‘memetic potential’ are more actively promoted. Minting fees will be in $DOBO and the option to pay, or receive payment in $DOBO will be available. This will give holders a chance to use their DOBO for payments and for artists to grow their DOBO stack if they wish. As well as actually creating a utility use case for the token, the 10% burn means all transactions in DOBO will add to the liquidity pool and the burn address, continuously raising the price flow.
Q3: What was the thought process behind the first DOBO billboard that was put up and how do you think it has changed the landscape of generalizing it as a solid marketing strategy? I don’t remember having heard of anything like that being done by #cryptocurrency before
Ghostbro: The first billboard, as with many of our billboards and marketing ideas, was an idea from and paid for by a community member that the whole community ran with. We just thought it would be hilarious to have our silly little memecoin in the lights of NYC as a way for us to say to the world ‘we might not have the support of Elon Musk, or a huge marketing wallet being fed by reflections or printed tokens to dump on holders, but we are still here, we are in Times Square and we are coming.
Since then it has solidified as a strategy for several reasons. Firstly our community loves them, and it’s great for giving people a chance to be involved creatively. Most importantly though, and what I often need to tell people, is that it is Not About The Billboard, it’s about the Impressions. A billboard gives us a new story, something new to share with the world, sometimes with a news article, sometimes through Reddit, or sometimes through Twitter. A good, well-placed billboard can gain you thousands of impressions online through tweets, Reddit posts, or news articles, as can be seen from our recent billboard outside of the Hawthorne Space X factor which was reported on by the Daily Express, a UK newspaper with huge circulation.
Q4: What has been the most satisfying and the most frustrating part of #DogeBonk marketing so far?
Ghostbro: The most satisfying part of marketing is when the whole community comes together and works as a single unit to really bonk reality. When we beat DogeCoin and Elon Musk to space on the 20th December (#SorryElon), we trended on Twitter for four days I believe. I’ve never been so proud to be part of any team as in that moment. I also love that so many people are so hugely proactive. We have community members who every day donate their time to running the subreddit, running our official channels on Tiktok, Instagram, Facebook as well as making relevant and hilarious video memes for people to use.
Most frustrating has probably been how positive marketing news has not led to a sustained increase in price due to the current market conditions. Personally, I am more focused on growing wallet counts, SEO, and awareness of DogeBonk than on the current price, as I am aiming much higher than getting a 2x or a 10x from this coin and want it primed and ready for the next memecoin season, but I don’t like seeing community members upset and panicking over their paper losses
Q5: Which DogeBonk meme so far is your favorite, if you can or have to name a single one?
Ghostbro: OMG there are so many to choose from!
StealthEX: You can certainly share several of them!
Ghostbro: This is probably my favourite meme that brings me a lot of joy.
I can just imagine Elon in his office, hearing that hes been beaten by a Srappy Little Dog with a Bat and a weather balloon into space. It hilariously shows what an underdog we are.
I also love this meme, because it was the first DogeBonk meme I made and I still see it shared around by people every day. Very proud 🙂
Q6: What is “clown world”, and why is dogebonk significant in railing against it?
Ghostbro: Clown World is a term used to define this bizarre economic situation we find ourselves in currently. We are in the middle of a pandemic, and yet, up until recently, the stock market has been on a tear. We are told by our elders to work and save for a house, yet the price of housing rises so quickly that it is almost impossible to imagine buying your own house through simply saving (at least in many places where Bonkers live). We are told to invest in good projects run by solid development teams, and then a memecoin called Shib, with no memes, becomes one of the most valuable crypto assets in the world. Clown world is all the stuff going on that doesn’t make sense. Buying DogeBonk is an acceptance that clown world is some kind of reality and that instead of getting angry about these things, we accept it and do something about it!
DogeBonk is a sort of anti-venom to this ridiculous age. We are able to choose and use our own asset, which we can buy at fair prices (unlike most shares which are only available to buy at IPO after VC and Seed Investors have made huge profits), and raise the price ourselves through community action. We can show the ridiculous scammy nature of many memecoins and other projects through making safe memecoin contracts the standard, and can just in general lampoon everything that is going on through our memes.
Q7: If you are a #DogeBonk holder what is the best way to contribute for the development and exposure of this project?
Ghostbro: Wen FartsInAJarCoin? In terms of contributing, there are many, many different ways. You can of course do the regularly standard things most communities ask for – positive ratings on CG, CMC, and Crypto.com but bonkers contribute at a way higher level than this.
You can make a meme using our meme generator- app.dogebonk.com and share it in our TG community, in r/DogeBonk on Twitter, or anywhere else that might work.
You can set up an account on Twitter and help us give the people there awareness. It could even be as simple as posting a DOBO meme on the right subreddit.
But there are other ways to help, if a community member has an idea that they have the time and energy to run with, we are more than happy to support them in making that reality, but it of course needs some commitment from someone to make it happen.
Q8: Have you considered some kind of community voting system for proposing and then choosing the next stunt/project to pursue?
Ghostbro: It isn’t something we currently have in the works but it is certainly an idea that has merit. There are of course complexities in making this fair and open and it would require a community member to volunteer funding to the community in order to do it at this time as well as potentially requiring some sort of governance contract, but it is certainly something to consider as there are many ideas the community has which would be great to enact.
The most important thing to consider is ensuring that any project that is done has someone on the team who can really drive and dedicate the time to making it reality – we are all the marketing team and any project we do needs to have contributions from the community. These are the projects that get priority – those with the manpower and interest behind them.
Q9: Are you a marmite enjoyer or a hater? No fence-sitting on this question, we want the FULL truth.
Ghostbro: I love marmite almost as much as I love billboards.
pro-tip: Use a very small amount of marmite on top of a cheese toastie and let it melt under the grill, cheesiness is 10x.
StealthEX: Now we proceed to the live section of the AMA where we will turn the chat back on for a couple of minutes to give everyone a chance to ask their own questions
Q1: I saw that the DOBO smart contract charges a 5% tax for transfers. What is the main purpose you have for charging this relatively high fee? How does this benefit holders?
Ghostbro: It’s 10%. 5% gets redistributed to holders, meaning you gain passive income by holding and 5% goes to the liquidity pool. This means less volatility in the price over time. Additionally, the 10% tax on buys and sells makes swing trading less öucrative as you need to make a minimum 20% just to break even, meaning holding is incentivized.
Q2: How secure is the DogeBonk contract code from malicious attack? Also, are the platform for both institutions and retail investors?
Ghostbro: We are a fork of SafeMoon – so if you consider Safemoon as a safe contract, you can also consider the same for DOBO. As memecoins are largely a retail market, that’s who the memetools website is aimed at.
Q3: How many farming pools are currently there on the platform? If You want to suggest a newbie for highest APR, which pool You will suggest him?
Ghostbro: There are no farming pools, the token automatically gives you more DOBO tokens just by holding due to the transaction tax.
Q4: Can you explain in what ways #DOBO has become a leading memecoin community? And what has DOBO provided to all meme users?
Ghostbro: Please look at memetools.app. We are offering a service for memecoin investors by making a hub where they can look for newly listed memecoins and do their own research. DogeBonk creates this environment for memecoins and also presents a good standard towards which memecoins are held – safe contracts locked liquidity and dank memes.
Q5: Are you planning to promote your project in countries/regions where English is not good? Do you have a local community for them to better understand your project?
Ghostbro: Our main focus at the moment is in English-Speaking markets. We think there is currently still a huge amount of room to grow in this area and we already want footholds in non-English speaking countries before we open up to completely new communities and cultures.
Q6: What assurances besides being here can you share with us that makes this a safe investment ie. Audits, liquidity locked, etc.?
Ghostbro: Haha please read the AMA, or go check the website for our Audit with solidity.
Q7: Can you please introduce the team behind #dogebonk as well? And do they have enough experience in Blockchain
Ghostbro: I can’t introduce the team to you formally because we are not doxxed :). As mentioned a few times, the DOBO contract is 100% safe, a rug pull isn’t possible and the contract is renounced, meaning no more development on it can occur. This means that from a safety perspective, there is zero reasons to doxx. I am just an early holder who took on more and more responsibility for the coin, I was not involved in the making of the coin and certainly not in any presale so it makes little sense to reveal my identity online and put my personal and financial safety at risk. In terms of skillsets, we have blockchain developers, people capable of making an entire NFT platform, incredible graphic designers, social media workers, and the best community managers in the field.
Q8: If I wants to get Started with DogeBonk than What are the various wallets I should have?
Ghostbro: You’ll need either Metamask, Trust wallet, Binance wallet, or another wallet that supports BSC.
Q9: Exactly which strategy does $DOBO use to prevent your token from suffering inflation? How do you prevent the loss of value of your currency?
Ghostbro: We have deflationary tokenomics with our10% transaction tax which also reduces the incentive for swing trading 🙂
Q10: Many new projects made a good impression at first but were suddenly abandoned. How will you manage the project and token to gain a place in the market and become a best token in the blockchain world?
Ghostbro: DogeBonk has been active as a community now for 3 months and has not stopped just because of this downturn. We have major development goals coming up with memetools v2 (which already has a revenue stream) and our NFT platform, which will be incredibly bullish in its use of DOBO.
Q11: Where can I buy your tokens right now what is your current contract and how can I buy them??” Will you have any other DeFI feature like staking, yield farm or NFT in the future?
Ghostbro: 0xae2df9f730c54400934c06a17462c41c08a06ed8 is our contract. You can buy on the BSC network on Pancake Swap. Staking and yield farming doesn’t make sense with a reflection token which already gains passive income, but as mentioned, we do have an NFT platform coming up.
Q12: Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.
1. A Memecoin with actual memes is attractive to many investors, and often makes them more likely to hold.
2. We do whacky stunts, such as beating Elon Musk’s Doge-1 flight into space.
3. We are incredibly active on Twitter.
4. Our NFT Marketplace and Memetools.app are also great marketing tools as they will give us access to crypto users who may not immediately be interested in DogeBonk until they use our platform.
Q13: I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, does you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build?
Ghostbro: The contract is renounced and safe and is ausited by Solidity Finance, so this is not currently needed.
Q14: Token Burn or BuyBack program play an important role in increasing Token value Do you have a token burn or buyback program plan to attract investors?
Ghostbro: No need since it happens automatically 🙂
Q15: Where I can get the latest updates or more information about the project?
Ghostbro: t.dogebonk_community is where most of the action happens, we also have an announcement channel connected to it. Our twitter: @dogebonk_token is also a great place to pick up the important news.
Q16: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
Ghostbro: DOBO is not a governance token so this is currently not possible.
Q17: IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
Ghostbro: It is open for all.
Q18: Most of users are still not aware with Blockchain & its related projects ! So, How Your Project platform create awareness about their project with NON-CRYPTO users too?
Ghostbro: We have been featured in articles by The Daily Express and The Independent in the UK. Both news outlets have a huge amount of exposure to non-crypto investors who are becoming more interested in the sector. Our meme also allows us to reach a huge number of people who might be interested in crypto but haven’t yet got in. e.g., we had a filter trending on TikTok and also have one for Instagram and Snapchat and we recently won the Reddit r/memes Meme of the Year competition. We are currently working hard to improve our SEO so that we become completely associated with the Bonk meme.
Q19: Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration ?
Ghostbro: We are always open to community ideas if they are well-thought-out and we think it is worth the time and effort to be spent on it. Most important is having someone willing to champion and drive that idea.
Q20: Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
Ghostbro: Yes I believe NFTs are going to be a very important asset in the future, not just for Art and awesome memes. Our platform should be versatile enough to deal with the additional use-cases being developed for NFTs so I am very excited for it!
Q21: Can you share some Details about Recent Major Achievements done by your project? Also, what are the Future Roadmap & Targets of your project?
Ghostbro: DogeBonk blog is where you will find up-to-date information on all our achievements. In the past few weeks we have launched the memetools community, continued working on our NFT platform, listed on four exchanges, and were featured in multiple news outlets just two weeks ago. We don’t have a roadmap which we share with the community however, this is not because we are not developing anything, but because we have seen MANY memecoins straight up LIE about their roadmap which never gets completed.
We would rather deliver utility when we know we can promise it, rather than stringing along with investors by promising things. Additionally, what we are working on are industry-changing ideas which we don’t just want to unveil and have a competitor copy. Look at our track record and think to yourself, do you think this team doesn’t have anything new planned? With DogeBonk, you could have something awesome dropped with no announcements of announcements at all!
Q22: In my opinion, the most important question for the community and investor alike. How can you ensure people about $DOBO’s stability in the long run, especially with the market’s day by day growing cut throat competition?
Ghostbro: Go check our TG and see how active it is, or search Dogebonk on Twitter. This community is not going anywhere.
Q23: I really want to know, what are the weaknesses, limitations that DogeBonk faces? Do you think you have an obstacle in development? I think that’s good to know!
Ghostbro: Our renounced contract of course makes it tricky to develop the coin itself, which is why we are instead growing an ecosystem AROUND the coin instead, with memetools making us a thought leader, as well as providing income, and our NFT market enabling utility for payment with DOBO. On top of this, we do not have a huge marketing wallet receiving reflections from holders, or with a large number of tokens printed by the team for free which can be sold off for marketing. This means we have to be careful how we spend marketing funds, but has also made us a better coin – we are not wasting money on useless influencers, we are growing naturally by gaining community members who love the coin, love the meme, and love the community, which gives us a huge amount of value in my opinion, as with memecoins, the community is everything and it sets us up incredibly well for the next memecoin season.
StealthEX: And that was it!
A huge thank you to Ghostbro for an awesome AMA and a great insight in the bonk ways!
That was a lot of questions answered and an awful lot of crucial information! 😇
Once again, thank you for taking the time of your day and teaching us the bonk.
Check out DogeBonk at: DogeBonk, Telegram, Reddit, and Twitter.
Thank you everyone for being here!
And don’t forget you can also swap DOBO coin with 400+ assets on StealthEX platform 😎
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