DogeCola<\/strong> (CRYPTO: DOGECOLA) is about to ship its memecoin-inspired non-alcoholic beverages this month.<\/p>\n

What Happened:<\/strong> According to a Friday DogeCola announcement<\/a>, the Dogecoin<\/strong>-inspired\u00a0(CRYPTO: DOGE) cryptocurrency project is about to ship its product.<\/p>\n

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While this coin surely looks like lots of fun, its policies are no joke. DogeCola purportedly provides its buyers a know-your-customer compliance certificate and passed a cybersecurity audit in mid-July. The coin behind the beverage\u00a0has tokenomics set up in a way that makes it very clear that it was meant to spur speculation akin to that seen with Dogecoin and meme stocks.<\/p>\n

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Every time DogeCola is sold, a feature dubbed “AutoBoost” will buy back a variable amount of tokens and burn them \u2014 decreasing its supply forever.<\/p>\n

Furthermore, the coin’s initial liquidity will be locked for more than one year, and 5% of the total supply was already burned.<\/p>\n

In order to discourage price manipulation by big holders and trading bots, the fee on sales is higher than on buys.<\/p>\n

DogeCola’s buyer fee system\u00a0results in 2% of the proceeds being redistributed to the holders, 6% going to AutoBoost, and 4% to marketing and development.<\/p>\n

Of sales fees, 7% is redistributed to holders, another 7% to AutoBoost,\u00a0and 4% to marketing and development.<\/p>\n

The project will also make regular donations to charities against plastic pollution.<\/p>\n

Price Action:<\/strong>\u00a0According to CoinMarketCap\u00a0data<\/a>, DogeCola saw its price increase by 4.28% over the 24 hours to press time and is currently trading at $0.00000002594.<\/p>\n

Photo: Courtesy of DogeCola<\/em><\/p>\n<\/p><\/div>\n