FILEDOGEPrice

(FILEDOGE)

FILEDOGE was launched in February 2023 as the "First 100% Decentralized MEME Token and DEX on Filecoin." Its core purpose is to infuse the vibrant spirit of DOGE's meme culture into the Filecoin ecosystem. Beyond its meme identity, the project also serves as a Decentralized Exchange (DEX) operating on Filecoin's smart contract infrastructure. This positions it as a community-driven initiative bringing cultural and decentralized exchange functionalities to the network.

FILEDOGE operates as a token and a Decentralized Exchange (DEX) built upon Filecoin's smart contract capabilities. This means its operations, from token transfers to exchange functionalities, leverage the security and decentralization provided by the Filecoin blockchain. Further details would involve its specific smart contract implementation, how it interacts with the Filecoin network, and the mechanisms ensuring its decentralized exchange features.

The FILEDOGE project is characterized as "100% community-based" with "no centralized teams." This implies a decentralized governance model where decisions and direction are determined by the community rather than a core, identifiable team. This structure fosters questions regarding collective leadership, decision-making processes, and how community input is formalized and implemented.

FILEDOGE underwent a fair release of Genesis. A significant portion, 60% of its total supply, was distributed directly to the community. The remaining 40% was allocated to Filecoin Lab and Vitalik for "Burning," a mechanism typically used to reduce supply. Additionally, the project conducted an airdrop specifically for existing FIL holders, further distributing tokens to a relevant user base within the Filecoin ecosystem.

FILEDOGE was initially launched in February 2023. Its fair launch, which signifies a transparent and equitable initial distribution, took place on April 3rd, 2023. This fair launch approach, combined with subsequent airdrops for FIL holders and allocations for community and burning, defined its initial token distribution strategy.

Security is a critical aspect for FILEDOGE. Its airdrop smart contract, a crucial component for token distribution, underwent an audit by Certik. Certik is a reputable blockchain security company known for its comprehensive smart contract audits. This audit helps to ensure the integrity and security of the contract's code, mitigating potential vulnerabilities during the airdrop process and reinforcing overall project reliability.