Progressive DeFi cryptocurrency Schnoodle gets a leg up on March 16th when it lands on leading exchange Bitforex. The project, which describes itself as the first true trustless DAO (Digital Autonomous Organisation) has been making waves across the cryptoverse in the last few months with its proprietary automated, wealth distribution system. Blockchain Automated Reward Kickbacks, or BARK for short, is a new concept which basically rewards token holders for… well holding tokens. BARK works like this, every transaction on the Schnoodle blockchain includes a 4% reflection which is distributed to all other Schnoodle holders. So, in essence every time someone else joins in the fun everyone gets a bump. There’s also a built-in charity tax which takes a sliver from every transaction and feeds it into a donation pool set aside for good causes.
“We’re excited to announce our listing on Bitforex and trust us, this is the first announcement of many. We’ve been working hard on the Schnoodle project, and we can’t wait for everyone to hear our BARK. Like, I said, we’ve got a lot more to announce in the next few days and weeks to come, so now’s a good time to get in on the Schnoodle movement.” A spokesperson for Schnoodle.
Like many new tokens, Schnoodle has been available via Uniswap and Pancake Swap for a while. Unlike many of the coins there, however, Schnoodle is no mere DogeCoin clone. The developers promise Schnoodle was built from scratch and differs from the other meme coins in many ways. For starters there’s no team token pool and the token boasts some nifty built-in safety features to prevent cyber chicanery like rug pulls and pump and dumps.
The token takes its name from the lovable canine mash up of Schnauzer and Poodle, but it’s the technology behind the token that separates it from the rest of the pack. Schnoodle’s developers claim to have conjured the blockchain ‘holy grail’ by mastering a fee-less, self-governing blockchain capable of handling its own updates and solving its own issues. If true, this does explain why the project has had such a meteoric ascent since its launch.
Follow the pack
If you want to find out more about the project, you can read the team’s detailed white paper, follow their progress via their active social media channels, or just bask in the glory that is their meme page.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
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