Dogeparty Bern Ends in
The Dogeparty Bern Period will begin on October 1st, 2021 (block #3,919,346) and run for approximately 60 days, concluding on December 1st, 2021 (block #4,007,186). During the bern period, users will be able to bern DOGE at a ratio of 10:1, where berning 10 DOGE will get you at least 1 XDP token. There is a 50% bern bonus which will be awarded to people who bern earlier. This bonus gets a little bit lower with each block that passes, by the end of the bern the bern ratio will be exactly 10:1 XDP.
Transactions confirmation times on Dogeparty are typically 10x faster than traditional Bitcoin transactions, at 1-10 minutes. This opens the door to whole new applications impossible with slower network speeds.
With Dogeparty you can take part in an community-driven global marketplace of good, where anything and everything is traded with no exchange fees. If this is a message that resonates with you, we’d love your support.
* Dogecoin Core needs to enable Segregated Witness (segwit) to support the Multi-Peer-Multi-Asset (MPMA) sends feature.
What is XDP?
XDP is fuel for the Dogeparty rocket. Buy the fuel with your DOGE during the bern period. With XDP you can issue your own custom tokens for e-tickets, reward points, game currencies & so on.
How can I get XDP?
- Bern Dogecoin (DOGE) during the bern period to be rewarded with XDP
- Purchase XDP from dispensers / vending machines from existing holders
- Purchase XDP with Dogecoin (DOGE) using the Decentralized Exchange (DEX)
- Purchase XDP from a traditional/centralized exchange (coming after bern period)
What is the Bern?
The bern is the process by which we will resurrect the Dogeparty platform and generate additional XDP and collect funds to support the project going forward. The bern involves sending DOGE to the Community Fund address through a Dogeparty compatible wallet.
For every 10 DOGE you bern, you will receive 1 XDP. To reward earlier berners, the first blocks will award a bonus of 50%, giving you back 1.5 XDP for every 10 DOGE. This is a bonus that gets a little bit lower with each block that passes, by the end of the bern the rate will be exactly 10:1 XDP. After berning your DOGE, the issuance of your XDP will happen automatically by the protocol.
The bern begins on Friday, October 1st 2021 (Block # 3,919,346) and will last for 60 days, ending on December 1st, 2021 (Block #4,007,186). Once the bern period ends you will no longer be able to bern DOGE for XDP, so get ’em while they’re hot! If you’re thinking about creating something on Dogeparty, you’ll need to obtain some XDP. It should be possible to get some later, but you’d need to buy it from someone selling it, probably at a higher price.
What is the Community Fund?
The community fund is an address which holds all of the DOGE funds that were berned during the bern period and will be controlled by the Dogeparty Foundation. The community fund will be used to benefit the Dogeparty community and support continued development of the platform for many years into the future.
Suggested use of the Community Fund
- 35% – Developer Fund (pay developers to maintain platform and add new features)
- 25% – Marketing & Promotion (pay for trade shows, hackathons, advertising, etc.)
- 20% – Exchange Listings (pay for exchange listings on popular exchanges)
- 10% – Founder Compensation (reimburse founders who built the Dogeparty platform)
- 10% – Legal Fund (pay any legal expenses which may arise in the future)
What is the Dogeparty Foundation?
The Dogeparty Foundation will consist of 3 founding members and 5 community members who will be elected through a decentralized vote using XDP.
How will the foundation election work?
- Nomination Period* – Anyone can be nominated to serve on the foundation
- Q&A / AMA Period* – Community can ask questions of each of the nominees
- Voting Period* – Community will vote for their favorite nominees using XDP
- Foundation Elected – Top 5 nominees with the highest votes are elected
*Nomination period, Q&A / AMA period, and Voting period will each last 2 weeks
1. Get yourself a Dogeparty compatible wallet from our wallets page.
2. Send DOGE from your existing wallet to one of the addresses in your dogeparty compatible wallet.
3. The wallet shows your sent balance in DOGE. Click on the menu and choose the ‘Burn’ entry, select an amount and you are ready to go.
4. Congratulations! You’ve got XDP.
5. You can now start using your XDP to register asset names, place orders to buy tokens using the Decentralized Exchange (DEX), and more.
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