What is Dwarfcoin

Dwarfcoin is a purely community driven project which takes its inspiration from the dwarves of the fantastical literature. The project began late November 2021 with a goal to create a fun and well-established coin that has proper usecases, which are based on the rich dwarven lore of yore.

dwarf
By the way speaking of riches, these dwarves will mine Elrond gold (EGLD) for you by holding them. In other words the more dwarves you have, the more gold they will amass for you in return.

dwarf
To keep things as fair as possible, there have been very few coin allocations prior to launch. Only those from community who contributed their money for the initial liquidity of ~8 BNB have received a fair allocation of coins in return. Only exceptions for this rule were the two organizers, whom received a 1% cut each from the supply for spending their time making this project possible. The maximum wallet size is 2.5%, maximum transaction is 1% and the contract has been renounced.

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A little bit about dwarvenomics

Supply

Total : 1 billion
Burnt: none
Circulating : 1 billion

Liquidity

A 3% tax is taken from every buy/sell which is distributed for the liquidity pool. Initial provided liquidity was ~8 BNB, and all of it has been burned in the fiery forges of the Khazad-dûm.

problems-graphic
problems-graphic

Rewards

With the theme of this coin being dwarves and gold, the holders will be rewarded with some Elrond gold (EGLD). The reward tax is 6%, and it’ll be distributed to wallets according to their relative size. The rewards accumulate in the background, and they can be redeemed to your wallet immediately by either buying or selling at least 1 DwarfCoin. They will also appear to your wallet automatically, but it takes several days.

Marketing wallet

To keep the mines pumping and the gold flowing there’s a 1% marketing wallet tax. This wallet uses multi-signature, meaning that there are three community chosen people, who each hold a piece of the private key needed for a withdrawal. The community will always vote where these funds shall be used.

Dwarfpaper

dwarfpaper

Roadmap

The roadmap will update quarterly. This current Q4 is this projects first quarter, so the goals are set accordingly:

  1. Create website v1
  2. Launch the project
  3. Create social media channels
  4. Make some creative memes and other good marketing material
  5. Hire a professional CMO (Chief Marketing Officer) to lead our marketing efforts
  6. Marketing campaign on different platforms
  7. CoinGecko-listing
  8. Potential CMC-listing
  9. Get an official audit for the contract

Future (Q1 / early Q2):
We will establish our very own DwarfSwap in which you can trade our upcoming unique Dwarf NFTs. We will also update our website to V3, which will have more functionalities such as a EGLD-reward calculator and a flash-style Dwarf-game just to name a few.

Further into the future (Q3 and Q4):
We will strive to collaborate with other fantasy related coins. Broadly speaking the plan is to be part of a fantasy metaverse, or a “metacoin".

Contact

Have questions? We’re happy to help.

Contact us with any questions regarding Dwarfcoin.