- Title: Default Listing for the $DOSA coin
- Author(s): Dosa Coin
- SaucerSwap Voting Interface: N/A
- Related Discussions: N/A
- Submission Date: January 19th 2024
Summary:
This Request for Comments (RFC) proposes the Default Listing of $DOSA, the official memecoin that embodies a mischievous and malevolent persona, on SaucerSwap DEX. As a community-driven token, $DOSA has quickly gained traction through its unique branding, strong community engagement, and its role in fostering a vibrant ecosystem of fun and creativity.
Abstract
The $DOSA ecosystem is a rapidly growing memecoin community, blending creativity, humor, and cultural resonance to build a unique tokenized experience. As the official token of this ecosystem, $DOSA drives community engagement through its mischievous branding and growing adoption. This proposal seeks to elevate $DOSA from an Extended Listing to a Default Listing on SaucerSwap DEX.
A Default Listing will improve accessibility for traders, deepen liquidity pools, and enhance $DOSA’s visibility across the Hedera ecosystem. Furthermore, it will reinforce SaucerSwap’s standing as the leading decentralized exchange for innovative and community-focused tokens.
This Request for Comments (RFC) invites the SaucerSwap community to provide feedback and share considerations, which will help refine the proposal before formal submission.
Motivation
$DOSA has rapidly gained traction as a unique memecoin within the Hedera ecosystem, capturing attention through its mischievous branding and strong community engagement. As a symbol of creativity and cultural relevance, $DOSA continues to build a vibrant and growing user base.
In addition to expanding within the Hedera ecosystem, one of $DOSA’s key goals is to build strategic partnerships beyond Hedera, particularly within Solana. With deep roots and strong connections in the Solana community, $DOSA aims to leverage this vibrant ecosystem for increased exposure, liquidity, and cross-chain opportunities.
Despite its popularity and demand, $DOSA’s current Extended Listing status on SaucerSwap presents several challenges:
- Limited discoverability: New users face barriers when trying to access $DOSA.
- Lower liquidity: Trading efficiency and market depth are restricted compared to Default Listed tokens.
- Reduced perception of trust: Non-default status may discourage potential users or investors.
Elevating $DOSA to Default Listing status would address these challenges by improving accessibility, increasing liquidity, and enhancing user confidence in the token. This step aligns with $DOSA’s mission to foster a thriving community while driving trading volume and engagement on SaucerSwap, and it will also lay the groundwork for future cross-chain partnerships, particularly with Solana.
Specification & Rationale
Technical
- Token Contract Address: 0.0.7894159
- Tokenomics: $DOSA has a total supply of 1 billion tokens, with 15% allocated to the team for ecosystem expansion, marketing initiatives, and team payments. The remaining supply is strategically distributed to drive community engagement, liquidity incentives, and sustainable ecosystem development.
Social
- Adoption: Default Listing on SaucerSwap will improve accessibility and trust, enabling smoother trading for both new and existing $DOSA holders. This move enhances the user experience and strengthens the community, driving further adoption of $DOSA.
- Collaboration: The listing deepens the partnership between SaucerSwap and the $DOSA project, supporting shared goals of fostering innovative and community-driven projects on Hedera. Additionally, this collaboration lays the groundwork for future initiatives such as liquidity rewards and other ecosystem incentives.
Financial
- Liquidity Growth: A Default Listing will encourage the formation of larger liquidity pools, reducing slippage and enhancing the trading experience for users. This will also attract new investors, boosting confidence in $DOSA’s long-term potential.
- Revenue Generation: Increased trading volume on SaucerSwap leads to higher platform fees and improved APRs for liquidity providers, benefiting both SaucerSwap and $DOSA stakeholders.
Cross-Chain Expansion
- Strategic Growth: The $DOSA project has identified Solana as the next ecosystem for expansion. With team members having deep roots and strong connections within the Solana community, $DOSA is uniquely positioned to establish a foothold in this high-performance blockchain. Beyond Hedera, the team is focused on creating strategic partnerships with key players in Solana, further amplifying $DOSA’s growth potential.
- Interoperability Potential: Integrating $DOSA with Solana’s ecosystem will unlock new liquidity sources, expose the token to a broader audience, and create opportunities for cross-chain collaborations. This aligns with $DOSA’s mission to become a globally recognized memecoin with cultural and community-driven relevance across multiple blockchain ecosystems, especially in emerging networks like Solana.
- Ecosystem Synergy: Expansion into Solana will allow $DOSA to leverage Solana’s scalability, lower transaction costs, and active DeFi and NFT markets, further bolstering its adoption and utility. Through these cross-chain partnerships, $DOSA will diversify its user base and create more opportunities for ecosystem growth across Hedera and Solana.
Community Alignment
- Mutual Growth: This proposal offers the SaucerSwap community a chance to support $DOSA, a dynamic and rapidly growing project. By fostering alignment between $DOSA and SaucerSwap communities, this listing creates a pathway for shared growth and long-term success.
Benefits (Pros)
-
Increased Accessibility
Default Listing of $DOSA on SaucerSwap will simplify access for new and existing users, reducing barriers to trading and fostering a seamless user experience. -
Enhanced Liquidity
Larger liquidity pools resulting from the Default Listing will decrease slippage, create a more stable trading environment, and attract more investors to the $DOSA ecosystem. -
Community Growth
The Default Listing will improve trust and visibility for $DOSA, encouraging broader adoption and strengthening its rapidly growing community. -
Partnership Strengthening
This move will reinforce the relationship between SaucerSwap and the $DOSA project, establishing a foundation for future collaborations and mutual benefits. -
Increased Trading Volume
Higher trading activity on SaucerSwap will drive additional platform fees and incentives for liquidity providers, benefiting both $DOSA and SaucerSwap stakeholders. -
Cross-Chain Expansion Readiness
The Default Listing will bolster $DOSA’s reputation and liquidity within the Hedera ecosystem, positioning the token for a successful expansion into Solana and other blockchains. -
Boost in Ecosystem Engagement
By becoming a Default Listed token, $DOSA aligns itself with SaucerSwap’s prominent tokens, enhancing its legitimacy and drawing attention to the broader Hedera ecosystem. -
Cultural Relevance
$DOSA’s unique branding and narrative offer a fresh perspective to the memecoin space, attracting a diverse audience and creating new opportunities for engagement across decentralized ecosystems.
Downside (Cons)
-
Increased Market Volatility
As a memecoin, $DOSA may experience higher levels of market volatility. A Default Listing could amplify price swings, potentially deterring risk-averse investors or traders. -
Liquidity Dependence
Although liquidity pools are expected to grow, the success of $DOSA’s Default Listing will be heavily reliant on active market participation. Insufficient liquidity or low trading volume could undermine the token’s market stability. -
Brand Reputation Risks
$DOSA’s memecoin nature could attract speculative or short-term traders, which may impact the long-term credibility of the token and its ecosystem if not managed well. -
Cross-Chain Expansion Challenges
Expanding into Solana presents its own set of challenges, including the need to manage and maintain cross-chain interoperability. This could involve significant technical and logistical hurdles, especially if the team faces unforeseen complications in bridging the token across ecosystems. -
Regulatory Scrutiny
The growth and increased visibility of $DOSA could attract regulatory attention, especially as the token becomes more widely traded and interacts with other ecosystems. Potential regulatory challenges could create uncertainties for the project’s future. -
Market Competition
The memecoin space is highly competitive, with numerous tokens vying for attention. $DOSA’s success in gaining long-term adoption will depend on continuous community engagement and innovation to stay ahead of competitors. -
Overextension Risk
With plans to expand into multiple blockchains, there’s a risk of overextending the team’s resources. Managing multiple ecosystems effectively requires a well-coordinated strategy, and any missteps could impact the token’s growth and development.
If this RFC progresses to the Proposal phase, the voting options will be as follows:
- Yes: Approve the Default Listing of $DOSA on SaucerSwap.
- No: Reject the Default Listing of $DOSA on SaucerSwap.
