Thank you for the update
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Gracias por la informaciĂłn
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Thank you for the update! Good luck!
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ANNOUNCEMENT
Dear TronDAO Forum Members,
The UDAWG Team is excited to announce some updates on our project that we want to share with you all!
Firstly, we have added the Dorahacks BUIDL Link to our project! 
Click on the link below to check it out and learn more about our project:
Dorahacks BUIDL Link: Click here!
Secondly, we have created a demo video that showcases how to #GetSomeUpDawg. 
Check out the video below to see our project in action:
Demo video: Watch here!
Lastly, we have added Project Test Instructions that will guide you through testing our project. 
Please take a look at these instructions before testing our project:
Weâll keep posting updates as soon as they happen to keep you in touch with our project. We hope that these updates will give you a better understanding of our project and its capabilities. Thank you for your continued support!
Best regards,
The UDAWG Team 
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Te felicito por lo que sigue a tu proyecto, implica que muchos usuarios creen una microeconomĂa pudiendo asĂ tener mĂĄs caso de uso de tu moneda e indirectamente de Trx.
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Welcome to Grand hackathon S4, i wish your team get a good result.
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Dear @antonio,
Thank you for your kind words of encouragement! We appreciate your support for our project and its potential to create a microeconomy that can increase the use case of our UDAWG token and indirectly benefit TRX as well.
We would like to take this opportunity to invite you and all our community members to invest in and HODL some UDAWG while the price keeps increasing. Our dawgDEX is designed to keep increasing the price of UDAWG against the TRX reserve of the contract with each exchange transaction, making it a great investment opportunity for those looking to capitalize on the growth potential of our project.
As per the March 2023 Burn Report published monthly by @udawgdao on Twitter, the current price of UDAWG stands at 1 TRX â 10.478 quadrillion UDAWG, which has increased by 14.54% from the launch price as on 1 November 2022 of 1 TRX â 12.026 quadrillion UDAWG.
With this positive trend, investing in UDAWG can be a wise decision for those looking to grow their crypto portfolio.
Thank you for being a part of our community and supporting our project. We hope to continue delivering value to our users and building a strong microeconomy around UDAWG.
Warm regards,
The UDAWG Team
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Thank you so much for your warm welcome and well wishes, @cacaocoffee! 
The uDawgDAO team is excited to be a part of the #tron-hackathon:hackathon-season-4 and is looking forward to showcasing our skills and collaborating with other talented individuals. We appreciate your support and encouragement, and we wish you all the best in your own endeavors! 
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Welcome to this great forum, feel at home 
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Congratulations team, thanks for the updates
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Congrats on your participation:
I have a few questions:
What is UpDawg?
What is the project goal of UpDawg?
What is the deflationary mechanism of UpDawg? How is it beneficial for holders?
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You are welcome bro.
Stay safe
Please most of the questions you asked can be found in their submission. Project goals and others.
Kindly read their submission. Thanks
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Welcome to this great forum, feel free to dine with our amazing community, feel at home
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Thank you for the updates. Good luck for future!
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Your youtube video is so fun and explaining well. Good luck in season4, for defi you are one of my favourites 
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Hello team!
This looks like an interesting project.
I have two questions regarding the token:
- What do you mean by âdeflationaryâ?
- How is the token backed by TRX? Can you share the exact reserve of backing and if you have any document that explains the tokenomics, that would be great.
Wish you all the best!
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Thank you so much @aurora for your kind words! 
We are glad to hear that you found our YouTube video fun and informative. Itâs great to know that we are one of your favorites in the DeFi space, and we appreciate your support. 
At #UpDawg, we are passionate about building innovative solutions that bring value to our users. We believe that our unique approach to managing the dawgDEX transaction tax and our commitment to sustainable growth make us an excellent investment opportunity.
We invite you and anyone reading this to join the #UpDawg community and be a part of our exciting journey. #Invest #GetSomeUpDawg today and letâs shape and experience the future of #UDAWG together! 
Stay tuned for more updates.
Warm regards ,
The UDAWG Team
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Thank you for taking the time to show interest in UpDawg. We appreciate your questions and are pleased to provide you with more information about our project.
UpDawg is a decentralized deflationary proof of reserve token backed by TRX.
As you asked, UpDawg is a deflationary token. This means that a small portion of each exchange transaction on dawgDEX is automatically burned, reducing the total supply of UpDawg tokens. This mechanism helps to combat inflation and maintain the value of the tokens over time. Additionally, uDawgDAO âBuy & Burnsâ UDAWG tokens from their revenue streams, further reducing the supply of UDAWG tokens.
To answer your second question, UpDawg is backed by TRX. The creation of new UpDawg tokens is only possible through the deposit of TRX into the UpDawg smart contract via the dawgDEX. When users sell their UDAWG tokens on the dawgDEX, the tokens are âburnedâ and the user receives an equivalent amount of TRX, into their wallet. T
We understand the importance of transparency, which is why we have made the internal reserves in the UpDawg smart contract viewable. Users can verify the reserves by visiting our website or using a TRON blockchain explorer. As a TRC20 smart contract, all of the reserves are stored on the blockchain, providing full transparency.
Once again, thank you for your interest in UpDawg. If you have any further questions or would like more information, please let us know.
Best regards,
UpDawg Team
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Dear Bruno,
Thank you, Bruno, for your interest in UpDawg!
We are happy to provide you with more information about our project.
UpDawg is a TRX-backed decentralized deflationary proof of reserve token. Our project aims to educate individuals on blockchain and smart contracts.
The deflationary mechanism of UpDawg involves burning a small portion of each exchange transaction on dawgDEX, reducing the total supply of UpDawg tokens. Additionally, uDawgDAOâs âBuy & Burnsâ UDAWG tokens from their revenue streams, further decreasing the supply of UDAWG tokens. This mechanism helps maintain the value of the tokens over time, benefitting holders.
Moreover, the UpDawg HODLPool is a distinctive feature that allows UDAWG token holders to earn a portion of the exchange transaction tax collected by the UpDawg protocol. This feature provides an opportunity for users to earn passive income by simply claiming HODLing rewards.
We hope we have been able to answer your questions adequately. If you have any more inquiries or require further information, please feel free to contact us. We appreciate your interest in UpDawg!
Best regards,
UpDawg Team
2 Likes