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BankerDoge

Frequently Asked Questions

What is Staking?

Staking is depositing your tokens into a smart contract and leaving them there in exchange for rewards.

What is the difference between Altrucoin and BankerDoge?

A full explanation of the differences between Altrucoin and BankerDoge, and how they work together can be found here: https://bankerdoge.medium.com/the-altruism-protocol-defi-ecosystem-altrucoin-and-bankerdoge-54c08174644d

Development will continue for both projects by separate development teams that collaborate when necessary to bridge features. Both projects are managed by the Altruism Protocol Team.

All vaults will support both tokens through the options explained in the tokenomics section.

What is the purpose of the BankerDoge Token?

The BankerDoge token is the project's associated governance and utility token that is used for various systems on the platform such as:
Voting on charitable donations, voting on governance proposals, entering and exiting vaults, staking the token itself, and it is also used as a test platform for our development team to create cutting edge DeFi systems that are released to the users and eventually used in other vaults.

The BankerDoge token benefits from every other vault as fees from other vaults are depositing into the BankerDoge token vault as well!

Do my tokens still receive rewards/reflections/redistributions while staked?

Yes, different vaults may calculate these rewards in different ways but your rewards are sent to the vault contract and they are distributed to your staked balance with each update.

Do rewards auto-compound?

Yes, all rewards are auto-compounding. They are compounded each time the vault is updated.

My PancakeSwap Transaction is failing.

Make sure you have the slippage set to 14% for buys and 20% for sells. We will also have Anti-Bot/Anti-Whale mechanisms in place that will be disabled shortly after launch. These include features like bot blacklisting, selling cooldowns for massive/repeated purchases, and more. These should not effect normal buyers in any way and will be disabled shortly after launch.

Do I pay normal transaction fees when entering and exiting vaults?

The BankerDoge Token vault and Altrucoin Token vault do not have normal transaction fees when interacting with the vault. Most other vaults do not have fees with their vaults as well but that is controlled by their development teams.

How can my project partner with BankerDoge

Please fill out this form if you are interested in building a vault for your token: https://forms.gle/4xFAhmsSdvMtLSmZ7