Beginners in the Doki Doki/ AZUKI ecosystem find it difficult to understand how the two tokens function. Once you get confused with this, it becomes difficult for you to understand how the system works.
As you have noticed, we call it the Doki Doki/AZUKI ecosystem because there are two tokens that work alongside each other in perfect harmony.
The good news is that you can invest in any of these two tokens or both and earn high yield. But understanding the difference is enlightening.
DOKI: This is the main native token for the Doki Doki/AZUKI ecosystem. Its main purpose is to provide liquidity to the ecosystem as well as being a governance token. Its initial supply is 3 500, with 500 reserved for provision of liquidity at Uniswap.
The $DOKI coin is used for farming. When you stake the $DOKI, for example, in the $DOKI/ETH LP pools, you earn $AZUKI. The interesting fact about $AZUKI is that it is a deflationary coin, meaning that with time its supply will decrease and the value increase.
Doki Doki achieves this through burning the AZUKI token. The default burnt rate is 5%, although it is adjustable over time. What does this mean to you? It means that investing in $DOKI and $AZUKI gives you great rewards now and in the future.
$AZUKI: AZUKI is the secondary token for the Doki Doki ecosystem whose main function is to drive the Doki Doki NFT dApp and the NFT platform. It will have a total supply of 80 000 000.
You can safely invest in AZUKI and get high yield. First, AZUKI has a distribution period of 2 â 3 years, meaning people can earn it in several ways. Users can earn for their participation in the ecosystem, as they drive volume to it.
Staking: You can earn AZUKI by staking the $DOKI. This is so because the DOKI holders get approximately 50% of the supply through yield farming. The remaining 50% is distributed through the Creativity and Consumption mining program. That is through their participation in the Doki economy, as we pointed earlier on.
You can also stake your $AZUKI tokens and earn more $AZUKI in return. Apart from staking, you can provide liquidity through $AZUKI/ETH LP pools
When you invest in the AZUKI, you also earn the original and limited edition of NFTs, thereby deriving great value.
Conclusion
In general Doki Doki has a dual token economy. DOKI has a lower supply than AZUKI. But they work alongside each other to prop up NFTs, which have a massive opportunity for growth. The main reason why you should invest in Doki Doki is that its tokens have value derived from its unique and highly demanded products such as NFTs.
You can get additional information on this vibrant DeFi project. Read this article: Doki Doki Introduction
Community
Impressed? Great. Now, join the Doki Doki community for more information. Doki Doki has vibrant social platforms which include Discord and Telegram.