SDOG is entering Mars phase with limited SpaceD token. Environment friendly mining is coming soon!
Recently, Elon Musk tweeted about his concern regarding the impact of the rapidly increasing use of fossil fuels on Bitcoin mining and its transactions. Especially the use of coal which has the worst impact on the environment of all fuels. Tesla believes that cryptocurrency is a good idea from any level, and believes that it has a bright future, but it cannot be at the expense of the environment.
After Elon released the above tweeter, the crypto market fell collectively. Bitcoin once umped more than 17%, diving for over $10,000 within 1 hour, and Shibacoin(SHIB), also known as shit coin, fell more than 40% in 24 hours. The daily decline of DOGE went over 12%.
Elon’s statement is not unfounded. According to a research of the Cambridge Centre for Alternative Finance (CCAF), Bitcoin’s total annual energy consumption is between 40 and 445 terawatt hours(TWh) with central value around 130 TWh. The annual electricity consumption in the United Kingdom is slightly more than 300 TWhs, while the electricity consumption in Argentina is roughly the same as CCAF’s guess on Bitcoin’s energy consumption. The CCAF team investigated the energy use of people who manage Bitcoin networks around the world and found that about two-thirds of energy use comes from fossil fuels.
After Elon’s comment on Bitcoin, it did not benefit Dogecoin either. In fact, Dogecoin is also produced by mining, and it also consumes energy. However, the mining of SmallDogecoin(SDOG) is a energy-free mining currency.
Mars Phase
SDOG’s Mars plan will launch the NFT rocket mining mode. Users can earn SDOG by purchasing NFT rockets and mining; if users want to obtain NFT mining rockets, they must purchase it through the token SpaceD, SpaceD has a hard cap of 3000, exchan gable through SDOG, the minimum exchange is 0.1 SpaceD, and the SpaceD obtained by users can be traded in the secondary market.
Exchange rules:
SpaceD will be sold in multiple periods, with 300 SpaceD in the first phase.
In SDOG’s Mars phase, the progress will be divided into three steps:
Stage 1. SpaceD limited release
Initially the first phase of the Mars project will start SpaceD limited sale. SpaceD is limited to 3000 pieces and is sold in multiple batches. SpaceD can be used to purchase NFT mining rockets, and NFT mining rockets can mine SDOG in the form of NFT mining.
Phase 2. NFT mining rocket auction
In the second phase of the Mars project, we will open the NFT rocket auction. NFT mining rockets are divided into multiple models with restrictions on the number. SpaceD token holders will obtain NFT mining rockets through NFT auctions. After the auction is completed, SDOG will start NFT mining.
Phase 3. Start NFT mining
Now users can mine through NFT rockets. The mining output rate will be divided into two parts: regular output and variable output. The more active the SDOG transaction volume, the greater the variable output. Users will share the SDOG output of each block based on the NFT rocket computing power.
It can be considered that SpaceD is exchanged from SDOG with limited quantities, and is required for rocket NFT. The output of ordinary SDOG mining in each block is constant in a certain period and decays at a rate of 50% every year. While buying Rocket NFT can speed up mining, different models have different computing power, and users can use SDOG to buy on the rocket market.
The reason why SDOG started NFT mining may be because of the current market has gradually discovered that the NFT field and the DeFi field have a trend of continuous integration, which can produce unexpected results. Solving the mining “collapse” problem could be critical.
From the analysis of the economic model, although most DeFi liquidity mining has short-term profit effects, the “mine-wirhdraw-sell” model is more like a short-term speculative behavior, and ordinary project parties cannot achieve token governance and the balance of the value of the token, so there is a chance of mining “collapse”.
If NFT image collections or games are just investment collections, it is not a good investment for most individual investors. Because under normal circumstances, it is difficult for ordinary participants to judge the development of fashion trends. In most cases, buying NFT cards is originally an investment, but later it can only be used for collection because there is no corresponding secondary trading market with reasonable liquidity.
If we combine mining with NFT, there is a chance that can solve this problem. In SDOG, rocket NFT can accelerate the mining process, and different models require different conditions; after using SDOG to purchase the NFT rocket mining machine in the rocket market, the smart contract will destroy SDOG and reduce its circulation. After the NFT rocket mining machine is equipped with a booster, it can achieve the effect of accelerating mining; the secondary market formed by the NFT rocket mining machine can also be traded again to combine the NFT that cannot generate cash flow and the DeFi liquidity mining that can. This combination solves the problems of both DeFi and NFT, and at the same time increases the fun of mining.
Rocket NFT boosted mining for a environment friendly future
SDOG’s use of NFT for mining not only solves the mining “collapse” but also achieves environment friendly mining for the first time with 0 energy consumption. SDOG NFT mining volume is determined based on the proportion of each person’s rocket computing power to the total mining rocket computing power, and the computing power is determined by the rocket model and the booster loaded on it. There are 3 models of NFT Rocket and the number of booster that can be mounted on each model is different. Users can choose by themselves in the NFT rocket market. Every time a booster is added, the hash rate value is increased accordingly. This green mining mechanism of proof of action(POA) encourages users to increase interaction and generate more usable data to accumulate assets. This is like a game user accumulating experience through various behaviors and leveling up to gain more permissions and benefits.
The SDOG network takes the purchase of rocket NFT as the entry point to build an incentive mechanism for virtual world applications. This can attract more users to join and generate more transaction data and behavioral data. More importantly, this consensus is based on the behavior of buying rocket NFT, which can effectively solve the problem of energy consumption. In the near future, as the world’s climate warms and fossil energy is gradually depleted, reducing fossil energy consumption will be a general consensus. Finding a greener mining mechanism is also the key to the sustainable development of decentralized networks.
Since half of the output is mining using rocket NFT, it is green and pollution-free. Assuming that SDOG’s mining power consumption is the same as Bitcoin, then:
Rocket NFT mining output P=128,756,977,746,000*50%*50%
That means, 25% of the total output is produced by the rocket NFT. Assuming that the conventional output in the variable output is neglected, then the annual energy saving value is W=130TWh*25%, which is equivalent to the annual electricity consumption in Argentina A quarter of the amount. Then the energy value saved in 100 years of mining can satisfy Argentina’s use for 25 years.
The current carbon emissions per unit of electricity supplied by coal power are about 0.7–1.0 kilograms. Therefore, for people that commonly use coal power, then 1 kilowatt-hour of electricity will produce about 1 kilogram of carbon dioxide. If converted into carbon dioxide emissions, the amount of emissions that can be reduced is P=130TWh*25*0.8, which is about 260 million kilotons, the United States emits 5.9 billion tons of greenhouse gases each year(Maplecroft, 2019).
The NFT mining model created by SDOG can not only solve the mining “collapse” problem, this environment friendly mining mechanism also has very important significance for solving the current mining’s energy consumption problem, and SDOG’s new model its a perfect fit for the development of future society. The direction also has a very important impact on the price of SpaceD. With the awakening of environmental protection awareness, the SDOG community believes that SpaceD is the future.
SpaceD is a deflationary token issued by SDOG with automatic deflation dividends. It is the only currency for purchasing the limited NFT rocket mining machine of SDOG.
Token name: SpaceD
Purpose: The only token to purchase NFT Rocket Mining Machine
How to buy: Fixed rate exchange with SDOG
Exchange rate: 1 SpaceD = 2 billion SDOG
SpaceD sales detail
①Minimum purchase quantity: 0.1 SpaceD
②No purchase limit
③Total issuance: 3000 SpaceD
④Initial sale quantity: 300 SpaceD
SpaceD deflation and dividend mechanism
Each transfer of SpaceD has a 10% transaction fee, of which 5% will be directly destroyed in the black hole address to fullfill automatic deflation; the other 5% will be automatically distributed to other SpaceD currency holding addresses for a typical holding is mining(HIM).
Sale starting at:
20:00, 26/May, 2021 (UTC+8)
Official website: https://smalldogecoin.com/
After sale finishes, SDOG will provide 50 SpaceD and equivalent ETH to establish initial liquidity pool in Uniswap.
