What is WIF?

_{What is Dogwifhat (WIF)?}

Dogwifhat (WIF) is a meme coin that runs on the Solana blockchain, characterized by playful branding.
Using a Chiba Inu dog wearing a pink silk hat, it was launched in late 2022.
Dogwifhat is rapidly gaining popularity in the cryptocurrency community, largely fueled by interest in speculation and meme culture.

_{Founder/Date Founded:}

Dogwifhat (WIF) was founded in November 2022 by an anonymous team.
The project quickly gained attention in the cryptocurrency community, taking advantage of the popularity of coin memes.
Especially coins with a dog theme. Despite the playful and humorous branding, the identity of the founder remains undisclosed.
This is a common feature in many meme coin projects.

_{Objective/Use Case:}

Dogwifhat (WIF) serves primarily as a meme coin on the Solana blockchain, embodying the fun spirit of internet culture.
Its purpose is not to provide technological innovations or practical use cases.
But to entertain and engage the community through the creation of an exotic brand featuring Chiba Inu dogs in pink yarn hats.

_{Total supply/Limit or Unlimited:}

The total supply of Dogwifhat (WIF) is approximately 998.93 million tokens. This figure represents both circulating supply and peak supply.

_{Supply Deflation:}

Dogwifhat (WIF) has a deflationary mechanism through a 1% burn rate on each transaction.
This means that for every transaction made with the WIF token, 1% of the total amount is permanently removed from the circulation system.
This reduces the total supply over time.

_Sources:

‍docwifcoin

coinmarketcap: WIF

www.theblock.com

dailycoin.com

unchainedcrypto

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