Curated News
By: NewsRamp Editorial Staff
December 20, 2024
Doge Jones Industrial Average Announces 20% Staking Milestone
TLDR
- Staking 20% of $DJI supply in Wasabi vault allows for leveraged trading, attracting new investors and strengthening $DJI’s market position.
- Staking $DJI tokens in Wasabi’s ecosystem enables leveraged trading activities while earning real yield for stakers.
- The commitment to staking signals the rapid maturation of the $DJI project, fostering a renewed sense of confidence and attracting new investors.
- The Doge Jones Industrial Average project brings the irreverence and unpredictability of meme culture into the world of finance, creating a culture that playfully parodies 'market indices' with internet culture.
Impact - Why it Matters
This news matters because it demonstrates the strong community commitment to the $DJI project’s mission, with 20% of the total supply being staked in a short window. This signals the rapid maturation of the project and its expanding, active user base and partnership network.
Summary
The Doge Jones Industrial Average (DJI), the leading meme coin sentiment tracker, today announced that 20% of the total $DJI supply has been staked in the Wasabi vault, underscoring firm community commitment to the project’s mission to ‘Flip the Dow’.
This unprecedented level of staking in such a short window demonstrates the strong conviction of $DJI holders, who believe in the meme coin’s long-term value, choosing to lock up their tokens rather than trade them for short-term gains. The $DJI token is currently available for purchase on DEX and automated market maker Moonshot, Raydium, and Arkham. The $DJI token address is: BjotV424H4UBvrAiGFGjQGztLxoafxM4HSdCXZR6pump. The commitment of 20% of the supply (and counting) to staking, signals the rapid maturation of the Doge Jones Industrial Average project with an expanding, active user base and partnership network.
For more information, please visit: https://dogejonesindustrial.com. About Doge Jones Industrial Average: The Doge Jones Industrial Average was created as a satirical take on traditional finance, drawing inspiration from the well-known Dow Jones Industrial Average. It serves as a humorous reflection on the seriousness of conventional financial systems, bringing the irreverence and unpredictability of meme culture into the world of finance.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Doge Jones Industrial Average Announces 20% Staking Milestone