Schnoodle is a truly trustless decentralized cryptocurrency. The first of its kind. It is completely community-driven with a founding team guiding the community with a vision to achieve the goals of Schnoodle. In essence, this means there is no requirement for holders to rely on the team fulfilling promises to do as the community desires. The ecosystem of smart contracts ensures that the unopinionated nature of the code provides the community with absolute confidence in the viability and future of Schnoodle.
The advanced technologies behind Schnoodle ensure that software upgrade proposals created and voted for by the community are fully automated using gasless (zero cost) off-chain voting mechanisms, and then executed on-chain via an escalation-game-based blockchain oracle. This decentralized process epitomises the very nature of blockchain, something no blockchain project has ever truly achieved.
We believe we are the first blockchain project to achieve this truly trustless DAO (decentralized autonomous organization) status, which is the Holy Grail of blockchain, and why Schnoodle has experienced unprecedented success since launch.
Schnoodle is a progressive DeFi coin that uses a sophisticated automated wealth distribution system known as the Blockchain Automated Reward Kickbacks (BARK) algorithm which was inspired by Reflect Foundation (RFI), but written from the ground up using OpenZeppelin Contracts as a baseline. The BARK algorithm rewards all holders constantly whenever any transfer takes place on the network. No staking required, only holding. This is one of the most loved aspects of Schnoodle by the community and, together with the unique decentralized nature of Schnoodle, has placed Schnoodle as being regarded as unlike any other rewards-based coin.
It's also a coin with a conscience: 1% of all transfers will eventually be donated to a worthy cause as agreed by the community. This is already in the smart contract code, known as an eleemosynary fund.
Schnoodle has been diligently coded with the latest bleeding edge technologies by a polymath developer who has spent his career working for top tier investment banks such as Morgan Stanley and Credit Suisse writing code for front and back office trading systems.
Designed and expertly coded from the ground up, Schnoodle bridges key concepts that define the crypto space, including DeFi, DAO, meme, NFTs, and yield farming.
Schnoodle is much more than just a meme coin. While Schnoodle is setting itself against a meme backdrop to bootstrap early interest and adoption, it promotes itself as a fully progressive DeFi DAO ecosystem in its own right, owned entirely by its community. With oracle-based governance and multisig protection, Schnoodle is the first of its kind to become a true DAO.
We have an ambitious roadmap ahead of us also, including a staking platform that we have already started making inroads to break the mould and differentiate ourselves from other staking platforms with fully flexible opportunities for stakeholders. And we also want to issue NFTs that can also be staked in our platform. There are other use cases we're considering such as NFT gaming that are earmarked for further triaging.
We already have our first utility partnership with DePay where SNOOD is now able to be used as a payment currency. Ultimately, we intend Schnoodle to have further utility and for the direction of this to be determined by the community (as a DAO) with guidance from the team.
Schnoodle was founded on a belief that technology through blockchain should reward everyone. This is why it was carefully built with bleeding edge technologies that ensure it achieves this goal through trustless innovation and an absolute decentralized paradigm.