Buff Doge Coin and Dogecoin share a Shiba Inu mascot and almost nothing else. Dogecoin (DOGE) launched on 6 December 2013 and runs its own proof-of-work blockchain. Its supply has no cap, and the protocol issues 10,000 new DOGE in every block. Buff Doge Coin, whose ticker is confusingly also "DOGECOIN", is a token issued in August 2021 on BNB Smart Chain. Its project describes a trade fee and a doubling "Double Burn" schedule meant to shrink supply. In short, one is an inflationary base-layer coin and the other is a deflation-marketed token that lives on another chain.
The two at a glance
| Dogecoin (DOGE) | Buff Doge Coin (ticker DOGECOIN) | |
|---|---|---|
| Launched | 6 December 2013 | August 2021 (project's own statement) |
| Type | Native coin of its own blockchain | BEP-20 token on BNB Smart Chain |
| Security model | Proof of work (Scrypt); merged-mined with Litecoin since 11 September 2014 | Inherits BNB Smart Chain; there is no mining of the token |
| Issuance | 10,000 DOGE per block, permanently, from block 600,000 | Project says no new coins will be minted |
| Supply direction | Grows every block | Project says it will shrink through burns |
| Fees on transfers | Ordinary network fees only | A project-defined fee on each transaction (rate differs between sources, see below) |
| Contract | Not applicable | 0x23125108bc4c63E4677b2E253Fa498cCb4B3298b (per project site) |
Dogecoin: what the primary sources say
Origin
The Dogecoin project's own history page says the coin "was originally created as a joke in late 2013 by Billy Markus and Jackson Palmer" and was launched on 6 December 2013. The founders felt the crypto world was "being taken far too seriously." The name and logo come from the Doge meme.
Technology
The Dogecoin Core README says the software is "adapted from Bitcoin Core" and "uses the Scrypt hashing method for Proof of Work." The Dogecoin Core FAQ gives "a target time of one minute per block."
Supply
According to the same FAQ, early block rewards halved every 100,000 blocks. Then, "starting with the 600,000th block, a permanent reward of 10,000 Dogecoin per block will be issued." With one-minute blocks, that works out to roughly 5.26 billion new DOGE a year. The amount is fixed, so the annual inflation rate falls slowly as total supply grows. There is no hard cap.
Mining
Litecoin mining pools began merged-mining Dogecoin on 11 September 2014, according to a dated announcement from a Litecoin mining pool. Miners using the Scrypt algorithm can secure both chains at once.
Burning
The protocol has no burn mechanism. Dogeparty, sometimes described as a Dogecoin community burn, was in fact a separate protocol forked from Counterparty and launched on the Dogecoin chain in 2014. Users sent DOGE to an unspendable address to create a different token, XDP. That burned some DOGE once to launch a new asset. It was not a recurring supply policy for Dogecoin.
Which "Dogecoin" are you looking at?
Answer up to three questions about the asset in your wallet or swap screen to see whether it is Dogecoin, a wrapped token, Buff Doge Coin or a possible look-alike.
Does the asset you hold, or are about to swap for, have a token contract address?
- No, it is the native coin of its own chain (ticker DOGE) → This is Dogecoin (DOGE)
- Yes, it is a token with a contract address → next question
Which chain is the token issued on?
- BNB Smart Chain, ticker DOGECOIN → next question
- Another chain, shown as a "DOGE" token → This is a wrapped or bridged DOGE token
Does the contract address match 0x23125108bc4c63E4677b2E253Fa498cCb4B3298b, the one the project publishes, character by character?
- Yes, every character matches → This is Buff Doge Coin, not Dogecoin
- No, or I cannot check it → Treat it as a possible look-alike token
Dogecoin is the native coin of its own proof-of-work blockchain and needs no token contract address. Its supply has no cap: the protocol issues 10,000 new DOGE in every block.
It is not Dogecoin itself. Wrapped or bridged "DOGE" tokens on other chains are a separate category, and their backing depends on whoever issued them.
Buff Doge Coin is a BEP-20 token issued in August 2021, with a fee on each transaction and burns the team decides on. Sources give different fee rates, so you may receive fewer tokens than a swap quote shows. Check the received amount on a small test transaction.
Tokens with the same name are common on BNB Smart Chain. If the address does not match the one the project publishes, this is neither Dogecoin nor the token the project describes.
This sorts tokens by chain and contract address only. It cannot check the fee a contract actually charges, whether burns happen, or whether a wrapped token is backed. A block explorer is needed for that.
Buff Doge Coin: what the project claims
Most information on Buff Doge Coin comes from the project itself or from listing pages that copy its whitepaper. Read the points below as the project's stated design.
Launch and chain
The project site says it launched in August 2021. It gives the BNB Smart Chain contract above. Data aggregators link to the same chain.
Fees: two conflicting descriptions
- The token description repeated on data aggregators is a 10% fee on each trade. Half (5%) is redistributed to holders. The other 5% is split between BNB and liquidity on a decentralised exchange.
- The project's current website describes a 5% transaction fee that goes to holders, part of which feeds a burn wallet. It shows the liquidity share as "0 %".
A block explorer's view of the contract and its recent transactions shows which rate is actually charged.
The Double Burn schedule
Each manual burn is meant to be twice the size of the previous one. Aggregator copies of the whitepaper list a sequence starting at 1 million tokens and continuing 2M, 4M, 8M, 16M. The project site gives no dates or intervals. It says the eventual aim is to burn the remaining supply, and that earnings from a related trading product are converted to the token and burned.
Run the numbers before taking the doubling claim at face value. Starting at 1 million and doubling, about 30 burns would remove roughly a quadrillion tokens, which is the order of the token's stated maximum supply. How fast that happens depends entirely on how often the team chooses to burn. Nothing in the published material commits to a timetable.
Supply figures do not agree
The project FAQ says that "as 17th May 2023, our remaining circulating supply is 83,400,645,290,849 DOGECOIN (8.3%)." CoinMarketCap shows a maximum supply of 1 quadrillion, a total supply of about 989.48 trillion and a self-reported circulating supply of about 993.95 trillion. The same CoinMarketCap page also shows conflicting prices (about $0.08 in one field and about $0.0000000018 in another). It shows 24-hour volume as $0 in one section and "not available" in another. With figures this far apart, none of them can be relied on.
Charity pledge
The project site says "we pledge to make charitable donations using a portion of our profits." It names animal shelters and environmental work such as forest restoration. The site gives no amount, schedule or donation records.
Activity
The project FAQ's latest dated figure is from May 2023, and a linked whitepaper file appears to date from July 2023.
Why the shared ticker matters
Buff Doge Coin trades under the ticker "DOGECOIN". Dogecoin itself is DOGE. The overlap invites mistakes: searching "Dogecoin" in a wallet or on a decentralised exchange can surface the BNB Smart Chain token. Practical checks:
- Dogecoin is the native coin of its own chain. Holding it does not require a token contract address.
- Wrapped or bridged "DOGE" tokens on other chains are a separate category again, and their backing depends on whoever issued them.
- For Buff Doge Coin, compare the contract address character by character with the one the project publishes. Look-alike tokens with the same name are common on BNB Smart Chain.
- Fee-on-transfer tokens can return fewer tokens than a swap quote shows. Check the received amount on a small test transaction.
Key differences in one line each
- Purpose: Dogecoin is a payments and tipping currency with its own network. Buff Doge Coin is a meme token whose main pitch is its fee and burn design.
- Monetary policy: Dogecoin issues a fixed 10,000 coins per block indefinitely. Buff Doge Coin says it has a fixed maximum and is reduced through burns the team decides on.
- Who controls supply changes: Dogecoin's issuance is set by consensus rules that miners and nodes enforce. Buff Doge Coin's burns depend on the project team.
- Evidence base: Dogecoin's parameters are documented in its open-source code and FAQ. Buff Doge Coin's claims rest mainly on its own website and copies of its whitepaper.
