Chinese Dogecoin (狗狗币) Explained: Token Basics, Risks & Market Reality
Feb, 2 2025
Meme Coin Liquidity Risk Calculator
Why Liquidity Matters
Liquidity determines how easily you can buy/sell a token without significantly affecting its price. Low liquidity means high slippage and trading risks, especially for meme coins like Chinese Dogecoin.
Risk Assessment
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Interpreting Your Results
Low Risk (slippage < 5%): Trading is relatively safe with minimal price impact.
Medium Risk (slippage 5%-15%): Possible price impact - be cautious.
High Risk (slippage > 15%): Likely to experience severe slippage and trading failure.
Chinese Dogecoin (狗狗币), also marketed as Chinese Doge Wow (CHIDO), is a meme‑style cryptocurrency that lives on the Binance Smart Chain (BSC) as a BEP‑20 token. It tries to ride the coattails of the original Dogecoin, but offers none of the community backing, utility, or development activity that legitimate meme coins have built over the years.
Key Takeaways
- Chinese Dogecoin is a BEP‑20 token on BNB Smart Chain with a total supply of 1 billion CHIDO.
- Market data shows sub‑$30 k market cap and extremely low liquidity, making trades risky.
- Independent security firms label it a high‑risk or scam token due to opaque ownership and lack of audits.
- Compared to Dogecoin, Shiba Inu and Floki Inu, it provides no real use case or active community.
- Most experts advise avoiding it unless you are studying scam patterns, not investing.
Technical Snapshot
Chinese Dogecoin follows the standard BEP‑20 template:
- Contract address:
0x... (verified on BscScan) - Decimals: 18
- Total supply: 1 000 000 000 CHIDO
- Circulating supply (Oct 2023): 1 000 000 000 (some data sources incorrectly report zero)
The token inherits BNB Chain’s 3‑second block time and cheap transaction fees (≈ $0.05‑$0.10 per transfer). However, it lacks any of the advanced tokenomics you see in reputable projects - no auto‑liquidity, no anti‑whale measures, and no staking incentives.
Market Performance & Liquidity
Price quotes differ wildly across platforms because of the token’s negligible volume. A snapshot from CoinMarketCap (Oct 23 2023) listed CHIDO at $0.00002331 with a 24‑hour volume of about $500. Bitget, meanwhile, showed $0.0006729 and $7,360 volume the same day. Regardless of the number, the market cap hovers around $23 k - a drop‑in the ocean compared to Dogecoin’s $11.7 B.
Liquidity is a serious concern. PancakeSwap pools for CHIDO/BNB and CHIDO/BUSD together held only roughly $1,800 in total value as of Oct 2023. CertiK advises a minimum of $100 k for safety; falling short of that means most trades will slip or fail outright.
Why It’s Considered High‑Risk
Multiple red‑flags appear in security audits and community feedback:
- Unverified ownership - PeckShield’s October 2023 report marked the contract as “high‑risk” because the owner wallet is not publicly disclosed.
- Zero‑audit - No reputable audit firm has examined the code, and the contract shows only basic ERC‑20 functions.
- Suspicious token dumps - BscScan logs reveal a single wallet moved 850 million CHIDO (85 % of supply) into liquidity pools within days of launch, a classic exit‑scam move.
- Fake volume - Reported 24‑hour volumes swing from $500 to $7,000 with virtually no real trades, indicating wash‑trading bots.
- Community sentiment - Reddit, Trustpilot and Bitget forums report > 80 % negative feedback, citing withdrawals that never process and support that never replies.
Comparison with Established Meme Coins
| Metric | Chinese Dogecoin (CHIDO) | Dogecoin (DOGE) | Shiba Inu (SHIB) | Floki Inu (FLOKI) |
|---|---|---|---|---|
| Blockchain | BNB Smart Chain (BEP‑20) | Proof‑of‑Work (Dogecoin) / merged with Litecoin | Ethereum (ERC‑20) | Ethereum (ERC‑20) |
| Market Cap | ~$23 k | $11.7 B | $4.2 B | $1.1 B |
| 24‑h Volume | $500‑$7 k (inconsistent) | $1.2 B | $250 M | $85 M |
| Liquidity (PancakeSwap / Uniswap) | ≈ $1.8 k | Deep (multiple DEXs) | ≈ $30 M | ≈ $12 M |
| Active Wallets (30‑day) | 0 (DappRadar) | ~250 k | ~180 k | ~90 k |
| Audit Status | No audit | Audited (multiple reports) | Audited (CertiK) | Audited (HashEx) |
The numbers make it clear: Chinese Dogecoin is a fringe token with almost no economic substance.
How to Acquire (and Why It’s Tricky)
If you still want to see the token in action, you’ll need a crypto wallet that supports custom BEP‑20 tokens (MetaMask, Trust Wallet, etc.) and a small amount of BNB for gas. The typical steps are:
- Install a compatible wallet and back up the seed phrase.
- Buy BNB on a centralized exchange and transfer it to your wallet.
- Visit PancakeSwap, click “Add Token,” paste the CHIDO contract address, and confirm.
- Swap BNB for CHIDO using the minimal liquidity pool.
Because liquidity is so thin, the swap often fails or slippage exceeds 90 %. Moreover, the token is not listed on major custodial wallets (Ledger, Trezor), so you’re stuck with a manual setup that many beginners find intimidating.
Legal & Regulatory Perspective
China has banned crypto activities since 2021, meaning any project that brands itself “Chinese” while operating on a foreign blockchain raises eyebrows. The U.S. SEC has previously targeted similar “copycat” tokens for securities violations when the developers retain control over the majority of supply and promise undisclosed partnerships. While there’s no direct enforcement action against CHIDO yet, the pattern aligns with the SEC’s cases against Wolf DeFi and Squid Game Token.
Red Flags Checklist - Should You Stay Away?
- No public development team or whitepaper.
- Contract owner wallet holds > 50 % of supply.
- Liquidity < $2 k on PancakeSwap.
- Zero active wallets in DappRadar’s last 30 days.
- Multiple security firm reports label it “high‑risk.”
- Community sentiment overwhelmingly negative.
If any of the above apply, treat the token as a potential scam.
Bottom Line
Chinese Dogecoin is a meme‑coin copy that offers no real utility, almost no liquidity, and a slew of warning signs from auditors, regulators, and everyday traders. It can be a case study in how brand‑name hijacking works, but it’s not a viable investment. Unless you’re specifically researching fraudulent token patterns, walk away.
Frequently Asked Questions
What blockchain does Chinese Dogecoin run on?
It is a BEP‑20 token on the Binance Smart Chain (BNB Smart Chain).
Is there an official wallet that supports CHIDO?
No major custodial wallets list CHIDO. Users must add the contract manually to DeFi‑compatible wallets like MetaMask or Trust Wallet.
How risky is investing in Chinese Dogecoin?
Extremely risky. Security firms label it high‑risk, liquidity is under $2 k, and most analysts classify it as a likely scam.
Can I trade Chinese Dogecoin on centralized exchanges?
Only a few niche exchanges list CHIDO, and they often impose high withdrawal minimums. Most traders use decentralized exchanges like PancakeSwap.
What are the main differences between Chinese Dogecoin and the original Dogecoin?
Dogecoin runs on a proof‑of‑work chain, has a strong community, real merchant adoption, and a market cap in the billions. Chinese Dogecoin is a BEP‑20 token with no utility, tiny market cap, and no active community.
