New dog-based $DOGE20 raises $2M In 4 days: What is Dogecoin20, and why are traders rushing to get positioned in this upgraded Dogecoin early?
A new dog-based meme coin has stormed onto the market with an impressive entrance after raising $2 million in just four days. Investors are rushing to the newly launched Dogecoin20 ($DOGE20) presale to be positioned as early adopters in the meme coin, allowing them to benefit from the expected price surge following its launch.With a unique staking feature providing a passive income, an eco-friendly consensus mechanism, and a brilliantly crafted tokenomics structure for long-term sustainability, $DOGE20 is slated to become the next dog-based meme coin sensation in the market.
Spotlight WireInvestors warmly welcomed Dogecoin20 as a promising meme coin project after the newly launched Doge-related token raised an impressive $2 million in just four days, demonstrating the immense hype behind the project.Investors are flocking to the $DOGE20 presale, believing it provides unique features that could make it the ultimate Dogecoin upgrade. In addition to using an eco-friendly proof-of-stake consensus mechanism, $DOGE20 is an ERC-20-based token, allowing it to provide enhanced features relative to its predecessor, Dogecoin. The project also incorporates a new staking infrastructure that allows $DOGE20 holders to earn a passive income.
Dogecoin20 doesn't intend to replace Dogecoin. Instead, it pays homage to the legendary meme coin by bringing a new twist to the meme coin universe through its enhanced features. It also lives by the ethos of ‘Do Only Good Everyday,’ showing that it intends to become a wholesome meme coin through philanthropic endeavours.
Given its impressive market entrance, it's clear that $DOGE20 is being touted as a potential top contender in the dog-based meme coin race, with its enhanced features and community-centred focus helping its head into mainstream circles.
The ultimate Dogecoin upgrade: What is Dogecoin20?
Spotlight WireDogecoin20 is described as the ultimate Dogecoin upgrade, and its presale presents a unique opportunity to get positioned in the ‘Doge 2.0’ at some of the lowest possible prices. Instead of using the energy-intensive proof-of-work mining algorithm like $DOGE, Dogecoin20 employs the Ethereum environmentally friendly proof-of-stake mining mechanism, making it a greener alternative to Dogecoin.
Furthermore, although Dogecoin is a powerhouse giant in the meme coin space, investors are growing concerned about its infinite inflation dynamics. This means there isn't any upside limit to the amount of $DOGE that can be minted through mining.
Dogecoin20 seeks to resolve this concern through its uniquely crafted tokenomics structure, which has a maximum circulating supply of 140 billion $DOGE. As a result, $DOGE20 is an anti-inflationary alternative to Dogecoin, providing investors with the confidence that their holdings won't be diluted over time.
Investors are also intrigued by the fact that $DOGE20 is an ERC-20 token, meaning it's a DeFi-ready protocol capable of being integrated into decentralised finance projects on the Ethereum blockchain. In addition, $DOGE20 is compatible with popular wallets on the market and can provide faster and cheaper transactions than $DOGE. The project's best part is its staking ecosystem, which offers a unique opportunity for $DOGE20 holders to earn a passive income through mining.
Passive income for $DOGE20 holders
Spotlight WireOne of the primary focuses behind the impressive Dogecoin20 presale is its unique staking ecosystem, allowing $DOGE20 to be deposited to provide a passive income to its holders. The staking infrastructure allows $DOGE20 holders to stake their tokens and earn rewards based on their staking percentage of the staking pool. Those that stake more $DOGE20 earn higher rewards.The team has set aside 15% of the total $DOGE20 token supply to provide rewards for the passive income mechanism over the next two years. Most of this allocation - 12.5% - is earmarked to be distributed within the first year, presenting a solid incentive for holders to start staking immediately.
Those currently staking $DOGE20 through the presale are earning an impressive 415% APY.
Spotlight WireThe high staking rewards encourage $DOGE20 investors to keep holding, helping reduce selling pressure on the market when the meme coin launches.Presale early adopter phase here: How to buy $DOGE20
The presale for Dogecoin20 presents you with the opportunity to get positioned in $DOGE20 at what could be the lowest possible prices.The presale is currently selling $DOGE20 for $0.000158. However, the rising pricing strategy in fundraising means that the cost of the token increases during subsequent presale stages. Therefore, those who are positioned the earliest benefit the most.
Spotlight Wire25% of the overall 140 billion $DOGE20 supply will be sold in the presale.Of the remaining supply, 25% is set aside for marketing to help $DOGE20 remain competitive in the meme coin market, and 15% is designated for passive income rewards. Another 25% is allocated to the project's treasury, allowing the community to vote on its wholesome utilisation.
The final 10% is reserved to add liquidity to decentralised exchanges, allowing $DOGE20 to provide a smooth trading experience for buyers when it launches.
$DOGE20 can be purchased using the secure Web3Payments gateway on the project’s website
Go to the official $DOGE20 presale page.Fund your wallet with $ETH or $USDT and connect to the Web3Payments widget.Use the presale widget to swap your currency for $DOGE20, entering the desired amount you wish to purchase.If you prefer plastic, order $DOGE20 tokens to your wallet using your credit/debit card.
Overall, Dogecoin20 is an exciting new project that's already started with fireworks and is expected to continue thriving throughout the rest of its presale. The unique passive income staking feature puts $DOGE20 in a different league than the traditional dog-based meme coins, making this an opportunity not to miss.
Visit $DOGE20 today.
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This story originally appeared on: India Times - Author:Faqs of Insurances
