Dogecoin20: After raising $5.5M in one week, just $1M remains for $DOGE20 presale—why are traders buying big bags? Traders rush to buy $DOGE20 for its potential value surge. The project introduces PoS, passive income, and a fixed token supply, aiming to lead the meme coin market
The presale for Dogecoin20 ($DOGE20) has less than $1 million in funds remaining after an enormous $5.5 million of the newly emerging meme coin was snapped up in under a week.Traders are flocking to the $DOGE20 fundraising stage to buy large bags of the upgraded Dogecoin, believing it has the potential to explode in value following its launch.
With a newly upgraded PoS consensus mechanism, a passive income feature, and a rigid tokenomics structure, Dogecoin20 intends to build on Dogecoin's platform and lead the Doge-related meme coin race.
Dogecoin20 presale raises $5.5M in one week — under $1M remaining
Spotlight WireDogeocin20 has raised an impressive $5.5 million in fundraising in under a week, demonstrating the huge popularity and hype behind the new dog-based meme coin in the market.With a fundraising goal of $6.3 million, just under $1 million $DOGE20 remains to be purchased before the presale closes, presenting the last opportunity to become an early adopter of this newly emerging meme coin.
Dogeocin20 intends to become the ultimate Dogecoin upgrade, pushing Elon Musk's favourite meme coin into a sustainable future.
In fact, many investors describe the project as the Dogecoin version Musk would have chosen to launch if he had been the one creating the original Dogecoin in 2013.
The project introduces the proof-of-stake mining algorithm to the Doge-related meme coin race, offering an environmentally friendly alternative to Dogecoin's energy-hungry proof-of-work mining.
With a "Do Only Good Everyday" motto, Dogecoin20 has a distinctive meme design and innovative technology to help bring Dogecoin into the modern DeFi era.
Passive income potential: Why are traders buying big bags?
Spotlight WireTraders are rushing to the $DOGE20 presale after learning about the passive income potential of the project.The PoS mining algorithm introduces a new staking feature, allowing $DOGE20 holders to lock their tokens into the ecosystem to start earning a passive income through staking.
Everybody who stakes their $DOGE20 will be rewarded with tokens based on their staking percentage of the staking pool.
The team has set aside a generous 15% of the total $DOGE20 token supply to provide the rewards to stakers over the next two years. In addition, 12.5% of this allocation will be distributed to stakers in the first year, incentivising holders to start staking earlier.
Spotlight WireThose currently staking their $DOGE20 are earning an impressive 170% APY on their holdings. The high APY is designed to incentivise users to stake their $DOGE20 tokens, helping reduce selling pressure on the open market when the project launches.Upgrading on Dogecoin: New tokenomics and better tech
Besides the staking feature, Dogecoin20 further enhances its status as the ultimate Dogecoin upgrade due to its improved tokenomics with a more streamlined structure and enhanced technology.
One problem facing Dogecoin holders is that $DOGE is an infinite-inflation token, meaning there is no upside limit to the number of tokens that can be minted through mining. As a result, those holding $DOGE will experience inflation forever, thereby reducing the value of the tokens in their wallets.
$DOGE20 circumvents the infinite inflation problem by introducing a very clear tokenomics structure, with a fixed supply of 140 billion $DOGE20 tokens.
Spotlight WireThe tokenomics structure is then broken down into the following:25% for the presale25% for marketing25% for the project treasury15% for staking rewards10% for DEX liquidity
In addition to the expertly crafted tokenomics, $DOGE20 boasts improved technology over the original Dogecoin because it's an ERC-20 token. As a result, $DOGE20 is already DeFi-ready, facilitating easy integration into the thousands of projects within the Ethereum ecosystem.
This also means that $DOGE20 provides fast transactions with cheaper fees and is compatible with every major wallet in the ecosystem, including MetaMask and Trust Wallet.
How to buy $DOGE20
Spotlight WireWith less than a million dollars in $DOGE left to purchase, you'll need to quickly secure your position if you wish to be an early adopter of the newly emerging Doge-related sensation.$DOGE20 is currently undergoing its presale and is being sold for $0.00205. The presale uses a rising pricing strategy, so the cost of the token will increase to $0.00206 in its final stage as it approaches its $6.135 fundraising goal.
Buying $DOGE20 is easy. You only need $ETH, $USDT, or a credit/debit card.
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, the hype behind $DOGE20 is just getting started and is only expected to continue throughout the token launch, aiding the surge of the Doge-related meme coin, following in the footsteps of $BONK, $WIF, and $DOGE.
Buy $DOGE20 today.
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This story originally appeared on: India Times - Author:Faqs of Insurances
