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EtherFi, the leading liquid restaking protocol on the Ethereum blockchain, recently announced the distribution strategy of its governance tokens ETHFI. In the first phase, where the total supply is limited to 1 billion tokens, 115.2 million tokens will be put into circulation. Crypto investors continue their research on ETHFI’s growth potential.
EthereFi aims to make staking more accessible, efficient and user-centric. It offers its users a decentralized and non-custodial liquid staking protocol on the Ethereum blockchain.
EtherFi, which has taken important steps in its journey by being listed on Binance and OKX, will also take part as the Binance Launchpool project. Additionally, a wallet attributed to Tron founder Justin Sun deposited a large amount of Ethereum (ETH) to EtherFi. This investment represents a significant event for both Justin Sun and the EtherFi platform.
Justin Sun’s wallet got nearly 6% of the $ETHFI airdrop supply, nearly $20M
Top 500 wallets have about 85% total
NEWS CONTINUES BELOWLinear distribution advocates, remind me again how this is a good solution? pic.twitter.com/WgLWl9ipSy
— Blur (@BlurCrypto) March 16, 2024
Another development regarding EtherFi was the team’s airdrop announcement. The airdrop news sparked some controversy in the crypto community. The team shared a long list explaining the conditions for participating in the airdrop. In the list of rules, the first 500 wallets will receive 85 percent of the total airdrop tokens, and the remaining 15 percent will be shared among 70 thousand wallets.
There were those who interpreted this distribution plan as an invitation for whales to influence the token price. For this reason, it caused disappointment in the eyes of some investors. After this news, it became a matter of great curiosity whether EtherFi could gain momentum or not.
According to the sponsored content, investors who want to buy the ETHFI alternative Dogecoin20 token can do detailed research and make their own decisions. This new project, which is in the first phase of pre-sale, is offering its tokens at a price of $0.00017. Details of the project are explained in this sponsored article.
Dogecoin20 (DOGE20) – A New Look at Dog-Themed Meme Coins
DOGE20, the new Shiba Inu-themed meme coin, is available on the Ethereum blockchain. The project, which attaches importance to a fair and transparent token distribution strategy, has launched a pre-sale that offers equal conditions to all its participants. Staking opportunities are another striking feature of the project.
Dogecoin20 entered the crypto market just a few days ago and raised more than $300k in the first 24 hours of its presale. Currently, its pre-sale revenue is close to 2.5 million. Presenting itself as a revamped version of Dogecoin, this project builds on the success of previous dog-themed projects. It fits current market dynamics by adding benefit-based approaches to them.
Guided by the philosophy of “do good every day,” Dogecoin20 conveys the spirit of philanthropy of the Doge family. At the same time, it proudly continues its tradition of revolutionizing the cryptocurrency industry.
On-chain Staking Functionality
DOGE20, a dog-themed meme coin, offers the token’s inherent utility through its Stake-to-Earn mechanism, which allows holders to earn passive rewards on their investments. The on-chain staking feature is offered in an innovative way. In on-chain staking, rewards begin to be earned instantly. There is no waiting or connecting time.
Users can earn passive income and additional returns by staking DOGE20 tokens. DOGE20 staking rewards will be paid to users every block, and 15 percent of the token supply will be distributed over a two-year period.
Staking rewards are calculated based on the percentage of the DOGE20 staking pool and the current annual interest yield (APY). Currently, investors can get an APY rate of 326 percent. However, this rate will decrease as more tokens are pledged.
Unlike traditional Dogecoin dog coins, which are widely used for various community payments and tips, Dogecoin20 works on Ether Proof of Stake. It makes transactions faster and more environmentally friendly, without the need for a complex mining process.
What are the advantages of DOGE20?
Dogecoin20’s security and decentralization are further enhanced with the Ether blockchain acting as the hub of DeFi. Some advantages are offered to those who want to buy Dogecoin20 tokens. Here they are:
- Allows generating passive income through staking
- Faster transactions with Ethereum Proof of Stake
- Provides equal opportunity to investors
- Community-centric token
- Being environmentally friendly (Original Doge includes mining. DOGE20 allows staking instead of mining to generate income.)
Another advantage of Dogecoin20 is that the maximum supply is set at 140 billion tokens. This restriction prevents inflation and price dilution, embodying Bitcoin’s “sound money” principle.
Conclusion
The meme coin industry continues to grow. This success achieved by DOGE20 in a short time increases hopes for it. It leads investors to think that the next successful coin could be DOGE20.
DOGE20 is an Ethereum ERC-20 standard token and guarantees its sustainability. Its technological know-how allows it to be part of a constantly developing network. It also allows you to potentially earn passive income through on-chain staking.
If you are curious about Dogecoin20, check out the project’s official website and review its technical documentation.
Click to review Dogecoin20 token from its official website.
