This past weekend, Solana reached a record market value, bucking the prevailing market trend. Solana’s market cap rose to $80 billion, but the price per token remained well below its previous peak. Still, as of the time this news was written, it managed to gain more than 36 percent in value in the last week.
On the other hand, Raydium (RAY) and the recently launched Jupiter (JUP) also increased by more than 30 percent over the weekend. Meanwhile, Solana-based major coins such as WIF and BONK experienced a decline, reflecting the overall market trend. Investors have turned their focus to Dogecoin20 token purchases due to newfound enthusiasm for meme coins.
Dogecoin20 (DOGE20) Jumpstarts with Stake Rewards on Ethereum
Inspired by the popular meme coin Dogecoin, Dogecoin20 (DOGE20) capitalizes on the market excitement while providing unique advantages with its pre-sale.
The focus of the project revolves around a Stake-to-Earn (S2E) mechanism that serves to foster the community and at the same time improve the functionality of the project. Serving as a groundbreaking and unique alternative to Dogecoin, the new cryptocurrency pays homage to the original meme coin while exploring uncharted territory.
Currently, those who want to buy Dogecoin20 token can obtain the token for $ 0.000158. As the pre-sale progresses, the cost of obtaining DOGE20 will increase depending on the various tranches. The first increase will occur in less than 2 days.
Although still in its early stages, Dogecoin20 is quickly establishing itself as an asset with potential. DOGE20 demonstrates a new approach to financial innovation by combining advanced tokenomics and usability. Thus enhancing the dynamic nature of Dogecoin.
Dogecoin20 Tokenomics and Staking Mechanism
One of the most important aspects of Dogecoin20 stands out as its pioneering tokenomics approach aimed at achieving continued success. It seems that 25 percent of the tokens were distributed for pre-sale, 25 percent for marketing purposes, and 25 percent for the project treasury. Additionally, 15 percent is reserved for staking rewards and 10 percent for DEX liquidity.
This offers a unique balance between tools for community empowerment and ecosystem expansion.
Dogecoin20 token implements a smart staking mechanism that encourages its holders to actively participate in the system rather than passively observing it.
Holders have the option to exchange their tokens for passive benefits with an Annual Percentage Yield (APY) directly linked to the number of tokens staked. The current APY is 471 percent, but as the APY decreases as more tokens are deposited, early adopters have a better chance.
The fact that the Dogecoin20 supply is limited to a maximum of 140 billion tokens provides an additional advantage. As it is known, the first Dogecoin caused inflation because it had no supply limit and a potential threat of token dilution arose.
Dogecoin20’s Six-Step Plan
According to the Dogecoin20 whitepaper, it aims to go beyond the digital sphere and have a tangible impact in the physical world. It aims to use its power to provide support for charitable activities, community projects and noble causes.
As a result, the project appears to have the potential to reinvent established rules in the cryptocurrency industry, leading it towards a future characterized by inclusivity and significant impact.
The initiative also sets out a six-phase plan for the implementation of the project. Phase one represents the phase that focuses on running a successful pre-sales and launch marketing campaign.
The second phase is dedicated to starting the staking process and allocating rewards. The third and fourth phases include the DEX launch and a simultaneous token generation event (TGE) where investors who purchased Dogecoin20 tokens can claim their tokens.
The fifth phase involves launching Dogecoin20’s DEX liquidity pool and ensuring investors can buy and sell the token seamlessly.
Next comes the sixth stage. This brings a long-term perspective to staking rewards, increasing the project’s chances of lasting success.
The whitepaper also states that “the future journey holds the promise of further enhancing the utility of the token,” hinting that new features may be announced in the future.
Dogecoin20’s Mission and Roadmap
Computer developers Billy Markus and Jackson Palmer created Dogecoin as a joke in 2013. In light of the maturation of the meme coin market, Dogecoin20 emerges as a smart alternative with advanced tokenomics and functionality.
Dogecoin20 is an extension of the original idea, embodying the fundamental principle of “Do Only Kindness Every Day” and offers a suitable alternative to current market conditions.
Dogecoin20 is a native component of the Ethereum blockchain and provides convenient and seamless access to the most prominent smart contract network in the cryptocurrency industry.
Dogecoin20 Pre-Sale
Even though Dogecoin20 started its pre-sale recently, it managed to raise over $1.5 million. Those who wish can purchase DOGE20 tokens from the website. They just need to connect their cryptocurrency wallet to make the transaction. Pre-sale investors also have the opportunity to start staking their tokens immediately. Thus, this provides additional motivation for those who buy early.
Disclaimer: This is a sponsored content and press release, and what is written here does not reflect the views of the Kriptokoin.com team. The high risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform. To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!