Pi Network celebrated its fifth anniversary last week, and many people expressed dissatisfaction with the long delay in launching the mainnet. The project has been in development for over four years; However, the core team has not yet provided a definitive plan or date for the Mainnet to go public.
The Pi Network team had officially announced their intention to launch the 2024 Open Mainnet phase from March to June. In a blog post published on December 27, the team stated that the Open Mainnet phase is ready to fully unlock the potential of the Pi blockchain.
This phase is expected to enable Pi users to effortlessly convert their Pi coins into various crypto and fiat currencies. It also provides an opportunity for developers to innovate by developing utilities and applications that take advantage of the flexible nature of the network.
Although there is a great deal of enthusiasm surrounding this announcement, the Pi Network team remains cautious. As such, investors are searching for the Pi Coin alternative Dogecoin20 token.
DOGE20 Pre-Sale Accelerates with Passive Income Generating Stake Feature
New dog-themed meme coin Dogecoin20 (DOGE20) successfully raised $3 million in 4 days. Investors are looking to position themselves as early adopters of the meme coin by rushing to purchase Dogecoin20 tokens in the newly launched pre-sale event. It is also rushing to take advantage of the expected price increase following its launch.
With a unique staking feature that generates passive income, an eco-friendly consensus mechanism, and a clever tokenomic structure for long-term sustainability, DOGE20 is planned to be the next dog-based meme coin on the market.
There is a growing interest in the DOGE20 presale among investors as they see it offering distinctive features that have the potential to elevate Dogecoin to a superior level. DOGE20 uses an environmentally friendly proof-of-stake consensus mechanism and is based on the ERC-20 protocol. This allows it to offer advanced functionality compared to its predecessor, Dogecoin. Additionally, the project integrates a new staking infrastructure that allows DOGE20 holders to generate passive income.
Difference of Dogecoin20 from DOGE
Dogecoin20 is not intended to replace Dogecoin. Instead, it pays homage to the famous meme coin by bringing a new perspective to the meme coin realm with its improved features. He also demonstrates his desire to establish himself as a virtuous meme through humanitarian initiatives, adhering to the principle of ‘Only Do Good Every Day’.
Dogecoin20 uses the Ethereum proof-of-stake (PoS) mining mechanism instead of the energy-intensive proof-of-work (PoW) mining technique used in DOGE. This makes it a more environmentally friendly option compared to Dogecoin.
On the other hand, despite Dogecoin’s prominent position in the meme coin industry, investors are increasingly voicing concerns about the potential for continued inflation. This means that the mining process does not impose any upper limit on the amount of DOGE that can be produced.
Dogecoin20 aims to address this issue by implementing a distinctive tokenomic framework characterized by a maximum circulating supply of 140 billion DOGE. This follows the “sound money” principle pioneered by Bitcoin, offering a distinct advantage over the inflationary Dogecoin.
As a result, DOGE20 serves as a viable anti-inflationary alternative to Dogecoin. It also offers investors assurance that their investments will not be diluted in the long term.
Dogecoin20 Token Staking Mechanism
Investors are also interested in the fact that DOGE20 is an ERC-20 token, meaning it is a DeFi-ready protocol that can be integrated into decentralized finance projects on the Ethereum blockchain. Additionally, DOGE20 is compatible with commonly used wallets in the market and offers accelerated and more cost-effective transactions compared to DOGE. The best part of the project is its staking ecosystem, which offers owners who purchase Dogecoin20 tokens a unique opportunity to earn passive income through mining.
The staking infrastructure allows DOGE20 holders to stake their tokens and earn rewards based on their stake percentage in the staking pool. Individuals who invest more in DOGE20 gain more advantages.
The team has allocated 15 percent of the total DOGE20 token supply to provide rewards for the passive income mechanism over the next two years. The majority of this allocation, specifically 12.5 percent, is designated to be distributed during the first year. This provides a strong motivation for owners to start staking immediately.
Currently, those who stake DOGE20 through the presale earn an impressive 275 percent annual rate of return (APY). High staking rewards encourage DOGE20 investors to hold on, helping to reduce selling pressure in the market once the meme coin is launched.
Dogecoin20 Price and Roadmap
Dogecoin20’s roadmap outlines ambitious plans for the future, including expanding the ecosystem, introducing new features, and strengthening community relationships. Behind the project is a team of experienced developers and crypto enthusiasts dedicated to the vision of making DOGE20 a permanent fixture in the crypto world with SHIBA and DOGE.
The current pre-sale offers DOGE20 at a price of $0.000201. Interested investors can purchase the token via the website.
Disclaimer: This is a sponsored content and press release and what is written here cryptokoin.com It does not reflect the views of the team. 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.
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