New meme coin Dogecoin20 raises $2 million in presale with fixed supply and staking.
Dogecoin20 ($DOGE20), a new meme-inspired token, has managed to raise an impressive $2 million during its presale phase, showcasing strong investor interest and enthusiasm for meme coins in the crypto market.
The presale, which commenced last Thursday, saw a rapid influx of funds, surpassing expectations and highlighting the growing popularity of meme-inspired cryptocurrencies.
Dogecoin20, priced at $0.000164 during its presale, represents a unique blend of meme culture and blockchain technology. Unlike its predecessor, Dogecoin20 has transitioned from a mining-based model to proof-of-stake block verification, offering improved scalability and sustainability.
Additionally, the project introduces staking options for token holders, allowing them to generate passive income and participate actively in the network.
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The success of Dogecoin20’s presale can be attributed to its innovative approach to blockchain technology and its appeal to both crypto enthusiasts and investors seeking high returns.
With a total token supply of 140 billion, Dogecoin20 aims to address the issue of infinite supply by implementing a fixed token supply model, thereby enhancing scarcity and value over time.
Furthermore, Dogecoin20’s media coverage in outlets such as Business Insider, Cointelegraph, Benzinga, the Times of India and on widely read newswire service Cision News has contributed to its growing visibility and recognition within the crypto space.
The project’s ability to capture the imagination of investors and garner positive attention from industry experts underscores its potential to become a prominent player in the meme coin market.
However, amidst Dogecoin20’s success, the original Dogecoin experienced a minor decline in price. Elon Musk’s recent comments regarding Dogecoin payments for Tesla cars have also contributed to volatility in Dogecoin’s price and market sentiment.
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Dogecoin20 also features staking, with buyers able to stake-to-earn starting now in the presale. Rewards for stakers are currently set at 369% per annum. 7.5 billion $DOGE20 tokens have already been staked so far, out of a total supply of 140 billion.
Dogecoin20 has placed 15% of its total token supply to distribute as rewards to stakers, providing an incentive for token holders to keep engaged with the project’s community long-term.
Looking ahead, Dogecoin20 aims to capitalise on its successful presale phase and continue building momentum within the crypto community. With a focus on community engagement, technological innovation and sustainable growth, Dogecoin20 seeks to establish itself as a leading meme coin with long-term viability and relevance in the crypto landscape.
In summary, Dogecoin20’s achievement in raising $2 million during its presale highlights the growing interest and demand for meme-inspired cryptocurrencies. As the project moves forward, $DOGE20 remains poised to make significant strides in the crypto market, offering investors both short-term opportunities for gains and long-term potential for growth and innovation.
For the latest updates on Dogecoin20, follow them on X (Twitter) or join their Telegram channel. Alternatively, visit their website to learn more about acquiring and staking their tokens.
