The year 2023 in cryptocurrency could be defined in many ways depending on where you stand. Many have gained and many have lost. This is rather emblematic of the sector's tendency to feel like a zero-sum game sometimes, of highs and lows following each other so soon. But the emergence of meme coins could be deemed a highlight. DogoDoge (DOGO) is the latest meme coin in the pipeline, currently in a crypto presale as it looks to go live with a flourish. In this article, we'll explore what it's for and ruminate on how it could draw inspiration from another presale meme coin, Dogetti (DETI), as it looks to cultivate its platform.
DogoDoge, the premier meme token and proprietary token of the DogoDoge ecosystem has officially been released on the Ethereum network. The digital currency platform recently unveiled its presale, with 39% of the total supply of 10 billion DOGO tokens being reserved for early investors to capitalize on this lucrative opportunity.
In addition to providing a valuable investment opportunity, DogoDoge is committed to safeguarding the interests of our furry friends. The company has set aside 5% of its overall supply to create a charity wallet that advocates for the protection of dogs. This is similar to Dogetti, which also donates a portion of its profits to a charity selected by its members.
Driven by the community, this coin is attracting attention for its innovative incorporation of NFTs and its Metaverse, the Dogoverse. DOGODOGE, an ERC-20 utility token, can be used to buy NFTs and participate in game modes, P2E, and governance. Players can also use the Dogo Swap DEX, a decentralized exchange that is integrated into all Dogo game arenas, to convert their DOGO tokens earned in-game to other currencies.
Meme coins are generally high in demand since they emerged in the crypto market. Although initially not taken with much seriousness, they are now increasingly regarded as good investment opportunities. Henceforth, the emergence of new meme coin projects does catch the eye of investors looking at crypto presales.
The wider crypto market has recently been beset with multiple issues that have somewhat drained the faith of investors in crypto, but the value of meme coins is often in them being low-cost commodities in the acquisition, therefore accompanied with less risk compared to other coins. Also, as meme coins are not necessarily tied to assets, their values are not always vulnerable to external events as some asset-tied coins can be.
Technically speaking, Dogetti's presale has not yet run its course with the meme coin due to go live in June. This means anything could still happen but if we take things as they are then Dogetti will go live in June having enjoyed an impressive presale.
The history of crypto presales would tell us that it isn't correct to immediately assume that a successful presale means a crypto coin will automatically become a major success in the market. But Dogetti has done nothing to spark pessimism amongst its supporters. It has successfully generated millions of dollars during its presale and cultivated trust through an open and inclusive platform that integrates its members into its project by becoming recipients of some of its earnings, as well as having an influence over the platform's future.
This doesn't mean that DogoDoge should immediately follow everything that Dogetti does. It is its own platform and it's important that it stands on its paws and creates its own sense of identity. But, as inspirations go, Dogetti would not be the worst roadmap to follow for it or any other future meme coins.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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