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Versatile coins are often associated with longevity in the cryptocurrency market. The most versatile tokens have continued relevance for extended periods, as they are often accompanied by well-formed protocols that serve a wide range of users on the market, including traders and non-traders. New memecoin Dogeliens (DOGET) is looking to build such a protocol, as the whitepaper suggests. The token has the potential to get to the levels of other top versatile projects like Ethereum (ETH) and Cosmos (ATOM). Here's a review of how Dogeliens (DOGET) stands against them.
Ethereum's introduction into the cryptocurrency market was greeted with enthusiasm because of the features that existed on the platform then. The platform also bore lots of promise for the future, as it has become the most popular token in the crypto space.
Ethereum's primary introduction to the market featured the beginning of smart contract integration and implementation in the world of DeFi. Previously, the users had to satisfy the requirements of a set transfer and stay online to complete the transaction. Now, users can schedule transactions so that the smart contract instantly validates the transactions when the other party completes the terms on their end.
Smart contract integration contributed considerably to enhancing user experiences on the network, and now, most coin projects support smart contract usage. Apart from smart contracts, Ethereum (ETH) hosts several DeFi solutions, from decentralized exchanges to stablecoins and NFT marketplaces.
Ethereum (ETH) is a current big player in the cryptocurrency market, and despite the bearish market in 2022, the coin is available for $1589, according to CoinGecko.
Cosmos (ATOM) represents the first of a chain of cross-chain currencies. The developers intended to create a network of blockchains where Cosmos (ATOM) would be a relay station, complete with access to all the blockchains.
Cosmos (ATOM) is built on a Byzantine Fault Tolerance protocol which allows the network to come to a consensus even when one or more validators are not present for the consensus. The BFT is essentially a proof of stake protocol, and it supports a software development kit (SDK) and a central hub, both of which contribute to the network's cross-chain property.
The software development kit is a software framework that allows developers to build multi-asset proof of stake blockchains on the platform. The central hub represents the relay station, as it is the centre of all operations on the Cosmos (ATOM) platform. The central hub provides security to transactions and oversees inter-blockchain bridges and exchanges.
Cosmos (ATOM) aims to solve scalability issues with its several parallel chains. These take care of other transactions, while the hub and SDK handle interchain communication. The native token, ATOM, is available on CoinMarketCap for $14.25.
Dogeliens (DOGET) is a new memecoin looking to launch in the cryptocurrency market soon. Before its launch date, the token wants to get a huge, committed community as its ambitions stretch outside this world.
The coin is planning to establish itself as the primary currency for interspecies trading between humans and extraterrestrials. The plan is still some way into the future, so Dogeliens is here to launch its earthly presence first.
The approach to Dogeliens' popularity is in three parts. First, as a memecoin, it is planning to gain many members by providing humour in the cryptocurrency market. Next, the Puptopia ecosystem–which will feature a Metaverse space, an e-learning platform, and an NFT marketplace–is intended to keep users engaged on the platform, as the components appeal to a wide range of crypto users.
Finally, the Dogeliens (DOGET) platform aims to help combat poverty and lack of education worldwide by building schools in underdeveloped regions. The funding for such projects will come from the token's treasury account, which draws a 10% tax on every transaction carried out on the platform. The developers have earmarked 3% of the total tax for charity across the globe.
Wondering where you can get your DOGET tokens today?
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
