A brand new meme coin launched this week that has obtained retail buyers speaking.
This playful mission, known as Dogeverse (DOGEVERSE), has already raised greater than $1 million within the opening days of the non permanent pre-sale part.
DOGEVERSE goals to be a common meme coin with actual utility
Dogeverse is greater than only a dog-themed meme coin with no use case.
There’s some official utility within the premise of being the world’s first “chain-traveling Doge.”
In response to Dogeverse’s whitepaper, its key innovation is that it might work concurrently on a number of blockchain networks, together with Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.
Meaning buyers can open and use DOGEVERSE with minimal effort, no matter which crypto ecosystem they’re concerned in.
It is nearly like having a common meme coin that may ‘journey’ between completely different networks within the crypto house.
For instance, somebody who has invested closely within the Solana ecosystem now not wants to change to Ethereum to achieve publicity to DOGEVERSE.
But it surely’s not nearly accessibility – DOGEVERSE additionally has tangible monetary advantages.
Holders can stake their tokens and earn passive rewards, and the workforce plans to implement different “group incentives” later.
On the time of writing, DOGEVERSE stakers can earn an astonishing 582% annual return by locking up their tokens.
The presale of Dogeverse is off to an exciting begin
Thus far, the thrill round Dogeverse comes from the robust begin to the continued pre-sale occasion.
Like many new crypto initiatives, tokens are provided to early buyers at a reduced entry worth earlier than finally being listed on decentralized and centralized exchanges.
However the best way Dogeverse has structured its pre-sale, with 15% of the 200 billion agency supply on supply, has clearly generated curiosity.
DOGEVERSE tokens are at the moment promoting for simply $0.000291 every, a worth that can improve incrementally as new funding milestones are reached.
To place that into perspective, if an investor places down $1,000 at this stage, they’ll stroll away with over 3.4 million DOGEVERSE tokens.
This pre-sale mannequin, mixed with Dogeverse’s hilarious branding and multi-chain idea, has confirmed to be a successful components.
The mission’s social media channels, such because the Twitter pagehave exploded with new followers wanting to get in on the bottom flooring.
Whether or not Dogeverse maintains this early momentum stays to be seen, however the signal is undoubtedly off to a great begin.
Meme cash are having their mainstream second and DOGEVERSE appears able to capitalize
Whereas the meme coin craze was as soon as dismissed as a fad, 2024 has proven that this area of interest is right here to remain – and should grow to be much more mainstream.
In response to a CoinGecko report, meme tokens have been really the perfect performing crypto story to begin the 12 months.
Tasks like dogwifhat (WIF), which supply little sensible use, have seen their costs and market caps explode as speculative merchants rush in.
It’s now turning into more and more troublesome to disregard the “dumb” cash pouring into this house.
In that context, Dogeverse and its multi-chain ambitions may very well be extremely properly timed.
By taking an idea that has already pushed billions in buying and selling quantity and making it accessible throughout a number of blockchain ecosystems, it expands the pool of buyers and retailers.
In fact, crypto purists could also be alarmed by the shortage of sensible use instances.
But when the beginning of 2024 has taught us something, it is that memes and cultural relevance usually trump the basics on this market surroundings.
Dogeverse embraces that absurdity – and to this point it is resonated within the funding group.
Go to the Dogeverse presale
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