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Offering investors a newer, more utility-focused version of Dogecoin, Dogecoin20 has decided to launch ahead of schedule.
Originally, developers had set the 20th of April as its launch date to capitalize on the prominence of it being Doge Day. However, due to an unprecedented spike in demand, and the fact that the token has already raised more than $10 million, developers have decided to accelerate the claim date and DEX launch. The token is now going live two days early, on Thursday, the 18th of April at 10am UTC.
What is Dogecoin20?
Dogecoin20 is an ERC-20 token built on the Ethereum blockchain, designed to take the Doge-theme to new heights. Drawing inspiration from the success of Dogecoin and the meme coin craze, Dogecoin20 aims to foster a sense of community and support charitable initiatives while providing investors with exciting earning potential.
The project integrates the concept of staking, allowing holders to earn passive rewards by participating in the project’s ecosystem. This feature not only incentivizes long-term investment but also promotes a sustainable and engaged community.
Dogecoin20’s roadmap is divided into six phases, each meticulously designed to ensure a fair and transparent launch, followed by a robust marketing strategy and the implementation of the staking contract. The project’s developers have taken a proactive approach to address concerns surrounding token supply, capping it at a fixed 140 billion DOGE20 tokens to mitigate potential inflationary pressures.
Price Action and Investment Opportunity
Since its launch on March 14th, Dogecoin20 captured the attention of investors worldwide, hitting $5 million in its first week week – a remarkable achievement for a newcomer in the crypto space. This early success fueled the hype surrounding the project, with investors eager to seize the potential opportunity it presented from the very start.
At the time of writing, Dogecoin20 has already sold out its $10,068,663 hard cap. The current token price stands at $0.00022, with investors expecting a pump as soon as it gets listed officially on Uniswap this Thursday.