Promising to elevate the status of Doge to an exponential level of DogeSquared, written as Doge², this meme coin project is developed on Ethereum as a Layer 2 solution. It’s carving its own unique niche within the meme coin space by blending comedy and utility – something only a few tokens have attempted in the past.
But whereas other DOGE-themed meme coins have limited themselves to tweets and good words, Doge² promises something different, something more attuned to use cases and everything that could change the way people look at Dogecoin in general.
Doge²’s Plans to Supercharge the Dogecoin Ecosystem
Most Doge-inspired meme coins that have arrived since the beginning of this year have followed a singular line of thought – creating memes without providing any use cases. And for the most part, they have been successful in their endeavors. However, the community has been quick to lose interest in them with time, as more often than not, their rapid surge in value is followed by a steep correction.
Furthermore, these tokens are being portrayed as alternatives, not something of value for existing customers. Doge² has taken a different route by creating an L2 Solution that would benefit the existing Dogecoin network.
The goals are simple: provide a way to enhance the value of Dogecoin so that it could get out of its memetic shell and increase in value over the long term through use cases.
Doge², a proof-of-stake token developed on the Ethereum blockchain, is bringing this to light by developing an ecosystem that can “supercharge” the current world of Dogecoin by adding the benefits of enhanced transaction speeds, lower transaction costs, cross-chain communication, and infinite scalability.
That’s not to say that the focus on community-centricity, which has essentially been Dogecoin’s bread and butter, has been lost. The imagery portrayed of the mascot is unique and really delights the senses with its 2D looks and cybernetic touch. It hints at the presence of something more technologically advanced, and perhaps that’s the reason it has been gaining so much attention in the market.
What Makes Doge² a Suitable Addition for DOGE Investors?
Dogecoin has been the favorite coin among the degens – degenerate investors. The appeal of the token’s mascot, combined with Elon Musk’s antics, has provided Dogecoin much-needed notoriety. However, while there has been a rising demand for more utilities to emerge from the ecosystem, not much has been done.
That’s where Doge² aims to become a shining example. This meme coin project will give Dogecoin investors another reason to be excited through its implementation of layer 2 solutions.
With this implementation comes enhanced scalability and speed. The addition of low-cost transactions will prep Dogecoin in a way that it could be easily implemented for real-world applications.
Furthermore, the Ethereum-developed Doge² will soon make a transition to Dogecoin. This simple act will unlock Dogecoin’s and Ethereum’s existing limitations, making Dogecoin interoperable and allowing it to unite the meme coin community in a more consolidated fashion.
A combined impact of these factors would enhance the community-centricity of the token, allowing Dogecoin investors to gain advantages in the global crypto arena through newly developed DeFi applications.
A Comprehensive Look At Doge² Tokenomics
Doge², like most community-driven assets, has taken a nuanced take on tokenomics. No tokens are held with the team but are instead divided into presale, marketing, staking, and development of the layer 2 solution. Here is the complete breakdown:
- 20% is for development
- 15% is for marketing
- 15% is for staking
- 50% is for presale
Putting forth half of the total token supply of 5 billion tokens towards the presale means that the Doge² community will have the final say when it comes to evolving Doge². Furthermore, this approach will give a wider array of investors a chance to participate, many of whom could be developers.
That influx of capable investors could redefine what Doge² could become in the long run.
Can Doge² Become Big Enough to Flip Dogecoin?
One of the key points that many meme coins market themselves on is creating a vision of a token that could flip the existing high-cap asset. Doge² does not do anything like that. In fact, it is creating an ecosystem conducive to existing investors. This approach is much more feasible, providing a better chance for Doge² to grow in the future.
So, while it won’t be able to flip Dogecoin in the coming days, it is poised to grow alongside it.
How to Buy Doge²
Here are the steps required to invest in Doge²:
- Visit the official website – dogesquared.com
- Explore the website and the whitepaper to learn more about the project
- Visit the presale widget and enter the amount of ETH, USDT, or USD you want to swap for Doge²
- Click on “Buy Doge²” and connect your wallet
- Complete the transaction
You can also choose to stake your purchased tokens to earn additional rewards. These additional perks offer a passive earning element to Doge²’s ecosystem, making it more valuable in the long term.
To learn more about Doge², we also recommend following its Twitter and Telegram accounts.
