Introducing Dogeliens: Utility Meme Token In The Metaverse
2022.08.10 21:58
Introducing Dogeliens: Utility Meme Token In The Metaverse
Dogeliens (DOGET) will feature a metaverse to enable it to compete in the Web3 industry. This guide introduces you to this growing protocol and shows you some essentials you must keep in mind while navigating and using Dogeliens, and its native currency, DOGET.
Dogeliens is a DeFi protocol built on the Binance Smart Chain (BSC). It is powered by a utility meme coin called DOGET. DOGET is a BEP-20 token tradable on any BSC DEX bridge or protocol.
For instance, PancakeSwap, a well-known DEX, is a hand-picked DEX bridge that will support the instant buying and selling of the DOGET token with other BSC (BEP-20) tokens.
Components of the Dogeliens Ecosystem
There is more to Dogeliens than meets the eye. Here are some important components/features of the Dogeliens Ecosystem.
Dogeliens features a virtual planet called Puptopia—a play-to-earn GameFi Metaverse and home to exciting features and incentives. Puptopia, stylised from Dogeliens’ name or theme, comes from the Dog meme family such as Dogecoin (DOGE) and Shiba Inu (SHIB).
The major driving forces in Puptopia will be DOGET and NFTs. This blueprint is the same for every up-and-coming Web3 protocol. DOGET will facilitate and encourage buying and selling utility NFTs within the Metaverse.
NFTs on Dogeliens’ Metaverse can be auctioned and resold on other NFT marketplaces through a cross-chain interoperability protocol. Although this is not yet fully confirmed at the time of writing.
The ‘University of Barkington’ is a way of giving back to the community. Remember, nothing is as invaluable as knowledge and education. Dogeliens’ University of Barkington, also called Dogeliens Academy, will offer free and paid courses.
The free course will contain regular college courses and courses required to boost exposure in the digital space. It will also feature crypto learning resources to aid enthusiasts in making informed decisions when trading digital assets.
The paid courses will be for maintenance purposes and to encourage more resources and participation in the program.
Another essential section in the Dogeliens Ecosystem—already hinted at earlier— is the NFT marketplace. NFT marketplaces encourage easy NFT trading. As Dogeliens continues to expand and gain more traction within the DeFi space, its NFT marketplace will potentially feature high value collectibles.
A standby NFT marketplace is important for selling its Metaverse assets. The NFT marketplace, being part of the ecosystem, will be powered by Binance and DOGET — a BEP-20 token.
The token economics (tokenomics) of every DeFi protocol helps you analyse its asset market value and know the potential tokens available at any given time.
There will be a total supply of 25 billion DOGET tokens which will be distributed as follows across presale 30%, development of the metaverse 35%, teaching 15% and a reserve for liquidity maintenance 20%.
Which blockchain network hosts Dogeliens (DOGET)?
Binance Smart Chain (BSC) network hosts the Dogeliens ecosystem and determines DOGET’s token standard — BEP-20. For this reason, you must use a DEX or crypto exchange that supports both DOGET and BSC tokens to swap or trade the cryptocurrencies easily.
Is Dogeliens audited?
At the time of writing, Dogeliens is still processing its audit, certifying that it meets the DeFi industry’s standards. Using the protocol at this point will be at your risk. You must use the platform cautiously or wait until it’s fully audited to partake in the fun!
Does Dogeliens (DOGET) Support Ethereum Tokens?
Dogeliens does not support Ethereum tokens or NFTs. Also, at the time of writing, there are no plans to support Ethereum-based assets on its protocol. Therefore you cannot exchange or trade Ethereum assets (ERC) for Dogelien assets because the latter is a Binance-based (BEP) protocol.
Where Can I Buy DOGET?
DOGET, the native cryptocurrency and meme token of Dogeliens, can be bought through the private sale (presale) or public sale (IDO) on PancakeSwap. To get started, you must have a valid BSC-supported wallet like Trust Wallet or Metamask Wallet.
Continue reading on DailyCoin
