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New Meme Cryptocurrency ‘Dogecoin20’ Prepares for DOGE Day Release After $10 Million Cryptocurrency Presale

The popular new meme coin “Dogecoin20” (DOGE20) raised over $10 million in a cryptocurrency pre-sale at the end of March, hitting its target amid the ongoing meme coin craze in the first quarter of 2024.

Due to the limited number of tokens available for purchase before the IEO on Uniswap, the DOGE20 team strategically chose April 20, 2024 as the claim date for its tokens. This date is of great significance to Dogecoin enthusiasts around the world. .

Dubbed “Dog Day,” the day is a celebration of doggie culture and community, paying homage to Dogecoin’s less serious origins and the iconic 420 meme.

Dogecoin supporters use the day to come together, share jokes, memes, and rally for the king of meme coins. The release of Dogecoin20 coincides with this date and aims to tap into the spirit of Doge culture and community.

What is Dogecoin 20?

Dogecoin20 (DOGE20) is an ERC-20 based token designed to be an upgraded version of Dogecoin, offering enhanced functionality and new staking infrastructure for passive income.

source: Dogecoin 20/X

Unlike Dogecoin, DOGE20 adopts an environmentally friendly proof-of-stake consensus mechanism, which solves people’s concerns about the environmental impact of traditional mining.

DOGE20 has a maximum circulating supply of 140 billion tokens and is designed to address the infinite inflation dynamics present in Dogecoin. The project’s token economic structure includes various allocations, with 25% for pre-sale, 25% for marketing, 25% for finance, 15% for staking rewards, and 10% for DEX liquidity.

Staking rewards

One of the key features of DOGE20 is its staking program, which allows holders to stake their tokens and receive passive rewards. The staking smart contract is programmed to distribute tokens to all stakers over a two-year period, providing the community with ongoing passive income opportunities. According to DOGE20’s website, current staking rewards exceed 60% of annualized returns.

Specifically, 15% of the total DOGE20 supply is used for staking rewards, with 12.5% ​​allocated in the first year to reward community members. This staking infrastructure is designed to incentivize long-term holding and community participation.

marketing efforts

Due to its approach and strategic marketing efforts, Dogecoin20 has gained traction within the memecoin and DOGE communities.

99Bitcoins, a popular cryptocurrency YouTube channel with over 700,000 subscribers, recently posted a bullish video about DOGE20, further fueling interest in the project.

Additionally, the DOGE20 team is running an extensive marketing campaign, advertising on multiple cryptocurrency and financial media websites such as Cointelegraph, CryptoSlate, and Business Insider.

This extensive promotional campaign is designed to raise awareness of this new meme coin project and reach a wider audience.

Last chance to buy

Due to high demand, the Dogecoin20 pre-sale reached its hard cap of $10 million within a week. To accommodate late entrants, the team has announced a “Last Chance to Buy” phase, offering limited opportunities to participate before the token is launched on the exchange.

The current price of DOGE20 is $0.00022, and you can buy it on the project website before the launch date using ETH, USDT or fiat currency.

in conclusion

While Dogecoin20’s presale success and community engagement are promising signs, the project’s true test will come in April when it launches on exchanges. A team’s ability to deliver on its promises, maintain momentum, and capture the attention of a wider audience will ultimately determine its long-term success.

However, DOGE20 may be a new project that memecoin investors may add to their respective watchlists.

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