How to Buy Dogecoin20 ($DOGE20) – Easy Guide

Viraj Randev | Verified by Alan Draper

Last updated: March 18, 2024 06:22 EDT | 8 min read

Dogecoin20 ($DOGE20) is an ERC-20 meme token. While this cryptocurrency pays homage to the popular meme token ‘Dogecoin’, it ventures into uncharted territory by introducing a new staking mechanism to offer passive income.

Our how to buy Dogecoin20 guide shows investors how to purchase $DOGE20 through the ongoing presale. In this guide, we also review Dogecoin20’s tokenomics and utility and discuss the benefits of this new project.

What is Dogecoin20?

Dogecoin20 ($DOGE20) is a new cryptocurrency that joins the Dogecoin family of meme tokens. This cryptocurrency pays homage to Dogecoin, the original meme token which has now become one of the biggest tokens in the crypto space.

However, this new cryptocurrency has originated as a more sustainable and utility-driven version of DOGE. Just like Bitcoin, Dogecoin is based on the proof-of-work (PoW) consensus. This algorithm requires miners to generate computational power to solve complex mathematical equations and validate transactions on the network.

Alternatively, Dogecoin20 adopts the more sustainable proof-of-stake (PoS) algorithm. On this network, validators are in charge of validating transactions and creating new blocks, which is a more sustainable process.

The ‘20’ in Dogecoin20 stands for ‘ERC-20.’ Since Dogecoin20 is built on the Ethereum blockchain, it supports smart contract capabilities. Therefore, this project combines the allure of meme coins with sustainable on-chain staking. In the sections below, we properly analyze the staking mechanism that Dogecoin20 provides.

Visit Dogecoin20

Staking Mechanism

Through Dogecoin20’s staking mechanism, token holders can participate in validating transactions while simultaneously earning passive income rewards.

Dogecoin20 will offer 21 billion tokens through its staking mechanism. According to the Dogecoin20 whitepaper, the staking rewards will be allocated across two years. In the first year, 17.5 billion tokens will be distributed as passive-income rewards. Dogecoin20 will distribute the remaining 3.5 billion tokens the following year.

Thus, through the staking mechanism, Dogecoin20 offers more utility than Dogecoin. The rewards you earn will depend on the percentage of the entire staking pool. Using staking pools can help you earn staking rewards more efficiently.

Currently, presale stakers can earn higher yields through the staking mechanism. At the time of writing, Dogecoin20 offers 410% APYs (Annual Percentage Yields). Over 6.8 million tokens have been locked in the ecosystem. Thus, $DOGE20 can become one of the best proof of stake cryptos to invest in 2024 and beyond.

Tokenomics

While Dogecoin is a fan favorite among popular celebrities like Elon Musk, the token has a few flaws. As discussed above, it uses the energy-intensive proof-of-work model. Secondly, it has an unlimited token supply.

Dogecoin20 presents itself as a better version of the original $DOGE token (whilst having no links to it), offering a limited supply of 140 billion tokens. Crypto investors are on the lookout for cryptos with a limited supply. A maximum cap can help increase demand, even when the supply is limited. This is one of the reasons why the Dogecoin demand has now become static.

From the 140 billion token supply, 25% (35 billion tokens) are being distributed through the ongoing presale. One of the best crypto presales in recent times, Dogecoin20 has raised $1.9 million in just a few days. At the time of writing, $DOGE20 is priced at only $0.000164 per token.

The current hard cap target is $6 million. As mentioned above, another 21 billion (15% of the supply) will be allocated as staking rewards. Another 25% will be dedicated to the treasury, responsible for long-term sustainability and development.

Many of the best meme coins rely on viral marketing campaigns to expand their global reach. Therefore, another 25% of the supply will be used to target meme coin traders and attract long-term investors through marketing strategies. The remaining 10% will be used to maintain liquidity on decentralized exchanges (DEXs).

After the presale comes to an end, $DOGE20 will conduct its initial exchange offering on the Uniswap DEX. As one of the biggest DEXs in the world, Uniswap’s listing can help attract huge trading volume for the Dogecoin20 project.

Roadmap

Dogecoin20 has laid out its future plans across six roadmap phases. We have discussed the project’s plans in the sections below:

• Phase 1 – Presale and Marketing – The ongoing phase includes the official launch of $DOGE20 through the presale. A portion of the funds are also being allocated to develop a professional marketing strategy.
• Phase 2 – Early Staking Incentive – Presale buyers can instantly stake $DOGE20 on the ERC-20 smart contract. Early stakers benefit from higher APYs, ahead of the official listing on Uniswap.
• Phase 3 – Presale Token Claiming – Once the presale ends, investors can access their $DOGE20 holdings on their crypto wallets. All staked tokens will automatically be distributed to the two-year smart contract program.
• Phase 4 – Uniswap DEX Launch – $DOGE20 will conduct its exchange listing on the Uniswap exchange. This will provide liquidity to the token, and make $DOGE20 available to millions of potential investors.
• Phase 5 – Allocated Liquidity Provision – Dogecoin20 will add a liquidity provision pool to Uniswap. 10% of the 140 billion token supply has been set aside for this purpose.
• Phase 6 – Long Term Passive Rewards – In the long-term, the smart contract will start allocating staking rewards. Your returns are based on the overall percentage of tokens staked on the staking mechanism. Staking yields will be distributed across two years.

For more information on Dogecoin20, follow the project on X (Formerly Twitter) and join the Telegram channel. Interested degens can also read the Dogecoin20 price prediction for market-leading insights related to this new meme token’s future.

3 Reasons to Buy Dogecoin20 – Key Takeaways

Still considering the pros and cons of investing in Dogecoin20? The sections below discuss three reasons why investors may wish to invest in $DOGE20:

• Staking Opportunities – While meme coins have been criticized for their limited utility, Dogecoin20 is a fresh and innovative project. Built as an ERC-20 token, $DOGE20 boasts on-chain staking capabilities. Thus, token holders can earn passive income for the next two years. Early presale investors can earn over 300% in annual yields by staking $DOGE20.
• Superior Tokenomics to Dogecoin – After providing huge gains, Dogecoin’s price has stagnated in the past few years. One of the reasons is due to its infinite supply, which hinders its long-term demand. By implementing a finite token supply, Dogecoin20 is a more sustainable and long-term investment opportunity. The limited supply can help increase the token price once the demand increases.
• Early Investment Opportunity – The Dogecoin20 starting market cap is nearly 900 times cheaper than the original Dogecoin. Currently, it has raised $1.9 million via its presale, and could become one of the best cryptocurrency investments in 2024.

Conclusion

Our how to buy Dogecoin20 guide has offered step-by-step instructions on how to buy $DOGE20 through the ongoing presale. This new meme coin adds more utility compared to Dogecoin – offering staking benefits through a more sustainable proof-of-stake consensus.

Furthermore, Dogecoin20’s limited supply makes it a sustainable and long-term investment opportunity. $DOGE20 is currently available to purchase on presale, after which it will list on the Uniswap exchange.

Visit Dogecoin20

FAQs

What is Dogecoin20? 

Dogecoin20 is a more sustainable version of popular meme coins, such as Dogecoin. Built on Ethereum, $DOGE20 is an ERC-20 token that follows the proof-of-stake consensus. Token holders can access on-chain staking protocols and generate passive income yields for two years.

What is the current price of Dogecoin20? 

At the time of writing, Dogecoin20 is priced at only $0.000164 during the ongoing presale. From a total supply of 140 billion, 35 billion tokens are being offered through the presale. So far, the presale has raised over $1.9 million.

How do I buy Dogecoin20? 

Get a compatible crypto wallet – either MetaMask or WalletConnect. Download the wallet and connect it to the presale website. After funding your wallet with either ETH, USDT, or BNB, enter a purchase amount and confirm the transaction.

References

• The Proof-of-Stake Response to Energy Backlash (Finance Magnates)
• What is cryptocurrency staking? (Britannica Money)
• Maximum and current supply of 100 cryptocurrencies with the highest market cap as of January 9, 2024 (Statista)

About the Author

Viraj Randev

Viraj works as a writer for guides and daily news content on CryptoNews. He is an expert on digital asset price movements, price prediction columns, and news breakdowns. Viraj graduated with a BSC in Business Management from the University of Surrey. His content can also be found on online publications such as Economy Watch. Before joining Cryptonews, Viraj was in the top 10% of writers on Upwork. He is a versatile writer, having also worked in the digital, video, screenwriting, and scriptwriting fields.

More articles from Viraj Randev