How to Buy Dogesquared ($DOGE2) – Easy Guide

Dogesquared ($DOGE2) is a layer-two (L2) solution aiming to boost the speed, efficiency, and utility of Dogecoin. The platform will leverage both Ethereum and Dogecoin blockchains in an effort to provide users with ultra-fast transactions at a fraction of the normal cost.

In this how to buy Dogesquared guide, we will show readers how to purchase $DOGE2, the native token, on presale. Our guide also covers the token’s ongoing presale performance, the use cases of the project, and reasons to invest in Dogesquared.

How to Buy Dogesquared ($DOGE) – Step-by-Step Breakdown

Now we will take a look at how to buy Dogesquared on presale – in just four simple steps:

Step 1: Get a Cryptocurrency Wallet

Before buying $DOGE2 tokens, investors need a compatible wallet. Dogesquared can be purchased with a range of wallets including Best Wallet, MetaMask, and Wallet Connect.

Desktop/laptop users can download the wallet extension, or mobile users can simply download the wallet app via iOS and Android. Create a new wallet account to continue.

Step 2: Buy ETH/USDT or BNB Tokens

$DOGE2 is compatible with tokens such as ETH, USDT, or BNB. If you do not hold any of these tokens, visit a suitable cryptocurrency exchange, purchase any of the tokens, and transfer them to your crypto wallet.

Step 3: Link the Wallet with the Presale

Now that your wallet is funded, you can link the wallet with the presale. Visit the Dogesquared presale website. At the top left of the page, there will be a presale widget box. On the bottom left of the box – click the ‘Buy $DOGE2’ button – to see which wallets are compatible with the presale.

Choose the compatible wallet, follow the on-screen instructions, and link the wallet with the presale.

Step 4: Buy $DOGE2 Tokens

Now you can start filling in the details of your purchase order. First, select the tokens with which you would like to make the purchase – by clicking on the token symbols. On the section that says ‘Pay with XYZ’ – enter the number of tokens you want to swap for $DOGE2. You can see the exact number of $DOGE2 tokens you will receive.

For instance, 1 USDT will earn you 124 $DOGE2 tokens (At press time). After entering the details, confirm the transaction.

Alternatively, investors can opt to purchase $DOGE2 tokens without creating a cryptocurrency wallet. Dogesquared supports Credit Card payments on the presale website – allowing interested investors to use fiat currency to buy $DOGE2 tokens.

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How to Ensure Safety and Avoid Scams When Buying $DOGE2

Before investing in new cryptocurrency projects such as Dogesquared ($DOGE2), it is important to ensure you are taking all precautions when it comes to safety. Here’s how you can avoid scams and be more cautious:

Avoid Scams

• Scams are, unfortunately, common in the crypto world. Many scammers use wallet hacks to steal people’s assets.
• Protect yourself by securely writing down and hiding your backup phrase, and setting up two-factor authentication before logging in.
• When buying $DOGE2 tokens, always use the official Dogesquared website to ensure your purchase is safe.

Presales Can Be Risky

• New tokens, especially meme coins, are often volatile and unpredictable since they have no prior track record.
• Only invest in these types of assets if you understand the risks. Invest only what you’re willing to lose.

What Is Dogesquared?

Dogesquared ($DOGE2) is a next-gen L2 scaling solution designed to make the Dogecoin network more scalable and efficient. By leveraging both the Ethereum and Dogecoin chains, Dogesquared aims to offer ultra-fast transactions at a low cost.

At first, Dogesquared will launch as a layer 2 solution on the Ethereum network. It will use Ethereum-based tools such as optimistic rollups and ZK (Zero Knowledge) rollups to bundle transactions. ZK rollups are L2 scaling solutions that increase throughput on Ethereum and can process thousands of transactions in a single batch – increasing transaction efficiency.

Thus, by utilizing the Ethereum network, Dogesquared will be able to offer low-fee transactions that can scale infinitely with demand. While leveraging the Ethereum network, Dogesquared will build on the foundation and deploy a more efficient L2 directly on the Dogecoin blockchain.

By building the L2 network on top of Dogecoin, Dogesquared will reduce the transaction load on the main chain. This will help solve Dogecoin’s existing issues such as network overload during periods of high activity and higher fees.

Dogesquared will also develop a cross-chain bridge between Ethereum and Dogecoin to support seamless asset transfers and enhance interoperability. Overall, this will lead to ultra-fast and low-cost transactions for users, making Dogesquared one of the best cryptos to buy.

Another benefit of Dogesquared will be the community-driven utility, as the platform will empower $DOGE2 token holders to interact with new DeFi features, gaming aspects, and DApps (Decentralized Applications). This will help open pathways for accessing diverse blockchain-based features in a decentralized and highly secure manner.

Another one of the key components of Dogesquared is $DOGE2, the native token, which can be used to generate passive income, NFT airdrops, and multiple presale benefits. We will highlight the $DOGE2 use cases in the sections below.

$DOGE2 Tokenomics

$DOGE2 has a total supply of 5 billion tokens, out of which 50% is being allocated through the ongoing presale.

One of the best crypto presales in recent times, $DOGE2 has raised nearly $50K in just a couple of days since the presale event began. At the time of writing, $DOGE2 is priced at just $0.008032 per token.

Interested investors can purchase $DOGE2 tokens using crypto payments such as Ethereum (ETH), BNB (BNB), and Tether (USDT).

Another utility of $DOGE2 arrives from the platform’s staking mechanism. $DOGE2 can be staked on smart contracts to start earning passive income. One of the best staking coins, $DOGE2 can be locked to earn a live APY of more than 20,000%.

So far, 3.6 million tokens are locked on the staking mechanism. However, it is important to note that the annual yield will reduce as more tokens are staked on the platform. 15% of the token supply will be distributed via staking rewards.

A further 20% of the token supply has been set aside for development purposes. These tokens will mainly be used to develop Dogesquared L2 on Ethereum and Dogecoin – to support the platform’s goals of achieving scalability and transaction efficiency.

The remaining 15% of the supply will be used for marketing. This will include global campaigns and strategic marketing initiatives to make $DOGE2 a household name. For more information on this project, join the Dogesquared Telegram channel and follow them on X (Formerly Twitter).

Buyback and Burn Mechanism

To help increase the token’s value over time, Dogesquared uses a buy-and-burn mechanism, ensuring the token supply will reduce over time. To achieve this process, Dogesquared will charge a small transaction fee from $DOGE2 token holders.

This will be charged on all transactions from within the ecosystem – including token transfers, purchases, and DApp usage fees. From time to time, the collected fees will be used to buy back $DOGE2 tokens from the open market. After purchasing the tokens, they will be burned, permanently removing them from the existing token supply.

Thus, by reducing the number of tokens in circulation, Dogesquared creates scarcity, aiming to become one of the best long-term cryptos.

Why Invest in the Dogesquared Presale?

Our how to buy Dogesquared guide now takes a look at a few reasons that may compel interested investors to buy $DOGE2 on presale:

• Available at a lower price – During the presale, $DOGE2 tokens are available to buy at a fixed rate. (Currently $0.008032 per token). Thus, long-term investors may prefer buying tokens during the presale before the coin experiences extreme levels of volatility post the exchange listings.
• Priority governance access – All early presale investors will be given priority governance access on Dogesquared, in the form of voting rights. Thus, token holders can influence the future of this platform by participating in the decision-making process.
• Exclusive NFTs – Those quick to buy $DOGE2 during the presale will be rewarded with limited-edition $DOGE2 NFT airdrops, which can be traded in the future.

Thus, purchasing tokens during the presale offers investors a diverse range of benefits and use cases.

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Dogesquared Price Prediction – A Future Outlook?

The future $DOGE2 price can vary depending on a range of factors – such as the presale performance, L2 network deployment, staking returns, and much more.

In the short term, we believe the presale performance can heavily influence the $DOGE2 token price – especially right after the token lists on exchanges. A successful presale will do two things – 1) Establish existing token holders that already back the project, and 2) Build hype and attract new eyeballs to the project.

With $DOGE2 already having raised nearly $50,000 in only a few days, Dogesquared is off to a strong start. This can also help in attracting listings on tier-one exchanges – which will increase liquidity and make the tokens readily available.

However, $DOGE2 needs to offer real utility to be a successful project in the long term. Luckily, Dogesquared is not like some of the other meme coins – all talk and no utility. Instead, Dogesquared aims to become one of the best meme coins by offering more scalability, faster transaction speeds, and low costs through its L2 network.

Moreover, the increased programmability by giving users access to DeFi and DApps can make $DOGE2 a successful long-term investment. Should Dogesquared continue to provide high staking returns and successfully launch its own L2 network on Dogecoin, the token could soar by over 10x in the long term.

Factors Influencing the Price of $DOGE2

In the sections below, we discuss some factors that can affect the $DOGE2 token price:

• Presale performance – A successful presale can establish an existing user base and also help secure potential listings on tier-one exchanges. However, a poor performance may make it difficult to build momentum right from the get-go.
• Transaction speeds and cost – One of the main goals of Dogesquared is to build its own L2 network on top of Dogecoin to provide ultra-fast and extremely low-cost transactions. This will help increase demand for the $DOGE2 token.
• Staking returns – Offering consistent and high staking rewards is a good way to attract long-term investors. Dogesquared has already witnessed 3.6 million tokens locked on its ecosystem – as it offers a live APY of over 20,000%.
• Burn mechanism – By implementing a buy and burn mechanism, Dogesquared will boast a deflationary token supply. Thus, the token value will not stagnate in the long term.

Conclusion

Our how to buy Dogesquared guide has shown potential investors the step-by-step process of joining the $DOGE2 presale. Dogesquared is an innovative layer-two solution for Dogecoin – looking to make the network more scalable, quicker, and cheaper.

The $DOGE2 token offers several use cases – including high staking returns, access to voting rights, and exclusive NFT airdrops. Currently, $DOGE2 is soaring on presale – having raised almost $50K in a few days.

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