Attention DOGE Holders: Doge² is Here to Bring You Use Cases

Dogecoin holders should now rejoice as the novel Doge² meme coin is here to use its L2 solutions to provide them with use cases for Dogecoin.

The OG DOGE token has continued to be viral to this day. However, its singular growth driver – Elon Musk’s tweets and antics – is now getting too old school. Even the Dogefather isn’t amped to introduce any use cases, other than using the token for some transactions on Twitter (probably). However, Doge² is here to break the old token out of its mold and create a future where 6.9 million Dogecoin users can actually utilize their holdings in decentralized applications.

With this promise, Doge² has hit the ground running in its ongoing presale. Those interested should visit the official website – dogesquared.com and participate today.

Ethereum’s Security and Dogecoin Virality = Doge²

Things changed for the entire cryptocurrency community when Ethereum entered the space. Introducing superior technologies like smart contracts, which paved the way for decentralized applications, Ethereum evolved further thanks to its L2 solutions. These solutions led to the rise of other projects, all with their own spin on utilities and aesthetics.

While many of them have been meme coins, none of them tried to do anything to improve the existing assets. As a result, most of these new cryptos got lost in obscurity.

This is where Doge² offers a different type of solution. Its uniqueness stems from not trying to create a new ecosystem, but paying respect to the existing token – Dogecoin. This meme coin project aims to make Dogecoin more utility-centric with the help of Ethereum’s L2 solutions.

By doing so, the project envisions evolving Dogecoin’s existing paradigm and providing over 6.9 million Dogecoin investors with new perks.

With that approach, Doge² is essentially blending the security that the Ethereum blockchain provides with the virality of Dogecoin. The result from this unlikely coordination is a project that could be viable for both short-term gain seekers and long-term investors.

Enhancing the Dogecoin Experience Through L2 Scaling

Doge² is aiming to enhance Dogecoin’s appeal through L2 integration using the following steps:

Launching L2 on Ethereum

It all starts with launching L2 on Ethereum using rollups and zk-rollups to bundle transactions for greater speed and efficiency. This approach makes low-cost transactions for Doge² more viable, and the scalability it will bring would make the Doge² network more flexible.

Transitioning to the Dogecoin Layer 2

After the network has been established, Doge² will move to Dogecoin’s own Layer 2 network. This way, this new meme coin will be built on top of the existing token, enhancing its functionality. It will also reduce the burden pressed on the Dogecoin chain while offering fast and cheap transactions.

Developing a Bridge Between Ethereum and Dogecoin

Finally, a bridge will be developed between Ethereum and Dogecoin to let Doge² traverse between them easily. This will equip the traditional Dogecoin network with cross-chain functionality. Empowered by this new advantage of interoperability, the Dogecoin network can potentially become home to different types of decentralized applications.

Doge² Tokenomics is Community-Centric

Mirroring Dogecoin’s ethos of community-centricity, Doge² has assigned a bulk of its total supply of 5 billion tokens to the presale. This puts the meme coin community at the forefront, giving them the first say in the ecosystem’s future decisions.

20% of the total supply will be assigned for the project’s development, focusing on the development of the Layer 2 solution.

15% of the supply is allocated for marketing to focus on expanding the Doge² reach so that it could bring the Dogecoin community together.

The final 15% is meant for staking. Staking serves the purpose of bestowing long-term perks for Doge² investors, who will be rewarded with lucrative APY for holding the tokens.

NFTs and Governance – Additional Reasons to Participate in the Doge² Presale

While early moving is mostly enticing because tokens are accessible at a cheap price and the prospect of making profits through a listing pump is impossible to ignore, Doge² also offers other benefits.

Those who invest in the Doge² presale early will gain access to the Doge² DAO. This decentralized autonomous organization will take the community’s votes in deciding how the project’s development unfolds.

Furthermore, there are exclusive Doge² NFT drops coming for early participants only. This gives users another avenue for revenue as these NFTs could be sold on secondary marketplaces.

Final Words

Few are the meme coins that focus on enhancing existing ones. Doge² is one of those. Accentuating collaboration rather than competition, its main goal is to make Dogecoin all it could be. And now that the entire crypto space has far more ubiquity, the Doge² price will likely explode once it arrives on exchanges.

And it will happen sooner than later, as it was revealed through one of the latest tweets that the Doge² presale has almost wrapped up.

BTC just hit ATH yet again and we're almost wrapped up the DOGE² Presale!

This is the most bullish time that's ever existed in Crypto and it's just in time to propel DOGE² into the stratosphere… Don't miss out.https://t.co/b9LYktNiA2

— Doge² (@Doge2Squared) November 19, 2024

Therefore, those still on the fence about this project should pay a visit to the official website and get a feel of what it is about. And then they should act quickly because the project has already raised more than $420K.

Visit Doge2