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Crypto’s new eco-friendly yield-bearing Dogecoin alternative Dogecoin20 ($DOGE20) is landing on MEXC at 12:00 UTC today.
The centralized exchange listing (CEX) comes hot on the heels of a wildly successful $10 million presale that concluded earlier this month. It was followed by a decentralized exchange (DEX) listing on Uniswap that pumped 100% on launch.
DOGE20 deposits are accepted and the registration period runs from now till 09:50 UTC on Sunday before the DOGE20/USDT pair lists on MEXC at noon.
The team had hinted at “a big listing bone” on X. Today’s strategic listing on MEXC brings the potential Dogecoin-killer to an exchange with over 10 million users between 170 different countries.
With his juicy staking rewards and Ethereum-based token design, Dogecoin20 is crypto’s most versatile and rewarding doge yet.
Dogecoin20 Is The Ethereum Version Of Dogecoin
The “20” in the token’s name refers to the ERC-20 token standard that enables new tokens on Ethereum to interact with smart contracts. This has opened up the extensive network of decentralized finance (DeFi) applications and use cases we see on the blockchain today.
Many altcoin market leaders such as Uniswap (UNI), Polygon (MATIC) and Chainlink (LINK) utilize the versatility of the Ethereum Virtual Machine.
Being on Ethereum makes Dogecoin20 substantially cheaper, faster and greener to use than Dogecoin. That’s because Ethereum uses an energy-efficient Proof-of-Stake (PoS) consensus mechanism, where the miners with the biggest stake validate the most transactions and get the most mining rewards.
The original Dogecoin utilizes the older tech that powers Bitcoin: Proof-of-Work (PoW), in which the miners with the most power/hardware validate the most transactions.
Back in August 2023, Ethereum was processing one million transactions per day. By comparison, Bitcoin processed 550,000 transactions for that entire month.
https://twitter.com/DOGE_COIN20/status/1786334949206901060
Similar Bitcoin investment products were approved in January this year and helped BTC set new all-time highs, so if Ethereum ETFs are approved it would be a watershed moment for ETH and for DOGE20 and the rest of the Ethereum ecosystem.
DOGE20 Offers Lucrative Staking Rewards
Dogecoin20 is taking full advantage of the greener Ethereum’s DeFi capabilities by offering a staking mechanism that currently yields 45% APY simply for locking up DOGE20 in the staking pool, a significant perk for holders looking for passive income.
With 63 billion tokens already staked, and rising, the passive income utility is forming a solid foundation for the token. A high percentage of tokens locked up in staking usually indicates that most ‘hodlers’ are there for the long term.
There is a total supply cap of 140 billion tokens to keep DOGE20 scarce and add value. At the time of writing it has a low market cap less than $1.54 billion (compared with DOGE’s $20 billion) and almost $11 million in liquidity on Uniswap ensuring smooth, high-volume trading.
Follow the latest Dogecoin20 announcements on X.
Visit the Dogecoin20 website to find out more.
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