How To Buy Dogecoin20 (DOGE20) 2024

Doge20 is a step up from the famous Dogecoin, bringing features that eliminate the latter’s limited future worth. It might be a meme coin, but you can earn rewards besides the regular buying and selling through a lucrative staking model. Dogecoin20 is DOGE how Elon would have designed it back in 2013. The new version of the popular meme coin offers sustainability and a deflationary mechanism that sets it apart from other meme tokens.

This guide will show you how to buy Dogecoin20 in 2024. Notwithstanding, we’ll dive briefly into what makes DOGE20 a valuable choice compared to the regular Dogecoin as well as taking a look at the potential risks that come with investing in DOGE20. Keep reading to discover how to buy the latest meme token. 

What is Dogecoin20?

DOGE20 is built on Ethereum, giving it the versatility of ERC-20 tokens. It is a meme coin with roots in Dogecoin, but it ventures into uncharted territory. Dogecoin might have been Elon Musk’s favorite, but DOGE20 is bringing a more sustainable future which positions it as one of the best meme coins to buy in 2024.

This token’s primary advantage over regular meme coins is the combination of meme culture with on-chain Dogecoin20 staking. That approach appeals to both enthusiasts and candid investors.

Long-term passive rewards are integral to this token. The earlier that you invest, the more lucrative the staking rewards will be. At the time of writing, the estimated APY is 298%. 

The project roadmap begins with marketing and the Dogecoin20 presale. Early investors can stake their tokens before the Uniswap listing for extra rewards. The latter will provide early liquidity and accessibility to other enthusiasts and regular traders.

Dogecoin20 is set up to be a symbol of benevolence by encouraging charitable initiatives and community projects. It envisions a future where meme tokens evolve beyond the hype and internet sensation to reward holders passively.

The Ultimate Doge Upgrade

The Dogecoin20 token offers several features that make it more than a sentiment-based cryptocurrency. One of the primary reasons it stands higher than regular Dogecoin is the elimination of inflation. It does that by introducing a fixed token supply that allows for sustained upward pressure, unlike Dogecoin, which has an infinite supply.

An infinite supply allows for the injection of more tokens into the ecosystem. It becomes challenging to maintain upward pressure as supply can increase to meet demand. The deflationary supply of DOGE20 makes it one of the best altcoins in 2024.

Besides the fixed token supply, Dogecoin20 crypto has several other characteristics that make it the ultimate Doge upgrade. These include the following:

Sustainable Staking Model

First, the DOGE20 staking smart contract is designed to ensure stakes have tokens in the pool for two years. That will sustain the passive rewards for that period.

As of this writing, the token offers over 45% annual returns from staking. 

This project allocates 15% of the token supply to staking. By doing so, the holders contribute to the network’s growth and stability while earning passive rewards. This is achieved through on-chain staking.

On-chain staking gives a sense of ownership to the holders. Notwithstanding, it amplifies utility, resulting in a dynamic and sustainable model.

The project will continue incentivizing staking through to the second year. The second year will have less token allocation but enough to encourage active participation.

You can view your staked balance and estimated rewards as you purchase Dogecoin20 tokens and stake them. Your rewards will depend on how much you contribute to the overall staking pool and the percentage of the annual return.

Withdrawals are possible. Notwithstanding, the project’s passive rewards will encourage staking for as long as the returns keep pouring in.

As a final note, Dogecoin20 staking contributes to the network’s security. It also contributes to transaction validations.

Dogecoin20 Crypto Wallet

You’ll have the flexibility of an ERC-20 token when you invest in Dogecoin20. This token offers the versatility to use your current Ethereum wallets which makes the project accessible to all Ethereum holders. 

The original Dogecoin is built on its own blockchain network, which limits the number of wallets that can be used to store it. By allowing investors to use ERC20 wallets, the Dogecoin20 offers more scalability and flexibility than the original DOGE.

Deflationary Token Supply

Dogecoin20 has a fixed token supply. That means, sooner or later, demand will outweigh supply. The result will be upward price movements.

This crypto will not use token burning to achieve its deflationary token supply. Instead, it depends on the staking rewards to drive more demand than the fixed supply. The subsequent section on tokenomics will reveal how many tokens will be available to the public.

Your money is at risk.

DOGE20 Tokenomics

Dogecoin20 has a fairly robust tokenomic design. Tokens are allocated in the following way:

• Presale: 25% (35 billion tokens)
• Marketing: 25% (35 billion tokens)
• Treasure: 25% (35 billion tokens)
• Staking: 15% (21 billion tokens)
• DEX liquidity: 10% (14 billion tokens)

The allocation brings the total token supply to 140 billion DOGE20 tokens. Marketing will be integral to the Dogecoin20 tokenomics to bring the token to all relevant crypto platforms.

Reserving tokens for the treasury ensures financial backing for future purposes. New endeavors and operational requirements may come up as the token becomes mainstream.

The allocation for DEX liquidity is to promote price stability and smooth transactions. Remember, most people might opt for staking instead of trading regularly on decentralized exchanges.

Since staking will be one of the primary reasons to buy Dogecoin20, allocating a reasonable number of staking rewards becomes appealing. The project has 12.5% (17.5 billion tokens) as Dogecoin20 rewards for early investors in the first year.

2.5% (3.5 billion tokens) are allocated for staking rewards in the second year. While smaller than the first year, the second-year allocation is still vital to the evolving dynamics of the token’s ecosystem.

With staking rewards lined up, DOGE20 sets itself up for active community participation. That does not guarantee the project’s success. Hence, conduct a proper risk assessment before buying DOGE20.

How To Buy Dogecoin20

In the following section, we will take a closer look at how to buy Dogecoin20 in 2024. Dogecoin20 recently finished one of the best crypto presales that raised over $10 million. The token is now available to by on DEX Screener.

This is our extensive guide on how to buy DOGE20 in 2024:

Step 1: Create an Ethereum wallet

DEX Screener supports several Ethereum wallets to purchase Dogecoin20. Download the MetaMask Web3 wallet on your smartphone or register with the browser. Note that you’ll likely use the wallet extensions when connecting it to the official DOGE20 desktop website.

Step 2: Fund your wallet with ETH or USDT

Buy ETH or USDT from reputable exchanges. You can purchase from decentralized or centralized exchanges, depending on your preference. Nonetheless, ensure that you fund your wallet with enough tokens to cover transaction fees. 

Step 3: Connect your wallet to DEX Screener

Go to the Dogecoin20 website and click “Buy on DEX Screener” or “Connect Wallet.” A pop-up window will appear showing the supported wallets.

MetaMask will open a connection with the extension or the installed mobile app. Conversely, Wallet Connect will show a QR code you can scan on your mobile phone or connect to on your desktop.

Step 4: Swap ETH/USDT for DOGE20

The cryptocurrency pair should be automatically available. If not, search for ETH/$DOGE20 or USDT/$DOGE20. Enter the number of tokens you want for the swap, and complete the transaction.

Step 5: Stake your tokens for passive rewards

To maximize your returns, head to the staking dashboard on the official Dogecoin20 website and stake your tokens for passive rewards. 

At the time of writing, the APY is 45%.

Your money is at risk.

Is It Worth Buying Dogecoin20?

We’ve seen several crypto projects with different utility values in early 2024. These are viable competitors to $DOGE20, even though some may still be in their presales. Nonetheless, there are a few perks to investing in Dogecoin20 crypto.

The on-chain staking mechanism separates $DOGE20 from regular meme coins. Still, the token has all the trappings of a meme coin. That includes the hype and market sentiment like its roots, Dogecoin.

If passive income is crucial to your investment goals, then $DOGE20 is worth buying in 2024. You can split your holdings for staking and regular trading.

This crypto project is all about community drive. It will be valuable in the crypto industry if it can achieve the high community engagement it postulates in the Dogecoin20 roadmap. That means the value is sustainable for the long term.

DOGE20 does have expanded utility in sight, although the details are unclear. That will be advantageous, but we can’t rely solely on that to buy Dogecoin20. The crypto industry remains fluid and open to disruptions.

Top Tips for Investing in Dogecoin20 Safely

Meme coins are a popular way to diversify your portfolio with tokens that could provide high returns. Notwithstanding, we must be aware of impending rug pulls or scams during initial stages. Rug pulls totaled over $2.5 billion in 2021. To avoid such scams, it is important that investors understand how to invest in meme coins safely. 

Double-check that the website you are using is legit

Check for a valid SSL certificate on the website. One way to do this is to check for the padlock sign in front of the URL.

The next step after checking the website’s legitimacy is to check the smart contract’s audit. Audited smart contracts will include links to verify their audit reports.

Coinsult is a prominent platform for verifying audit reports. You can view any issues that are high- or low-risk.

Conduct thorough research and analysis

You should always carefully research a project before investing any of your capital. Start by looking for information about the project team. Crypto projects with unidentifiable teams are not necessarily bad. However, they call for more thorough research.

Some projects mention members of the development team. You can start researching from there to ascertain their history and track record.

From the project team, move to the whitepaper. Review the proposed milestones and their feasibility. Study the technology or approach the project intends to use in reaching these milestones.

For example, $DOGE20 is clear on how holders will receive staking rewards. The clearer the approach, the more feasible the project.

Round up your research by reviewing the general crypto market and sentiments. Compare competitors and weigh your options.

Don’t invest with more than you can afford to lose

We recommend setting out a budget for your crypto investments. This amount should be within reach and not too much to affect your finances.

Crypto projects can fail. We’ve seen that with OneCoin, PayCoin, and Bitconnect. Investors have lost money on these failed projects.

The risk will always be there. Hence, don’t invest in Dogecoin20 more than you can afford to lose.

Diversify your portfolio with established projects

You can add established projects to hedge your portfolio. New cryptos are yet to prove themselves as successful projects. Hence, diversifying your portfolio with established projects can cover potential losses during early stages.

Diversify, but be alert. For example, Bitcoin cruised past $60,000 in 2021 but crashed below $20,000 afterward.

Stay up-to-date with project news and development

Some news sites allow users to set up alerts on specific topics. You can do that with your investment portfolio by signing up with a reputable crypto news platform. Stay updated on market reports and government regulations to spot early signs of a bear market. 

By keeping up-to-date with crypto news, you can make adjustments to your portfolio and reduce your chances of getting caught out by external events.

The Verdict

In this guide, we have taken a look at how to buy Dogecoin20 on DEX Screener. In the near future, DOGE20 will be listed on further exchanges. 

Dogecoin20 is an ERC-20 version of DOGE that aims to see the same success as the original meme coin. However, there is no guarantee that the price of DOGE20 will go up and investors could lose their money. Therefore, it is important to do your own research before buying Dogecoin20 in 2024.

Your money is at risk.

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