The meme coin sector witnessed a new surge since last week following the completion of Bitcoin Halving. This sector has been known to provide investors a chance to earn thousands or even millions on their meme coin investments.
As savvy enthusiasts keenly search for the next big thing in this sector which looked more or less saturated, a new coin shook up the world of meme coins with its remarkable presale feat, drawing the attention of many.
Newcomer meme coin Dogeverse presale surpassed the $10 million milestone with the ambition to lead the market through its multichain compatibility.
The Multi-Chain Meme Coin
Born less than a fortnight ago, Dogeverse wasted no time in announcing its arrival. Dogeverse is at the vanguard of innovation by combining the appeal of the ‘Doge’ meme with multi-chain possibilities.
Cosmo, the project’s mascot, represents unity and flexibility because of its capacity to leap between many chains on the blockchain network.
Dogeverse, unlike traditional meme coins, runs on a multi-chain design, allowing $DOGEVERSE tokens to easily traverse six blockchains, including Ethereum, Binance Smart Chain, Polygon, Solana, Base, and Avalanche.
The new technology provides users with several benefits, including more flexibility, as holders can easily transfer their tokens across networks while minimizing transaction fees and maximizing convenience.
Furthermore, Dogeverse’s presence on various blockchains gives users access to a variety of ecosystems, allowing them to connect with a larger user base and make use of each blockchain’s unique functionality.
The $10 Million Milestone
Within two days, Dogeverse’s value skyrocketed, hitting $0.000301. The meme coin has already sold out of its soft cap allocation of 200 billion tokens.
Let’s go! 🚀#DOGEVERSE raises over $10 Million! 💰
Another incredible milestone ticked off! ✅
Join #Cosmo on his multi-chain adventures! 🌌🐕 pic.twitter.com/wNIPuHhplr
— DogeVerse (@The_DogeVerse) April 24, 2024
A whopping $1 million entered the project within 48 hours into its ICO, selling all of the tokens reserved for the first two presale rounds and considerably surpassing the team’s initial forecast of a 6-day first round.
Within a fortnight, Dogeverse advanced one day ahead of schedule to the second phase of its initial coin offering. There will be five more rounds of token sales, the last of which closes on June 11, for a total of 200 billion tokens.
The project plan includes further DEX and CEX listings, however for now, the team is focusing on CoinGecko and CoinMarketCap listing tools.
The coin also has a profitable staking feature in which tokens can be locked away to yield tempting APYs of over 205%. With a total quantity of 200 billion tokens, including a large allocation for presale and staking incentives, Dogeverse is an enticing investment prospect.
The Road Ahead
The Dogeverse team has prudently distributed these native coins to guarantee long-term growth and development. Presale distribution will account for 15% of the total token supply (30 billion). Within weeks, Dogeverse sold $10 million in DOGEVERSE tokens.
10% of the token supply is set aside for staking incentives over the following two years, incentivizing holders and community activity. 25% is set aside for project money, which will help future projects and apps in the Dogeverse ecosystem.
After the presale, Dogeverse provides 5% of the entire supply to exchange listings, with a further 10% ensuring liquidity across several platforms. Another 10% has been set up for ecosystem finances, while the remaining 25% is committed to marketing initiatives.
The presale period has been enormous from its start, providing every fan and enthusiast with an early opportunity to purchase DOGEVERSE tokens at the best possible price. Investors are still flocking to the Dogeverse presale event, where tokens are priced at a delectable $0.0003.
The project’s ambitious objective is to raise $17 million as a hard cap, which will fund future endeavors. As the presale unfolds, Dogeverse is committed to flexibility, community interaction, and long-term growth.
The Final Word
As Doge Day approaches, Dogeverse finds itself at the intersection of opportunity and innovation. In a volatile world, it provides an anchor of stability, particularly in light of the recent Bitcoin halving.
Disclaimer: This is a paid post and should not be treated as news/advice.
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