Who doesn’t love a good memecoin? Many people have become interested in cryptocurrencies thanks to memecoins, which compensates for their apparent lack of utility within the blockchain space. We are always excited to integrate new payment options, and today is not an exception: we are excited for $DC from Dogechain to be joining the HYVE ecosystem.
Dogechain - NFTs, Games and DeFi for Dogecoin holders
$Dogecoin became a status symbol among memecoins, having sparked the interest of many during the meme stock craze, allowing many to go from rags to riches in a matter of minutes. Nevertheless, $Dogecoin had no utility and could only serve as a means of payment, albeit quite limited. However, the community of $Dogecoin was so loyal that the phenomenon would just not disappear.
Enter Dogechain, a new blockchain built by Dogecoin holders for the community, allowing to bring more complex applications to the Doge sphere, namely NFTs, Gaming and DeFi. Building dApps is now possible on Dogechain, with $DOGE used as gas fees. The project delivers on its promises - no VCs, no trillions of transactions processed per second, just an honest Proof of Stake blockchain, delivering the basic functionalities of DeFi.
Dogechain provides many advantages and utilities, such as:
- Low fees and speedy transactions
- NFT minting and dApps creation
- EVM compatibility
- Cross-chan bridge
- Staking capabilities
Dogechain acts as a layer-2 solution for Dogecoin and allows users to bridge original $DOGE to be used as gas on the chain. This new utility for DOGE quickly gathered the interest from the community and as the mainnet launched on August 1st the chain experienced exponential growth.
For the short time it’s been available, Dogechain has registered 240k unique wallets and nearly 50 million transactions on chain. Hundreds of projects and meme tokens have started building on the chain, with volumes exceeding all expectations.
The $DC native token was launched on August 26, and has already been listed on major exchanges like Huobi, Kucoin and Gate.io. The token iteslf has multiple use cases within the ecosystem, such as staking to secure the chain and governance voting power.
If the project has caught your eye, do make sure to add $DC’s address into your wallets and use it to pay for tasks, jobs and offers on the HYVE Platform:
The future for HYVE
We are also planning additional partnerships with Dogechain, maybe even the integration of their blockchain sometime in the near future. Nevertheless, as we have accustomed you already, we are going full speed in our mission to integrate as many tokens as possible. This also translates into improving HYVE’s already superior cross-chain infrastructure, by integrating further blockchains. This opens up our community to a new project, while also allowing a larger user base. Stay tuned for more details!
The information provided does not constitute investment advice, financial advice, trading advice, or any other sort of advice, HYVE does not recommend that any cryptocurrency should be bought, sold, or held by you. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. HYVE is not liable for investment gains or losses.
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🐶Want to learn more about Dogechain?
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