The new meme coin project Dogetti (DETI) will soon launch its presale event, and the coin will be looking to draw users from existing Shiba Inu (SHIB) and Axie Infinity (AXS) cryptocurrency platforms.
Its protocol comprises NFTs, easy trading, and a DAO community structure for continued relevance in cryptocurrency. Since Dogetti (DETI) will be relying on its protocol to draw in users, we will be reviewing the protocol and those of its main rivals in this article.
Shiba Inu (SHIB) is a meme coin project launched on the Ethereum network in 2020, following Dogecoin's steady rise in cryptocurrency. The protocol experienced a significant post-launch phase, which saw its value spike almost 40,000 times more than its presale.
Shiba Inu (SHIB) runs on a proof of stake protocol, as against the proof of work protocol Ethereum and Dogecoin operate at the time of its launch. The project's protocol ensures transactions are executed quickly, despite the high gas fees associated with trading on Ethereum. Users can also stake their assets to contribute to the network's security while they receive rewards for donating their tokens.
Shiba Inu (SHIB) features an exchange platform that allows users to swap their Ethereum-based tokens for other token types. The Shibaswap is one of the growing exchange platforms on the Ethereum network, competing against UNISWAP and Aave. DogettiSwap will soon join the competition, aiming to draw its users from Shiba Inu communities to build its DAO.
Shiba Inu (SHIB) also hosts an NFT incubator for creating NFTs for sale. However, the platform doesn't have any marketplace, so users can only create their assets on Shiba Inu. Developers are looking to upgrade the incubator into a marketplace.
Shiba Inu (SHIB) currently sells at $0.000013 on Coinbase.
Axie Infinity (AXS) is one of the prominent DApps on the Ethereum blockchain, launching in 2020 as a gaming interface. It became a decentralized project soon after its launch when it became the most popular Ethereum network feature. The Axie Infinity gaming protocol presents a free play-to-earn game modelled after Pokémon to encourage users to earn rewards even during leisure.
Axie Infinity (AXS) is based on a proof of stake protocol, although its transaction fees are still high because it is on the Ethereum network. The platform features an NFT marketplace where users can develop their NFT collections from any digital content.
The NFTs will be instrumental in-game, as many users represent their avatars with self-generated NFTs. The gaming NFTs are pet-themed, as the game is based on gathering virtual pets and building empires with them.
Axie Infinity (AXS) runs using two tokens, a measure to simplify the platform's economics.
The Axie Infinity Shards, AXS, are the fuel for the platform as it is the only mode of transaction fee payments. It is also used to vote on the platform's network. SLP is the other token, and it functions in-game and enables users to accumulate game wealth and purchase boosts for levelling up faster in-game.
AXS is a tradable token, and SLP tokens must be converted into AXS before any transaction outside the game can occur. AXS is listed on Coinbase for $9.73.
Dogetti (DETI) is the latest meme coin on the block, and it will be looking to launch amidst a growing meme coin sector. The token has several features to take advantage of, and one main point is its launching on Ethereum.
The Ethereum blockchain has been an excellent launch site for projects since it gained popularity in the cryptocurrency market, owing to its all-inclusive blockchain model. This feature gives its users diverse DApps and services to choose from, thus improving its blockchain delivery.
Dogetti (DETI) hopes to capitalize on these features of Ethereum to attract users and improve its blockchain quality. Its protocol already contains a DogettiSwap platform, allowing Ethereum users to swap their tokens for DETI coins on the Dogetti (DETI) platform before they carry out transactions. This will make the coin swap convenient for users, as they won't need third-party exchanges.
Users on Dogetti (DETI) will have access to NFTs, as the NFT marketplace will feature collections and NFT projects from developers and users. They will also be able to sell them to users on the platform and other platforms on Ethereum.
Anticipate Dogetti's protocol launch, and stay with us as we give updates on the project's development.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
