.png){kind=logo}
Coin launches over the past years have yielded various favourites in the crypto space. These favourite tokens have been popular for their innovative features and the DeFi solutions to current blockchain challenges. Dogeliens (DOGET) aims to redefine the memecoin concept in the cryptocurrency market. Here, we review its features against former crypto favourites Ethereum (ETH) and Polkadot (DOT) in this article as it prepares for launch.
Ethereum (ETH) is one of the biggest tokens in the cryptocurrency market by all metrics. Initially founded on the proof of Work protocol, the network swapped the protocol in 2022 for the more efficient proof of stake protocol.
The upgrade from proof of work to proof of stake became imperative when users and traders complained of the ever-increasing transaction fees that the Ethereum (ETH) blockchain charged. The high gas fees already warranted the creation of side blockchains like Polygon and public blockchain deployment on other networks. The developers announced in 2022 that they would add the new protocol to an event called the Ethereum Merge. Consequently, the Merge was eagerly anticipated by most users in the cryptocurrency market.
Ethereum's significant contribution to blockchain technology is smart contract development and integration. Smart contracts aid the automation of transactions, making it easier for users to complete asset transfers efficiently on the network. Since their development, smart contracts have been incorporated into other platforms to help ease the transaction traffic on the servers.
Ethereum (ETH) is also popular for hosting several DApps and DeFi solutions designed to improve user experience on the network. ETH currently sells for $1585.10 on CoinMarketCap.
Polkadot (DOT) is a cross-chain token that permits interactions between several blockchains. Normally, swapping tokens occurs through decentralized exchanges, where users trade via currency pairs. However, Polkadot eliminates the need to change with a DEX as it supports interchain communication.
Polkadot (DOT) operates a proof-of-stake protocol, which ensures less energy is required to process and store each transaction on the network. The less energy spent on the platform, the fewer gas fees users must pay to complete transactions.
An important attribute of Polkadot (DOT) is the use of parallel chains. The side chains communicate with the main chain via bridges to facilitate data transfer between the blockchains. Due to user influx, the developers built the protocol to operate through parallel chains, allowing the Polkadot (DOT) network to scale easily if the traffic exceeds the normal range.
The Polkadot (DOT) token is used for staking on the network, which improves the platform's security. It is also used for voting, where users decide on the protocol's future. The token lists for $6.57 on CoinMarketCap.
Dogeliens (DOGET) is a new memecoin looking to break into the top cryptocurrency ranks by its launch date. The coin plans to take advantage of its meme nature to reach as many users as possible and provide them with utility services they will find nowhere else, even as it continues to pursue its interplanetary ambitions.
First off, Dogeliens (DOGET) is a cross-chain token allowing asset transfer between most blockchains and networks. The cross-chain feature comes in handy when users from different blockchains come to play the blockchain games launched. Then, they can convert the native token, DOGET, into any of their preferred currencies. To ease transactions on the platform, Dogeliens' smart contracts have been audited, and the platform is ready for trading already.
On utility, Dogeliens (DOGET) intends to offer a three-part Metaverse-enabled ecosystem that will attract all sorts of users from all over the crypto space. The Spaceship, a Metaverse platform, will feature play-to-earn games where users will battle against one another for avatar NFTs. The Spaceship also allows users to communicate with others in the virtual world.
Other features of the ecosystem include the University of Barkington and the Pupstore. The University of Barkington is a virtual learning platform for users to stay informed of DeFi developments and tools and how to profit from them. At the Pupstore, users can get NFTs produced by the developers for sale. Such NFTs are useful in play-to-earn games and could be exchanged between users.
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
