Eco-friendly Dogecoin alternative, Dogecoin20 ($DOGE20), is set to debut on MEXC tomorrow with a staking reward of 45%. Following a successful $10 million presale and a 100% surge on its launch on Uniswap, DOGE20 is now making its way to the centralized exchange. Deposits are currently being accepted, and the registration period will run until Sunday. The DOGE20/USDT pair will be listed on MEXC at noon. This strategic move brings the potential “Dogecoin-killer” to an exchange with over 10 million users across 170 different countries. With its attractive staking rewards and Ethereum-based token design, Dogecoin20 is being hailed as the most versatile and rewarding doge in the crypto world. The “20” in the token’s name signifies its use of the ERC-20 token standard, allowing it to interact with smart contracts on the Ethereum network. This makes Dogecoin20 faster, cheaper, and more environmentally friendly than its predecessor, Dogecoin, which relies on the energy-intensive Proof-of-Work consensus mechanism. By leveraging Ethereum’s energy-efficient Proof-of-Stake mechanism, Dogecoin20 aims to provide a greener alternative for users. Furthermore, the token offers a staking mechanism that currently yields an impressive 45% APY, providing holders with a passive income opportunity. With over 63 billion tokens already staked, DOGE20 is establishing a solid foundation and attracting long-term investors. The token has a total supply cap of 140 billion tokens, ensuring scarcity and value. Despite its low market cap of less than $1.54 billion compared to Dogecoin’s $20 billion, DOGE20 has almost $11 million in liquidity on Uniswap, facilitating smooth and high-volume trading. Investors are also keeping an eye on May 23, as the US SEC is expected to announce its verdict on spot Ethereum ETFs, which could have a significant impact on DOGE20 and the Ethereum ecosystem as a whole. As with any investment, it’s important to note that crypto carries a high level of risk, and this article should not be taken as investment advice.
