Topic: What do you think about Dogechain (DC)? - page 2. (Read 260 times)
I think it's better to hold a more certain dogecoin than to exchange it over a bridge into dogechain, this project is still relatively new so I think during a bear market like this avoid new projects like this, I'm not sure that this project has good potential in the future, I just found information about it, there is no website link or information included so I'm looking for it myself
I know the project but I really can't tell what the team have in mind for this project, maybe they plan to abandon the project later or they really have something good in mind for the project no one knows, we are still in a bear market so my advice is slowly track this project and see if they come up with something true and new before investing some money, this is the type of projects I would be very careful with.
I'm going to be fair, this project has no intention to live longer instead, and this will be the reason why investors of this project will lose their money. Because if the developer of this project is serious about this, they never used the name Doge but instead made another name that was more interesting. People already know about Dogecoin and people might think this is another Doge project, that sounds like a scam project. Could we really can afford to take a risk on this? Not at all.
If this Doge founder itself reject the affiliation to this project, then I highly doubt this project will going far with the Doge Chain, except they change the project name getting the doge founder approval is essential otherwise no one will believe in this project.
Existing DOGE holders can use the "bridge" to convert DOGE into DC and gain access to "De-Fi".
You got most of it right except the DOGE is bridged to a wrapped DOGE. It was called "wDOGE" but now they just call it "DOGE," which is pretty misleading, but then again so are most aspects of this project.
DC is the "utility token" of the network, separate from wDOGE. As with all other tokens on its platform it is only good for pump n dumps.
After rejection by doge coin CEO and that makes doge coin has no affiliation with doge coin anymore.
Heh, that was Billy Markus, co-creator of Dogecoin, that rejected the offer. There is no Dogecoin CEO. And it never actually had an affiliation with Dogecoin... it just tries to convince people that it does.
In short, I recommend staying away from it. If the economy doesn't tank during the rest of the year, now might be the perfect time to pick up the real $DOGE. Can't say the same for $DC -- it is unproven and my belief is its only a matter of time before their bridge is compromised.
That's a shady coin https://u.today/doge-co-founder-refuses-to-promote-dogechain-for-14-million-in-crypto
This can be considered as a second layer for doge coin caused by doge coin has no ability to deal with smartcontract but since the developers of DC was doing shady thing and im not even thinking if that was worth to invest for now.
I do believe if investing in the doge coin was far better. After rejection by doge coin CEO and that makes doge coin has no affiliation with doge coin anymore. The chance to become second layer solution has gone.
This can be considered as a second layer for doge coin caused by doge coin has no ability to deal with smartcontract but since the developers of DC was doing shady thing and im not even thinking if that was worth to invest for now.
I do believe if investing in the doge coin was far better. After rejection by doge coin CEO and that makes doge coin has no affiliation with doge coin anymore. The chance to become second layer solution has gone.
It might've been created with the purpose of enriching developers themselves. The token allocation tells us that the project should be taken with a grain of salt. I don't get what the hype is all about, when anyone can create a separate chain using Polygon's SDK. What matters is what real use cases the project provides that would make it unique among its competitors. "Meme" coins have made a lot of "buzz" ever since Elon Musk shilled the Dogecoin project, so we should expect the unexpected.
One thing for sure is that the vast majority of projects are nothing more than pure cash grabs. That's why you should do your own research before deciding to invest into a new cryptocurrency project with your hard-earned money. Who knows if Dogechain (DC) won't last for long? Just my thoughts
That's a shady coin https://u.today/doge-co-founder-refuses-to-promote-dogechain-for-14-million-in-crypto
This can be considered as a second layer for doge coin caused by doge coin has no ability to deal with smartcontract but since the developers of DC was doing shady thing and im not even thinking if that was worth to invest for now.
I do believe if investing in the doge coin was far better. After rejection by doge coin CEO and that makes doge coin has no affiliation with doge coin anymore. The chance to become second layer solution has gone.
This can be considered as a second layer for doge coin caused by doge coin has no ability to deal with smartcontract but since the developers of DC was doing shady thing and im not even thinking if that was worth to invest for now.
I do believe if investing in the doge coin was far better. After rejection by doge coin CEO and that makes doge coin has no affiliation with doge coin anymore. The chance to become second layer solution has gone.
There's a new blockchain network called "Dogechain" which aims to bring the world of "De-Fi" into Dogecoin. It's sort of like a sidechain living on Polygon (MATIC) with its own token for TX fees (dubbed DC). Existing DOGE holders can use the "bridge" to convert DOGE into DC and gain access to "De-Fi". Some people are saying Dogechain is a scam, especially when most of the tokens are allocated to the development team. The chain is fairly new to the world, so we should give it some time to see what happens.
What do you think about Dogechain? It is a good investment? If not, why? Do you think it's a good idea to bring smart contracts to Dogecoin? Your input will be greatly appreciated. Thanks in advance.
What do you think about Dogechain? It is a good investment? If not, why? Do you think it's a good idea to bring smart contracts to Dogecoin? Your input will be greatly appreciated. Thanks in advance.
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