What is Dogechain? | Bitcointalksearch.org

GeorgeJohn

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Quote from: Editbar on October 07, 2022, 09:54:15 PM

Dogechain is a new project that aims to serve as a layer 2 network for Dogecoin. It will add various features to the original blockchain. For example, Dogechain will support decentralized finance services (DeFi), decentralized apps (dApps), and NFTs.

Dogechain is already operational. On Aug. 27, the project said that it has carried out 4.5 million transactions and registered 175,000 unique wallets to date. On Aug. 15, it claimed that $70 million worth of DOGE has been deposited on-chain.

What we should understand, is that dogechain is just a supportive measure to back a Dogecoin and also create more vacuum in Dogecoin, so what I'm seeing over there, is a systematic way's of involving into advertisement of Dogecoin, so that it's value will still remain since other tokens or altcoins is giving off in the market per say

MAAManda

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Quote from: SaveOurSea on October 11, 2022, 03:08:43 PM

Dogechain is one of the ecosystems in Dogecoin that we can really hope for,
because it has been a long time since Dogecoin has not had an ecosystem that can beat the ecosystems of Ethereum and Terra Luna,
and maybe 2023 Doge will surprise people that the ecosystem of Doge can also experience success,
and one that will bring or the beginning of the success of Layer2 of Dogecoin in my opinion Dogechain.

Yes, it is possible, nothing is impossible for $DOGE after the presence of $DC as their layer-2. So far there are a lot of DApps that have been incorporated into the ecosystem such as Amakuni, Anjiswap, Aqua Doge, Arable Protocol, Atlantis Swap, Autobark, Darkauto and others, you can see all of them here.

SaveOurSea

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Quote from: MAAManda on October 08, 2022, 11:35:49 AM

I think Dogechain is a very good project, because they provide utility to Dogecoin that didn't have any utility before. The $DC tokens themselves had an ATH of $0.004501 (about a month ago) and now they are only at $0.0006447. This shows that there is more and more interest in this token now, people only gather when the hype is happening.

I don't know whether to say this project is a good one or not, because on the one hand, they have a real impact on the doge ecosystem and on the other hand the future price of the $DC token is getting more and more unclear.

Dogechain is one of the ecosystems in Dogecoin that we can really hope for,
because it has been a long time since Dogecoin has not had an ecosystem that can beat the ecosystems of Ethereum and Terra Luna,
and maybe 2023 Doge will surprise people that the ecosystem of Doge can also experience success,
and one that will bring or the beginning of the success of Layer2 of Dogecoin in my opinion Dogechain.

savetheFORUM

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Quote from: adzino on October 07, 2022, 08:03:38 PM

You know it's a shit project when they have to use the name of another coin that trends a lot. More shit when it uses the name of another meme coin. Dogecoin never asked or looked for the "utilities" that this project is providing. Once you "bridge" your coins and receive the "wrapped" version of it, it is no longer the same dogecoin. They could have launched the same project with a different name and not involve dogecoin, but they decided to do it so people "think" it is the "updated" version of dogecoin with utilities. But in reality, it is just another scam coin.

It is said to be a layer of 2 of dogecoin. I think that's the same with other layer 2 projects like matic, so it might be useful and beneficial for the doge coin. It's not really a shit project I guess?

This is different from those who are literal shit projects and meme coins with no known use cases other than riding the hype and they also carry the name of the other more popular projects. They think it can give them an edge to be easily noticed by the public. Wrapped coins are not new. We have wrapped eth, wrapped btc and others but they are still the same coin so I think it won't differ to this one. Doge is still doge but they are only giving it more capabilities.

MAAManda

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I think Dogechain is a very good project, because they provide utility to Dogecoin that didn't have any utility before. The $DC tokens themselves had an ATH of $0.004501 (about a month ago) and now they are only at $0.0006447. This shows that there is more and more interest in this token now, people only gather when the hype is happening.

I don't know whether to say this project is a good one or not, because on the one hand, they have a real impact on the doge ecosystem and on the other hand the future price of the $DC token is getting more and more unclear.

Jackl87

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Quote from: HB Wallet on October 07, 2022, 12:00:19 AM

The emergence of Dogechain has brightened the DOGE comunity sentiment since its launch.
Dogechain rises up as a dedicated Layer 2 of Dogecoin, which aims to bring utilities and applications to DOGE token.

I found this project by accident because i wanted to try out the trading bots that Kucoin is offering because i had some idle stablecoins laying around there and exactly when i wanted to start a bot the Dogechain/USDT trading pair was listed on Kucoin and was at the first position of created bots back then. I also started my bot with this trading pair then because it had a very high volatility and also a high volume.
Afterwards i started to read about dogechain and found out the stuff that others in this thread have already mentioned. The dogecoin community is not supporting this project and the team behind dogechain is also kinda dubios and has done some shady stuff in the past. After i have read this i stopped my bot and now the price is already like 80 or 90% down from the ATH and i think it will continue to fall.

Grim149x

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its nice to holding doge but its much better to hold shiba inu ithink. soon will be surpass doge coin price shiba will be lead. but its good to holding doge for long term .

Dave1

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Quote from: ?? on ??

I just know this is a platform that being rejected by real doge coin founder after offering him bunch of money to promote this token. I never think if this token is offering a good thing for us as a crypto community. People know which was the real doge coin and which is not.

Doge second layer for doge coin was only selling the name of doge coin and no more than it.

Yeah, this is also the first impression when I heard about the name, probably just riding on the popularity of Doge. And then as what you have said, offering money for the real doge co founder, that smells something fishy and it look like it hit their reputation.

So the people behind this project is simply riding on the popularity of Doge, nothing more than that. And for sur there are intelligent investors who knows it and would stir away from this project.

Editbar

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Dogechain is a new project that aims to serve as a layer 2 network for Dogecoin. It will add various features to the original blockchain. For example, Dogechain will support decentralized finance services (DeFi), decentralized apps (dApps), and NFTs.

Dogechain is already operational. On Aug. 27, the project said that it has carried out 4.5 million transactions and registered 175,000 unique wallets to date. On Aug. 15, it claimed that $70 million worth of DOGE has been deposited on-chain.

adzino

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You know it's a shit project when they have to use the name of another coin that trends a lot. More shit when it uses the name of another meme coin. Dogecoin never asked or looked for the "utilities" that this project is providing. Once you "bridge" your coins and receive the "wrapped" version of it, it is no longer the same dogecoin. They could have launched the same project with a different name and not involve dogecoin, but they decided to do it so people "think" it is the "updated" version of dogecoin with utilities. But in reality, it is just another scam coin.

jossiel

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Still, many people and devs can't get over of what Dogecoin brought to the market as a meme coin. And up until now, they're capitalizing and trying to ride its fame.

If the Dogecoin developers disapproves then there's no need for it to be highlighted just because they've attached the name of Doge after it. This is the same as BTC and ETH that's always being romanticized and used.

serjent05

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Quote from: HB Wallet on October 07, 2022, 12:00:19 AM

The emergence of Dogechain has brightened the DOGE comunity sentiment since its launch.

Lol, this was rejected by the Doge team itself.

Quote from: HB Wallet on October 07, 2022, 12:00:19 AM

Dogechain rises up as a dedicated Layer 2 of Dogecoin, which aims to bring utilities and applications to DOGE token.

What are you babbling about? Dogecoin isn't part of Dogecoin and has nothing to do about Dogecoin.

Quote from: HB Wallet on October 07, 2022, 12:00:19 AM

For instance, DOGE holder can bridge DOGE to this new Layer 2 in a wrapped format (ERC-20) as wDOGE to pay for gas fees, purchase NFT, or use DeFi applications, etc.

This ↓↓↓

Quote from: DeathAngel on October 07, 2022, 03:07:19 PM

Just seems like another speculative, useless shitcoin. Probably trying to take advantage of gullible newbies due to the relative success of other meme coins in recent years. I’d steer well clear of it personally, there are too many shitcoins like this with zero utility & most likely no chance of success. Do your own research but be very careful about allocating capital to schemes like this.

and this ↓↓↓

Quote from: ?? on ??

I just know this is a platform that being rejected by real doge coin founder after offering him bunch of money to promote this token. I never think if this token is offering a good thing for us as a crypto community. People know which was the real doge coin and which is not.

Doge second layer for doge coin was only selling the name of doge coin and no more than it.

Dogecoin has nothing to do with Dogechain and they are separate projects where the Dogecoin founder rejected the Dogechain developer when the latter asked the cooperation of the former. And even told the latter that using the Doge on its name is a bad idea. But the Dogechain developer still used the name to confuse people.

DeathAngel

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Just seems like another speculative, useless shitcoin. Probably trying to take advantage of gullible newbies due to the relative success of other meme coins in recent years. I’d steer well clear of it personally, there are too many shitcoins like this with zero utility & most likely no chance of success. Do your own research but be very careful about allocating capital to schemes like this.

SaveOurSea

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Dogechain is indeed good, especially since many top tier 1 exchanges such as Kucoin, Gateio and Huobi support Dogechain for listing there.
Of course this is one of the good points for DC, if Binance and FTX list DC, it is not impossible that DC will become a rival to Doge and Shiba as memecoin.
but we need to know that memecoin is memecoin, where the project is not clear in the future, so stay careful if you want to invest in memecoin.

HB Wallet

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The emergence of Dogechain has brightened the DOGE comunity sentiment since its launch.

Dogechain rises up as a dedicated Layer 2 of Dogecoin, which aims to bring utilities and applications to DOGE token.

For instance, DOGE holder can bridge DOGE to this new Layer 2 in a wrapped format (ERC-20) as wDOGE to pay for gas fees, purchase NFT, or use DeFi applications, etc.

Learn more in our article What is Dogechain (RPC, Tokenomics and more)

Topic: What is Dogechain? (Read 149 times)