Dogeverse presale hits $12m, poised to transform memecoin market

Dogeverse, a new Dogecoin-inspired meme coin, has raised over $12 million in its presale, positioning itself as a significant player in the evolving meme coin landscape.

A new Dogecoin-inspired meme coin called Dogeverse has raised over $12 million during its presale as it gears up for an imminent launch. 

Priced at $0.000304 per token, investors have bought $12,540,715.17 worth of  DOGEVERSE tokens at the time of writing. The project team is targeting $13,641,842 during this stage of fundraising, which it will likely hit in the coming days.

World’s first multi-chain Doge memecoin

Unlike other dog-focused tokens like WIF which operates on Solana, or Floki which is an ERC-20 coin, Dogeverse is available on multiple blockchain networks. Including Solana and Ethereum, Dogeverse is accessible on Binance Smart Chain, Avalanche, Polygon, and Base, with more network integrations in the works.

According to its website, by adopting this multi-chain approach, Dogeverse hopes to create an interconnected “universe of doge lovers” that enables community engagement, and rewards for holders, as well as creating a creative fun ecosystem within the often volatile world of cryptocurrency. So far it appears that this approach is working, with meme coin enthusiasts of each network able to participate in its growth.

Dogeverse tokenomics and generous staking rewards

So what are the numbers behind the project? Well, there is a total supply of 200,000,000,000 tokens. All tokens have been distributed to various aspects of the current use cases and future targets of the project. 25% has been set aside to fund the creation of the project, with a further 25% for the marketing and community building of Dogeverse.

For the remaining 50%, 15% has gone to the Dogeverse presale, with the vast majority of these tokens already sold to investors. 10% is being put aside for the ecosystem, 10% for staking, and the final 5% is set to be allocated to future listings on both centralized and decentralized crypto exchanges. 

One major way Dogeverse has attracted early investors has been through the use of staking, where those who hold the token are rewarded for doing so. At the time of writing this, an annual percentage yield (APY) of 89% is available to stakers. Of the 30 billion tokens made for the presale, 18,057,756,933 have already been staked.

In terms of distributing these rewards, Dogeverse states, “The distribution of Dogeverse token rewards will occur at a rate of 6088 DOGEVERSE per Ethereum (ETH) block and will be disbursed over 2 years.”

Project roadmap

The project was initially broken down into 5 phases, with 2 already completed. The first phase consisted of the launch of its website, with social media channels also being created. Next, was the start of the presale, which is soon set to be completed.

Looking at the road ahead, Phase 3 will see some of the funds from the presale spent on marketing, to further grow brand awareness. Additionally, Dogeverse will look to apply for listings on sites like CoinMarketCap and CoinGecko, which will make it easier for potential investors to compare it to other newly launched projects.

In Stage 4 the company plans to begin listing on DEX platforms and subscribe to DEX research and analytical tools, Concluding with listings to centralizeed platforms and creating new incentives for the community in the final phase.

To learn more, visit the Dogeverse presale. To keep tabs on Dogeverse and see how it goes about achieving the above, follow it on X (Twitter) and Telegram.