Dogeverse, Solana’s Leading Multichain Meme Coin, Secures $13 Million in Current Presale

Wednesday, May 01, 2024 – The ongoing presale for Solana’s premier multichain token Dogeverse ($DOGEVERSE) has amassed $13 million to date, with at least $2 million entering the ICO within the five days following its launch on Solana.

This latest Shiba Inu-themed humorous token has captured the attention of meme enthusiasts, degens, and crypto advocates alike, who perceive Dogeverse’s dynamic cross-chain functionalities as a glimpse into the future of meme coins.

Now, SOL supporters are also participating. As of Friday, April 26, Dogeverse has launched on its sixth native chain, Solana, joining a digital ecosystem that boasts a total value locked (TVL) of $3.465 billion, with 1.13 million active users engaging in transactions daily and over 2,500 developers active monthly.

Since Dogeverse operates across multiple chains, it is accessible for purchase by anyone on Ethereum ($ETH), BNB Smart Chain ($BNB), Polygon ($MATIC), Avalanche ($AVAX), Base ($BASE), and now Solana ($SOL) as well.

To buy with SOL, users can visit the website and select “Buy With SOL” from the drop-down menu of the purchase widget. This action will redirect users to a Solana-specific version of the site hosted at solana.thedogeverse.com.

The option to transact using Solana is available on a subdomain, as wallet connect functionalities cannot support both Ethereum Virtual Machine (EVM) and Solana-integrated wallets simultaneously.

The SOL-specific version of the Dogeverse website also introduces the capability to acquire tokens using Circle’s widely used USDC, which is the preferred stablecoin on the Solana network.

#Cosmo ventures to a new world in the vast #Blockchain Universe!

This time landing on planet #Solana and expanding the horizons of the #DOGEVERSE even more!

Empowering users with benefits like:

Lightning-Fast Transactions
Low Transaction Costs
Scalability and… pic.twitter.com/BH4l5RjhIS

— DogeVerse (@The_DogeVerse) April 30, 2024

The Dogeverse ICO and Beyond

Currently valued at $0.000304 and set to increase in a few days, Dogeverse sold out its initial soft cap allocation of 200 billion tokens after gaining viral traction upon its launch at the start of April.

A remarkable $1 million flowed into the project within just 48 hours of its ICO, leading to the complete sellout of tokens allocated for the first two presale rounds, far surpassing the team’s initial expectation of a 6-day duration for the first round.

This allowed Dogeverse to advance to the second half of its ICO a day ahead of schedule. An additional 200 billion tokens are being offered to the public in the remaining rounds before the presale concludes. Originally, this was slated for June 11, but due to the overwhelming success of the presale, it is likely to finish significantly earlier.

The proceeds from these extra tokens, which would typically be sold on decentralized (DEX) or centralized (CEX) exchanges post-claim, will now be utilized to enhance liquidity to ensure robust trading volumes and for buy-back initiatives.

Token holders can stake on Ethereum to receive passive rewards.

The team is actively pursuing listing applications with CoinGecko and CoinMarketCap, while future DEX and CEX listings are part of the project’s roadmap.

Bridging Blockchains with $DOGEVERSE Tech

Wormhole and Portal Bridge play a crucial role in enhancing the interoperability within the #DOGEVERSE ecosystem.

We’re eager to learn from your experiences—share your thoughts and insights below! #AltSeason #ETH #SOL #BNB pic.twitter.com/7rZm66mCWj

— DogeVerse (@The_DogeVerse) April 30, 2024

Cosmo: Crypto’s New Hyper-Jumping Multi-Chain Good Boy

The market’s interest in dog-themed coins began with Dogecoin (DOGE) at the end of 2013. Dogecoin required little promotion, as it was based on a viral meme that nearly everyone with a social media account had encountered. (Wow! Such meme! Very crypto!)

Since then, numerous celebrities have expressed their fondness for the novelty dog-themed cryptocurrency, including Tesla CEO Elon Musk, American entrepreneur Mark Cuban, and musicians Gene Simmons and Snoop Dogg.

However, despite its entertainment value, Dogecoin has its challenges.

As Dogecoin operates on its own proprietary network based on Bitcoin, it employs a consensus mechanism known as Proof-of-Work (PoW) to validate transactions. This means that miners with the greatest computational power mine the most Dogecoin. Similar to Bitcoin, mining DOGE consumes significant energy.

Doge was succeeded by Shiba Inu (SHIB), Floki (FLOKI), Bonk (BONK), and DogWifHat (WIF). All of these reference original viral doge memes in some manner, but they have emerged from either the most commercially significant blockchain, Ethereum, or its closest competitor, Solana, both of which utilize less energy than Bitcoin and Dogecoin.

To date, none of the alternative Dogecoins have effectively challenged the original’s supremacy.

Dogeverse aims to alter that. It is constructed on a multichain network that spans six chains, none of which utilize the PoW consensus mechanism.

At the heart of the Dogeverse is our four-legged companion Cosmo. Born from a supernova, Cosmo discovered he possessed a unique ability: the power to hyper-jump across universes.

Now, Cosmo wishes to share the chain-leaping excitement with his owners.

Introducing #Cosmo, the remarkable #Doge born from stardust!

As the ambassador of #DOGEVERSE, Cosmo symbolizes liberty, ingenuity, and unity.

Embark with him on an adventure across the #Crypto cosmos, breaking barriers and venturing into uncharted territories together. pic.twitter.com/wzLatjuLMu

— DogeVerse (@The_DogeVerse) April 21, 2024

Dogeverse and the Ethereum ETF Saga

Analysts are expecting potentially market-moving news this month, specifically on May 23. This date marks the SEC’s initial deadline to respond to the latest wave of applications for US spot Ethereum ETFs.

This date could signify the onset of a potential Ethereum gold rush, and with Ethereum being the most commercially significant blockchain in crypto, the entire ecosystem stands to gain.

Layer 1 competitors like Solana and Avalanche, as well as Layer 2 solutions like Polygon, which are all native to the Dogeverse, will also benefit.

Considering that a federal court overturned the SEC’s previous rejection of Bitcoin ETFs as “arbitrary and capricious,” it is plausible that spot Ethereum ETFs will be approved without opposition, paving the way for similar products for Solana and Avalanche.

The ETF effect is a tangible catalyst as well. Earlier this year, the US introduction of eleven spot Bitcoin ETFs propelled the original cryptocurrency to achieve a new peak of $73,737.94 on March 14.

Thus, Cosmo serves as a clean and eco-friendly representative of not just one, but six distinct blockchain networks. With staking options, seamless multi-chain engagement, and a potentially impactful news cycle on the horizon, there is much to appreciate about crypto’s new hyper-jumping canine.

Participate in the presale on the Dogeverse website before the price increases.

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