Dogechain: The First-Ever MemeChain That Provides Utility To Dogecoin ($DOGE)
If you hold $DOGE on the Dogecoin network, Ethereum, or Binance, what are your chances of using it expressively as a crypto asset?
The chances are slim because as a memecoin, there are no utilities to Dogecoin except being a means of payment and mostly, HODLing.
However, being the first ever memecoin to launch in 2013 and followed by Elon Musk’s support of the coin in 2021, it became the most adopted memecoin in crypto. Significantly, DOGE is the King of Memecoins.
If you ever want to tier the rank of cryptocurrencies, it is popularly Bitcoin $BTC, Ethereum $ETH, and Dogecoin $DOGE. And it is obvious why — each one of them is a pioneer in their own right and has earned its place as the most adopted cryptos with heavy market domination.
Now, holding Dogecoin may be an okay thing to do. Maybe while waiting for Elon to make a move on it that would make the price run a bull or generally for the crypto market’s bull run.
But what if you could engage your $DOGE in more than just holding or payments? What if you can utilize them in different projects/ecosystems? What if you can stake them for rewards or use them to play on-chain games? Wouldn’t that be the best way to scale your $DOGE?
Introducing Dogechain
The launching of Dogechain in August 2022 became the revolution to the Dogecoin redundancy.
Dogechain is a Layer 2 Blockchain that leverages the Polygon Edge framework to become a stand-alone EVM-compatible chain — popularly called the “memechain”.
It is also a community-first ecosystem for $DOGE believers and holders created by Dogecoin enthusiasts who thought that $DOGE can do more than just be held.
Some of the contributors involved in the creation of Dogechain include:
1. Roc Zacharias, co-founder of Quickswap and founder of Lunar Digital Assets (LDA)
2. Andrew Lee, senior developer of Dogechain.
3. Sam Kazemian, co-founder of Frax Finance.
4. Chandler Song, co-founder of Ankr.
In the development team are also some developers who were involved in the building of $DOGE in its early stages.
What is exciting about this chain is the utilities it adds to $DOGE which was once only a memecoin with a “hold for pump” potential. So, by bridging $DOGE to Dogechain, the first-ever memecoin can be engaged with in more ways than one.
How Does This Work?
As a holder of $DOGE, using the Dogechain bridge, you can bridge your $DOGE from the Dogecoin network to the Dogechain network.
In sending your $DOGE tokens, they are locked and held in a smart contract, and derivatives that are compatible with the Dogechain network are sent to your wallet.
The derivative tokens are $wDOGE — wrapped DOGE.
Here is the Dogechain bridge: https://bridge.dogechain.dog/ to mint wrapped dogecoin — $wDOGE.
$wDOGE is used as gas on Dogechain & on all dApps developing on the chain allowing users to participate in DeFi, mint NFTs, play blockchain games, etc. It can also be staked on Dogechain’s DEX: https://dogechain.quickswap.exchange/
If you want to know how to bridge your $DOGE to Dogechain, watch this: https://www.youtube.com/watch?v=daCRF_L7vik&feature=emb_logo
Dogechain Family is one of the most vibrant and active communities. Follow and join all of its socials to be a part of its rapidly growing ecosystem and stay updated: here
