This article was paid for*
DogeLend is a new meme coin project that presents users with the underlying utility of decentralized lending. Claiming to provide a user-friendly interface that focuses on security and transparency as much as it does on community governance, DogeLend has raised 50k during its presale so far.
Will this “memefied” crypto lending ecosystem grow in the future? This article explores the answer while giving you different alternatives with upside potential.
What is DogeLend?
DogeLend describes itself as a blockchain project that pays homage to DeFi and meme coins. Like a meme coin, it has an image of a dog—a stylish Shiba Inu with well-defined traits.
While the image is iconic, it is conventional, which DogeLend uses as a vehicle to advertise its underlying lending fundamentals.
These lending fundamentals, according to the whitepaper, focus on utilizing the power of many blockchains, including Ethereum, BNB Chain, Polygon, Solana, Avalanche, and a few others.
The ethos of this project is rooted in bringing a “joyful” experience to the act of interacting with DeFi.
It describes the project as a community-driven celebration of all things doge, and the joyful imagery of Doge makes it easy to digest the complexities of the DeFi landscape.
What are the Key Features of Dogeland?
DogeLend focuses on two key features:
Creative Lending Model
Per the whitepaper, DogeLend uses smart contracts to secure and automate loan processes, which is said to make the entire lending procedure more approachable and entertaining.
The platform reportedly allows users to lend cryptos, including Dogecoin and other meme coins. According to the whitepaper, the lending will have flexible periods and competitive interest rates.
Multi-Chain Approach
DogeLend also reportedly uses a multi-chain approach to lending, leveraging BNB Chain, Solana, Avalanche, Ethereum, Polygon, and more to carry out its operations.
With this approach of not confining the entire process on one chain, DogeLend asserts that it can tap into benefits like scalability, faster processing, and lower transaction costs.
Earning Through Lending and Staking
Earning Through Lending
DogeLend states that owners of cryptos such as Dogecoin can earn interest by lending their holdings. Supply and demand will modify the lending rates, which, according to DogeLend, will allow holders to optimize their profits.
With additional perks like yield farming and liquidity mining, users can boost their profits in other ways too, the platform claims.
Earning Through Staking
Following the same methodologies as other meme coin projects that launched as presales, DogeLend also supports staking during the presale.
Presale investors can choose to stake their tokens during the presale to maximize their profit even more than what the first listing pumps can give them.
An Insight Into DogeLend’s Tokenomics
There are 250 billion $DogeLend tokens in total, and they are allocated in the following manner:
Presale – 20%
Staking – 10 %
Project Funds – 20%
Liquidity – 15%
Marketing 20%
Ecosystem Funds – 10%
Exchange Listing – 10%
The DogeLend tokenomics isn’t exactly community-centric, which is obvious since the project itself basically uses Doge-meme to market its lending facilities.
Does DogeLend Have Potential?
DogeLend has used its doge-based meme to launch its lending protocol. As conventional as this idea is to launch a standard project on the back of popular memes, it is a good idea.
The $DogeLend tokens are available as presales, which indicates the token’s potential to go through a listing pump. Additionally, DogeLend has a respectable number of followers on Twitter and Telegram, which will be a crucial factor in creating hype around this token during its early days.
The launch and listing price should also be considered. With an initial price of $0.0002 and a launch price of $0.0003, early movers are promised a 450% profit.
However, the way the platform is presented in the white paper and on social media is a dichotomy.
The whitepaper has taken a serious tone, highlighting the lending protocol. However, on its social media handles, DogeLend has focused more on jokes.
With more jokes than use cases highlighted about DogeLend on social media, the project will likely attract only those who are interested in this project for the short term. While those seeking long-term upsides may come around, something more tangible about DogeLend’s use case is yet to be found.
Therefore, while we can expect DogeLend to make 5x to 6x in the short term, its long-term performance will hinge on the project’s developments.
Two Different Doge-Themed Meme Coins Also On Presale
Those who are looking for other assets to invest in, along with DogeLend, can focus on other dog-themed tokens.
The two we present have a robust ecosystem and offer many long-term upsides and short-term perks.
Base Dawgz
Focusing on the robust Base-meme coin meta-narrative is Base Dawgz. Featuring an almost heroic image of a Shiba Inu in Base jumping gear, the project has gained a lot of attention due to its multi-chain nature.
Although it was developed on Base, Base Dawgz can leverage Wormhole and Portal Bridge technologies to traverse Ethereum, Solana, BNB Chain, and Avalanche.
The project’s multi-chain nature is not the only reason to invest in it. It also has some traits of a blockchain unifier, as suggested by the image of other base-jumping memes on its official website.
The project’s tone is consistent on all fronts, and it has raised more than $2.4 million during its presale already.
99Bitcoins, a leading crypto educational platform, has called it the next 100x gem.
The YouTuber has hinted at its potential to be the next big meme coin.
Other YouTubers like ClayBro have hinted that the project can have 36x potential, and Clinix Crypto has expressed his excitement towards the hype created by this project.
Those interested in this project should visit basedawgz.com.
PlayDoge
PlayDoge has emerged as one of the biggest presale hits of this year. With its 8-bit doge and unique gaming perks, it aims to bring back the days of Tamagotchi to the world of blockchain gaming.
This P2E project provides an app that lets users buy and care for digital pets, adding financial incentives to the act of caring for digital companions.
It also features mini-games, giving the pets more to do and staking perks for those looking to make long-term gains by holding their tokens.
Leading crypto YouTuber Matthew Perry revealed in a video he uploaded a month ago that he bought $500 worth of PlayDoge.
Jacob Crypto Bury has expressed an interest in this meme token’s utility, and Cryptonews has stated that this project can potentially turn investors into millionnaires.
Thanks to these positive attributes, the project has raised more than $5.6 million during its presale. The price of this presale crypto is set to increase in a few days. Therefore, those interested should act now and buy PlayDoge by visiting playdoge.io.
*Cryptonomist did not write the article or test the platform.
