The latest trend in cryptocurrency is the tap-to-earn concept. This genre is breaking boundaries one after another, with top tap-to-earn games launching at a seemingly nonstop pace these days. And that’s exactly where Dogen steps in.
Dogen is a degen dog—a meme coin on the Solana blockchain currently in its presale stage, which started at the end of August, offering the $DOGEN coin through a self-hosted crypto launchpad on its website. Dogen is an alpha dog who's into beautiful women, luxury watches, fine cigars, flashy cars—you get the idea.
But Dogen also seems to have a peculiar interest in tap-to-earn games! Otherwise, why would he commit to launching one as part of his roadmap? We decided to take a closer look at the Dogen crypto project and see if we could discover a promising venture. Here’s what we found.
Whitepaper and Tokenomics (Dogenomics) of the Dogen Coin
Our first stop was the whitepaper. For a meme coin, it’s surprisingly well-written. It describes the story behind Dogen and introduces three audits for the same $DOGEN token from different auditors. One audit would be more than sufficient for such a simple token, but Dogen likes to show off, we assume. The whitepaper also describes a referral program and a reward points mechanism for loyal fans.
The tokenomics, called Dogenomics, includes a pie chart illustrating how tokens are allocated for various purposes, but there’s nothing particularly noteworthy to elaborate on.
The presale addresses for the Ethereum, Polygon, and BSC wallets are published in the whitepaper, but the Solana presale wallet address is missing. We counted over $400K in the project wallets using blockchain explorers, but according to the project's announcements, they have raised $600K to date. We assume the difference lies in the unpublished Solana presale wallet. We did not investigate the discrepancy further, although this could potentially be a red flag.
Now we come to the most intriguing part—the tap-to-earn game... drumroll, please... "Coming Soon." Okay, a bit disappointing. The page mentions that an announcement is expected soon on Twitter and the Telegram chat. It was edited a month ago. While the project raises $600K, and there is no information on the flagship game, that’s a yellow flag for us.
Dogen Coin and Its Tap-to-Earn Concept
After reviewing the project’s whitepaper, we started evaluating the concept. Many tap-to-earn games are also a type of meme coin. These games often feature a cartoon character, and they resemble meme coins, if not being a meme coin in essence. X-Empire has an Elon Musk cartoon character at its center. Rocky Rabbit revolves around muscular rabbits in combat. X-Hamster features a businessman hamster running a crypto exchange. These are all forms of meme coins with a tap-to-earn game. But they didn’t have to raise funds from retail investors as anonymous developers. They could raise funds from venture capitalists or professional investors; likely, some of the project developers are professional blockchain gaming companies.
This got us wondering: Will the developers of the Dogen crypto project be able to deliver a tap-to-earn game on par with the high standards of the existing tap-to-earn games? Who knows? Honestly, probably not. Top blockchain gaming studios could do it—but none of them are likely behind Dogen.
The Team: Hidden and No KYC
Sadly, there’s no information available on the team or a KYC certificate reassuring that the founding team has provided their details to a third party. While this is common in crypto presales and doesn’t necessarily mean a project won’t launch or rug pull, when raising $600K, it's a significant concern. Let’s just say the team would have been better off exchanging two out of the three token audits for one KYC certificate. Instead, the team has chosen to remain anonymous, which is a yellow flag for us.
Marketing and Community Engagement
There is some marketing through PR and sponsored articles on major news or blogging platforms—which certainly helps to bring attention—but beyond that, not much. We visited the project’s Telegram channel and Twitter account. On Telegram, we saw some chatting and interactions, but we wouldn’t describe it as a strong community, at least not yet. On Twitter, we found the project attempting to engage the audience with giveaways and interactive posts, but again, nothing particularly impressive.
What we definitely didn’t appreciate was the prominent mention of future listings on the website, with specific cryptocurrency exchanges, including their logos. Binance, Gate.io, and OKX are just a few of the names. This is not ethical and creates a misleading impression for potential investors visiting the site.
Dogen Price Prediction: Beware of Early Speculation
Before considering any Dogen price prediction, it's important to remember that the project hasn’t officially launched yet. There’s even a possibility the project won’t launch at all. Crypto investors should be very cautious of any sites offering Dogen price predictions for such an early-stage presale. Without a live market, any price speculation is unreliable. Always wait for the project to launch before making any assumptions about the price of the $DOGEN coin.
How to Buy Dogen: Through the Launchpad
To buy Dogen coins, you can currently access the presale through its self-hosted launchpad on the Dogen crypto website. This allows early investors to purchase $DOGEN tokens. However, proceed with caution—buying through the crypto launchpad of a yet-to-launch project carries significant risks. Always conduct thorough research before investing.
Conclusion: Is Dogen Crypto Legit?
We’ll keep it simple. If you were our real-life friend, we’d advise you to stay away from the $DOGEN coin presale. While we can’t definitively say if the project is a scam, building a tap-to-earn game that can compete with the best out there today is far from easy. A hidden team with no KYC certificate, featuring just a flashy dog that likes shiny things, doesn’t seem credible enough to accomplish this. And that’s only if their intentions are genuine in the first place. Let’s be honest, we’re in crypto—a legit, capable team wouldn’t pretend they could do this without showing the necessary expertise.
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