What is Dogechain (DC)

Dogechain (DC/USDT – Trade it Here) is an EVM-compatible layer-2 blockchain that aims to complement the original Dogecoin cryptocurrency. As a proof-of-stake blockchain, Dogechain seeks to bring scalability, security, robustness, and utility to Dogecoin and aims to harmonize with the original meme crypto by enhancing its capabilities with smart contracts. Basic information for the dogechain token is available on the MEXC Digital asset introduction page. Don’t forget to check out the announcement of DC and find out how to win DC with our referral program!

MEXC x Dogechain (DC) Exclusive Event

Core Features of Dogechain

The main goal of Dogechain is to increase the use cases of Dogecoin by providing it with much-needed utility. Dogecoin users can achieve this goal by merely wrapping their $DOGE into Dogechain smart contracts and receiving $wDOGE PoS tokens in return. $wDOGE tokens live on the Dogechain blockchain and will allow users to access an ecosystem of DeFi products, NFTs and GameFi, all indirectly powered by their original $DOGE tokens. This enhance of utility relies on the following technical features:

  • IBFT Proof-of-Stake (PoS) consensus: Community users can participate in the network which ensures a permissionless and decentralized blockchain.
  • EVM-compatible: Existing Ethereum smart contracts can easily be migrated to Dogechain without requiring any further modification.
  • Decentralized Governance: Community members (token holders) can make proposals, delegate, vote on the blockchain parameters & events, and influence governance decisions.
  • Cross-chain compatibility: Dogecoin can be easily utilized on the Dogechain network by wrapping the Dogecoin via the Dogechain bridge, and sent back to the Dogecoin network as needed.

DC Tokenomics

There is a total of 1 billion DC tokens. The initial allocation of tokens are as illustrated below:

The projected supply schedule is as seen below:

DC Token Supply

Recent Token Price & Performance

Since its launch on MEXC on August 25, 2022, Dogechain (DC) reached the highest price (ATH) of 0.0073500 USD on August 29, 2022. The lowest price of Dogechain (DC) since its launch was 0.0003583 USD on October 21, 2022. Currently, they are once again going to the moon with 0.0037000 USD at the time of writing.

How to buy Dogechain (DC)?

You can buy Dogechain (DC) on MEXC by the following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “DC” using the search bar to see the available trading pairs. Take DC/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of DC you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy DC] to confirm your order. You will find the purchased DC in your Spot Wallet.

You can find a detailed guide on how to buy Dogechain tokens here.

Opportunities on Leveraged ETF

DC3X/USDT on Leverage ETF

This is the trading graph of Dogechain on a 3X leveraged ETF. At the time of writing (October 31, 2022), we can see that DC3L/USDT is performing greatly as +45.39%. Leverage ETF opens up more opportunity for higher gain with no liquidity risk for your daily trading. Every 1% growth on spot market is equivalent to 3% on leveraged ETF platform. If you had bought 100 USDT worth of DC3L at 0.171 on October 21, you could have earned a compound interest of more than 8,000 USDT.

Comparison of investment between Spot, Futures and ETF on October 28,2022

Here we can see that leveraged ETF provides a much higher yield in comparison with other trading zone at MEXC. If you started trading on October 21, 2022, your highest rate of return today (October 31,2022) would be more than 8000%. Start your ETF trading today and get ahead of other traders! MEXC provides leverage ETF on many tokens of your liking. Find out what is ETF here and explore ETF on MEXC now!

Interested in crypto like DC?

MEXC lists moonshot and provides access to trading of major crypto coins like Dogechain (DC) , keep an eye on our listings in Innovation and Assessment zones, as well as major tokens in the Main Zone – we have more great projects to come! Also, visit the hot projects section to find more hot tokes that were listed already. If you would like to know more about crypto trading itself visit MEXC Academy.

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