Dogechain Formally Releases Local Token Named $DC
Dogechain has declared to release its local token named $DC. The cumulative supply of the respective token is nearly $1T while $5B is its circulating supply. $DC’s earliest token price is $0.0001. The consumers who are engaged with the project since the release of the mainnet on 8th January up till now have the eligibility or the airdrop. The listing of the new token $DC has been carried out on Uniswap, Fraxswap, and Quickswap.
Dogechain Launches Native $DC Token
On the official Twitter channel of Dogechain, the project announced the $DC’s launch. In the respective tweet, it was also mentioned that the consumers will have the right of voting on governance proposals along with staking those with validators. Thus, additional security will be provided to the chain.
Dogecoin has witnessed an elevation of almost 40% during the previous 30 days, as it spiked from $0.060 to $0.087. The majority of the respective rise can be associated with the introduction of Dogecoin’s so-called scaling solution named Dogechain. On the website of Dogechain, the project claims itself to be Dogecoin’s Layer 2. The promises made by this project include providing DApp, NFT, and DeFi gaming-related use cases for those who hold $DOGE.
Nonetheless, Dogechain may not be termed as Dogecoin’s Layer-2 solution. First of all, the respective project is not even based on the network of the meme coin. Rather, it is built on Polygon Edge (a Polygon-based solution for custom blockchains). Hence rapidly, the Dogecoin Foundation stepped back from the project as soon as it started getting a lot of attention from the Doge community.
The team of Dogecoin mentioned that the assertions saying that Dogechain is a test network launched by Dogecoin are wrong. They denied having any association with the respective project, as noted in a tweet shared by a participant of the Doge Foundation named Jens Wiechers. Dogechain is considered to be a blockchain based on a Proof-of-Stake consensus that operates on the network of Polygon.
$DC token Allows Users for Airdrops and Operating Passive Income Flow
Polygon is considered to be the biggest sidechain started by Ethereum and it is well-matched with the Ethereum Virtual Machine. In this way, Dogechain can potentially support the games as well as applications that are developed for Ethereum. The consumers of DC are airdropped with $DC tokens along with the ability to construct a stream of passive income.
