New memecoin Dogeverse has completed a presale that raised more than $15 million. Following the presale, Dogeverse is eyeing a launch on decentralized and centralized exchanges a little later. The Dogeverse team has now concluded one of the best crypto presales events in 2024.
With the crypto market now more receptive to meme coins, Dogeverse may be set for an increased spike when it fully launches, joining Dogecoin (DOGE), Shiba Inu (SHIB), and several other popular options.
Dogeverse Deployment Strategy
The Dogeverse team intends to implement a deployment strategy that starts with the Ethereum blockchain. The team chose Ethereum as the initial blockchain for launch because of its high security and widespread adoption. After a successful Ethereum launch, Dogeverse will be onboarded to five other blockchains. The team intends to use Portal Bridge and Wormhole to launch the new memecoin on Solana, Polygon, Avalanche, BNB Chain, and Base. In addition to the ease of a gradual launch, the Dogeverse team also hopes that the successive launches will appeal to a broader range of buyers who prefer one blockchain to another. This is also expected to enhance trading experience, helping holders access Dogeverse while enjoying varying speeds and costs.
Another perk offered to holders is staking. Members of the community can use a staking app to stake Dogeverse and earn passive rewards. According to a report, Dogeverse stakers can enjoy an impressive 69% annually. Also, to allay any worries about project integrity, blockchain security specialist Coinsult has completed a contract audit of the new memecoin.
The official roadmap reveals that Dogeverse is in the Development phase, which features the concluded presale and contract audit, as well as efforts at community building. The team then plans an Awareness phase, including marketing campaigns and applications on crypto data aggregators CoinMarketCap and CoinGecko. Following these applications is the expansion phase with listings on decentralized exchanges (DEXs). Although there is no specific timeline for these phases, the roadmap also includes listings on centralized exchanges (CEXs).
Meme Coins in the Crypto Market
Both new and established memecoins are enjoying considerable attention in the crypto industry. For instance, The Book of Meme (BOME), a meme coin on the Solana blockchain, returned more than 82% in eight days after launching on March 10. Interestingly, Solana’s native SOL token jumped 45% in the same period.
Although meme coins are not created with any utility intended, they sometimes become very successful and may find utility later. For instance, popular electric vehicle (EV) maker Tesla officially accepts DOGE payments for a few eligible products. In addition to online merchants, these assets may also see adoption among service providers like crypto gambling establishments that allow users to place bets and withdraw earnings using digital assets.
Unfortunately, not all meme coins have had great stories. A new Solana meme coin, Slerf, also recently concluded an impressive presale. The event was successful, with the sloth-themed meme coin raising over 50,000 SOL (about $10 million). The team intended to use the funds to provide liquidity for the asset, and send presale participants SLERF tokens after the official launch. However, the developer in charge of the project made a very costly mistake.
In a thread posted on X, the project’s account announced a “simple mindless misclick” that resulted in the loss of all 50,000 SOL. In another post, the developer explained that the tokens had been burnt. Unfortunately, the post also noted that minting new tokens is impossible because “mint authority is already revoked.”
