• Dogechain is a layer-2 scaling solution for Dogecoin that enables DOGE users to use dApps, NFTs and the DeFi ecosystem. 
• Dogechain recently hit the milestone of 2 million transactions and 100,000 unique wallets. 
• Dogecoin prepares for its recovery, DOGE price attempts to break out of its multi-year downtrend. 

Dogecoin price hit a peak of $0.87 before its decline. DOGE is attempting to break out of its multi-year downtrend, to recoup its losses. Dogechain’s launch has fueled a bullish sentiment among holders. 

Also read: What is Dogechain, the secret sauce behind Dogecoin’s 15% price rally?

Dogechain successfully completes wallet security update

Dogechain, DOGE’s layer-2 scaling solution successfully completed its wallet security upgrade. Dogechain is a non-traditional layer-2 scaling solution for DOGE. Unlike traditional scaling solutions, Dogechain is built on Polygon Edge. Dogechain’s popularity is attributed to the fact that the project allows developers to build dApps, interact with the DeFi and NFT ecosystem using their DOGE. 

Through Dogechain developers can build DeFi and NFT applications, and use them on the DOGE network. To start using Dogechain, users need to purchase DOGE at any cryptocurrency exchange or platform. DOGE is available at most leading cryptocurrency exchanges like Binance, KuCoin, Kraken, among others. 

Once a user has acquired DOGE in exchange for their fiat or any other cryptocurrency, the meme coin needs to be bridged to the Dogecoin chain, Dogechain. The bridge is available at 

https://bridge.dogechain.dog/bridge and users are expected to check the URL twice to avoid phishing scams. Dogechain is currently trading across three decentralized exchanges, Bourbon DeFi, DogeShrek and DogeSwap. 

Dogecoin price ready to make a comeback?

Dogecoin is ready to recoup its losses and make a comeback. Analysts at FXStreet have identified $0.072 as the make or break level for Dogecoin price. If buyers fail to defend this level, further decline in DOGE is likely. Once Dogecoin’s price climbs past $0.072, the meme coin is likely to recover from its downtrend. 

DOGE-USDT price chart

DOGE price rally past $0.082 would imply a clean break from the multi-year declining trend line. 

Singapore, Jan. 31, 2022 (GLOBE NEWSWIRE) — (via Blockchain Wire) We all know the power of meme coins, with 2021 being the year for these joke cryptos that minted millionaires overnight. Though Dogecoin, the ‘Godfather’ of all meme coins, was popular amongst crypto enthusiasts in the trenches of subreddits since 2013, it wasn’t until the first quarter of 2021 that Dogecoin mooned. With the lovable Shiba Inu-themed mascot being the face of the movement, countless copycats have popped up since and it doesn’t seem like enthusiasm for these meme coins is slowing down.

Most of the meme tokens typically follow Dogecoin’s price trajectory. Shortly after mooning the price falls down and investor confidence wanes along with the overall price trend. Look at Dogecoin now and you will clearly see a downtrend and there’s no indication that the price will recover to its glory day prices. There’s a reason for this though. These meme coins are literal joke cryptocurrencies. They have no utility and no use case – not to mention their supply is typically uncapped.

All Dogecoin has is plenty of hopium but nothing to back up its perceived value. What if there was a coin like Dogecoin but it has utility? What if it had actual use cases beyond just being a joke cryptocurrency? Guess what – HyperDoge is the new Shiba Inu-themed crypto but with actual utility. Forget the moon, this crypto is headed to Mars!

What Exactly Is HyperDoge Anyway?

HyperDoge is not just any cryptocurrency and it’s not just another Shiba Inu-themed coin. Sure the cute furry dog captures the hearts of those who want to yolo into a fresh new project. It’s understandable that people may want to invest, wait for the pump, and liquidate to cash out on their earnings – this is all too familiar in the meme coin space. However, what sets HyperDoge apart is that their token is capped at 1,000,000,000,000,000 $HYPERD tokens. One quadrillion sounds like a lot but it really isn’t because their key selling point is that their token supply is hyper-deflationary.

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What is so hyper-deflationary about $HYPERD? Well, let’s take a look at Dogecoin to understand the concept of an inflationary token supply model. Their supply increases over time at predefined rates of issuance. This means that as their token supply grows, scarcity decreases which ultimately leads to a devaluation of the cryptocurrency. HyperDoge, on the other hand, has identified this as an issue to holders and saw that this model won’t work for increasing any value. So what did they do? They completely went one-eighty on this model and made it so that after a series of scheduled burns, the supply will eventually go to zero. Crazy right?

The law of supply and demand comes into full effect here. It’s simple really: the more scarce something becomes, the higher its perceived value gets. This deflationary model isn’t new, with the likes of Bitcoin having a fixed supply and a series of halving events where it becomes harder to mine for rewards exponentially every four years. Bitcoin has a 21 million BTC fixed supply so as the mining rewards become more difficult, the creation of new tokens is steadily being created as the decades go by. This is all fine but who has the time to wait for this? Fixed supply is so last year!

HyperDoge Has A Rewards Ecosystem, The Others Don’t

HyperDoge brings hyper deflation to the masses and accelerates the scarcity effect by periodically removing some of the supply through scheduled burns. Their HypeBurn Mechanism is what sets them apart from the rest. Remember the one quadrillion $HYPERD token supply we spoke of earlier? At launch, these tokens will be distributed to various parts of the organization such as the liquidity pool, presale, platform fees, development team, advertising, and burn allocation. These tokens are distributed in varying percentages amongst these allocations for good reason.

Liquidity Pool

The liquidity pool is the market that creates the token’s price floor and houses the funding from investors. Think of this as HyperDoge’s very own trading and investing market. Because tokens will be allocated here at launch, there will already be liquidity in their market which basically means buying, selling, and trading can happen right from the get-go. This is important because, without liquidity in any market, trading isn’t possible.

Burn Allocation

Another important part of the ecosystem is the burn allocation bucket. Here, exactly half of the total supply of $HYPERD tokens will be allocated and locked in place. This means that when the HyperBurn Mechanism kicks into gear, the scheduled token burns will be extracted from this pool. At first, 2 million tokens will be burned but then the magic happens. For every subsequent burn after that, double the tokens of the previous schedule will burn.

For example, on the first burn, there will be 2 million tokens burned. On the second burn 4 million will be burned, then on the third 8 million, and so on. Just to give you a heads up, on the tenth burn, there will be over 1 billion tokens burned! Insane! HyperDoge lists these burn schedules on their website and whitepaper so make sure to check there for the full schedule.

Balance Distribution

The rest of the token allocation will be distributed to the presale, platform fees, development team, and advertising. The presale allocation serves as an incentive for those investors who get in on the project early and show support. Because they show their love at an early stage HyperDoge is returning the love by allowing them to purchase tokens at its lowest prices. At the same time, this incentivizes trading which helps to jump-start the liquidity pool. As with any project, funding and re-investing into the business is key for growth. This is why the balance of the token supply will be allocated for platform fees, the development team, and advertising.

Tokenomics

Meme coins like Dogecoin aren’t set up so that HODLers can earn passive income. The only way to earn is to actively trade: buy low, sell high. With their price trending downwards, it’s more than likely that their HODLers are not turning a profit. Sure, you can scalp trades but who has the time and energy to enter in and out of the markets? HyperDoge profits can be made via the trading route just as any other cryptocurrency but their tokenomics ensures every HODLer, no matter how large or small their bag, will earn passively.

Whether you’re simply holding your $HYPERD tokens or buying in and out of the liquidity pool, you will earn passive income through token reflections. This works due to the reflections earned from every buy and sell transaction. For example, let’s say you have a few tokens in your wallet. When someone makes a buy transaction a tax is collected and a portion of that tax is automatically distributed to you. So you literally don’t have to do anything to be earning these reflections – only HODL!

All transactions have a tax but the tax rates are different with buy transactions and sell transactions. Take a look at the website or whitepaper to learn more about the exact percentages. As an added benefit, portions of the tax are also auto-distributed to the liquidity providers, marketing, buyback, and additional burns. Forget trying to trade for a small profit. Of course, you can still do that if you wish, but HyperDoge’s reflection-based tokenomics makes it a no-brainer as a passive income-generating strategy.

HyperDoge Is Headed To Mars!

Dogecoin went to the moon with no real utility behind their coin. HyperDoge maximizes earning potential without ever requiring you to make any trades. Their hyper-deflationary model ensures that the scarcity of the tokens will exponentially increase over time, which translates to a proportional increase in value per $HYPERD token. Because their token distribution creates a localized market through their liquidity pool, their transactions feed reflections to HODLers with passive income. Take a look at all of the Shiba Inu-themed meme coins out there. They’re meme coins for a reason. No reflections, no utility, and no ecosystem means they will always remain what they truly are – just another meme coin.

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CONTACT: Contact: press@newscall.co

TAMPA BAY, FL / ACCESSWIRE / November 9, 2021 / Long gone are the days of Bitcoin-made billionaires. While early investors in the cryptocurrency saw lavish ROIs, mainstream currencies including BTC and ETH have become so established that it’s no longer possible to multiply your initial investment to 50, 100 or 1000x returns. As such, savvy investors are opting to invest in altcoins – newer crypto projects where buyers once again have the chance to be early and see exponential returns on their funds.

Some of these altcoins, such as SafeMoon and Shiba Inu, have shown promise this year as early investors were once again able to multiply their initial buy-ins to tremendous returns. But with over 2 million SafeMoon holders and 836,000 for SHIB, it’s now far too late to be early to either of these projects, and their lack of solid fundamentals are starting to make long-term holders regret their initial purchase.

This is where Nobility comes in to blow earlier altcoins out of the water. At just over 9,000 current holders, any investment into the project is still incredibly early – and unlike other altcoins, Nobility has the potential for practical application that will allow it to expand long after its initial boom.

Where SafeMoon and SHIB act simply as stores of value, increasing their price only as new investors buy in while providing little real world utility, Nobility is on the path to revolutionizing the world of esports, operating as a gaming conglomerate in addition to providing returns to investors.

Working with FaZe Clan co-owner and NACL CEO David Chen, Nobility is organizing monthly esports tournaments where winners will be afforded large sums of its token. These tokens are going to have several use cases within Nobility’s platform, starting with an NFT-based skins marketplace that will function within current gaming systems and be transferable to the imminent metaverse. This marketplace will have support for Binance Smart Chain, Ethereum, and Polygon while using Nobility Token as its primary currency.

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Nobility is also introducing a secure esports betting platform, using their blockchain to ensure fair results and fast payouts. Gambling on this platform will take several forms – from betting on these aforementioned tournaments, to PvP betting similar to GameBattles where players can win Nobility Token in matches against each other. The company will also be rolling out its own in-house designed play-to-earn video games, further adding utility and volume to their token.

All of this is happening in conjunction with Nobility’s plans to introduce its own streaming platform rivaling that of Twitch, broadcasting their own tournaments and giving players the option to host their own streams. Just as Twitch streamers receive donations, Nobility’s streaming platform will allow esports professionals to receive Nobility Tokens from their fans, adding more weight to this already cohesive esports ecosystem.

Holding Nobility is an experience more akin to holding stock in a fortune 500 company than investing in an altcoin. Where many altcoins such as SafeMoon and Cardano offer marginal dividends to their holders in the form of more of their own token, Nobility holders receive BUSD, a federally-regulated stablecoin fully backed by the U.S. dollar.

Many altcoins have problems with wallet-monopolization, with just a few holders controlling the bulk of the total tokens in circulation. This creates an unhealthy marketplace in which the coin’s value can be decimated on the whim of just a handful of investors. By contrast, Nobility’s top wallets hold a relatively small percentage of the total tokens in circulation – an intentional practice by the founders that will be maintained as the company grows in value to assure stability for all investors.

It’s practices like these, in addition to Nobility’s practical applications, that set it apart from the pack. The brainchild of the NOBLE owner Kyle McDougal and Wifi Money founders Chris Frederick and Alex Moeller, and boosted by early investor and hands-on advisor David Chen, the crypto startup is on a fast-track to change the world of esports as we know it – and make its early holders lavishly rich in the process.

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Media Details:

Company: Nobility Esports LLC
Email: admin@nobilitytoken.com
Website: https://nobilitytoken.com

SOURCE: Nobility Esports LLC

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