Though Binance Coin (BNB) and Cronos (CRO) are among the leading crypto exchange tokens, the new cryptocurrency, Dogeliens (DOGET), is set to rival these two market leaders, as it seeks to achieve more popularity with more alternative use cases and rewards.
Read on to learn about Dogeliens (DOGET) and its effects on native tokens of established crypto exchange platforms.
The Binance Coin (BNB) powers the largest exchange platform, Binance. The platform has come a long way since its launch in 2017. The coin was launched to provide crypto traders with relative stability and to resolve the issue faced by most exchange tokens at the time—liquidity.
Other exchange tokens in the market operated on a smaller scale than the crypto space needed. Thus, crypto traders experienced frequent disappointments with limited assets in liquidity pools.
However, Binance Coin (BNB) solved this by bringing lucrative partners into its platform. The generated capital kick-started a large-scale decentralized exchange that currently serves the cryptocurrency market.
Binance Coin (BNB) currently offers its global users up to 600 cryptocurrencies for crypto trading. It also offers users discounts on transactions paid using the BNB native token.
However, Dogeliens’ (DOGET) launch might affect the coin, as users might prefer to convert tokens on the Dogeliens network.
Cronos (CRO) is another top exchange token that might be affected by Dogeliens’ (DOGET) launch. Cronos (CRO) is the native currency used on Crypto.com. Its decentralized platform allows users to trade, process payments, and access financial service solutions. Users can also spend their cryptos using a prepaid Visa card, making it a great option for crypto payments.
Like Binance Coin (BNB), Cronos (CRO) supports token exchanges to fiat and other cryptocurrencies. It supports over 20 fiat currencies, including USD, GBP, and EUR, and over 250 cryptocurrencies.
It also offers cash-back benefits for users who stake their CRO assets on the Crypto.com platform.
However, Cronos (CRO) does not support many crypto assets.
Dogeliens (DOGET) is a cross-chain meme coin projected to become the toast of the cryptocurrency market in the coming weeks. Its decentralized ecosystem is vast; hence, only a few coins are versatile enough to combine features like the new dog-themed crypto. However, it is expected to enjoy more popularity than other established tokens.
Firstly, Dogeliens (DOGET) supports an open-source platform where users can exchange their currencies securely and at considerably reduced fees. Users can also stake and trade their DOGET assets for more rewards.
Dogeliens (DOGET) will distribute 4% of its transaction fees to all active DOGET wallets, while 3% will go toward development and liquidity. Consequently, users would not lack liquidity, while active users would be rewarded.
Secondly, Dogeliens (DOGET) supports an ecosystem worthy of a GameFi project with its NFT-minting tools and metaverse world called Puptopia.
The virtual world encompasses play-to-earn games, NFTs, and an internal marketplace known as the Pupstore. 10,000 NFTs will be on sale in the Pupstore.
Lastly, Dogeliens (DOGET) plans to establish a crypto-learning academy called the University of Barkington. The academy will teach users the benefits of blockchain technology, cryptocurrency, and other DeFi tools.
More importantly, DOGET token holders can participate in the decentralized DAO community to make decisions on the platform. Active members can also enjoy additional benefits like early access to premium NFTs, future products, and other incentives.
Given its diverse offerings and the ever-growing hype for meme coins, NFTs, and the metaverse, Dogeliens (DOGET) is set to attract all users to its ecosystem. Hence, it could attain more popularity in the cryptocurrency market.
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