A multichain meme coin called Dogeverse has successfully raised $6 million in its presale and has recently passed a smart contract audit by Coinsult, a blockchain security firm.
The Dogeverse token utilizes bridge technology to ensure its availability across various smart contract-enabled blockchains. It will begin its journey on Ethereum, BSC, and Polygon, and will soon expand to Solana, Base, and Avalanche. This multichain approach enhances Dogeverse's versatility and sustainability, especially when users transition between different supported chains.
By offering the token across different blockchains, Dogeverse aims to unite various blockchain communities under one meme coin banner.
The meme coin market has been rapidly growing in the crypto industry, reaching a total valuation of over $45 billion. Dogeverse's presale incorporates a staking mechanism that rewards users with tokens. However, as the staking pool grows, the yield will decrease.
Despite uncovering one low-risk bug, Coinsult's smart contract audit confirmed that Dogeverse does not pose any high or medium-risk smart contract issues. The project has gained traction on social media platforms, with the Dogeverse X account surpassing 4K followers and the Dogeverse Telegram account exceeding 2K followers.
Industry experts and analysts like ClayBro have praised Dogeverse for its "multichain utility." Crypto Gains has also expressed support for the project and announced the upcoming exchange launch.
Dogeverse is currently in its presale phase with a hard cap of $17 million. The project aims to introduce a staking mechanism to incentivize users to lock up tokens for passive rewards.
For more information about Dogeverse, visit their presale page at thedogeverse.com.
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