How to Buy Dogecoin20 – 2024 Buying Guide

Meme coins have seen monumental growth during the current bull market, with crypto projects such as DogWifHat, Smog, and Shiba Inu all enjoying major price runs.

Dogecoin20 (DOGE20) is a new meme coin entering the roster amongst its dog-themed competitors, and has managed to raise over $5 million within a week of launch.

This guide aims to provide illustrated steps on how to buy Dogecoin20, with some key facts about the project’s features and tokenomics to provide a little more background for curious investors.

How to buy Dogecoin20 (DOGE20) – Step-by-step guide

Outlined below is a simple step-by-step guide on how to buy Dogecoin20 tokens. You will need to create and fund an ERC20-compatible crypto wallet to participate in the Dogecoin20 presale.

Due to the project being a meme coin, volatility is likely to occur. With this in mind, it’s always good practice to do your research and assess your risk appetite before investing.

Step 1: Create a new crypto wallet

Firstly, to buy $DOGE20 you must create a compatible crypto wallet. Our research team suggests using MetaMask, one of the most widely used crypto wallets in the industry. Alternatively, you can try Best Wallet, a new multi-chain non-custodial cryptocurrency wallet.

Visit the official MetaMask website to create a new cryptocurrency wallet. You can then select version of MetaMask depending on whether you are using a browser or a mobile phone.

In this example, we are using an iOS mobile device.

After landing on the Metamask website, select “download on the App Store”. For security reasons, it’s always good practice to download web3 dApps via a platform’s official links.

Once the download is complete, open MetaMask and select “create a new Wallet”.

Step 2: Set your wallet password and write down the seed phrase

Next you must set a password for your unique MetaMask account. This password is used to unlock the wallet. It’s recommended to use a mixture of letters and symbols to ensure a strong password.

After setting the password, you’ll be requested to secure your wallet’s seed phrase. It’s highly recommended to do this immediately to avoid losing access to your wallet and funds.

As suggested by MetaMask, your seed phrase should be written down on a piece of paper and stored in a safe place. Never share your seed phrase with anybody as it is the master unlock to your wallet.

Enter your password when requested and you can then reveal the 12-word seed phrase.

You will then need to put the 12 words in the correct order to finalize the process and confirm securing your wallet.

Step 3: Add funds to your new crypto wallet

Now you will need to add funds to your new wallet to participate in the Dogecoin20 presale. You will need either Ethereum (ETH), Tether (USDT) or Binance Coin (BNB).

Our research team recommends purchasing Ethereum from reputable exchanges such as Coinbase or Kraken.

You can also participate in the Dogecoin20 presale via card payment. which will require you to complete a KYC questionnaire. However, all methods will require a crypto wallet to receive tokens at the launch.

When purchasing Ethereum, you need to provide a receiving cryptocurrency wallet address. Copy the wallet address to the clipboard and paste it as the receiving destination. The wallet address starts with 0x followed by 40 alphanumeric characters.

Once the Ethereum appears in your wallet, you can start the swap process.

Step 4: Visit the Dogecoin20 official presale site and select “buy now”

Once you’ve received the ETH in MetaMask, the next stage is to visit the official Dogecoin20 presale.

Select “Buy Now”, and the “Wallet Connect” option will pop up. Click it, Select MetaMask, and you will be prompted to open the app. Unlock the wallet with your password and select “Connect” when requested to connect to the site.

Step 5: Initiate Token Swap for $DOGE20

Once the wallet is connected, you can enter the amount of ETH you wish to swap for $DOGE20 at the exchange widget.

You will need to have 0.015 $ETH to cover the network and transaction fees. It is recommended to always leave a few transactions worth of gas fees in your wallet to cover token claiming and future swaps.

Now you can initiate the swap. Click “Buy Now” and a transaction confirmation request will pop up on MetaMask with a breakdown of the swap and fees. Confirm it to initiate the swap transaction.

You can also opt for the “Buy and Stake” option to stake your tokens immediately to earn more $DOGE20 while awaiting the token launch.

Currently, staking offers 167% rewards, but staking tokens into the smart contract will require significantly more ETH to process the transaction.

Key facts and figures for Dogecoin20

• Token Supply: $DOGE20 has a total token supply of 140 billion tokens
• Positive sentiment: Since its presale launch Dogecoin20 has managed to raise $5 million, displaying positive community interest in the project.
• Mint revoked: The smart contract audit shows that the mint function is revoked, meaning that the developers cannot mint more tokens to inflate the supply.
• No honeypot: The smart contracts can never be paused or blacklist wallet addresses from buying or selling tokens in the open trading markets.
• DEX liquidity: There is a 10% reserve allocation for ample liquidity provision on Uniswap.
• Hype from $DOGE: Dogecoin20 is promoted as a more efficient version $DOGE, giving eco-efficient staking rewards. The hype surrounding Elon Musk and Dogecoin could potentially reflect positively on the $DOGE20 sentiment.

Dogecoin20 roadmap

Stage 1	Presale and marketing: The Dogecoin20 presale kicks off and the team allocates a portion of funds to marketing.
Stage 2	Early staking: Presale contributors can stake $DOGE20 into the smart contracts before the launch and earn higher APY% rewards.
Stage 3	Presale token claim: The smart contracts are programmed to distribute staked $DOGE20 rewards to early participants over two years. This ensures sustainable passive rewards and a fair token launch preventing liquidity draining.
Stage 4	Uniswap DEX launch: Dogecoin20 will list on Uniswap, one of the most popular decentralized exchanges for ERC20 network tokens.
Stage 5	Liquidity provision: The team has allocated 10% of the total supply to add substantial liquidity to the DOGE20 trading market on Uniswap.
Stage 6	Long-term passive rewards: Staking rewards will periodically be distributed over a two-year vesting period.

Benefits of participating in the Dogecoin20 presale

• Early price entry: By participating in crypto presales, you have the opportunity to obtain tokens at an early contributor discount price. This provides a higher possibility for returns as tokens frequently trade at a higher price when listing on the open markets
• Dogecoin spotlight: Recently Elon Musk expressed his support for the infamous Dogecoin meme coin. $DOGE20 sentiment could potentially piggyback on the Dogecoin hype.
• High staking APY%: By participating in the presale, you have the option to stake $DOGE20 immediately, earning significantly higher APY% rewards than post-launch.

Risks of participating in the Dogecoin20 presale

• Meme coin volatility: Meme coins are much more volatile than traditional cryptos or top market cap coins. It is recommended to do your research and assess your risk appetite before investing.
• Two-year vesting: Staking rewards are vested for two years. There is no guarantee that Dogecoin20 will be a popular meme coin in two years.
• Project Sustainability: We cannot assess whether the Dogecoin20 project will be sustainable or have future developments in the long run.

FAQs

References

• https://metamask.io/
• https://coinmarketcap.com/view/memes/
• https://www.valuewalk.com/visit/dogecoin20crypto