E Point Perfect

Wrapped Dogecoin (WDOGE) Starts Trading on MEXC Global

article image

Alex Dovbnya

wDoge, one of native cryptocurrencies of Dogechain, has been listed by MEXC Global exchange

Wrapped Dogecoin (wDOGE), a synthetic version of the most popular meme coin, has been listed on the MEXC Global exchange, according to a Thursday announcement.

Its users can trade the token against Tether (USDT) stablecoin and Dogecoin (DOGE).

In order to receive wDoge tokens, DOGE holders have to bridge their holdings over to Dogechain, a recently emerged Layer 2 solution that is powered by the Polygon network.

wDoge, which has a maximum supply of 129.1 billion tokens, can be used in various decentralized finance applications and non-fungible token marketplaces. Since Dogechain is Ethereum Virtual Machine-compatible, developers are capable of building new apps on Ethereum without having to learn new coding languages.


Dogechain, which aims to bring DeFi to the users of the meme cryptocurrency, has been rejected by the community. Billy Markus, one of the co-founders of Dogecoin, allegedly refused to promote the token in exchange for $14 million.

Dogecoin Foundation has distanced itself from the Dogechain project, which is run by a mainly anonymous team.

Well-known cryptocurrency sleuth ZachXBT suggested that the project could be a pump-and-dump scheme due to the questionable distribution process of the native DC token.

Despite scam accusations, the Dogechain ecosystem keeps gaining more traction. Last week, MEXC Global and KuCoin added support for the DC token.

Source link

Related posts

DOGE and SHIB Price Analysis for September 13

Dawn Zuniga

Ethereum Devs Confirm Previously Announced Merge Date

Dawn Zuniga

Ethereum (ETH) Number of Non-Zero Wallets Prints All-Time High: Glassnode

Dawn Zuniga

Axie Infinity Announces Ronin Wallet Update, Starts Compensating Losses from Hack

Dawn Zuniga

Ancient Crypto Whales Return to Accumulating Cryptocurrencies, Here’s Why

Dawn Zuniga

Crypto Market Review, September 15

Dawn Zuniga