Dogecoin has grown from its humble beginnings as the very first 'meme' coin to become one of the largest cryptocurrencies in the world. In May 2021 it reached an all time high of $0.73 and a market cap of over $39 billion. Today it sits as the 10th biggest cryptocurrency in the world.
Dogechain is an Ethereum Virtual Machine compatible blockchain. The means that anyone who has developed a project on an Ethereum based chain can bring their project over to Dogechain. Dogechain aims to complement the original Dogecoin cryptocurrency. As a proof-of-stake blockchain, Dogechain seeks to bring scalability, security, robustness, and utility to Dogecoin. In short, Dogechain doesn’t compete with Dogecoin. Instead, it aims to harmonize with the original meme crypto and enhance it with smart contract capability.
Dogechain project is a community-first blockchain that aims to empower Dogecoin holders and enthusiasts. Dogechain will ultimately provide Dogecoin users with access to blockchain games, NFTs, and the ever-growing DeFi ecosystem, one in which they can showcase their favorite meme coin for a wide range of applications.
The main goal of Dogechain is to increase the use cases of Dogecoin by providing it with much-needed utility. Dogecoin users can achieve this goal by merely wrapping their $DOGE into Dogechain smart contracts and receiving $wDOGE PoS tokens in return. $wDOGE tokens live on the Dogechain blockchain and will allow users to access an ecosystem of DeFi products, NFTs and GameFi, all indirectly powered by their original $DOGE tokens
Olympus Doge believes in the goals of Dogechain and will support it through building our reserve currency that will deepen the liquidity of $wDOGE on Dogechain and bring a whole host of financial services and products to Dogechain users to give even more utility to $DOGE holders.