The world of Cryptocurrency is brutal for developers. Competition has increased, making it difficult for newcomers to get noticed in the market.
DogeBonk has taken up the resolution to work for community-driven projects that are smaller in size. Out of the thousands of pre-existing coins, many new coins spend their early stages just to get recognized by potential investors.
They will soon be relieved with the assistance that they are about to get from DogeBonk.
The Announcement
MemeTools was officially announced by the development team of DogeBonk. It is said to function on the similar lines of CoinMarketCap and CoinGecko.
It can be defined as a platform that will make it easier for newly launched coins to get listed and found in the market. The development team has clearly highlighted that it aims to focus only on the smaller projects that are community-driven.
Competition has been keeping new coins far from the reach of those who may be interested in buying them. It also restricts the options of investors as only the common ones, or most traded ones appear on the list.
The early stage is crucial for a coin. That is the time when they can get others to join their community and grow in the market. Rebuilding or modifying necessities also comes to play at this stage.
All of it gets lost while battling to get the much-desired exposure in the market.
MemeTools is being launched loaded with all the major features. A developer to get his or her project listed will not feel like being ranked below anyone else in the market.
Some of the features that have been made public include offering real-time data related to price and volume. It will also offer liquidity information about the Meme Coin.
Developers of their respective projects must fulfill only one basic condition. The condition requires them to burn $DOBO through their projects. $DOBO is a token that belongs to the deflationary community of DogeBonk.
The community of DogeBonk currently comprises designers, marketers, and content creators. All of them are known to operate in anonymity.
MemeTools is being looked at as a Marketing/PR agency for upcoming coin developers. Its intention to support the developers to distinguish themselves from the competition further strengthens this perspective.
In a surprising turn of events, DogeBonk has beaten Elon Musk’s plan of taking it to space. While the team continues to expand the community, it has already launched the Meme Coin into the stratosphere.
Final Thoughts
DogeBonk also operates a channel on Telegram, wherein it offers a free space to the developers to promote their coins. Members are also asked to share their favorites from those that are available on the list.
The platform has recently announced a MemeTools Contest. The first group to be listed on the platform must submit its favorite memes to receive the maximum votes from the Meme Coin audience based on their submission.