Dogetti NFTs to chase down Solana and PancakeSwap as the project nears launch
The NFT run resumed in late 2022, with several projects launching their respective NFT events to weather the bearish storms. Now the launches of the NFT collection are even more widespread, and the new memecoin project Dogetti (DETI) looks set to join the competition by challenging Solana (SOL) and PancakeSwap (CAKE) for the most popular post-launch NFT marketplaces . Currently, the token is in the presale phase and here are some reasons why you should be on the presale train.
Solana – top choice for NFT trading
Solana (SOL) has established itself as a top token in the NFT sector with its extensive marketplaces and their progress over the past year. Launched in 2018, the token introduced a new protocol system to the DeFi space, providing increased scalability and flexibility to meet user demands.
Solana (SOL) runs on a hybrid protocol consisting of a proof of stake and a history protocol. The combination contributes to the characteristically cheap gas fees Solana charges per transaction and attracts users to the network. The hybrid protocol also affects network speed, ensuring that each transaction block takes seconds to complete.
Solana (SOL) exists on an independent blockchain and, like Ethereum, hosts various blockchain elements including tokens, NFT projects and DApps. NFTs have become the trending commodity in the cryptocurrency market, as most platforms now support or host marketplaces to enable users to create art from their digital assets.
Solana’s progress in the NFT trading sector has been rapid, since it first started supporting NFTs in 2021. The marketplaces have generated market capitalization that is now approaching Ethereum’s epic numbers. As of May 2022, Solana ranked second only to Ethereum in the NFT industry, raising $125 million in less than nine months.
The SOL tokens power the Solana ecosystem, powering the economy and giving users voting rights. SOL is now selling for $23.85 on CoinMarketCap.
PancakeSwap–BSC Exchange Platform
PancakeSwap (CAKE) is an exchange platform based on the Binance Smart Chain that facilitates coin exchange services between users on BSC. The token also supports a wide range of blockchain activities and operates a proof of stake protocol to minimize energy use on the platform.
PancakeSwap’s staking protocol enables users to contribute their assets to strengthen the platform’s security while receiving tokens as rewards. The deposited assets also contribute to the liquidity pools and improve the exchange services.
PancakeSwap (CAKE) uses Automated Market Makers to determine coin swap rates. The AMMs are programs that monitor market forces to calculate the exchange rates of token pairs on PancakeSwap.
Since PancakeSwap is based on the Binance Smart Chain, users enjoy faster network performance compared to the Ethereum network. BSC also charges low transaction fees, which further attracts users to token platforms on BSC.
PancakeSwap (CAKE) supports NFT creation and trading, allowing users to generate custom tokens on the marketplace. There are also competitions between traders for the most active users, with the winners receiving NFT rewards in their trading profiles.
CAKE is the official token of the PancakeSwap platform and it costs around $4.10.
Dogetti – Join the pre-sale train today!
Dogetti (DETI) is the new kid on the cryptocurrency market looking to break into NFT trading after launch. The developers have assembled a number of features that focus on promoting the welfare of users and improving the token’s status within the crypto space.
Top of the list among such features is the much-loved NFT trading, which the developers assure us will start soon after the token launch. The expected marketplace will feature pet-themed NFTs that can grow and breed, thus increasing users’ resources after a few years. The NFT Marketplace will allow users to create their NFTs from their favorite multimedia content. NFTs also allow for Metaverse expansions, as the virtual world will provide more uses for NFTs.
Another important blockchain element the Dogetti (DETI) platform will offer is the exchange app, DogettiSwap. DogettiSwap will act like UNISWAP and PancakeSwap, enabling token exchange between users on the Ethereum network. The exchange will have a large liquidity pool, thereby reducing the transaction costs of currency exchange agreements.
Finally, Dogetti (DETI) plans to leverage its DAO structure to increase its popularity in the DeFi space. The developers have designed the community to have the final say on protocol changes, especially when it comes to adding extra features. This move will ensure that only user-friendly features make it to the protocol, which will increase user participation in the project.
Get your DETI coins today before prices rise. Click here to go to the pre-sale page.