It was a great week for the Dogechain ecosystem, as our users are continuing to show their trust in our memechain project. We’ve passed the cap of 2 billion tokens locked in our DC locker, representing 15% of the circulating supply of tokens. While this is a great statistic overall, let’s analyze this even further.

Currently, there are around 14 billion $DC tokens in circulation. However, most of this supply (~10 billion) is circulating on the Ethereum mainnet, resulting in only 4 billion $DC that can be effectively staked.

In fact, we can conclude that nearly 50% of the supply on the Dogechain mainnet has already been locked, with a length of over 3 years and 7 months. This is an incredible accomplishment, considering that the staking model has been live for only one month and that the market is still very bearish.

We are already exceeding industry averages, in both lockup percentages and length, which shows the trust our awesome community has in our project.

In our weekly Project Spotlight Twitter Spaces, we had the honor of talking with some newcomers and veterans on the chain. If you want to have a full rundown of what was talked about at this community event, check out the full Spaces recording here:

👉 https://twitter.com/i/spaces/1BRJjZoBwoZJw?s=20

However, if you are short on time, we’ve summarized some of the most important points of the event in this article. Read below to get an overview and some crucial updates on the three showcased projects — Dogira, Wojak finance and Hold Station.

Hold Station

Hold Station is a non-custodial wallet service that integrates the Dogechain mainnet and allows users to manage their assets through their user-friendly UI.

This crypto wallet was built specifically with Web3 in mind, allowing users to easily hold their fungible and non-fungible assets in one place. The team’s goal is to become a platform that changes the way people invest in crypto and blockchain assets — more efficiently and accurately.

To this end, they provide their wallet app, available on both iOS and Android. The Holdstation Wallet is a SocialFi Trading platform working with all EVM-compatible L1/L2 networks, supporting NFTs.

It has many outstanding features including optimizing asset trading on-chain, and DEX connectivity, allowing users to keep control of their assets at all times.

Dogira

Dogira is a multi-faceted GameFi project revolving around the multiple utilities of its $DOGIRA token.

It’s spearheaded by former Dogecoin developer Eoghan Hayes and provides token holders with exposure to a fledgling Blockchain Development Studio & DeFi Platform.

While their $DOGIRA token has been bridged over for quite some time on Dogechain, we’ve had the honor of having Eoghan provide us with some incredible updates regarding further development on-chain.

Dogira has already released their flagship on-chain game Gooeys on Polygon and is planning to deploy this incredibly successful project on Dogechain as well.

For those unfamiliar with the concept, Gooeys is a fully on-chain Play-To-Earn game, built by Dogira Studios. Each Gooey is a verifiably unique NFT — created from the same contract which houses Gooeys’ core game logic, with fair randomness secured by blockchain oracles.

Everything in Gooeys is represented by an on-chain token — from characters to resources. Players are free to send any in-game items or tokens to each other directly through their Web3 wallet or use NFT marketplaces.

The Dogira core dev stated that deployment of Gooeys on Dogechain was on their roadmap, and we couldn’t be more excited to see this great game hit our memechain. While no release dates were shared, we can hope this comes rather sooner than later.

Wojak Finance

Represented by DJ_WOJAK at the event, Wojak is another project that had already attended our Twitter Spaces in the past. This unique project offers a DEX and farming features, although this isn’t the centerpiece of their offering.

They came onto this week’s Spaces to announce that their Unrektus feature is live, and ready to give back to the community. But what is Unrektus, you might wonder.

Unrektus is a protocol that will provide holders governance rights and the ability to participate in bi-weekly lotteries that will “unrekt” them from a misfortunate trade. It uses a taxable token $REKT, where holders can submit their worst Dogechain trades that were executed on a participating partner’s platform.

Here’s a brief overview of how it works:

• Holders will help decide the winning “bad trade” and also have governance through Dogegress.dog.
• All bad trades will be comprehensively reviewed and the top selected users who submit their bad trade will be voted on by the community.
• Every two weeks there will be a draw to decide which trade will be “Unrekt”.
• The winner will receive a portion of the prize pool.

It’s a great way to give back to the community and make users participate in making partnerships with other projects like eGod or HotDoge even stronger.

Finally, DJ_WOJAK will be holding a Telegram Live Party on our official channel, so make sure you get in on the fun. It’s said that the weather forecast predicts heavy rains 👀

Wrapping up

As always, we wrapped the Project Spotlight with our obligatory Shitcoin Showdown. In this section, acclaimed project Monos announced their NFT mint and new bot releases for the Dogechain telegram community.

It was certainly a fun Spaces, and this summary barely does it justice. So make sure to listen to the full recording if you have some time to spare.

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