Dogmoon: A Decentralized Meme Coin on Bitcoin

What is Dogmoon

Friends, imagine we are now living in a digital world, where various digital assets (such as Bitcoin, Ethereum, etc.) are like treasures scattered across different cities. These treasures are valuable, but it's inconvenient for them to circulate between each other—just like each city has its own currency that can't be directly used in other cities. Dogmoon (project abbreviation: DOGMOON) is a blockchain project dedicated to solving this problem.

Simply put, Dogmoon is a decentralized finance (DeFi) ecosystem built on the “Huobi Eco Chain” (HECO Chain). You can think of it as a large “digital asset transfer station” or “digital currency exchange center,” with its main goal being to enable smoother trading and transfer of digital assets across different blockchains.

Its core function is like a “universal converter,” helping you swap between different digital assets and supporting cross-chain operations. This means that even if your digital assets are in different “digital cities,” Dogmoon can help connect them, enabling free circulation.

Project Vision and Value Proposition

Dogmoon’s vision is to achieve true fairness, justice, and transparency in the world of digital assets. The core issue it aims to solve is the current “value island” phenomenon in the blockchain world. What is a “value island”? It refers to the difficulty of digital assets circulating between different blockchain networks, like isolated islands lacking bridges between them.

Dogmoon hopes to build bridges between these “islands” through the latest cross-chain technology and side-chain merger technology, allowing users to seamlessly access and trade various digital assets. In addition, it aims to connect decentralized exchanges (DEX, which you can think of as free digital currency markets without central management) and centralized exchanges (CEX, like the stock exchanges we use, operated and managed by companies), making digital asset circulation more efficient and convenient.

It is committed to building a full-stack DeFi ecosystem, with the goal of creating a digital token with higher liquidity and application value.

Technical Features

The technical core of Dogmoon lies in its DeFi model based on the Huobi Eco Chain (HECO Chain). The Huobi Eco Chain is a decentralized public blockchain, which you can think of as a high-performance, low-cost digital trading platform.

The project utilizes advanced cross-chain technology (like highways between different cities, allowing information and value to be transferred between blockchains) and side-chain merger technology (side chains built alongside the main chain to handle specific transactions, reducing the main chain’s burden and improving efficiency), to enable multi-asset transfer and trading. This technology allows Dogmoon to break down barriers between blockchains, making digital asset flows more flexible.

Additionally, Dogmoon plans to solve digital asset circulation process issues through DeFi data visualization (presenting complex decentralized finance data in intuitive forms such as charts), allowing users to better understand asset flows and status.

Tokenomics

The native token of the Dogmoon project is called DOGMOON.

• Token Symbol/Issuing Chain: DOGMOON, mainly issued on the Huobi Eco Chain (HECO Chain).
• Total Supply: DOGMOON has an extremely large total supply, at ten quadrillion (10,000,000,000,000,000) DOGMOON.
• Token Utility: DOGMOON tokens play an important role in the Dogmoon ecosystem. They can be used for account recording, transfers, and payments. In the future, they will also be used to participate in DeFi and other applications, and play a more important role throughout the ecosystem to ensure balance when digital currency values fluctuate.
• Current and Future Circulation: According to CoinMarketCap data, the project self-reports a circulating supply of 1.1 quadrillion DOGMOON, accounting for about 11% of the total supply.

Team, Governance, and Funds

Currently, there is limited publicly available detailed information regarding Dogmoon’s core members, team characteristics, governance mechanisms, and treasury/fund operations.

Roadmap

Based on available information, the Dogmoon project is committed to building a full-stack DeFi ecosystem and plans to use cross-chain and side-chain merger technologies to achieve seamless trading and transfer of different digital assets. In its early stages, the project conducted airdrop activities, such as on June 5, 2021, when users could obtain DOGMOON tokens by adding the contract address.

Future plans include: connecting decentralized exchanges (DEX) and centralized exchanges (CEX), using DeFi data visualization to solve digital asset circulation issues, and enabling DOGMOON tokens to play a more important role in the future ecosystem to maintain ecological balance.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and Dogmoon is no exception. Here are some common risk reminders:

• Technical and Security Risks: Although the project claims to use advanced cross-chain and side-chain technologies, blockchain technology itself is still evolving and may have unknown technical vulnerabilities or security risks, such as smart contract bugs, network attacks, etc.
• Market and Economic Risks: The cryptocurrency market is highly volatile, and the price of DOGMOON tokens may be affected by market sentiment, macroeconomic factors, project development status, and other factors, with the possibility of large fluctuations. In addition, its huge total supply may also impact the price.
• Information Asymmetry Risk: Currently, there is relatively little official information about the project team, detailed governance structure, and audit reports, which may prevent investors from fully assessing project risks.
• Confusion Risk: There are several similarly named cryptocurrency projects in the market, such as “DogMoon AI” and “DOG•GO•TO•THE•MOON (DOG),” which differ significantly in technical features, total token supply, and blockchain affiliation. Investors must carefully verify the project name, token symbol, and contract address before participating to avoid confusion and misinvestment.
• Compliance and Operational Risks: Regulatory policies for cryptocurrencies around the world remain unclear, and future policy changes may affect the project’s operation and development.

Please note: The above information is for project introduction only and does not constitute any investment advice. Be sure to conduct thorough independent research and risk assessment before making any investment decisions.

Verification Checklist

• Block Explorer Contract Address: The DOGMOON contract address on the Huobi Eco Chain (HECO) is 0x67ba...842781. Another mentioned contract address is 0x5f50D90A991B3495851E3B5579dE942832390C78, which may be an earlier or different contract. It is recommended to consult the latest official information for confirmation.
• GitHub Activity: Currently, public information does not directly mention the GitHub repository activity of the Dogmoon project.
• Official Website: Both CoinMarketCap and CoinCarp mention the Dogmoon website.

Project Summary

Dogmoon (DOGMOON) is a decentralized finance (DeFi) project based on the Huobi Eco Chain (HECO Chain), with its core goal being to build an ecosystem capable of cross-chain trading and multi-asset transfer. It seeks to connect different blockchain “islands” to solve the problem of poor digital asset circulation, and hopes to bring greater fairness and transparency to the digital world.

The project’s token DOGMOON has a massive issuance volume and is designed for payments, transfers, and future DeFi applications within the ecosystem. Despite its ambitious vision, there is currently limited public information regarding the team, governance, and detailed technical implementation.

It is worth noting that there are several similarly named projects in the market, such as “DogMoon AI” and “DOG•GO•TO•THE•MOON (DOG),” each with different features and blockchain affiliations. Investors should carefully distinguish them during research to avoid confusion. As a blockchain project, Dogmoon faces risks in technology, market, and compliance.

In summary, Dogmoon outlines a blueprint for connecting the world of digital assets, but its long-term development and success still require time and community validation. For more details, users should conduct their own research and always keep in mind the risks of cryptocurrency investment.