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Key takeaways
- Bitcoin Dogs offers traders more investment opportunities thanks to its new Liquidity Pool.
- $0DOG has increased by 131% in the last 24 hours as more investors access the token via MEXC and Gate.io.
Bitcoin Dogs unveils its Liquidity Pool
Bitcoin Dogs successfully launched its token on crypto exchanges following its presale. With $0DOG now live, the team is offering investors more investment opportunities thanks to the newly launched Liquidity Pool.
The pool allows traders to make huge gains with a fantastic APY Rate. Bitcoin Dogs has a minimum Liquidity Pool size of 50,000 $0DOG tokens and offers a 405.56% APY. Furthermore, APY is paid daily, making it a very attractive venture to investors.
The pool will aid trading and help support the 0DOG Token price, which is good for all community holders and the project’s long-term vision. Users will require 0DOG and WETH to join the Liquidity Pool.
Bitcoin Dogs is also launching a new Telegram game to attract more users. This new multiplayer PVP will launch this quarter and, with the right level of adoption, could push $0DOG’s price higher.
To take advantage of Bitcoin Dogs’ Liquidity Pool, investors must add WETH and (Bridged) ERC-20 0DOG tokens to the pool on Uniswap. After adding the tokens, users will receive LP tokens directly in the wallets they used for the transfer.
Furthermore, investors can also stake their LP tokens to earn more rewards. The APY is dynamically calculated and decreases as more people join the staking pool. To maximise returns, it’s advisable to participate early.
Read more about how to stake $0DOG here.
What is Bitcoin Dogs?
With the abovementioned opportunities, some investors might still wonder about the Bitcoin Project. Bitcoin Dogs is a new project leveraging the growth of the Bitcoin blockchain to become a leading coin.
It is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. The Bitcoin Dogs project is already incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project.
After raising $13 million during its presale, Bitcoin Dogs is trading on several crypto exchanges, including Gate.io and MEXC. The team is now focusing on rolling out its various products and has already launched its Liquidity Pool.
$0DOG soars above 130% to trade at $0.02501
The broader cryptocurrency market is currently bearish, but Bitcoin Dogs saw one of its biggest price jumps since going live a few days ago. $0DOG is up 131% in the last 24 hours and trades at $0.02501 per coin.
The rally can be attributed to Bitcoin Dogs’ performance during Gate.io’s Startup Voting Campaign, where it came second. Furthermore, Bitcoin Dogs now has an exclusive price predictions page on MEXC, allowing users to predict $0DOG’s price in the medium to long term.
In addition to MEXC and Gate.io, $0DOG is also live on Uniswap, one of the leading decentralised crypto exchanges in the world. The token has also launched on Unisat, DEXTools, and OKX Web3.
The token’s rapid adoption by these platforms could be one of the catalysts behind its recent price jump.
Should you buy the Bitcoin Dogs token now?
Although Bitcoin Dogs is up over 100% in the last 24 hours, the token still has room for growth thanks to the plethora of products the team has in store. The team is working on launching other products after successfully unveiling its Liquidity Pool.
The addition of more products will increase $0DOG’s utility, which could lead to a price jump in the medium to long term. This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges.
This article first appeared at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison
