Dogeliens Is Looking To Help Investors Make Money As ChainLink Touts Proof-of-Reserve System

The cryptocurrency market over the past few weeks has been nuts, and trust a lot of crypto investors are looking to make money; however, they are much more aggressive now. 2022 is a bad year for crypto as almost all crypto assets have dropped over 80% from their all-time high. From the Twitter acquisition news that sent Dogecoin(DOGE) price upwards to recent developments about FTX that have sent the market price further down, the news has sparked market reactions.

Dogeliens (DOGET) is a new memecoin that benefitted from Dogecoin’s pump over the last several days. It has caught the attention of the memecoin landscape as a new token currently underpriced and selling below market price on presale.

In other news, Chainlink is promoting the use of the Proof-of-Reserve mechanism to bring about transparency that the cryptocurrency landscape so urgently needs right now. This year’s crypto epidemic has persisted, and FTX’s insolvency has worsened problems. The clamor for transparency has become more prominent, particularly for centralized crypto exchanges. Binance, the largest crypto exchange, has already declared its crypto assets to encourage other platforms to publish proofs as well. Although Binance’s declaration was made via a tweet, the company promises to publish a merkle proof soon.

Chainlink, a supplier of data oracles, has been marketing its proof-of-reserve solutions, which might address the industry’s present transparency problems. The Chainlink team questioned if the cryptocurrency sector will continue to make the same mistakes as the established black-box finance sector in a tweet on November 11.

Chainlink(LINK) Looks To The Future Of Decentralization

Chainlink(LINK) is a decentralized blockchain network that serves as an oracle network. It connects blockchains to external systems, thereby enabling the use of external data on smart contracts. Its proof-of-reserve tools were initially released in 2020, but with this week’s FTX crash, they have come to light again.

Another name for Proof-of-Reserve is cash-in-hand, reserve, or treasury backing up tokens or assets. Organizations can use them to confirm that adequate reserves have been independently audited. Customers will have higher faith in the resource or business as a result. According to the website, Chainlink PoR obtains and verifies reserve data using the “biggest decentralized collection of security-reviewed and sybil-resistant node operators in the market.”

The PoR contracts may perform various tasks, including planning routine automatic audits. Auditing the reserves of tokens used as collateral can also shield DeFi apps from bankruptcy.

Dogeliens(DOGET) Reaches For The Moon, Lands Amongst The Stars

Dogeliens is a new iteration of dog memes, and it looks to replicate Dogecoin’s success while enabling several utilities Dogecoin could not bring to the market. Although Dogecoin was the first and still the largest memecoin in the cryptocurrency market, while the market evolved, DOGE could not join the DeFi movement as it is a first-generation blockchain. Dogeliens is created on the Binance Smart Chain, and as a DeFi memecoin looking to create wealth for its community, it is launching on the most optimum network for growth.

Dogeliens is looking to create utilities across DeFi, NFTs, and gaming to help create more fun while building value. The BNB Chain is the perfect network for Dogeliens since it allows users to initiate transactions at a low cost. Nobody wants to pay costly fees to have fun on the blockchain.

Dogeliens is a community-governed project, and the DAO model allows holders to be more involved with governance. Users can vote for consensus and send their suggestions as proposals, making them significant contributors to the network.

Dogeliens presale has been moving at record speed since the DOGE blow-up, and with the market translating the new memecoin as the next big thing, you want to take advantage of this.

Dogeliens (DOGET)

Presale: https://buy.dogeliens.io/

Website: https://dogeliens.io/

Telegram: https://t.me/DogeliensOfficial

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