Dogezilla Token: Can it ever facilitate 100% security in the crypto industry?

Another currency that has newly emerged in the meme section of the crypto industry is the Dogezilla token. But the Dogezilla token is just not another meme currency. Its creators had the vision to bring out a project that would help fix the problems of scams and rugs in the crypto industry. 

What is Dogezilla Token?

Dogezilla is a project driven by its community, which was created to address the problem of increasing frauds and rug pulls in the cryptocurrency sphere. It is a meme token as well as a utility founded to disrupt the space via the Dogezilla vault. The Dogezilla community initially emerged as a meme currency but later ended up as a disruptive utility use case. 

The project aims to make the crypto space safer and more secure for the global crypto community. The vision of the founder is a future where all the legitimate crypto projects are authenticated via the Dogzilla vault. Although nobody can assure an entirely secure system, the purpose of the vault is to facilitate safety to a great extent. 

Not only this, but the project also plans to explore the popular sectors of the crypto industry, like NFTs, play to earn gaming, Decentralised Finance (DeFi), Blockchain innovations, etc. 

How did the Dogezilla Project start?

Dogezilla’s founder is a pseudonymous identity with the name 9ZEROES, who decided to develop and introduce a project and token that will serve a legitimate purpose for the community. He has a marketing and development background and experience since the year 2012 and also numerous fraud experiences as well. Dogezilla’s co-founder is another pseudonymous identity with the name PHDPOSPER. They officially launched the project in October 2021. 

What is the Dogezilla vault?

Rug Pulls happen when developers simply abandon the project to steal funds after altering the token’s worth. And as the crypto industry is growing immensely with new tokens and coins being introduced almost every day, several frauds have been arising with increasing Initial Coin Offerings (ICOs). 

The vault is designed to verify the project’s developers through a secured network protocol on the mobile app or on the web. Vault is a security platform that goes through the developers’ history, projects, social network accounts, wallets, previous projects, and contracts, etc. The project further claims that a vault verified badge project would facilitate more safeguarding from potential frauds. The verification is mainly done in two phases:

• The first stage consists of verifying the developer’s history. A complete verification of the developer’s documents is done while keeping his identity anonymous. 
• After the developers clear the first stage, the next stage is project verification. And there are many criteria as to how the community’s safety is ensured. The project verification algorithm is kept confidential to avoid exploitation. 

And after clearing the verification, the developers would acquire a badge with Dogezilla verified ID as well as their extension on the subdomain to prove to the community that they have passed the Dogezilla’s vault verification and are not a threat to the community. 

The Beta version of the Dogezilla vault is out now and is available on their official website for the developers to submit projects for verification. 

DOGEZILLA token

DOGEZILLA is the token of the platform. The token has a leviathan supply with a minimal price per token. The idea is to make the DOGEZILLA token available for billions of users. The contract of the token has passed the audit process of Certik. 

Goals of the Dogezilla project

The long terms goals of the Dogezilla project are to:

• Increase the safety in the crypto industry: Vault’s primary purpose is to increase the level of security and safeguarding and reduce frauds.

• Vault’s adoption: the goal is to increase the adoption of the Vault program in the community, requiring a safe project and developers looking for the community’s trust and focus. 

• Because it is a community-driven project, they aim to evolve and expand beyond security. 

Apart from the Dogezilla Vault, the project aims to launch Zillaverse and ZillaSwap. With Zillaverse being an NFT marketplace on the Binance Smart Chain. The project plans to serve the ever-increasing NFT enthusiasts with the Zillaverse platform. The transactions on the marketplace will be taxed and distributed among the Dogezilla token holders. 

Also Read: Ethereum Ready to Set New high of $10,000 in Long Run

The quarterly goals of the Dogezilla project are

• A vault app for iOS and Android and Web platform for the first quarter of this year.
• The second quarter will be set for the launch of the Zillaverse, NFT marketplace, and a release of the NFTs series.
• The planning for the third quarter is to bring ZillaSwap on the Binance Smart Chain (BSC).
• Quarter four might witness further refinements and upgrades to the Dogezilla vault. 

Dogezilla Token Price

At the time of writing, the Dogezilla token is trading at a price of $0.000000000000000256. The token witnessed its All-Time High last year in October when it reached $0.000000000013.

To buy Dogezilla Token, you can consider crypto exchanges like eToro, Binance, Coinbase, etc. 

• The first step to buy Dogezilla tokens is to register an account with a crypto exchange and go through the verification process.
• Since you cannot directly buy the Dogezilla token, you first need to purchase a crypto asset like Bitcoin, BNB, etc. 
• Create a wallet account, for example, a MetaMask account.
• Connect your wallet to the crypto exchange you have selected, for instance, Binance.
• Now deposit the Former crypto asset into the wallet. And you’re ready to exchange your crypto asset for the Dogezilla token.

The reliability of the cryptocurrency exchange you are using should be checked thoroughly, and also, the knowledge about the transaction fee, specific requirements, etc., is essential. An ideal platform ensures maximum security and reliability.

Disclaimer:

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.