A new cryptocurrency token called Dogecoin20 has raised $5.5 million in its presale in just one week, but it has received much negative attention online because there are several grounds to doubt its legitimacy.
In this post, we are going to review Dogecoin20 and let you know if it is legit or not.
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What is Dogecoin20?
Another Ethereum-powered cryptocurrency token with a meme-face theme is called Dogecoin20. It indicates that Shiba Inu-themed meme coins served as inspiration.
Vitalik Buterin is the founder of Dogecoin20 and its headquarters is in Panama.
According to SimilarWeb, the total visits on its website Dogecoin20.io as of March 2024 are 700K+ with the top countries reaching the United States (19%), Germany (16%), and Korea, Republic (10%).
Moreover, its domain was last updated on August 2023, as per WHOIS.
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Currency Profile
| Website | Dogecoin20.io |
| Known as | Dogecoin20 |
| Domain registration date | 16 August 2023 |
| Address | 4th Floor Woofer Street Doge Trade Center Panama |
| Contact email | [email protected] |
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Dogecoin20 Review
After investigating the organizational history of Dogecoin20 on the internet, we found both positives and negatives in it. Let’s take a closer look.
Positives:
- Founders information available on the internet
- Headquarters address provided
- Valid contact support system available
Negatives:
- Mixed reviews on the internet
- Website reveals very less about executives running it
- Average ratings on scam and reputation analyzers
- Mixed reviews on the internet
Despite having numerous green signs, the Dogecoin20 is being accused of being a hoax. A small number of users have claimed on Dogecoin20 that it can access their wallet and everything linked to it on the internet.
It also contains a few red flags, such as the fact that even though its founder’s information is widely available online, neither he nor any of the other executives’ names are included on the website, demonstrating the lack of transparency there.
The fact that Dogecoin20 is registered in Panama, a country without a securities commission and without regulations, raises even more questions.
Our assessment of Dogecoin20 is that, despite it appearing to be legitimate, you should proceed with caution and bear in mind the aforementioned warning signs before purchasing it.
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FAQs
Who is the operator of Dogecoin20?
Vitalik Buterin is the operator of Dogecoin20.
From where Dogecoin20 is operating?
Dogecoin20 is operating from Panama.
Is Dogecoin20 legit?
Yes, currently it appears to be legitimate.
Can I buy Dogecoin20 cryptocurrency?
Yes, you can buy the Dogecoin20 but at your own risk.
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