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A new meme coin ‘Dogeverse’ announced the launch of its presale on April 8th, raising over $1,500,000 at thedogeverse.com in just three days. 
Dogeverse token centers around a character named Cosmo, an anthropomorphic dog with the unique ability to “hop” between blockchain networks. This cross-chain motif serves as the foundation for Dogeverse’s multi-blockchain vision.
What Is Dogeverse?
Based on what we’ve seen so far with Dogeverse, this is not a typical one-off meme coin project.
While paying homage to the original meme coin that started it all, Dogecoin – although not affiliated with DOGE – $DOGEVERSE aims to bring additional utility and innovation to the meme coin space.
Its key differentiator is that it is the ‘world’s first multichain meme token’. As outlined in Dogeverse’s whitepaper, the project will exist natively on six of the most popular blockchains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

The #DOGEVERSE sets a new standard for #Crypto #Tokens! 🌟
Buying and #Trading $DOGEVERSE across six major #Blockchains, amplifying Cosmo’s vision of a unified crypto verse. 🚀
From #DEXs to #CEXs, join our #Memecoin enthusiasts and explore #Blockchain adventurers worldwide! 🌐 pic.twitter.com/lYgZszersR
— DogeVerse (@The_DogeVerse) April 10, 2024

Investors can already buy Dogeverse tokens on the project website using Ethereum, BNB, Polygon, and Avalanche, with the Base and Solana options set to be added later this week.
The narrative of Dogeverse centers around Cosmo the Doge, who has the ability to jump between different crypto chains. This character symbolizes the unity and creativity within the Doge community, allowing $DOGEVERSE token holders to freely traverse various crypto chains.
The multichain framework is a key aspect of the project, as it aims to unite the crypto meme community and enhance the utility of meme tokens across different platforms. 

Source – thedogeverse.com
The $DOGEVERSE token is minted on Ethereum and can be claimed, stored, and traded on Solana, BNB Chain, Base, Polygon, or Avalanche using Wormhole and Portal Bridge technology.
This feature adds versatility and accessibility to the token, potentially appealing to a broader audience of meme crypto enthusiasts.
Dogeverse Crypto Presale Details
The new meme coin has a total supply of 200 billion tokens, distributed as follows:

Presale: 15% (30 billion tokens)
Staking: 10% (20 billion tokens)
Project Funds: 25% (50 billion tokens)
Liquidity: 10% (20 billion tokens)
Marketing: 25% (50 billion tokens)
Ecosystem: 10% (20 billion tokens)
Exchanges: 5% (10 billion tokens)

The Dogeverse presale launched on April 8th and raised over $1.5 million in 72 hours, with each $DOGEVERSE token currently priced at $0.000291, although this exchange rate will increase incrementally as the presale progresses.

The Dogeverse presale has a soft cap of $8,835,000 and a hard cap of $17,002,500.
Early stakers can also earn a several hundred percent APY at the time of writing, currently at just over 600% with a dynamic rewards rate that is adjusted as more stakers enter the pool.
Conclusion
Dogeverse delivers a playful meme coin concept fused with multi-network ambitions. With a growing interest in the new meme coin across social media since the launch of its presale, the project shows a potential for broad appeal amongst crypto communities seeking fun and function across multiple blockchain ecosystems. 
Upcoming integrations on networks like Solana could further fuel interest and adoption of $DOGEVERSE as the market prepares for the upcoming BTC halving in April.
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The post New Meme Coin ‘Dogeverse’ Launches Crypto Presale, Raises $1.5 Million In 72 Hours appeared first on ReadWrite.

SpaceX’s Starlink, lauded for its ambitious global internet service, is reportedly in a financial paradox, burning through cash at a rate that questions its profitability claims, according to Bloomberg reporting. Despite assertions from CEO Elon Musk and SpaceX executives of reaching “profitable territory,” insiders revealed to Bloomberg that the reality of Starlink’s finances is more complex, especially concerning the costs associated with its ground terminals and satellite launches.
Though it boasts over 2.6 million customers, Starlink allegedly omits the significant expenses of satellite deployment in its financial presentations to investors, creating an overly optimistic portrayal of its fiscal health. This accounting practice has led to skepticism about the satellite business’s operational profitability, contrasting Musk’s previous announcements of achieving “breakeven cash flow.”
As SpaceX continues to redefine the aerospace industry with its reusable rockets and the sheer number of satellites deployed, the financial sustainability of its satellite internet service comes under scrutiny. Valued near $180 billion, SpaceX’s reliance on Starlink for revenue is evident, especially as the company seeks to fund Musk’s vision of Mars colonization. Yet, the ambition of reaching millions more customers necessitates a network expansion that could exacerbate existing capacity and cost challenges.
Starlink’s capacity constraints and speed bumps
Starlink’s quest for global coverage faces hurdles, not just in the technological realm but also in market penetration. Urban saturation has begun to affect service performance, a situation SpaceX hopes to alleviate with the introduction of more advanced satellites. However, the promise of improved services with the upcoming Starship rocket launches remains contingent on overcoming significant testing milestones.
While Starlink’s appeal to major airlines has been limited, its success in rural and maritime sectors demonstrates the service’s potential. Partnerships with companies like Carnival Cruise Lines and Anglo-Eastern Ship Management highlight Starlink’s ability to offer vital internet services in areas traditionally underserved by traditional providers.
The path to consistent profitability for Starlink involves reducing manufacturing and operational costs while expanding its subscriber base. With revenue projections optimistic, SpaceX may explore additional financing or an IPO for Starlink, though such plans remain speculative. Yet, as Starlink navigates these financial and operational challenges, its impact on global internet access continues to grow
The post SpaceX’s high-flying Starlink still searching for stable financial orbit appeared first on ReadWrite.