How To Buy Dogs Of Elon (DOE)?

A common question you often see on social media from crypto beginners is “Where can I buy Dogs Of Elon?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Dogs Of Elon (DOE)

First, you will need to open an account on a cryptocurrency exchange that supports Dogs Of Elon (DOE).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Dogs Of Elon (DOE) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Dogs Of Elon (DOE)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Dogs Of Elon (DOE) or Dogs Of Elon (DOE) trading pairs. Look for the section that will allow you to buy Dogs Of Elon (DOE), and enter the amount of the cryptocurrency that you want to spend for Dogs Of Elon (DOE) or the amount of fiat currency that you want to spend towards buying Dogs Of Elon (DOE). The exchange will then calculate the equivalent amount of Dogs Of Elon (DOE) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Dogs Of Elon (DOE) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Dogs Of Elon (DOE)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Dogs of Elon is a pioneering project rooted in blockchain technology that seeks to advance the field by incorporating meme-inspired games and NFT (non-fungible token) collectibles. The project’s vision is to create an all-encompassing community in which users are empowered to develop a wide array of blockchain-based applications, including games, bots, and animated content. By fostering a collaborative environment for blockchain enthusiasts, developers, and meme aficionados, Dogs of Elon aims to promote innovation and engagement within the space.

The whitepaper of Dogs of Elon acknowledges that blockchain technology’s complexity presents challenges for users in creating wallets, securing private keys, and developing decentralized applications (Dapps). Consequently, the project’s primary objective is to simplify the process by creating user-friendly, blockchain-based products. In addition, Dogs of Elon aspires to establish a meme-centric platform that facilitates the development of decentralized financial protocols as an alternative to traditional financial systems.

DOE, the native token of the Dogs of Elon project, is an ERC-20-based, community-driven, and decentralized finance (DeFi) cryptocurrency. Token holders have the option to stake DOE tokens to earn additional DOE and SHIB rewards. SHIB is the native decentralized meme token associated with the Shiba Inu platform. To ensure the utmost security, the DOE token is audited by Certik, a leading blockchain security firm specializing in the verification of blockchain networks and smart contracts using advanced technology. The whitepaper further confirms that the DOE contract is devoid of any potentially hazardous code.

Dogs of Elon offers its users access to a diverse range of nearly 10,000 unique NFT collections. The project’s creators are also working on delivering blockchain-based mobile games with a nostalgic, retro aesthetic. These play-to-earn games are designed to be both engaging and rewarding for users. Furthermore, the platform encourages users to create their own games and offers a marketplace where users can discover, assess, and trade NFT collections using DOE tokens as payment.

What is the Dogs Of Elon (DOE) Token?

The DOE token is a robust ERC20 cryptocurrency that serves as the driving force behind the Dogs of Elon ecosystem. Designed with a focus on community and decentralized finance (DeFi), DOE is not only the companion token for Dogs of Elon NFTs but also offers staking opportunities for its holders. By staking DOE tokens, users can passively accumulate additional DOE, renDOGE, and SHIBA rewards.

In order to guarantee the safety and security of the token, the Dogs of Elon team has sought the expertise of CertiK, a reputable blockchain security firm. CertiK has conducted thorough audits of both the DOE token contract and the Dogs of Elon NFT contract, confirming that neither contains potentially harmful code, such as mint functions. As a result, the DOE supply is capped at a fixed amount of 1,000,000,000 tokens.

Moreover, the Dogs of Elon team has committed to renouncing ownership of the staking rewards contract once the rewards are deposited into the designated pools. This measure ensures that the rewards cannot be withdrawn or altered, thereby promoting transparency and trust within the ecosystem.

Dogs of Elon development updates in 2023

In 2023, the Dogs of Elon (DOE) project underwent a significant rebranding to Kudoe (KDOE). Poloniex, a cryptocurrency exchange, supported this rebranding and facilitated the token swap and smart contract update. The token swap from DOE to KDOE occurred at a 1:1 ratio. As part of this process, Poloniex paused DOE deposits, withdrawals, and trading, then resumed these services for KDOE. This rebranding represents a notable development in the project’s evolution​​.

Official website: https://dogsofelon.io/

Best cryptocurrency wallet for Dogs Of Elon (DOE)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Dogs Of Elon (DOE)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).