So the question is, what is ‘Tugou Coin’?

DogeCoin was originally called Dogecoin, and it was the world's first meme coin. Later, with the rise of DeFi, DEX (decentralized exchanges) allowed token transactions without any threshold, and a wave of hype about "Dogecoin" arose.

What we need to note here is that Dogcoin and altcoin are different.

Before explaining their differences, we need to note that the digital currency investment market is divided into mainstream coins and altcoins. Mainstream coins are often BTC, ETH, BNB and other top ten coins in terms of market value. Altcoins are all coins other than mainstream coins. Altcoins have teams, investment institutions, and application ecosystems, but they cannot compare with mainstream coins. They often face fatal flaws such as no technological innovation, no transaction liquidity, and no users in the application ecosystem.

Now let's look at the definition of Dogcoin (meme coin). Dogcoin's goal is not to become a serious digital currency, but to attract more people to participate in and use cryptocurrency through the power of entertainment and social media. In other words, Dogcoin may not have an application ecosystem, investment institutions, or a so-called team, but they have a community and consensus.

It sounds counterintuitive, so we can use DogeCoin (Dogecoin is the leader and originator of meme coins) to simply explain this definition. DogeCoin was created in December 2013 by Billy Markus and Jackson Palmer, who left the project at the end of 2014.

Although the founder has left (this is actually the case with Bitcoin as well), DogeCoin already has a group of players (holders) who formed the earliest DAO community. All holders can make plans and contributions to the construction of Dogecoin.

For example, if you are a technician, you can contribute code to the development of DogeCoin wallet; if you are a marketer, you can promote the value of DogeCoin and increase its use value; if you are a celebrity, you can promote DogeCoin and increase its popularity.

It does not have any so-called investment institutions, because the technical foundation of DogeCoin is based on Litecoin, which uses a similar encryption algorithm to Bitcoin, namely Proof of Work. In the early stages, everyone has "fair access"; DogeCoin also does not have a so-called team, because the founder gave up long ago; DogeCoin only has a community with a strong consensus.

Below is the development journey of Dogecoin: DogeCoin was created in December 2013. In 2021, because Elon Musk mentioned Dogecoin many times on Twitter, it attracted a lot of followers and investors to participate, and the increase in one year exceeded 100,000%. 2020-2021 SHIB was created (the first original economic model on Ethereum including burn and lock)

SHIB was initially promoted as "DogeCoin's sister coin". Many investors who missed the rise of DogeCoin bought SHIB, which caused SHIB to rise by more than 500,000 times in more than a year. In 2021, there are a lot of meme coins. Although most of the meme coins have returned to zero, the remaining small part has increased by thousands, tens of thousands, or even hundreds of thousands of times, which makes investors rush in recklessly, such as the recent AiDoge, PEPE, etc.

If you want to invest in Dogecoin, what to do:

1. First, you need to learn how to operate on the chain. For example, download the metamask wallet, create a wallet address, connect to the corresponding network, withdraw coins from the exchange to the on-chain address, etc.

2. Learn how to use DEX (decentralized exchange) to trade, buy and sell, group LP pledge, claim, mint, etc. (front-end operation, very simple)

3. Use the Ethereum browser to perform direct on-chain interactions (this is an advanced version, which also includes hexadecimal interactions, etc.)

4. Learn to analyze projects, track them on the chain, pay attention to official promotions, TG/DC and other community groups, as well as marketing and word of mouth, etc.

5. You will only know more after you lose money in actual practice.

Common routines/avoidance guide:

1. Dogcoin is often used by some group members to start a business after their contracts are liquidated. It only takes a few dozen dollars to create a Dogcoin, and the cost is very low. At this time, if we see that the pool is too small, try not to play

2. For some free mint/claim Dogecoins, it is best to use a new wallet to prevent the private key of the wallet from being stolen and the money in the wallet from being stolen (security issue, very important)

3. Investing in Dogecoin is like buying lottery tickets or playing scratch cards. Don’t have too high expectations, and you don’t need to invest too much.

4. If you double your money, I suggest you pay the principal first (because it is an on-chain transaction, you should also include the gas fee in the principal. If there is a tax, you should also include the tax). Don’t think about the pattern. A wave of wealth will often end up with zero.

5. Don’t trust smart wallets. Smart wallets can be artificially created. For example, someone issues a few Dogecoins, and then uses a so-called “smart wallet” to buy them, and then sells them at a rate of tens or hundreds of times, with a 100% winning rate and a full rate of return. After being labeled as a smart wallet, someone will follow suit and buy, and they will be harvested.

6. Don’t trust paid robots and paid groups. After joining a group or using a robot, the Dogecoin contract sent inside is likely to be the Dogecoin discovered by the group owner. In addition to cutting your entry fee, you will also cut your investment money.

7. Do less exercises, make fewer mistakes and have a higher winning rate.

8. Watch and learn more. You can join some active free-communication groups to see how the old investors lose or make money. Then summarize your own investment ideas and logical strategies.