Hello everyone, hope your weekend went well? If you care to know, mine was ruined because arsenal was thrashed by Liverpool at Anfield.
Today we are going to be review the DogeZilla token. I had seen this token pumping on coinmarketcap.com, some weeks ago. I hadn’t thought much of it. Only for Ivi (a reader) to bring it to my notice. Thank you, Ivi.
If you intend to invest in DogeZilla, or maybe you are already an investor. This review was made with you in mind. I have done the checks. What you need to do is to read through the review.
You however need to know that “I’m not a banker or financial expert. I will not be held responsible for your financial decisions. This article is just for educational purposes, consider it a form of entertainment. I’m not here to promote or disparage any coin. I consider my analysis to be objective. Whether you are satisfied or not satisfied with the things I say, you are encouraged to do your research.”
With that out of the way, let’s get ready to rumble!
When I am looking at a new token, to confirm their actual nature (Legit or Scam), the below are the things I look out for.
Developers behind the project
What people are saying about DogeZilla
(If you are a frequent visitor of this website, you should know this by now. For context 80% of my readership are new readers, that’s why I have to repeat myself most times)
DogeZilla’s website has been redesigned. Previously, I called it basic. I’m however delighted, it has been improved upon. It now looks like a website a good developer put together. I initially noticed the dogezilla website was ‘carelessly’ built with WordPress. And I pointed that out. That has been changed by the dogezilla dev.
The new website is commendable and nice looking, as you’d expect a serious crypto project to carefully put things like that into consideration. In my opinion, the website has been improved upon and I’m here for this type of changes. That’s why what I do is important, but people misinterpret that a lot.
Dogezilla description begins with “the world chooses it’s token” section of the website. This is how they explained the section.
“Let’s be honest, Bitcoin was not made for everyone. It makes more sense to buy a token with larger supply and lower price. DogeZilla was made for all the people of the World.“
I agree that the world chooses it’s token. To put it in clearer context, the world places value on what it wants to place value on, not necessarily on the inherent value of a thing. Good examples are meme coins like Doge and Shiba. Also, it makes more sense for most type of crypto investors to invest in low capped tokens with higher supply than buy something high capped coins with low supply.
The website went ahead to introduce Dogezilla vault.
An ‘advanced’ crypto doxxing platform that seeks to help mitigate the fraud in crypto spaces, which is a welcome idea. More about Dogezilla vault in the white paper section.
Two links were provided for the purpose of checking the authenticity of the Dogezilla vault project (I suppose). These links are named Developer History and Project Verification. These links do not take you anywhere. When clicked the link returns to be website’s homepage. This isn’t a good look in my opinion. It makes the website look like it is still under construction.
The last time I reviewed the DogeZilla project, there was nothing like Zillaverse NFT. So, I’m pleasantly surprised by this inclusion. Zillaverse is a projected NFT marketplace (a platform where people buy and sell NFTs)
According to the website, every transaction conducted in the ZillaVerse marketplace will be taxed and distributed to holders of DogeZilla. This is a good idea I recon. ZillaVerse has not been released yet. It is scheduled to be released in the second quarter of 2021.
Another project that wasn’t included in my initial review was Zillaswap. Like the name suggests, is a token swapping and exchange platform. Zillaswap is expected to launch in the third quarter of 2022. Other projects like Zillex, Kross are lined up, but they are still under development and to be announced.
Made for Moonshot
In the Previous dogezilla website, the DogeZilla team let investors know the contract is a copy of other successful contracts that have done 700,000x. Now, Dogezilla developers claim their “tokenomics” are programmed for millions of holders and potentially billions one day in the near future as crypto continues to grow.
Details of the tokenomics in this new website is absent. In the previous website, it was included. The total possible supply of the token was a source of laugher to me. Here’s how I said it.
“69 what??? the very nature of this token makes it a forever shitcoin. It is not deflationary. There’s no burn mechanism. C’mon, this token wasn’t thought through.”
DogeZilla is Certik audited. This certain audit was absent in my last review because it hadn’t been ‘onboarded’. It currently has 84% security score.
Doge Zilla’s whitepaper is a 12-page downloadable PDF. It uniquely begins with motivational quotes. While others may find it interesting, I think the quote is unnecessary.
The next section proceeds to tell you about DogeZilla’s beliefs. Which sounds to me, like another round of motivational quotes. DogeZilla’s Philosophy follows immediately. The first 3 pages of Dogezilla’s white paper are motivational in nature. Which I believe is technically useless in the grand scheme of things. It however, has proven to be a successful marketing from a marketing standpoint.
The real white paper begins in the “about us” section. Here is how the whitepaper puts it.
“DogeZilla is a community-driven project, sprouted out of necessity due to the increasing scams and rug pulls around the crypto-space. After being victims of countless scams, the Founder (9ZEROES) decided to make a project and token for the community that will serve a legitimate purpose.“
I want you to put on your imagination cap. Now, Imagine you have been a victim of several rug pulls (crypto scams). Is it natural for you to want to create your own ‘legitimate’ token because you have been scammed (multiple times)? It doesn’t make sense to me. I think it’s natural to want to create something like a website that warns people of scam tokens, or even DogeZilla Vault. But not a straight-up token.
The rest of the white paper was all about the DogeZilla vault. Which I think is a good idea. It however not a groundbreaking idea. Because let’s face it, being “extremely” doxxed or not is not the only metric to know whether a project is a scam or not. Dogezilla has progressed to promising to add other utilities to the token which I find fantastic. It is however conspicuous that these new features hasn’t been included in the recently (December) published white paper. It also important to say that Dogezilla is perhaps the only token that excludes tokenomics from it’s website and whitepaper.
Market Cap and Liquidity Pool
According to poocoin.app, DogeZilla’s market cap is a massive $69+ million. The last time I reviewed this token, it has a $100+ million market cap. This could be as a result of the recent market cap reduction is as a result of the general market dip. If you factor in the recent dip, this is a very good market cap. The liquidity pool is currently $1,154,526. I believe this should be larger. 93% of the liquidity pool is locked in Unicrypt liquidity locker. While the remaining 7% are in unlocked wallets. Please, be aware that there is a counterfeit DogeZilla on Unicrypt. The contract address is diffeeb. Here’s is a link https://app.unicrypt.network/amm/pancake-v2/ilo/0x35BCA96AaE69140539eB47E637e31fE77B7506b0. The last time I checked, I discovered the token’s liquidity pool contract on Unicrypt ends in January.
The holder’s figure is impressive. Over 254,000 are currently holding this token, there are no whales, as the largest holder of the token do not own more than 2%. I think it is the most impressive thing about the token.
Developers of the token
I find it ironic that a token that promises doxxing as a way of showing transparency, is not doxxed. Nobody knows who 9zeros is. And the fact people get kicked out of the “community” for asking important question, paints him as autocratic.
What investors are saying about the Token
On YouTube, many investors are upbeat about the token chances of going to the moon, but some are clearly worried about January.
On Twitter, many on Twitter are doubting the potential of DogeZilla. While some are optimistic about it.
The rationale behind this token is legitimate and questionable, the developers want to ‘fight scams’ in the industry, and the first thing they do is create a token. The tokenomics invalidates whatever long-term potential this coin claims to have. The token claim to be “community driven”, but there’s an autocratic ‘big brother’ leading the token. The developers might have to ‘edit’ the contract and adopt a radical burn mechanism. The liquidity becomes unlocked soon . The developers are not doxxed. This token has a trailer load of red flags. I’m not calling it a scam, but developers are not the most transparent people in the industry. On the positive side, Dogezilla has been audited by Certik, it has a growing community of holders, it promises a bunch of other utilities that makes it full of potentials and the developers seem to be hardworking.
If you enjoyed reading this review, kindly check out my other reviews.