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Author Topic: They have the team and good idea but they choose the wrong name  (Read 247 times)
Outhue (OP)
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August 31, 2022, 07:07:45 AM
 #1

I want to talk about Doge chain project, I can see how this project is progressing with different ideas and dreams from the founder and team, they list on top exchanges like Kucoin and MXC but they made a big mistake using the name Doge. ..  They never had anything to do with Doge coin and they contacted the Co founder of Doge coin, trying to make him take their side with 14million dollars gift, this is a very wrong move


If the team knew that Doge coin must take a part in Doge chain they should have meet the team of Doge coin before building Doge chain.

And if the answer is still No they should have come up with their own different Brand name that has nothing to do with Doge coin

Doge chain chooses the wrong name

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bittraffic
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August 31, 2022, 07:18:15 AM
 #2

Dogecoin was just something of a joke that they try to keep using in gambling and was not meant to be really taken seriously. The name was unimportant during that time, if you have been around when it was less than a cent, the other coins were named Trump coin or Putin coin. It was just meant to get BTC from someone who trades these coins.

Doge was just taken seriously due to the pump of Musk. Now it was under a lens and people see its decentralization after all no one decides on its path because the CEO abandoned it.



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August 31, 2022, 08:02:58 AM
 #3

It is like any other bitcoin fork and any project that has chosen to put the name of bitcoin in them. But, they didn't find any success with it.

That is why branding your project with a famous one is a no no.

They are just like riding the fame of that project and instead of making themselves known through their own works, they are attaching to the success of the project where they have take the name for their anchor.

Outhue (OP)
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August 31, 2022, 10:23:21 AM
 #4

It is like any other bitcoin fork and any project that has chosen to put the name of bitcoin in them. But, they didn't find any success with it.

That is why branding your project with a famous one is a no no.

They are just like riding the fame of that project and instead of making themselves known through their own works, they are attaching to the success of the project where they have take the name for their anchor.
You get the point, Doge coin retain its idea of a meme coin, its not as if they can't bring in a chain network on their own, this is what most altcoins are doing, if there is metaverse let's add, if there is Dao lets add, if there is play to earn let's add, but Doge coin maintain its reason of existence.

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August 31, 2022, 01:25:49 PM
 #5

The developer of dogechain has ambition to be the same like shiba inu, that's why he was trying to pay doge coin co founder and that was making so many critism was coming to this meme token. Doge chain developers must be ashamed with what they have been doing.
People are seeing those developers are so shady. Why don't even they try to offer elon musk 14 millions to shill their shitty tokens? The popularity of doge coin was coming from elon.

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August 31, 2022, 02:12:40 PM
 #6

IMO, I believe that the namesake is not that important because the name or a brand can be built over time if you have a good use case and working products or even services to offer and for me, it can be a distinction.

Anyway, Doge Chain is a good name because Doge is already known and popular among many crypto users, so it's an advantage for the project but it's not enough the team must show to the crypto community that Doge Chain is a separate project with different and unique use cases to offer that can drive the demand of its token, and far from its namesake Dogecoin and popularly known as a meme coin or a joke!
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August 31, 2022, 02:13:35 PM
 #7

I want to talk about Doge chain project, I can see how this project is progressing with different ideas and dreams from the founder and team, they list on top exchanges like Kucoin and MXC but they made a big mistake using the name Doge. ..  They never had anything to do with Doge coin and they contacted the Co founder of Doge coin, trying to make him take their side with 14million dollars gift, this is a very wrong move


If the team knew that Doge coin must take a part in Doge chain they should have meet the team of Doge coin before building Doge chain.

And if the answer is still No they should have come up with their own different Brand name that has nothing to do with Doge coin

Doge chain chooses the wrong name
Hearing about the name Doge gives some reason why investors give no interest in this project and just simply decline this. But I don't think their intention to make successful, is not the thing I see it. They probably use the name Doge as it was already popular but unfortunately, the name Doge has been marked negatively leading to nothing and fewer market interactions. If ever this project will surge, I was certain that is because of manipulation which is very common to useless projects.
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August 31, 2022, 02:18:33 PM
 #8

This project just got listed on the Huobi exchange, they are making big efforts to say the truth and maybe they use doge name to attract people, we can't deny that people like meme coins and community coins more, we can see that with Shiba, doge and few others so bringing in a chain is not a bad idea, it's too early to say this is going to fail but I advice to invest very small money into this.
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August 31, 2022, 02:23:08 PM
 #9

There are a lot of projects in the cryptocurrency ecosystem that start with Doge.. So far, this is a well-publicized scam. Many cryptocurrency users know or have heard about Doge, so this is not a coincidence or mistake. The team does not have money to promote the project and they decided to use the name of a well-known coin.

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Outhue (OP)
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September 01, 2022, 09:30:39 AM
 #10

The developer of dogechain has ambition to be the same like shiba inu, that's why he was trying to pay doge coin co founder and that was making so many critism was coming to this meme token. Doge chain developers must be ashamed with what they have been doing.
People are seeing those developers are so shady. Why don't even they try to offer elon musk 14 millions to shill their shitty tokens? The popularity of doge coin was coming from elon.
We don't know how good the relationship between Elon and Doge coin team's are, maybe Elon won't take the 14million either who knows? I think the only person that have the go ahead power is still the team.

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September 01, 2022, 03:50:26 PM
 #11

It is like any other bitcoin fork and any project that has chosen to put the name of bitcoin in them. But, they didn't find any success with it.

That is why branding your project with a famous one is a no no.

They are just like riding the fame of that project and instead of making themselves known through their own works, they are attaching to the success of the project where they have take the name for their anchor.
You get the point, Doge coin retain its idea of a meme coin, its not as if they can't bring in a chain network on their own, this is what most altcoins are doing, if there is metaverse let's add, if there is Dao lets add, if there is play to earn let's add, but Doge coin maintain its reason of existence.
Yes.

Dogecoin remains to be as-is and that's why putting any name close to it won't make sense. That project will be just going for its fame but not with what it is advertising with the people and future investors.

It is the reason for those new projects, they should just find their own way of being known and avoid making their names have that attachment to any popular one. Although, it's a strategy of them but still, they need to have their own identity.

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September 01, 2022, 05:19:38 PM
 #12

I heard about this project and I actually have a lot of skepticism about it. Looking at the ecosystem they're building, they really want to push the meme trend back when a bunch of stuff is happening. It's a very funny quality there. 
And looking at the name, I can also understand the problem of taking advantage of the reputation of the big project Dogecoin to create an attraction, but honestly, it is like many other projects that I have known of before. If it does not create a strong fomo, it will soon be eliminated from the word like the person who exaggerated before.
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September 01, 2022, 08:31:08 PM
 #13

I want to talk about Doge chain project, I can see how this project is progressing with different ideas and dreams from the founder and team, they list on top exchanges like Kucoin and MXC but they made a big mistake using the name Doge. ..  They never had anything to do with Doge coin and they contacted the Co founder of Doge coin, trying to make him take their side with 14million dollars gift, this is a very wrong move

I usually avoid all meme-coins by default because for me they are just shit-coins that have zero usecase and that are hurting the whole crypto market because they take away attention and liquidity from real projects. I somehow stumbled across Dogechain though because i had some stable coins laying around at Kucoin doing nothing so i wanted to try their trading bot and when i did that the Dogechain trading pair had the most votalitiy that is why i picked it evne though i did not know what it is.
After i did a little research and i read a few warnings that team wallets are already selling and that they hired only the scammiest influencers and so on, i stopped the bot for Dogechain and i am now running it on another trading pair.
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September 01, 2022, 08:52:54 PM
 #14

I want to talk about Doge chain project, I can see how this project is progressing with different ideas and dreams from the founder and team, they list on top exchanges like Kucoin and MXC but they made a big mistake using the name Doge. ..  They never had anything to do with Doge coin and they contacted the Co founder of Doge coin, trying to make him take their side with 14million dollars gift, this is a very wrong move

I usually avoid all meme-coins by default because for me they are just shit-coins that have zero usecase and that are hurting the whole crypto market because they take away attention and liquidity from real projects. I somehow stumbled across Dogechain though because i had some stable coins laying around at Kucoin doing nothing so i wanted to try their trading bot and when i did that the Dogechain trading pair had the most votalitiy that is why i picked it evne though i did not know what it is.
After i did a little research and i read a few warnings that team wallets are already selling and that they hired only the scammiest influencers and so on, I stopped the bot for Dogechain and I am now running it on another trading pair.
I won't risk my funds in meme coins either because I don't think they serve any purpose. They will always pursue projects related to Doge just to take advantage of its fame. It will be a good strategy to start up a new project for them since there are still investors who trust Doge. However, those who are being too skeptical in choosing projects will get rid of it because there are still better investment opportunities that are worth the risk these days.
Its a personal kind of type of choice since not all would really be that avoiding meme coins included into their ports which does mean that even though this turns out to be a joke or meme coin but still

they are trying out to utilize the cheap value of it and hoping that there would be some significant value increase in the near future and it indeed happen when Musk did really make out some hype.
Lots of discrimination and negative sentiment that had been thrown out.

Back on topic about wrong name then its totally that different in overall if you do tend to look on the market on how many coins been using up
the word "Doge" then you could really say that this kind of thread is not that necessary.  Cheesy

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September 01, 2022, 08:57:07 PM
 #15

IMO, I believe that the namesake is not that important because the name or a brand can be built over time if you have a good use case and working products or even services to offer and for me, it can be a distinction.

Anyway, Doge Chain is a good name because Doge is already known and popular among many crypto users, so it's an advantage for the project but it's not enough the team must show to the crypto community that Doge Chain is a separate project with different and unique use cases to offer that can drive the demand of its token, and far from its namesake Dogecoin and popularly known as a meme coin or a joke!
I think the opposite, the name of a project is incredibly important because it is what allows other people to very quickly recognize the company and what it stands for, while naming your project like another famous project will give you some cheap publicity, over the long term this will play against you because whenever people hear about your project they will think about the other famous project and not your own, also we know that this is a tactic that is very commonly used by scammers, so with that action alone they have discouraged a great deal of people from ever investing with them
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September 01, 2022, 09:17:13 PM
 #16

Dogecoin was just something of a joke that they try to keep using in gambling and was not meant to be really taken seriously. The name was unimportant during that time, if you have been around when it was less than a cent, the other coins were named Trump coin or Putin coin. It was just meant to get BTC from someone who trades these coins.

Doge was just taken seriously due to the pump of Musk. Now it was under a lens and people see its decentralization after all no one decides on its path because the CEO abandoned it.

Exactly, that's why Doge is known to be a meme coin because it is just a joke of a crypto, of course for us gamblers we used because it is quick as compare to bitcoin and then we convert it to our favorite crypto. But then wihen Elon Musk enters the picture and then promote it, suddenly the whole crypto verse is into meme coins. There is Shiba and others and then this one. I don't think they chooses the wrong name. The people behind knows that there is hype so they jump on the bandwagon, uses that name so that they can attract investors. Maybe it rub some people the wrong way, but I'm thinking that there could be some that can fall for this trick and invest.
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September 01, 2022, 09:21:54 PM
 #17

There are a lot of projects in the cryptocurrency ecosystem that start with Doge.. So far, this is a well-publicized scam. Many cryptocurrency users know or have heard about Doge, so this is not a coincidence or mistake. The team does not have money to promote the project and they decided to use the name of a well-known coin.
Many project developer did this before already, and all of them are gone now because they are not really meant to stay in the market and just want to take advantage of the hype of meme token before. If you are just doing your own analysis, you can tell that this project is quiet a copy paste of many and this is not good at all. Be careful on dealing with the meme token that uses the name of the top meme token, they are just riding with the hype.

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September 01, 2022, 10:40:28 PM
 #18

Actually they have a pretty good project and get a pretty good place in the market too and as you quoted whether their name if it is not related to Doge will still have a large trading volume because by matching the name with Doge it can be their strategy so that many people who thought the coin was part of them so many investors came in to get the coin.

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September 01, 2022, 10:49:17 PM
 #19

Doge chain chooses the wrong name

I think they choose the same name to confuse investors into making them think that they have something to do with or are connected to Dogecoin.  The reason for the DogeChain developer approaching dogecoin offering a gift.  The choice of the name is maliciously done by the developer because of a known reason.  They can always rebrand but the impression will always be there.

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September 01, 2022, 11:09:47 PM
 #20

They just think OP will help them to gain attention and fall their trust in another meme coin. But douted not, might this be a reason why people will ignore them and even think this is a pure scam attempt. Because if I have a reason to make my project succeed, I don't make use of the name of the project that has already been in a red tag. As to observe that people are getting wise and can easily speculate on the project even though it was not meant for that. And I did already...assuming that was another worthless project.
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