ChocoDoge Unveiled a New Dimension in the GameFi and Entertainment Industry

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ChocoDoge, an NFT Gamefi project announces the launch of USCD, the seigniorage stablecoin on the dogechain. Stablecoins give crucial stability to investors and users in the volatile crypto market, notably in the Defi sector. Currency-linked stablecoins are pegged to 1 USD and held by centralized third parties, which contradicts the fundamental principle of the world’s first cryptocurrency, whose primary purpose was to create an untouchable, decentralized monetary system.

Innovative algorithmic currencies maintain an eternally constant value via the use of unique algorithms and codes that change their total quantity and do not require a reserve to preserve their fundamental value.

The challenges that are there in the GameFi Industry

Traditional yield farming projects depend on the trust of their users. Also, if something goes wrong on these platforms, either subjectively or objectively, it will start a snowball effect that will make the protocol less appealing and as a result in the end majority of these platforms tend to fail.

Most GameFi projects use a model to make sure their big investors and venture capitalists can break even as soon as possible (and thus gain their trust, leading to more money for the development). Most of the time, when the investing phase starts, this leads to quick selling.

Sometimes the pre-mint/pre-sale amount is so big that it throws off the game’s whole economy. The big investors and venture capitalists take their money and leave, leaving the developers and players with a broken, unfinished game and no money to finish it.

The vision behind ChocoDoge’s approach

ChocoDoge has decided not to chase profits or useless metrics like a high TVL or an unreasonable APR. The goal of the development process is to come up with a protocol that can be used for a long time, has a good return on investment, and is safe.

With the mindset of a game studio, most of the money made from the protocol will go to help make games. ChocoDoge sticks to the…

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