Similarly, the DRC-20 token on the Dogecoin network will be called Doginal , created by engraving metadata onto the smallest unit of Dogecoin, called Shibe . 

Advantages & Limitations of DRC-20

Advantage

Users only need to pay a very low fee to create (mint) DRC-20 tokens , about 0.1 DOGE (equivalent to 0.0093 USD). This allows users to test and mint many different types of DRC-20 tokens without excessive fees, providing high cost efficiency and minimizing financial risk.
Besides, DRC-20 is still in the early stages of development . This gives a first-mover advantage to both projects deploying DRC-20 tokens and users on Dogecoin, as they can become the ones to catch the wave and cash flow in this emerging trend, thereby taking advantage of opportunity to learn and explore its development potential. 

Limit

Embracing innovation often comes with facing its many new risks and problems. Accordingly, DRC-20 is a completely new type of token and faces many problems: 

• There aren't many use cases yet: Dogecoin has been around since 2013 but the blockchain network is still new and young. In theory, the DRC-20 token will make interaction between dApps in the network easier, but in reality, there are not many projects built on this blockchain. Therefore, DRC-20 tokens currently have almost no specific utility or use cases, most users hold DRC-20 tokens as a form of meme coin for the purpose of speculation.
• Blockchain explorer is not complete: Tracking token information, wallets and transactions related to DRC-20 tokens is also difficult, because there is no complete blockchain explorer, or even many tokens are not updated on the platform. Popular tools like CoinGeko or CoinMarketCap. Currently the popular explorer for DRC-20 tokens is Ordifind , however the UI/UX is still not optimized and does not have many features. 
• Limited trading market: DRC-20 tokens are easily created and often do not have serious development projects behind them, so they are often not listed on large and reputable exchanges such as Binance, Bybit , OKX... Along with liquidity limitations, the process of buying and selling DRC-20 tokens has become more complicated and difficult.
• Strong price fluctuations: DRC-20 tokens are often created as memecoins for speculative purposes, so price fluctuations can be stronger than other tokens. Reality shows that the token price can increase by x2 x3 or vice versa, decrease by /2 /3 in just a few hours or days. 

For example: TEXO coin was minted according to DRC-20 standard on December 12, 2023 at a price of 0.0162 USD:

• On December 16, 2023, TEXO price decreased to 0.00628 USD, down 2.5 times compared to the original price.
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