Dogezilla is a community-driven project that aims to bring an innovative approach toward reducing scams in the crypto sphere by exploring the potential of new upcoming projects and token launches even before they come into the market.
With the increasing popularity of cryptocurrencies, there's an increase in initial coin offerings (ICO). Along with that, several scams have been arising. This is where the founders of the Dogezilla project felt the need to bring a mechanism to safeguard against these scams and “rug pulls.” Rug pulls occur when developers abandon a project to steal funds after manipulating a token's perceived worth. Hence, the company seeks to disrupt the space by introducing Dogezilla Vault. Dogezilla Vault is the flagship product of the company.
As per the whitepaper, Dogezilla Vault is designed to verify the project's developers via a secured network protocol on the web or mobile app. The security checks on the Vault platform are implemented in primarily two stages according to the whitepaper:
That's not all; once a developer gets verified by the platform, they receive a verified badge with a Dogezilla Vault verified ID and their extension on a subdomain like, for example, Vault.Dogezilla.com/token name. The Dogezilla Vault badge seeks to work as proof that they are verified and are less risky to the community. Gradually, as the project grows, people may also learn to look for the Dogezilla Vault badge as a layer of security to gauge projects for safety. Though it is not a foolproof method, reducing the risk to a greater extent is the project's primary purpose.
The beta version of Dogezilla Vault is already complete. It is available on the website for developers to submit their projects for verification.
Apart from Dogezilla Vault, Dogezilla also has plans to launch Zillaverse and Zillaswap soon. The road map suggests that Zillaverse is an NFT marketplace on Binance Smart Chain for meme NFTs. The company seeks to serve millions of NFT enthusiasts with its Zillaverse platform. There are plans to distribute the taxes collected from the transactions in the Zillaverse to DOGEZILLA token holders.
On the other hand, Zillaswap is a token swapping and exchange platform. The product is designed to serve the community efficiently to exchange their tokens.
DOGEZILLA is the native token of the platform. The team aims to take an entirely different approach toward the project's tokenomics with a larger supply and a much lower price per token. Primarily, this approach has been adopted to make the token available for billions of users in the crypto space. The token contract is audited and verified by Certik Audits.
