DRC-20 Tokens: A Token Standard on the Dogecoin Network

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

DRC-20 stands as a token standard on the Dogecoin network, facilitating the creation of fungible assets within Dogecoin’s ecosystem, akin to Ethereum’s ERC-20 standard.

DRC-20: A Token Standard on the Dogecoin Network

Understanding DRC-20

DRC-20 tokens are crafted through smart contracts on the Dogecoin network, boasting interoperability across various DRC-20 tokens and services. The process of minting new DRC-20 tokens is cost-effective, typically requiring approximately 0.1 DOGE per mint, fostering experimentation and innovation. These tokens possess the versatility to underpin diverse decentralized applications (dApps) across numerous sectors, owing to their distinct tokenization capabilities.

Significance of DRC-20

DRC-20 facilitates the creation of dApps and empowers developers to issue tokens that garner network fees in the form of dogecoin (DOGE), thus enhancing the value proposition for DOGE and laying the groundwork for potential DeFi (Decentralized Finance) services on the blockchain.

DRC-20: A Token Standard on the Dogecoin Network

Minting DRC-20 Tokens: A Guide

Minting DRC-20 tokens entails a straightforward process, requiring minimal steps and investment.

1. Create a DPalWallet: Initiate by creating a DPalWallet, a fundamental tool for engaging in the DRC-20 ecosystem. Navigate to dpalwallet.io, and follow the standard procedures for wallet setup, including downloading, account creation, password selection, and securely storing the seed phrase.

2. Deposit Doge into Your Wallet: Ensure possession of Doge within your wallet. Doge can be deposited on any crypto exchange.

3. DRC-20 Token Minting: With Doge in your wallet, commence minting the tokens. Access the “Mint” option within your DPalWallet and specify the desired quantity of tokens, along with the token’s name and symbol.

4. Validate the Transaction: After token inscription, validate the transaction to finalize the minting process. Enter your wallet password and confirm the transaction. Monitor the transaction’s progress at chain.so/DOGE.

5. Receipt and Authentication of Tokens: Upon transaction confirmation, your tokens will appear in your DPalWallet. Authenticate the tokens by reviewing the transaction on the Dogecoin blockchain explorer.

DRC-20 vs ERC-20

DRC-20 and ERC-20 diverge in their respective networks, with DRC-20 operating on the Dogecoin network and ERC-20 on Ethereum. While both standards facilitate the creation of fungible digital assets, they differ in technical aspects and implementation.

Benefits and Conclusions

These tokens afford developers a standardized approach to creating and managing digital assets on the Dogecoin blockchain, fostering the development of innovative blockchain applications. Their interoperability across diverse applications and services enhances their utility for businesses and developers, driving adoption and network growth.

How to buy Lucky Block

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *