The cryptocurrency industry has evolved from digital tokens to NFTs and tokenized assets. While Ethereum pioneered NFTs, new blockchain token standards like Dogecoin's DRC-20 are enabling innovative use cases. This guide explores DRC-20's functionality, uniqueness, and step-by-step minting instructions.
Understanding Token Standards
Token standards are protocols defining how crypto tokens operate on a blockchain. They ensure:
✔️ Uniformity across tokens for seamless interoperability
✔️ Smart contract compatibility
✔️ Baseline guidelines for token creation
DRC-20 Token Standard Explained
DRC-20 is Dogecoin's equivalent to Bitcoin’s BRC-20, enabling doginals (Dogecoin NFTs) by inscribing metadata onto elons (1/100,000,000 DOGE). Key features:
How DRC-20 Works
- Inscribe custom metadata (<4MB) onto elons via tools like Doginal Explorer
- Resulting tokens (doginals) exist independently from DOGE
- Low minting cost (~0.1 DOGE per transaction)
👉 Discover how to trade DRC-20 tokens securely
Why DRC-20 Stands Out
| Feature | DRC-20 Advantage |
|---|---|
| DeFi Potential | Enables smart contracts on Dogecoin |
| Interoperability | Seamless cross-application functionality |
| Cost Efficiency | Minting fees under $1 vs. ETH’s $200+ |
Step-by-Step: Minting a DRC-20 Token
Option 1: Doginal Explorer
- Visit Doginal Explorer → Click Inscribe
- Enter token name, supply, and recipient address
- Customize inscription code or use default
- Set transaction fee → Confirm payment
Option 2: DPAL Wallet
- Install DPAL Chrome extension → Fund wallet
- Navigate to Doginals → Mint Ordinals
- Fill token details (name, supply)
Use default or custom inscription code:
{ "p": "drc-20", "op": "mint", "tick": "token_name", "amt": "1000" }- Confirm transaction → Receive tokens
Buying vs. Minting DRC-20 Tokens
- Minting Pros: Full control, potential high returns
- Buying Pros: No technical skills needed, portfolio diversification
👉 Explore top DRC-20 tokens like DOGI on Gate.io
FAQ
Q: Where can I buy DRC-20 tokens?
A: Limited marketplaces currently list them, but Gate.io offers DOGI trading.
Q: What’s the max metadata size for doginals?
A: 4MB (images, text, or videos).
Q: Are DRC-20 fees stable?
A: Yes—typically under 0.1 DOGE due to Dogecoin’s low transaction costs.
Q: Can DRC-20 support DeFi apps?
A: Yes, it opens smart contract functionality for Dogecoin.
Key Takeaways
- DRC-20 brings NFTs to Dogecoin via doginals
- Mint cost-efficient tokens with Doginal Explorer or DPAL Wallet
- Trade early DRC-20 tokens like DOGI on select exchanges
For deeper insights, visit our advanced Dogecoin tokenization guide.
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