A hot new cryptocurrency called Tamadoge is making waves in the meme coin market. It’s merging aspects from trending crypto sub-sectors, including NFTs, the Metaverse, and P2E gaming, to create a utility-focused meme coin that investors simply cannot get enough of.
Despite only being in beta presale for less than three weeks, Tamadoge has now reached a whopping $2 million in raised funds for its beta presale.
What is Tamadoge
Tamadoge (TAMA) is a project reshaping the meme coin market by creating a utility-centric token in an industry mainly lacking substantial utility.
The primary focus of Tamadoge centres around 3D-animated Tamadoge pets. Each pet is tokenized as an NFT, allowing it to be easily bought, sold, and transferred. When a new pet is minted (minting begins during Q4 2022), it will initially be in its basic variation.
However, by training and providing a pet with items from the Tamadoge store (food, toys, and cosmetics), a player can level up their Tamadoge pet to earn Dogepoints. As a player makes Dogepoints, their leaderboard ranking increases. The higher a player places on the Tamadoge leaderboard, the more significant portion of the rewards pool they are entitled to.
Each Tamadoge pet is viewable in a Metaverse world called the Tamaverse. Players can interact with one another and their pets in the Tamaverse, helping to bolster the community aspects of Tamadoge.
While Tamadoge pets and the Tamaverse will initially be available through the web app, later down the line, a fully-fledged mobile app will launch, making taking care of a Tamadoge pet near-effortless. What’s more, during Q4 2023, the Tamadoge team will roll out augmented reality functionality on the app, allowing players to view their pets in the real world.
To keep updated with the latest developments, it’s worth joining the Tamadoge Telegram group (admins will never message you first).
Tamadoge Beta Presale
The Tamadoge beta presale has been a massive hit with investors. Since the presale launched on July 22nd, the project has already raised over $2 million. With the rate investors are piling in, it won’t be long before the entire hard cap presale is sold out.
In the beta presale, each TAMA token could be purchased for just $0.01 with a 1000 TAMA minimum; this makes Tamadoge one of the cheapest cryptocurrency projects on the market. However, as soon as the beta presale ended and the general presale began, there was a 25% price increase bringing each TAMA token to a cost of $0.0125.
During the general presale, the Tamadoge team aims to raise a further $8 million. This will bring the total amount of funds raised by both presales to an outstanding $10 million. This money will support the project’s development and ensure its success.
One of the main reasons why Tamadoge is considered by many to be the best new cryptocurrency is its incredibly strong tokenomics.
A lot of popular meme coins, Dogecoin included, have an unlimited supply. This means that the supply of these cryptocurrencies will increase exponentially over time. Eventually, an increased supply will dilute the value of each token, harming long-term growth.
The Tamadoge team clearly understands this as they opted to give TAMA a fixed supply of just 2 billion tokens, 50% of which (1 billion) have been allocated to the beta and general presale, and 30% (600 million) will slowly unlock over ten years to further the project’s development. The remaining 20% (400 million) will provide liquidity for exchange listings.
On top of its low supply, Tamadoge also features a deflationary mechanism that involves burning a portion of the revenue generated from Tamadoge store sales. 65% of revenue will be reserved for the P2E prize pool, 30% has been allocated to marketing and development, and 5% will be burned, helping to reduce supply and keep prices strong over long periods.
Why Tamadoge Could Become the Biggest P2E Game
With Tamadoge surpassing its significant $2 million milestone, it’s clear that investors can see the project’s potential.
Traditionally, play-to-earn games often get bogged down in confusing and repetitive earning mechanics. Usually, this can lead players to get bored and quit the game. Furthermore, creating a game centred around completing repetitive tasks to earn money alienates many of the game’s potential audience.
The Tamadoge team has understood this well and made an effort to ensure it doesn’t suffer from the same missteps. The team has decided to take a play-and-earn approach, focusing on rewarding users for regular gameplay rather than finding the most efficient earning strategy.
By doing away with the elements that made games like Axie Infinity a chore more than a game, Tamadoge has opened itself up to a much larger audience. By appealing to casual gamers and crypto enthusiasts, Tamadoge could propel itself to become the giant P2E game on the market.
How to Buy Tamadoge
Working out how to buy Tamadoge doesn’t have to be troublesome. We’ve provided an overview of the entire process below to make it simple.
Step 1 – Register with an Exchange
Before it’s possible to purchase TAMA, an investor first needs to acquire some Ethereum. From our research, the best exchange to do so consistently ranks as eToro. Alternatively, buying ETH directly from the Tamadoge website is possible using a debit/credit card.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Step 2 – Deposit & Buy ETH
Once an account has been created, it’s possible to deposit by clicking ‘Deposit Funds’, choosing how much to invest, and pressing ‘Deposit’. The funds will arrive quickly, but first-time deposits are known to take a short while longer. Afterwards, type ‘ETH’ into the search bar, then press ‘Trade’, choose how much to purchase, and press ‘Open Trade’.
Step 3 – Create MetaMask & Withdraw ETH
Next, create a crypto wallet by downloading the MetaMask mobile app or browser extension and following the on-screen instructions to complete the setup. Then, after checking that the wallet is set to the Ethereum network, withdraw the ETH from eToro via the eToro Money Wallet.
Step 4 – Connect Wallet & Buy TAMA
Once the funds have arrived, head to the Tamadoge presale website, press the ‘Connect Wallet’ button in the top right corner, then select ‘MetaMask’, and confirm the connection. Next, click ‘Buy Tamadoge’, decide how many tokens to purchase (1000 TAMA minimum = $10), and press ‘Convert ETH’. Once the general presale has concluded in Q4, the tokens will be available to claim.
Tamadoge is the hottest new meme coin on the market, and investors can’t get enough. With the beta presale surpassing $2 million raised, it won’t be long before the next significant presale milestone is reached.