Crypto Unicorns NFT is one of the cutest NFT collections. It features fluffy creatures that can…
Tamadoge is one of the new cryptocurrencies that came from a unique concept. It is a meme coin that may just be able to surpass the others with similar origins.
This blog post will discuss all about Tamadoge and whether it is a good investment.
Introduction to Tamadoge
Tamadoge is a fusion of NFT, play-to-earn (P2E) metaverse game, and a meme coin. The Tamadoge NFT game is all about digital pets that also act as NFTs and its native cryptocurrency is known as TAMA.
There are two popular forces that inspired the invention of Tamadoge. These are Tamagotchi and the Doge meme culture. Tamagotchi is a Japanese handheld game with digital pets that was crazily popular in the 90s.
On the other hand, Doge culture refers to one of the most popular memes involving a Shiba Inu dog. The Doge face has become a branding for various crypto projects including Dogecoin and Shiba Inu (SHIB).
How Does Tamadoge Work?
The Tamadoge game exists in Tamaverse. In this space, players can breed, train and battle their pets with other players’ Tamadoge pets. The pets are similar to babies where their owners need to take care of them through feeding and bathing.
When players win battles, they get Dogepoints. In turn, they can use the Dogepoints to get Tamadoge (TAMA) tokens from the Dogepool.
In their website, the developers describe Tamadoge as:
Tamadoge (TAMA) is the gateway token of the Tamaverse – where you’ll be able to mint, breed and battle your own Tamadoge pet in the metaverse.
Where is The Tamadoge Project Headed?
Tamadoge’s future goals are quite progressive. Part of their plan is to launch P2E arcade games and an augmented reality application that is somehow similar to Pokemon Go.
In addition, Tamadoge’s developers look forward to providing augmented reality support in the last quarter of 2023. This feature will allow players to almost feel and touch their pets.
Tamadoge Tokenomics and Legitimacy
TAMA is both the native and governance token of the Tamadoge project. Its circulating supply is capped at 2 billion tokens only. The allocation of 1 billion tokens is currently in use for its presale. The other half will undergo minting in the next ten years for listing and delisting in cryptocurrency exchanges.
Regarding its legitimacy, Tamadoge has received a KYC verification from Coinsniper and has undergone a Solid Proof audit. These are two highly trusted organizations when it comes to verifying the legitimacy of a new crypto start-up.
Moreover, an additional safety guarantee to investing in Tamadoge is their burn mechanism. People who participate in the Tamaverse can buy NFTs and other in-game items from the Tamadoge NFT Petstore. Correspondingly, the team behind Tamadoge plans to burn 5 percent revenue from the sales that they will achieve.
Accordingly, this move will increase TAMA’s scarcity and pave the way for its price to gain a higher value in the future.
Tamadoge Presale and Price Predictions
The presale of Tamadoge proved to be a success with its 9 stages. It started with a price of $0.01 and achieved $0.03 at its last phase. The team wanted to raise $19 million throughout their whole presale event.
Nevertheless, they managed to put up that amount in only a few weeks. In around two months, the presale already sold out all the allocated tokens.
The developers explained that they decided to hold the presale in several stages as a precautionary measure against liquidity issues once they release TAMA in crypto exchanges.
At some point in its presale, it reached an all-time high of $0.1957. This gave investors 15x earnings on their initial investment.
Coinmarketcap’s December 2022 data showed that in 24 hours, TAMA achieved a trading volume of $1.73 million and its market cap was valued around $35 million. At that time, its coin price hovered around $0.025.
How to Buy TAMA
Crypto enthusiasts and crypto experts are hopeful that Tamadoge will be the first memecoin to attain a $1 value. It continues to attract more buyers because of the meme coin’s unique utilities.
Investors can buy Tamadoge in Binance, Coinbase, and OKX. It is important to note that you need to use a crypto wallet that is best compatible with either of the three aforementioned exchanges.
Furthermore, make sure you use a base cryptocurrency that you can trade for TAMA. If you use Binance, you need to buy Ethereum as the base crypto. On the other hand, if you use OKX you need to buy TAMA using USDT or other stablecoins.
In general, different crypto exchanges have different policies on how you can acquire TAMA coins. So, do your research first before buying.
While the price history of Tamadoge seems to be smashing the crypto markets, it is too early to claim its success. It is a promising memecoin that has the potential to grow not only in the NFT space but in the Play-to-Earn (P2E) ecosystem too. Its Tamadoge arcade is certainly one project to watch out for.
In general, TAMA is starting on the right path. If it can sustain its investors’ interest and optimism, it may find itself in a better position compared to other memecoins. If you are curious about what Tamadoge has to offer and also want to reap the same benefits that its users enjoy, try investing now.
Nonetheless, remember that you should only invest what you can afford to lose.