Thanks to NFTs, blockchain technology is now much more than a means of making secure, transparent digital transactions. The world of crypto gaming is booming as gamers, artists, and crypto enthusiasts engage and interact in the brilliant, budding world of NFT trading.
While the premium cryptocurrency, Bitcoin, continues to lead the way in many regards, altcoins hold a lot of utility features, making them appealing to modern-day investors. One of such tokens currently making headlines is the Tamadoge meme coin, with its unique NFTs, upcoming Tamaverse, and play-to-earn system unique among other meme coins.
If you’re looking for new tokens to invest in, Tamadoge offers something different from the norm. Read on to learn more about this awesome meme coin!
What is Tamadoge?
Tamadoge is an Ethereum-based cryptocurrency ecosystem powered by TAMA, its native token. Today, the cryptocurrency is well on its way to being the top meme coin as it addresses several issues plaguing its competitors in the industry.
The likes of Shiba Inu and Dogecoin enjoyed successful launches but had their progress curtailed in the long run. Today, they’re seen as a little more novelty coins, popularized only by their affiliation with a trending social media meme.
However, Tamadoge aims to correct this narrative by adding utility to the mix, creating and integrating its unique NFT collection into a series of play-to-earn games and a budding metaverse.
History of Tamadoge
Tamadoge was launched in July 2022 to an eye watering presale fundraiser of $20 million. As far as meme tokens are concerned, this is a truly impressive figure.
The token was initially listed on the exchange platform OKX, with subsequent listings on OKX Dex, MEXC Global, and LBank announced. With further big-name exchange listings in the pipeline for TAMA, there are strong signs that the project developers have big ambitions.
At the time of writing this article, it has a fully diluted valuation of $5.4 billion, a total circulating supply of 1,049,733,333 tokens, and a value appreciation of more than 30% in 24 hours.
TAMA’s market supply is capped at two billion tokens, with half available in the presale. The remaining half consists of 400 million unmined reserves for exchange platform listing and 600 million minted units for future release over the next ten years.
Why Should You Invest in Tamadoge Now?
Although some well-established meme coins are on the market, like Dogecoin and Shiba Inu, Tamadoge promises something unique. Its primary creators, Carl Dawkins, Thomas Seabrook, Siphamandla Mjoli, and Neil Palethorpe, have promised significant upgrades, and its rapidly growing community points to a potentially profitable investment. Despite the competition, TAMA is one token you should invest in, and here are five reasons to consider:
Excellent Token Distribution System
Many cryptocurrencies fail to thrive due to inherent token distribution and supply problems. One of the reasons Bitcoin has remained on top for so long is its ingenious system of “burning” tokens every few years to keep scarcity and, ultimately, demand high.
Tamadoge uses a similar system with a unique twist that ensures that most of the tokens spent eventually end up in users’ possession. This steady circulation, coupled with its fixed supply, guarantees that the token will perform well in the cryptocurrency market in the long run.
If you buy digital assets in the Tamadoge ecosystem, the platform takes and “burns” 5% of all TAMA spent. This systematic “burning” of tokens helps to keep the price stable. Additionally, 30% of fees are directed to developing and marketing the ecosystem, with an impressive 65% redirected to the P2E prize pool. Users subsequently get TAMA in the form of in-game currency to buy Tamadoge NFTs, trade on exchange platforms or hold them in cryptocurrency wallets.
No Transaction Taxes
Many cryptocurrency projects raise additional funding by imposing transaction taxes on all tokens traded or transferred. Holders of such tokens must pay fees on transactions carried out on exchange platforms that list them. This is often the case with tokens that have distinct utility.
Although this system is efficient in keeping users from earning overt amounts on trades via price fluctuations, it’s not the best option. The Tamadoge network entirely does away with these exchange taxes, as the project developers would rather users earn from the project via the P2E system rather than trading alone. If you’re a cryptocurrency investor, this should be a juicy incentive for you to invest in the token.
A Brilliant P2E System
The platform has a unique Play-to-Earn feature where users can earn various rewards by playing and interacting with their Tamadoge NFTs. Users must purchase TAMA tokens to access the platform, after which they gain access to a wide range of features.
Unlike other meme coins, Tamadoge allows users to interact dynamically with their NFTs by caring for and breeding them. The developer’s overall target is to grow users’ interest in the platform by emotionally endearing the tokens to its community.
These NFTs, referred to as Tamadoge pets, lie at the heart of its cryptocurrency projects. Basically, they are “baby” pets with unique weaknesses, strengths, stats, and other attributes.
The P2E feature encourages users to play and feed their pets and watch them grow over time. The more you interact with your pet, the more rewards and upgrades you’ll get. Upon attaining maturity, you can have your pet compete with other pets in a Tamaverse leaderboard and battle arena.
A Unique Metaverse
At the core of the Tamadoge project is its unique Tamaverse ecosystem. Although still very much in the development phase, this metaverse is expected to be officially rolled out at the start of 2023.
The Tamaverse will be a fully animated 3D ecosystem with the capacity to take Tamadoge NFT utility to a whole new level. There will be added functionality, upgrades, and exciting features to immerse the community and give several opportunities as they play with their pet Doges.
In addition, the Tamaverse will be accompanied by a dedicated augmented reality app for users to enjoy. Also, it is expected that the Tamaverse will come with extra integrations with other metaverses.
These features give Tamadoge something distinctly lacking in other meme coin projects- true real-world utility! If you don’t have TAMA in your crypto portfolio right now, you’re missing out on a great investment!
A Promising Market Launch
If you need an additional reason to invest in the biggest meme coin on the market today, here it is; Tamadoge launched with one of the biggest presales in recorded history for meme coins. With around $20 million worth of funds raised, Tamadoge literally came into the market with a bang, drawing the attention of investors and market watchers alike.
At the moment, its market value is $0.06+ and is steadily growing. Rather than go the Shiba Inu or Dogecoin route of unlimited token supply, the project has chosen to go with a fixed supply, which should inspire more trust in its long-term viability as a financial asset.
Tamadoge has launched with a bang and is apparently here to perform for the long haul. For a token that only launched in July 2022, TAMA is set for success, as its tokenomics make a lot of practical sense. As a cryptocurrency investor, missing out on Tamadoge is the last thing you should do.
Don’t be left out! Join the growing community and add TAMA to your portfolio today!