Tamadoge, a new meme coin, was backed by over $1,000,000 in investments in the first three weeks of the beta pre-sale about 5 months ago. The project, which blends Metaverse, NFT and P2E games, creates new excitement for crypto market.
Utility Meme Coin
The project has positioned itself as a utility-oriented meme coin. This situation stands out as a rare situation in the industry. In the past period, careless investors have suffered quite a lot from meme coins that do not have any utility, and meme coins are now viewed as taboo.
Tamadoge has been touted as an upcoming ‘Play and Earn’ meme coin and has signed one of the pre-sales that attracted attention during its period. Although only a few weeks old, Tamadoge has been approved by KYC from CoinSniper and audited by Solid Proof, demonstrating the transparency and security commitment of the project to its investors.
Tamadoge was designed as a P2E game, which in essence focuses on collecting, fighting and training 3D animated Tamadoge pets. Every pet will have a place in the Tamadoge Metaverse J
Pets will become mintable in this quarter of 2022, and access to the Tamadoge web application will be provided during the same period. In line with Roadmap, Tamadoge will soon launch a mobile app that will provide augmented reality capabilities that allow players to bring their ‘Tamadoge pets’ to life and see them in the real world.
Similar to a Tamagotchi(tamagotchi.com), NFT-based pets in Tamadoge can be given food, toys or cosmetics to increase their stats and level up. If left unattended for too long, a Tamadoge pet can Tamaghost by passing away.
Attention Casual Game Fans
Even the best games of the P2E ecosystem are clogged with boring and unnecessarily complicated mechanics of earnings. It has been experienced by other projects that it is quite difficult at this complexity to involve noob players who want to be included in the ecosystem in a new project. Even Axie Infinity, one of the biggest P2E games, suffered from this problem, which led to a decrease in the number of players. However, Tamadoge is confident that they will not suffer the same fate. Instead of finding the most efficient monetization strategies, the team says it has created a system that rewards users for actually playing the game.
Adopting a “play and win” approach, Tamadoge aims to be much more accessible than many other P2E games. It is also another of its goals to reach a much larger potential audience, which will likely increase both the number of players and the demand for the TAMA token.
Tamadoge Tokenomics
Unlike meme coins like Dogecoin, which usually have an unlimited supply, Tamadoge has opted for a fixed supply of 2 billion tokens and has tried to adopt a deflationary model that will help keep prices strong in the long run.
Of these 2 billion tokens, 1 billion (50%) were distributed to investors in the pre-sale round, 600 million (30%) will be released gradually over 10 years to fund the continued development of the project, and 400 million (20%) will be used to provide liquidity to exchange listings.
Tamadoge hit the market with a two-stage pre-sale. In the first pre-sale, a beta pre-sale was held, where tokens will be sold for $ 0.01 with an upper limit of $ 2 million. Then, the general pre-sale was launched, with the cost of the TAMA token increasing by 25% to $ 0.0125. 2. The target for the pre-sale round is $ 8 million.
The team (unfortunately we can’t see them on their website) has been transparent about how the revenue from the Tamadoge store will be distributed. 65% of the revenue will be used to fund the P2E prize pool and will be distributed among players each month, 30% will be used to fund consistent marketing and development operations, and the remaining 5% TAMA will be burned to curb inflation.
In summary, although it is a project that leaves a question mark in the minds because it has a tokenomics that distributes 50% of the collected supply in the pre-sale, it may be useful to follow the project closely because of the excitement wave it creates on the market.
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