Tom Sheen
Crypto price analysts are expecting Tamadoge’s native TAMA token to surge in price after its initial exchange offering (IEO) was announced for next week.
TAMA, which sold out its presale in less than eight weeks and raised $19 million to huge social media hype, will list on OKX on September 27.
Despite general bearish sentiment existing in the market for much of 2022, Tamadoge’s presale continued to attract investors in August and September, with two crypto whales even making late entries ahead of listing.
Two transactions that were tracked just hours before the presale close saw purchases of 55.8ETH and 40ETH, respectively.
The presale was also one of the most successful ever in the crypto space – even outperforming Ethereum’s own presale from 2014, which raised $14 million.
TAMA to list on OKX
After much anticipation in the crypto community about which exchange would list TAMA first, the project revealed that OKX will hold its IEO having struck an exclusivity deal.
OKX is the second-biggest exchange in the world by volume, according to CoinGecko, trailing only Binance.
#NewListing Announcement
We Are Proud To Announce That @okx Will Be The ONLY Primary Exchange To List $TAMA!
Listing Date ️ Tuesday, 27th Of September
Listing Time ⏰ 12pm BSTSign Up Now!- https://t.co/6UigD4Xq2d #memecoin #crypto #listing #okx pic.twitter.com/06q2FqiVyG
— TAMADOGE (@Tamadogecoin) September 23, 2022
The exchange attracts more than $2 billion in transactions every day and holds 624 pairings.
Tamadoge and OKX revealed that TAMA will be open for spot trading from 11am UTC on Tuesday, September 27, with withdrawals open from 1pm.
OKX has its own DEX
While OKX is a centralized exchange (CEX), it may not be open for registration for some investors depending on location.
For those unable to register, OKX also has its own decentralized exchange (DEX) where TAMA will also be tradeable.
The DEX listing will go live at 5pm UTC on the same day, September 27.
Reasons to be Bullish on Tamadoge
Tamadoge is expected to perform extremely well at IEO given the success of its presale and the hype currently around the project.
As mentioned above, Tamadoge enjoyed a highly successful presale that saw it sell out way ahead of schedule with $19 million raised in less than eight weeks.
The project has a singular USP given that it’s not only a meme coin but one with utility that should ensure long-term success.
Play-to-Earn Gaming and NFT Ownership
While meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) exist with very little utility, TAMA will be the native token for the wider Tamaverse that covers play-to-earn (P2E) gaming and NFT ownership.
Holders of TAMA will be able to mint NFT pets at the end of 2022 and, like in the style of 90s craze Tamagotchi, feed and care for those pets to grow them into adults – the pets will be unique and fully tradeable themselves.
Digital treats, toys and food can be bought with TAMA in the pet store to grow the pets, which will then do battle against others for a chance to move up a global leaderboard and win rewards and prizes.
The 3D pets will eventually be able to go out into the real world when an augmented reality app is released later in the roadmap, while other P2E arcade games are also set for release, with the project promising early looks and sneak peeks of the game very soon.
Strong Tokenomics
Another advantage TAMA has over the likes of DOGE and SHIB is its much stronger tokenomics, which make reaching that magic $1 mark much more likely.
DOGE, as founder Billy Markus has stated multiple times, was never intended to be a coin to hold and use as an investment vehicle.
It was original founded as a joke peer-to-peer currency and has an ever-inflating supply to reflect that.
DOGE has a current circulating supply of 130 billion, which increases by 5 billion annually, and no max supply.
That means for DOGE – currently trading at $0.06 – to ever reach $1 it would need a market cap of $130 billion – only Bitcoin and Ethereum boast a larger total market cap.
SHIB has an even larger circulating supply of around 550 trillion and is fixed.
It is virtually impossible for SHIB to reach $1 and even for SHIB to reach $0.01 it would need a market cap of more than $5 trillion, to put that into context the entire crypto space is currently valued at less than $1 trillion ($920 billion).
TAMA on the other hand has a strict max supply of only 2 billion tokens and is also deflationary, with 5% of all TAMA used in pet store transactions permanently burned to regularly decrease supply.
That means for TAMA to reach $1 it would need a market cap of a maximum $2 billion – large but much more attainable than DOGE or SHIB.
Tamadoge Security and Community
Investing in initial coin offerings and initial exchange offerings can often feel like a risky venture, especially given the amount of scammers that operate in the crypto space.
However, Tamadoge has taken numerous steps to ensure peace of mind for investors.
Ahead of the presale the smart contract was audited by Solid Proof and the team was KYC verified by CoinSniper.
The team has since been doxxed (made public), with Carl Dawkins the project’s Head of Growth, Thomas Seabrook the Lead Game Developer, Siphamandla Mjoli the senior blockchain developer and Neil Palethorpe the Senior Interaction Designer,
Eric Lamontagne has also just been announced as the Web3 Full Stack Developer.
Carl Dawkins regularly hosts YouTube AMAs with the community and is active in the project’s Discord and Telegram groups.
Like any good meme project, Tamadoge is also focused on growing its community and is currently holding a $100,000 TAMA token giveaway for holders who complete a series of simple tasks such as following social media channels or Tweeting about the coin.
Tamadoge Price Prediction and Conclusion
Tamadoge combines a number of key growth areas in the crypto space that could see it rocket up in price in the short term after listing and in the longer team as the project develops.
We’ve already named it the best coin to invest in for 2022 and given Tamadoge’s presale success and the buzz around the coin, the IEO should draw huge attention upon launch on September 27.
That it’s being launched on the second-biggest exchange should only help the price to move higher.
Play-to-Earn gaming and NFT ownership are two areas experts believe will see exponential growth in the coming decade, with Tamadoge combining both.
Many investors get into the space to find low cap gems that can return 100x gains and as a meme coin, TAMA has that potential.
However, it also employs clever tokenomics that means it will not take unobtainable amounts of money and volume to see huge gains.
Related
- Tamadoge to List on Tier One Exchange OKX in IEO of the Year for 100x Returns
- 3 Reasons Crypto Prices Are Bouncing Back
- Crypto Whale Buys 55.8 ETH of Tamadoge Tokens to End Presale
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption
This article was written for Business 2 Community by Tom Sheen.
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