Play-to-earn (P2E) game Tamadoge is running riot with its presale – the fourth phase of its TAMA meme coin presale has just ended with a total cumulative raise so far of $6.5 million.
Investors paid for their tokens at the rate of 1USDT for 57.14 TAMA tokens. The price of the TAMA token has now risen to a rate of 1 USDT to 50 TAMA in what is now the fifth phase of the presale.
Tamadoge sold for 1 USDT to 100 TAMA (1 TAMA = 0.01) in the first phase, in which a beta sale of 200 million tokens were made available to the public. Since then there have been successive sale tranches of 100 million tokens.
Half of the tokens on offer in the presale have now been sold.
In total 1 billion TAMA tokens are up for sale, with the price rising on each occasion. TAMA has a total supply of 2 billion, so early bird buyers in the presale are able to purchase a generous 50% of supply.
Tranche prices will keep rising until the price reaches $0.03, equivalent to 3 times the initial beta sale price.
The next price to beat is in the sixth phase when 1 USDT buys 44.44 TAMA.
Meme coins have been outperforming bitcoin
Meme coins have been leading the recent rekindling of buying interest in crypto, as the two largest coins by market cap – Dogecoin and Shiba Inu – both look to develop greater utility for their respective ecosystems.
This is exactly the tack taken by Tamadoge, with the big difference that it is starting with its utility product – a metaverse-enabled P2E game aimed at regular gaming consumers– as its base layer.
Tamadoge rewards players for the dedication and skill they show in nurturing a Tamadoge pet to adulthood, watching it grow in strength and skill level in the process. Alongside this parenting role, pets can also battle each other.
Players are incentivised to keep looking after their pet – and if they don’t, their pet can turn into a ‘Tamaghost’.
Tamadoge is a fun game for the mass market – learning from past P2E mistakes
Engaging gameplay and an accessible and easy-to-understand games concept, show that the team behind Tamadoge has assimilated the lessons learned from other projects.
Revenue is generated by fees paid on transactions in the Tamadoge NFT Petstore, where players buy clothes, food and other necessities and discretionary items for their pets. You can own as many pets as you like, with the individual traits of each Tamadoge pet constituted as an NFT.
Unlike the standard approach of many other P2E games, Tamadoge is deflationary, which will have the effect of supporting the price of its gateway TAMA token.
Tamadoge’s roadmap for adoption start in Q4 2022
By the end of this year the pet store and the battling and P2E leaderboards will be released, according to the roadmap. An augmented reality app will be coming late next year and the project is seeking out partnerships with other metaverse projects early in 2023.
Initial centralised exchange listings will be well underway in Q4 2022, with LBank already confirmed as the first.
Is Elon Musk buying Tamadoge?
There are persistent rumours that P2E game Tamadoge has influential backers as well – maybe Elon Musk?
A recent updating of the website reveals that the highly regarded Thomas Seabrook, formerly of WMS and StarDigital, is the lead games developer a Tamadoge.
He is joined by head of growth Carl Dawkins, previously marketing manager at SocialBlox and Koda crypto.
The mass market appeal and its solid business potential, has seen the presale generate growing traction with crypto investors.
As the crypto winter persists, investors are more acutely attuned to the potential of projects to attract active users and develop revenue streams.
By leveraging the brand power of Dogecoin and the powerful proven mechanics of P2E, Tamadoge is pitching a narrative and growth runway that investors clearly feel is both exciting and realisable.
Buyers move fast to buy token of P2E game Tamadoge before next price rise
More immediately, presale buyers are being drawn by the schedule of price rises, with each new tranche of token sales encouraging buyers who want to secure a lower price.
Presale buyers often see substantial gains when coins coming out of presale debut on an exchange.
Last week we reported on how Battle Infinity listed on Pancakeswap shortly after its presale ended and immediately registered a gain of 700% for its investors.
To contribute to the Tamadoge fundraise, interested parties will need to connect with their crypto wallets, such as MetaMask or Trust Wallet, at buy.tamadoge.io.
The TAMA token can be bought with USDT or ETH.
Tamadoge runs on the Ethereum blockchain, the No.1 decentralised application computing platform.
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