The next 1,000 Tamadoge NFT Pets are now on sale via Dutch auction at OpenSea.
The first 100 Ultra-Rare Tamadoge Pets sold out last week, raising more than 250ETH and becoming the top trending collection on OpenSea after the auction closed.
Those Ultra-Rare pets boasted boosted stats over the other 21,000 pets in the collection, while this Rare collection will have stronger stats than the 20,000 common Pets that will be released later in the month.
With a starting price of 5ETH, the Dutch auction is lasting just 48hrs.
A Dutch auction is a method of sale that starts with a set price that falls at allotted time intervals – the rare pets get cheaper by 3 or 4 cents per second – which equates to $110 to $140 per hour (also dependent on the price of ETH).
However, while many are tempted to wait until the price falls to its lowest point to enter the auction, that is when the most bidding occurs – and often means investors can miss out.
Buying earlier means investors secure their asset, albeit at a slightly higher price.
One investor moved very quickly to secure Tamadoge #666 – buying for 4.604ETH – while another bought Tamadoge #613 for 3.925ETH.
The Dutch auction is set to end on Wednesday, October 19 at 3pm UTC.
What are Tamadoge Pets?
Tamadoge Pets form the center of the Tamaverse, the ecosystem that incorporates the meme coin TAMA and combines play-to-earn gaming with NFT ownership.
Owners of the pets will be able to feed, treat and play with their Pets in a game based on 90s craze Tamagotchi.
When the pets become adults, they can then do battle against other players for the chance to move up a global leaderboard and win prizes.
There will also be other arcade games in the ecosystem, with the project releasing screenshots of another game – Enter the Tamaverse – to much excitement last week.
The platform game drew fond memories of popular side-scrolling games such as Sonic the Hedgehog and Mario.
Pets will also have value on the secondary market and are already returning good value for Ultra-Rare investors.
The floor price for the collection is currently 5.99ETH with just five of the collection listed below 88ETH,
Tamadoge #1 also sold for 11ETH (approx $14,500) in the early hours of Tuesday, returning a 146% profit for the original buyer.
Furthermore, the gaming ecosystem also feeds back into the strength of the meme coin TAMA.
What is TAMA?
TAMA is a deflationary meme coin that has become one of the top tokens in that category since its launch at the end of September.
It pumped nearly 2,000% from its presale price after listing and despite a retraction in price is sitll the third-largest meme coin by trading volume, trailing only DogeCoin and Shiba Inu.
That puts it above trending meme coins such as RichQuack, BabyDoge and Floki Inu.
TAMA’s price is positively affected by the Tamadoge gaming ecosystem.
To feed, treat and grow pets, players will have to spend TAMA in the Pet Store to buy digital assets such as food and toys.
With each transaction there is a 5% transaction fee that sees TAMA burned – making it deflationary.
The coin already had a small supply for a meme coin – 2 billion – compared to the likes of DOGE (130 billion) and SHIB (550 trillion), meaning it will take a much smaller market cap to reach that magic $1 mark.
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