Crypto whales are known to rush into opportunities that offer them huge returns on their investments. What are they buying this time around? After the current crypto market crash persisting since June, users appear to be looking for the best meme crypto to purchase. Tamadoge, a new token seems to be gaining popularity among the whales.
These high-net-worth investors are aiming to acquire TAMA – a new NFT project that is designed with the intention of changing the gaming industry by introducing decentralized finance (DeFi) protocols.
Why Is Tamadoge Gaining Attention Of Memecoin Whales?
Here are some of the main reasons why Tamadoge is gaining attention among the whales this year.
On July 25, 2022, TAMA launched its beta presale phase. Investors can purchase Tamadoge for $0.01 per token, with a minimum purchase set at 1,000 tokens ($10). To buy TAMA, users can buy ETH or USDT and then change their crypto holdings into TAMA coins. On the flip side, users can acquire TAMA with fiat currency through various credit/debit card payment strategies. The TAMA coins are available for purchase on buy.tamadoge.io.
Early investors had already bought over $100,000 of TAMA in the first two weeks of the Tamadoge beta sale. The low token price can possibly make TAMA one of the best low-cap crypto gems to purchase in 2022.
Another major benefit of purchasing Tamadoge is that it strives to be a deflationary token. For instance, coins like Shiba Inu and Doge are not inflation-proof – because they offer an increase in the number of tokens supplied over time.
Dogecoin (DOGE) has increased its total supply cap from 100 billion to 132 billion, making the supply increase compared to the demand. On the flip side, TAMA offers a dropping token supply over time. First, TAMA has a maximum supply of 2 billion tokens.
Furthermore, 5% of all TAMA tokens spent on the platform will get burnt. That strategy will guarantee that the total number of tokens reduces over time, which increases the demand in the long term. Thus, the developers hope that the token can increase in value and possibly offer investors to earn higher returns.
No Transaction Tax
Another notable feature of the Tamadoge cryptocurrency is that it does not charge any transaction tax to the users who sell, buy, and trade the tokens. For instance, most crypto networks will take a cut from the users’ transactions to maintain the rest of the network.
Nonetheless, the TAMA developers say that the network itself will generate revenue. This is expected to benefit the ecosystem users since they can retain a higher amount after their transactions are completed.
One of the key weaknesses of meme coin investments is their long-term stability. While Ethereum and Bitcoin experience price corrections, they have always delivered profits in the long term. Nevertheless, meme coins experience quick pump and dump movements, making it a risky bet.
The unique feature of TAMA is that it is well-positioned as both a meme coin and a utility token. It works as the Tamaverse – the P2E ecosystem where the users can earn various in-game rewards. Players are allowed to buy Tamadoge pets – which are distinct NFT avatars. They are used in competition against the other players to earn TAMA tokens from P2E prize pools.
TAMA is also a form of payment used to buy these NFTs from the Tama store. Thus, there is long-term utility potential in the token. With the developers’ plans to list these tokens on many crypto exchanges, users can acquire TAMA now and hold it for the long term. Hence, TAMA seems to be gearing up to become one of the best and most popular utility tokens in 2022.
Future Roadmap Plans
Finally, a good crypto investment consists of researching the project and its plans. Most of the whales will see TAMA as a great investment opportunity due to the promising updates the ecosystem will strive to deploy.
First, TAMA is projected to get listed on most of the major decentralized (DEX) and centralized exchanges (CEX). For instance, a notable DEX, TAMA will get deployed on the popular CEX – LBank and Uniswap.
Besides the web-based P2E platform, Tamadoge is also aiming to release an Augmented-Reality (AR) by the end of Q4 2022. The app will retain the play-to-earn dynamics as the web-based platform but gives easier access to Tamadoge. With many new metaverse apps coming up, this can possibly become one of the best NFT apps in the market.
Next is the ecosystem’s plans for a forthcoming P2E arcade – which will consist of many Tamadoge – related games and physical Tamadoge rewards for the players.
What Is Tamadoge?
Tamadoge (TGAMA) is the native crypto and utility token of the Tamaverse. The decentralized crypto project is set to host several P2E gaming features, enabling the players to earn various rewards while participating in community-driven competitions.
Tamadoge pets are at the core of the P2E universe – since these nonfungible token avatars can be purchased, developed and bred to participate in games. Users will battle other members and compete for points on a monthly leaderboard to earn TAMA from different “dogepools”.
Apart from acquiring Tamadoge pets, users can purchase items like accessories and foods that can be used on their NFT pets. All of these items will be bought with TAMA, and the tokens collected will get split among three pools.
First, 5% of the tokens spent will be burnt to increase the demand against the supply. Secondly, 30% of the tokens will be utilized for marketing purposes so that the platform gains social media presence and becomes highly mainstream. Finally, 65% of the tokens that are spent are re-distributed to the play-to-earn prize pools and given to the top performers on the Tamadoge platform.
A Closer Review At Tamadoge
Besides offering several P2E features and NFT-centered protocols, the TAMA token shows some strong tokenomics. TAMA is trading for beta presale for just $0.01 per token. The Tamadoge team has made 50% of the Total supply available for the first token round.
20% of the total token supply has been reserved for future listings on centralized and decentralized exchanges, including UniSwap and LBank. The other 30% will be made available in the coming 10 years through minting operations.
Today, the Tamaverse is just at its infancy stage. Apart from these Tamadoge pets, the metaverse environment envisions a place for many AR-based apps, exciting some earning opportunities with arcade games and virtual dog parks in the plans for the future.
Their official Telegram is t.me/TamadogeOfficial where many other future airdrops will be announced. The beta sale ends on September 2, 2022.