Memecoins were launched with the intent to be a joke. What started with Dogecoin was further continued with the launch of Shiba Inu and other cryptocurrencies on similar lines.
As meme coins storm the crypto markets, each launch is coming in a newer set of functionality and problem-solving features. The added element of utility in meme coins has allowed them to be more than just a popularly phenomenon.
One such recently launched cryptocurrency is Tamadoge. With an intention of combining the mass appeal of meme coins and the utility of crypto projects, it is taking on the meme coin segment quite effectively.
What Makes Tamadoge Stand Out?
Tamadoge launched in July 2022. The cryptocurrency has its beta presale event going on, till 2nd September 2022 at a discounted price. As of publishing this article, the beta presale has raised 64,970.71 USDT, before the prices increase by 25%.
Investors can buy directly using their cards or can use USDT or ETH already in the wallet.
Once the presale ends, the users can claim the purchased Tamadoge using the claim page.
However, there are a few reasons which make Tamadoge stand out from the rest of the meme coin.
1. No Transaction Tax
Transaction taxes are basically the taxes imposed by crypto projects, which involve the projects taking up a percentage of the tokens that are bought, sold or transferred.
Tamadoge has decided to do away with this model. The team at Tamadoge believes that the project should have a real value associated with itself, rather than just from the people trading the token.
2. Added utility as a meme coin
Tamadoge is working towards providing an added utility to otherwise utility-lacking meme coins. With its efforts in the Play-to-earn industry, Tamadoge has been continuously providing newer and better functionalities to its users.
For instance, Tamadoge Pets and the Tamadoge NFTs are a vital part of the Tamaverse, that’s going to launch later, as per Tamadoge’s roadmap.
Tamadoge will include a virtual reality space called the Tamaverse. This virtual reality space, called the Tamaverse, will involve characters and elements related to the Tamadoge universe, such as Tamadoge Pets and NFTs.
The project is partnering with entities to allow users to walk and train their Tamadoge NFTs in the Tamaverse and more such functionalities.
Memecoins are infamous for having a bizarre number of token supplies. For instance, around 549 trillion Shiba Inu coins exist currently. Similarly, there are 420 quadrillion Baby Doge tokens, of which 125 quadrillions have been destroyed. Similarly, FLOKI has a total token supply of 10 trillion tokens.
This is where Tamadoge has been able to stand out. Tamadoge positions itself as a deflationary token. Right from the beginning, the cryptocurrency has a predefined max cap of 2 billion. Moreover, for every Tamadoge store purchase, 5% will be burnt using the burning mechanism.
Adding on, 30% of the tokens spent will be used for marketing and development, whereas the remaining 60% will go into the prize pool.
Tamadoge’s website will be accompanied by a mobile app for its users.
The Tamadoge mobile app will facilitate users looking after their Tanadoge pet and checking in on the pet to ensure that it’s doing okay. The mobile app will have social sharing features to create a sense of community too. The Tamadoge app will be an exciting addition to the overall functionality of the Tamaverse.
It will be designed for users to stay close to their Tamadoge pets at all times.
6. Revitalising P2E
The Tamadoge platform will also feature a Tamadoge battling arena. This is somewhat in line with Axie Infinity. This would allow Tamadoge pets to battle one another for experience points.
The highest earner in this gameplay would be the top Doge on the Tamadoge leaderboard for the week. The winner will get the rewards in the play-to-earn (P2E) pool set for the week.
Conclusion: Are Memecoins Relevant Now?
When meme coins began as a phenomenon, they mostly piggybacked on pop culture and mass appeal. However, as the crypto world evolved many meme coins have been able to evolve themselves accordingly.
FLOKI for instance is coming up with its own set of utilities such as charitability. The same goes for Tamadoge.
From being known as a volatile investment option, to come up with increased utility, meme coins are coming up to be a reliable option, with an added element of security.
While it is always recommended to conduct your own research and due diligence before investing, meme coins such as Tamadoge do provide an interesting incentive to diversify your investments.24
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