Fans of meme coins, perhaps, will be waiting for the release of the tamadoge (SIZE) token with interest, but what is tamadoge? What is tamadoge for? How does tamadoge work? Is there a definition of tamadoge? Let’s take a look and see what we can find out.
Meme Coins and the Metaverse
One of the most notable cryptocurrency sectors in the last two years has been meme currencies. Meme coins are basically crypto tokens that are designed to reflect the immense popularity of dogecoin (DOGE) after it became one of the biggest cryptocurrency talking points in early 2021.
The coin was established, at least initially, as a parody of cryptocurrencies but, during the boom early last year, it stopped being a joke and became something that many crypto investors took seriously.
As a result, coins and tokens like shiba inu (SHIB) were born and when some of them were a success, others followed in their wake, serving more or less as parodies of parodies. Although the popularity of the sector has ended up waning a bit, there are still plenty of so-called dog coins out there, with more and more to come.
SHIB to USD
Another thing that really got a boost in 2021 was the game of Play to Win (P2E), also known as GameFi. This is the idea that a metaverse, in effect a virtual world where people can buy, trade and interact with each other virtually, can involve things like non-fungible tokens (NFT), in effect, the rights to links to individual pieces of digital art.
Games often allow people to earn NFTs by completing challenges, and since NFTs can be bought, sold, and traded, this means the potential exists, though it’s very important to note that this is potential only and not guaranteed. earn money through games.
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What is tamadoge?
One of the most anticipated meme coin releases is the tamadoge meme coin. This token aims to combine the fairly modern nature of so-called dog coins with the potential of things involved in the world of playing to win.
like the system website says: “Tamadoge is barking out the door, becoming one of the most hyped meme coins of all time and pushing the limits of the Play-to-Earn space, to provide a game where people will climb on each other to use.
“Tamadoge (TAMA) is the entry token of the Tamaverse, where you will be able to mint, breed and battle your own pet Tamadoge in the metaverse.
“Tamadoge will give everyone the ability to mint whatever doges they want, and allow users to breed, train, and battle their Tamadoge NFTs to top the leaderboard each month. Over time, the opportunities to play to win will expand to include augmented reality experiences, allowing your NFT to play with your friends in the Tamaverse.”
One thing that might make tamadoge a bit different from other meme coins is that the TAMA cryptocurrency has a named team behind it. Many other dog coins have been created by anonymous or pseudonymous people, so it is worth noting that the team behind the crypto includes older people. block chain developer Siphamandla Mjoligrowth chief carl dawkinsmain game developer Thomas Seabrookfull stack developer Eric Lamontagne and senior interaction designer neil palethorpe.
In terms of what the Tamadoge system actually does, it combines NFT trading with virtual pets. In fact, its name echoes the tamagotchi, the digital virtual pet that was all the rage in the late 1990s. To quote the system White paper: “Tamadoge pets are the core of the Tamadoge project. These tradable and minable NFTs are pets that you can buy with your Tamadoge token. Each Tamadoge Pet is minted as a baby, and each has its own unique stats, strengths, and weaknesses.
“As you feed and play with your Tamadoge pet, you will see it grow over time, and how you care for your pet determines how it grows and matures. Once your Tamadoge pet becomes an adult, it can battle against other players’ pets to become the top Doge on the Tamadoge leaderboard, using the turn-based Tamadoge Battle Arena.
In other words, people can buy their NFTs, watch them unfold, and engage in player-versus-player battles if they want to earn them.
The system will be powered by the platform’s own native crypto token, TAMA, which is based on Ethereum (ETH) block chain. TAMA will be used to purchase items on the network, and people will be able to earn the token by playing and interacting with their Tamadoge NFT.
As for the details of the token itself, there will be a maximum supply of two billion, half of which will be available in a pre-sale. Of the remaining 1 billion TAMAs, 400 million will be unminted and reserved for trading on exchanges, with the other 600 million available for minting over the next 10 years.
When people buy something from the Tamadoge network online store, the platform will take 5% of the TAMA spent and burn it in an attempt to stop the token price from falling. In addition, 30% of the fee will go towards the marketing and development of the platform, and the rest will go towards the system prize pool.
However, Tamadoge says that it does not charge taxes for other transactions in the system, explaining: “We believe that value should be generated from the project itself, and not just from the people who trade the token.
“The whole ethos of tamadoge is centered around the Tamadoge ecosystem, and we don’t want people to lose money when they enter (or leave) that ecosystem. This is why at Tamadoge, we have made a commitment to never tax token transfers. Tamadoge is a token that is used to support the Tamaverse and Tamadoge pets, and this is how it will stand.”
As for the future, Tamadoge was due to announce more details of its presale, which could include the price of the meme cryptocurrency, as well as a partnership with a cryptocurrency exchange, on September 23, 2022. There will also be, at some point in the future , be a fully-fledged metaverse based on the token, as well as a Tamadoge app.
In terms of how to buy tamadoge, the system intends to go through a public listing campaign in the second quarter of 2023.
Before closing, some important points. First off, it’s important to note that metaverse-related tokens in general have lost a lot of value this year, so it might be more of a risk than usual to get involved in one. Second, since the crypto has not been officially launched yet, we do not know what the price of the tamadoge token is or how it will behave.
As always with cryptocurrencies, it makes sense to be careful if you want to invest in TAMA. It is important to note that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what the price of a coin or token will be in a few hours, and even more difficult to give long-term estimates. Analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, such as tamadoge, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis and expert opinions before making any investment decision. Please note that past performance is not a guarantee of future returns. And never trade with money you can’t afford to lose.
Is the tamadoge a good investment?
It’s hard to say at this stage. Much will depend on how the token performs once it appears on the open market, as well as how the market as a whole performs.
Remember, you should always do your own thorough research before making an investment. Even high-cap cryptocurrencies have proven vulnerable to bear markets. Look at the latest market trends, news, technical and fundamental analysis and expert opinions before making any investment decisions. And be prepared to make losses and never buy more than you can afford to lose.
Will the tamadoge go up or down?
It’s hard to tell now. Since the token has not been properly launched yet, we do not know what its price might be, nor do we know how it might react to market events.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether tama is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Please note that past performance is not a guarantee of future returns. And never invest money you can’t afford to lose.
Should I invest in tamadoge?
Whether you should invest in TAMA is a question you will have to answer for yourself. Before doing so, however, you should do your own research and never invest more money than you can afford to lose because prices can go up or down.