One of the most promising cryptocurrencies of 2022, Tamadoge (TAMA), is a play-to-earn metaverse platform that allows users to earn in-game rewards and leverage NFT protocols.
Tamadoge (TAMA) is the native cryptocurrency and utility token of Tamaverse, a decentralized project that implements exciting web 3.0 features on gaming platforms through blockchain technology. The cryptocurrency is currently available for purchase and has raised over US $ 1.750.000 during its ongoing beta presale.
Investors can buy TAMA until September 2 for only $ 0,01 per token. Thereafter, the price will increase by 25% until the end of the fourth quarter of 2022. The project expects to reach the hard cap of the pre-sale beta of $ 2 million and to raise more than $ 10 million through the pre-sale round. .
One of the best cryptocurrency projects, Tamadoge will be available in the future on the centralized exchange (CEX) LBank and the decentralized exchange (DEX) Uniswap. As we have seen with popular meme tokens, we can expect high trading volume and upward price movement once the tokens are available on global exchanges.
Will Tamadoge make Dogecoin's leap in quality?
Dogecoin is one of the largest meme coins, with a market cap of over $ 9 billion. In 2021, DOGE rewarded investors with a return on investment close to 7.000%. Can TAMA replicate Dogecoin's success and become the next cryptocurrency to explode?
Primarily, Tamadoge aims to be one of the best metaverse games that provide community members and gamers with real utility. Players travel to TAMA to purchase virtual items and receive rewards in the Tamaverse. Therefore, the success of the P2E platform will lead to greater demand for the token.
Dogecoin did not provide real use cases for community members. Most of his success has been his affiliation with Elon Musk, Tesla's chief executive. In addition to social media support, Elon Musk offered DOGE as a payment method for purchasing Tesla products. However, Dogecoin has lost 90% of its market cap since 2022.
Tamadoge also offers deflationary tokenomics, making it a potentially favorable token over DOGE. Since its launch, Dogecoin has increased its token offering from 100 billion to 132 billion.
However, TAMA will have a maximum supply of 2 billion tokens. Aiming to be a deflationary asset, Tamadoge will burn 5% of all tokens spent in the ecosystem. Therefore, the goal is to reduce the overall supply in the long run. Popular cryptocurrencies, such as Bitcoin, offer similar tokenomics to promote an increase in demand over supply.
Interoperability between NFT and Metaverse
The main feature of the Tamadoge platform is the P2E features and functions available to gamers. The platform offers Tamadoge pets, which are virtual dog-like avatars that can be created, raised and traded in the Tamaverse ecosystem.
Each Tamadoge pet will be coined as NFT (non-fungible tokens) through the smart contract functionality. Platform members can purchase Tamadoge pets using TAMA from the Tama store. Virtual items will have individual characteristics, advantages and weaknesses.
Players can use these items to compete with other community members and earn points on a monthly leaderboard.
The top finishers will be rewarded with in-game rewards through TAMA tokens. In fact, 65% of all spent tokens will be redistributed among the P2E prize pools to the winners. In this way, community members can access P2E capabilities, NFT investment opportunities, and a solid digital asset to invest in through the Tamadoge platform.
