What is Tamadoge?
What is Tamadoge? Tamadoge is a one-of-a-kind hybrid of a meme coin, a play-to-earn (P2E) Metaverse game, and non-fungible tokens (NFTs). The game is centered on digital pets that function as NFTs and the platform’s cryptocurrency, TAMA. All these elements come together in the Tamaverse, a bustling Metaverse where users may meet, hang out, and compete in various tasks.
Tamagotchi is a series of handheld digital pets produced by Japanese toy company Bandai in the late 1990s. Tamaverse, like its predecessor, centers around raising, training, and combating other players’ Tamadoge pets.
These creatures are minted as infants, and users must feed and care for them until they are battle-ready. Users earn Dogepoints for winning battles, which they can use to purchase Tamadoge (TAMA) tokens from the monthly Dogepool.
How does Tamadoge works?
How does Tamadoge works? In terms of the actual functionality of the Tamadoge system, it blends NFT trading with the ownership of virtual pets. Its name is reminiscent of the Tamagotchi, a computerized virtual pet that was quite popular in the latter half of the 1990s.
The Ethereum (ETH) blockchain will be the foundation for the platform’s native cryptocurrency token, known as TAMA. This will be the fuel that drives the system. People can use the TAMA token by playing and interacting with their Tamadoge NFT. It will be utilized on the network as the currency for making purchases of goods and services.
Regarding the specifics of the token, there will be a maximum supply of two billion, of which only one billion will be made accessible in the sale. The remaining one billion will be mined. Of the remaining one billion TAMA, 400 million will not be coined and will be held in reserve for listing on exchanges. The remaining 600 million will become available to be minted over the next ten years.
To stabilize the value of the TAMA token and prevent further price erosion, the platform will consume five percent of any TAMA that is spent in the online shop operated by the Tamadoge network. In addition, thirty percent of the cost will go into marketing and development of the platform, with the remaining money going towards the prize pool that the system will offer.
Tamadoge, on the other hand, claims that it does not impose a charge on any of the other transactions that take place on the system.
How to buy Tamadoge?
How to buy Tamadoge? As one of the most promising new cryptocurrencies to appear on the market, it has already aroused considerable curiosity within the crypto community. The token also benefits from the feeling of a “meme coin,” which helped Dogecoin and Shiba Inu post return in the quadruple digits in 2021.
Keeping this in mind, let’s take a more in-depth look at the process of purchasing Tamadoge, making sure that we cover all facets of the investing strategy so that it goes as smoothly as is humanly possible:
1. Get a wallet by downloading Metamask
Within the Ethereum network, there are various crypto wallets to select from, with Metamask appearing to be the most integrated. Download Google Chrome and the wallet Chrome extension if you use a desktop computer. If you prefer to use your phone, you can download the wallet from Google Play or the iOS App Store if it is available. Ensure you download the authentic Metamask Chrome extension and mobile app by visiting their website.
2. Install the Metamask
Register software and configure your cryptocurrency wallet by using the wallet’s Google Chrome extension or the mobile app that you downloaded in Step 1. You may find the information you need on the support page for the wallet. Be sure to store your seed phrase in a secure location, and make a mental note of your wallet address. It will come in handy later in Steps 4 and 6.
3. Make Ethereum your primary form of currency
After setting up your wallet, you can log in to your Binance account and go to the page where you may buy and sell cryptocurrencies to purchase Ethereum.
4. Move Ethereum from your Binance account to the cryptocurrency wallet of your choice
After you have completed the purchase of Ethereum, navigate to the wallet section of your Binance account and search for the Ethereum you have just acquired. Fill out the necessary details after clicking the Withdraw button. You will need to set the network to Ethereum, then specify the address of your wallet, as well as the amount you wish to send. After clicking the option labeled “Withdraw,” wait for your Ethereum to be deposited into your Metamask wallet.
5. Opt for a Decentralized Trading Platform (DEX)
There are several DEXs available to choose from; all you need to do is check that the wallet you select in Step 2 is compatible with your exchange. For instance, if you use the Metamask wallet to store your cryptocurrency, you can go to 1inch to complete the transaction.
6. Link Your Wallet to Your Account
You will need to utilize the wallet address you obtained in Step 2 to connect your Metamask wallet to the DEX you intend to use.
7. Exchange your Ethereum for the coin you wish to obtain by trading it.
Choose to pay with Ethereum, and then select Tamadoge as the cryptocurrency you wish to acquire.
8. If Tamadoge does not make an appearance, find its Smart Contract
If the cryptocurrency you are looking for is not listed on the DEX, you can visit the website https://etherscan.io/ to locate the smart contract address. After that, you can copy and paste it into 1inch. Watch out for cons and double-check that you have the correct address for the official contract.
9. Apply the Swap
After you have completed the procedures that came before, you will be able to select the Swap button.
Why should you invest in Tamadoge coin?
Why Should You Invest in Tamadoge Coin? Meme coins are popular among retail traders wishing to invest in cryptocurrencies due to their capacity to earn high returns. It is an intriguing prospect, but the token also has numerous advantages. Cryptocurrencies remain extremely popular among crypto enthusiasts despite being volatile investment instruments.
Let’s look at some of the reasons why investors would want to invest in web3 by purchasing Tamadoge:
Exciting opportunities to accumulate rewards
The fascinating P2E mechanics of the project are one of the primary justifications for investing in Tamadoge. In addition to the fact that these game features have the potential to generate profits, the game’s approachable visual style makes it accessible to a diverse group of potential investors.
This is necessary to construct a community that is actively involved and makes the ecosystem approachable for investors of all experience levels. In addition, because TAMA provides its users with incentives, those rewards may be redeemed for additional in-game products, which can then be utilized to enhance the overall user experience.
Utilizes the support of the community provided by DOGE
Those that decided to purchase Shiba Inu in 2021 made significant gains due to the community support that the coin received. There were hundreds, if not thousands, of mentions of Shiba Inu on social media, contributing to the token’s price increasing by more than 1,200% in only a few short weeks.
Because the ecosystem uses the power the ‘Doge’ architecture provides, the team behind it hopes to achieve a result comparable with TAMA.
Incorporation of the Metaverse into the system
The increasing demand for immersive experiences has benefited many of the most effective metaverse platforms. The team working on Tamadoge plans to develop its metaverse platform, which they will call the “Tamaverse.” The requirements of the larger community will shape this platform.
In addition, Tamadoge pets will also be rendered as 3D models, which means they can be integrated into pre-existing metaverse platforms. This idea is fascinating, and though collaborations have yet to be announced, there is no doubt that it will strengthen consumers’ connections with dogs.
The plan for the project will have a significant impact on the pricing of Tamadoge over the course of an extended period. The roadmap it has laid out is exciting, and it contains several strategies that can provide big profits for investors.
These ideas include agreements with other metaverse platforms, listings on a cryptocurrency exchange (CEX), player-to-player (P2P) arcade games, and even the creation of a specialized augmented reality (AR) application.
Integration of the NFT
In conclusion, individuals interested in investing in NFTs can do so within the Tamadoge ecosystem because all of the pets (as well as the in-game stuff) are organized as NFTs. The Tamadoge shop serves as a venue for trading these NFTs; the Tama cryptocurrency serves as the native currency.
There are plans to sell a wide variety of things to users of the app, such as supplemental supplies and food for the dogs that users have created. In addition, players can purchase additional pets from the in-game store, and there will be no cap on the total number of dogs a single user can have.
It is essential to remember that cryptocurrency markets continue to be highly unpredictable. As a result, it is challenging to precisely forecast the price of a coin or token in a few hours, and it is even more challenging to provide projections for the long term. Analysts and algorithm-based forecasters can get their predictions wrong, and this does happen.
If you are considering investing in cryptocurrency tokens such as Tamadoge, we strongly advise you to research before making any decisions. It is essential to analyze the most recent market trends and news, as well as fundamental and technical analyses and the opinions of industry professionals. Remember that the performance of the past does not guarantee future returns. In addition, you should only trade with money you can afford to lose.
The use of cryptocurrencies in gaming is at the forefront of a broader economic and digital transformation. We are a team of gaming product experts with over ten years of industry experience at Lunar Sky Games. We collaborate with web3 firms to help them build and scale their products. We help turn your vision into a reality. Contact us right away to schedule a consultation.