Play to Earn (P2E) game Tamadoge led one of the fastest cryptocurrency fundraisers this year, completing 70% of the pre-sale, raising $10 million from eager investors in less than a month.
At the time of writing, $10.62 million has been raised, exceeding the $9.2 million raised by the NFT STEPN app on Binance Launchpad and its private sale. FTX has made a great contribution to private sales.
In the current (sixth) phase of the Tamadoge presale, which will close soon, the price of the TAMA token is 1 USDT per 44 TAMA. When $10.75 million is raised, the price of the token will change to 1 USDT for 40 TAMA, which will be the seventh stage of the presale.
USDT is the ticker symbol for the stablecoin Tether, so named because its value is stably pegged (1:1 ratio) to the US dollar, backed by reserves of cash and cash equivalents.
Who needs venture capitalists when you can pre-sell?
The TAMA token sale took less than a month to raise $10 million. From the point of view of project developers, this is a much more effective way to raise funds from investors than the venture capital route.
From the investor’s point of view, it is also a more transparent and open process than the venture capital and private equity path, which dominates early stage investment and excludes people with relatively small amounts to invest.
Only 30% of the pre-sale distribution of TAMA tokens remains.
Seven hundred million tokens were sold out of a total of one billion available during the presale, with the price increasing for each subsequent tranche of tokens. The total supply of TAMA is 2 billion.
There are less than 30% of pre-sale tokens left to buy, and the supply is rapidly depleting.
Tamadoge was priced at 1 USDT/100 TAMA (1 TAMA = 0.01) during the initial beta sale, during which 200 million tokens were sold. Several tranches of 100 million tokens have since followed.
The price of the token continues to rise until it reaches $0.03, which is equivalent to x3 of the beta sale price.
After the price of 40 TAMA (seventh phase), 1 USDT can buy 36.36 TAMA (eighth phase). In the ninth and final leg, the price moves towards $1, allowing you to buy 33.33 TAMA.
Who are the mysterious patrons of Tamadoge?
While the exact identities of those who make up the Tamadoge team have yet to be revealed, two members are known to be British.
Two weeks ago, the Tamadoge website reported that Thomas Seabrook, formerly of WMS and StarDigital, was the project’s lead game developer, while Carl Dawkins, former marketing director at SocialBlox, was in charge of Tamadoge’s growth.
Elon Musk, the famous Shiba Inu lover who has done so much to inspire the cryptocurrency meme industry, is he one of the project’s mysterious backers?
GameFi ‘Least Affected by Bear Market’ – Will Tamadoge Be the Next Crypto Meme to Explode?
Even though the cryptocurrency winter saw valuations drop in the digital asset space, blockchain gaming, sometimes referred to as GameFi, was the sector “least affected by the bear market,” according to data compiled by website DappRadar data and analysis.
Tamadoge is creating a platform where players are rewarded for raising their Tamadoge pet from baby to adult.
Each animal is represented by the NFT and has unique characteristics. Leaderboards, in which animals compete for climbing, will be posted online before the end of the year. Another novelty, animals can also compete.
Tamadoge will also launch a gaming arcade game with many pet winning games.
In addition, the team plans to explore partnerships with Metaverse platforms early next year.
A full-fledged augmented reality application will be launched next year.
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