Dogami

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Dogami?

Dogami (DOGA) is a cryptocurrency launched in 2021, operating on the Ethereum platform. It is part of an IP-centered Web3 entertainment company backed by industry leaders like Ubisoft and Animoca Brands. The project revolves around a mobile game, DOGAMÍ Academy, where players train and race NFT dogs, earning DOGA tokens in competitive events. The company aims to expand into various media, including merchandise, comic books, and a TV series, with a total supply of 1 billion DOGA tokens.

How is Dogami used?

The crypto Dogami (DOGA) is a utility token with several purposes within the DOGAMÍ ecosystem. It serves as the primary currency, allowing users to purchase add-ons, upgrade, and customize their Dogamí, trade items within the game, buy new dogs, and interact with other players.

DOGA can be earned by competing in PvP races in DOGAMÍ Academy, a Web3 dog racing mobile game. It is also used as a digital voucher to purchase virtual dogs, NFT accessories, and in-game currency called STAR. Additionally, DOGA can be used to pay breeding fees and for merchandise products.

The token also has staking features, where active contributors can accumulate more DOGA by staking on fixed or flexible programs. These staking rewards are sourced from pre-defined, limited reward pools and are promotional in nature.

Furthermore, DOGA is used for governance purposes, where the largest token holders can become representatives of the DOGA Council, which provides non-binding recommendations on product, token distribution, and product design.

How do I store Dogami?

To store Dogami (DOGA) tokens, you have several options depending on your needs and preferences:

  1. Centralized Exchanges (CEX): You can store your DOGA tokens on a centralized exchange like KuCoin. This provides easy access to various investment products and features such as spot and futures trading, staking, and lending. The exchange will securely hold your funds, but you will need to follow their security protocols, including enabling 2FA and completing KYC verification.

  2. Decentralized Exchanges (DEX): If you prefer more privacy and control over your assets, you can use a decentralized exchange. This method involves connecting your wallet to the DEX, buying the base currency, and then swapping it for DOGA. You will need to ensure your wallet is compatible with the network and have enough blockchain native tokens for transaction fees.

  3. Crypto Wallets: You can store DOGA tokens directly in a crypto wallet that supports Dogami. This method allows you to maintain full custody of your assets. Make sure to choose a reliable wallet, download the app, create a new wallet address or import an existing one, and follow the wallet's instructions for buying and storing DOGA.

  1. Hardware Wallets: For added security, you can store your DOGA tokens on a hardware wallet like Ledger. This provides an offline storage solution, protecting your tokens from potential online threats. You can follow tutorials like the one on YouTube to learn how to store DOGA tokens on a Ledger.

Each method has its pros and cons, so it is essential to review and choose the best option based on your specific needs and preferences.

How to buy Dogami?

To buy Dogami (DOGA) tokens, you can follow these steps:

Buy Dogami (DOGA) on a Centralized Exchange
  1. Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports Dogami (DOGA) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.

  2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.

  3. Verify Your Identity: Complete KYC verification, which may require different information based on your nationality and region. This step will give you access to more features and services on the platform.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method. The information required may vary depending on your bank's security requirements.

  2. Buy Dogami (DOGA): You can now buy Dogami (DOGA) using fiat currency if supported. Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for Dogami (DOGA).

Buy Dogami (DOGA) via a Crypto Wallet
  1. Choose a Crypto Wallet: Select a reliable and reputable crypto wallet that supports Dogami (DOGA).

  2. Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.

  3. Create a Wallet: Create a new wallet address or import an existing one if you already have one. Make sure you write down the seed phrase and keep it in a secure place.

  1. Buy Dogami (DOGA): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge.

  2. Swap for Dogami (DOGA): If your wallet doesn’t support direct fiat-to-DOGA purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for Dogami (DOGA) through your crypto wallet or on a decentralized exchange.

Additional Tips
  • Ensure you understand the fees associated with each method before making a purchase.
  • Use a secure and reputable exchange or wallet to protect your assets.
  • Keep your seed phrase and account information secure to prevent unauthorized access.

By following these steps, you can easily buy Dogami (DOGA) tokens and start investing in this cryptocurrency.

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History of Dogami

Dogami (DOGA) is a cryptocurrency token that is part of a larger Web3 entertainment project. The project is backed by prominent industry leaders such as Ubisoft and Animoca Brands, with investments totaling $14 million from notable names in both the gaming and blockchain sectors.

Dogami's ecosystem revolves around creating a Web3 franchise, with its first product being DOGAMÍ Academy, a mobile game where players train and race dogs, participating in competitive events to win DOGA tokens. The project aims to expand beyond gaming, with plans for merchandise, comic books, a TV series, toys, and more.

Dogami has gained significant traction, becoming the largest gaming project on Tezos with over 200,000 community members and 24,000 NFTs sold. The project has since expanded to the Polygon ecosystem, further solidifying its ambitions to become a mainstream IP.

The token's price and market statistics are tracked by various platforms, providing real-time data on its market capitalization, trading volume, and circulating supply. Historical price data is also available for analysis and investment decisions.

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How Dogami works

Dogami (DOGA) is a cryptocurrency that operates within the Dogamí ecosystem, an augmented reality (AR) pet simulator. The game allows users to purchase and raise virtual dogs, interact with them, and participate in various activities to earn rewards in the form of DOGA tokens.

Key Features and Mechanics
  1. Virtual Pets and NFTs: Users can purchase Dogamí NFTs, which represent unique virtual dogs. These NFTs can be bought, sold, and traded within the Dogamí Marketplace.

  2. Bonding and Rewards: The longer users raise and interact with their virtual pets, the faster their bonding progress will be, leading to bigger daily DOGA rewards.

  3. Mini-Games and Competitions: The game includes mini-games like agility courses, obstacle courses, and racing, where users can compete against each other to win DOGA rewards. These mini-games are designed to challenge the quickness and reflexes of the virtual pets.

  1. Tezos Blockchain: Dogamí operates on the Tezos blockchain, which offers low gas prices and faster in-game transactions compared to Ethereum. This allows for smoother NFT transactions and a more scalable project.

  2. Pet-to-Earn Innovations: Dogamí aims to create a new ecosystem where users can earn money while raising and interacting with their virtual pets. This concept combines the enjoyment of virtual pet ownership with financial incentives.

  3. Investors and Partnerships: Dogamí has secured significant funding from prominent blockchain leaders, including co-founders of Ubisoft, Animoca Brands, and The Sandbox, which adds credibility to the project.

Earning and Trading DOGA
  1. Earning DOGA: Users can earn DOGA tokens by participating in mini-games, competitions, and by raising and bonding with their virtual pets.

  2. Trading DOGA: DOGA tokens can be traded on centralized exchanges like KuCoin, where users can buy, sell, and hold DOGA. Users can also use crypto wallets that support DOGA to purchase and manage their tokens.

  3. Using DOGA: DOGA tokens are used within the Dogamí ecosystem to purchase add-ons, upgrade and customize virtual dogs, trade items, and interact with other players.

Overall, Dogami (DOGA) is a cryptocurrency that powers the Dogamí ecosystem, allowing users to engage in a unique virtual pet experience while earning rewards and trading tokens.

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Dogami's strengths

The token Dogami (DOGA) has several strengths that contribute to its potential as a cryptocurrency investment:

  1. Unique Concept: Dogami is a play-to-earn AR mobile game supported by the Tezos blockchain, where players adopt and raise virtual NFT dogs. This innovative concept combines gaming and blockchain technology, offering a unique experience for users.

  2. Strong Backing: Dogami has received significant investments from renowned companies like Ubisoft, Animoca Brands, and XAnge Ventures, which adds credibility and stability to the project.

  3. Governance and Staking: The DOGA token serves as a governance token, allowing holders to participate in community decisions. Additionally, it can be staked for further profits, providing an incentive for users to engage with the platform.

  1. Multi-Utility Token: DOGA has various uses within the ecosystem, including purchasing add-ons, upgrading and customizing Dogami, trading items, and interacting with other players. This multi-utility nature enhances its value and functionality.

  2. Limited Supply: The total supply of DOGA tokens is capped at 1 billion, which can help maintain scarcity and potentially drive up demand.

  3. Growing Community: Dogami has a large and active community, with over 200,000 members and 24,000 NFTs sold, indicating a strong user base and potential for further growth.

  1. Cross-Chain Compatibility: DOGA tokens are available on both the Tezos and Polygon networks, increasing their accessibility and potential for wider adoption.

These strengths position Dogami as a promising investment opportunity with significant growth potential over the next decade.

Dogami's risks

Dogami (DOGA) carries significant financial risks for investors. These risks include:

  1. Loss of Value: The value of DOGA can fluctuate significantly, and there is a substantial risk of economic losses when staking digital assets. Users should not purchase crypto assets with funds they cannot afford to lose.

  2. Regulatory Uncertainty: DOGAMI is not subject to any licensing or authorization requirements under Swiss law, which means regulatory protections associated with financial services, such as investor or deposit protection, are not available to users.

  3. Volatility: DOGA is a high-risk investment with significant volatility. It should only be considered by those with a high tolerance for risk, who are already in a strong financial position, and can afford potential losses.

  1. Market Risks: The value of DOGA can be affected by market conditions, including the performance of other cryptocurrencies and global economic trends. This volatility can lead to significant losses for investors.

  2. Lack of Supervision: As DOGAMI is not subject to specific regulatory supervision, users do not have the same level of protection as they would with traditional financial services.

  3. Information Asymmetry: The crypto market is characterized by information asymmetry, which can make it difficult for investors to make informed decisions about their investments.

  1. Hacking Risks: Blockchain technology and crypto-assets are vulnerable to hacking, which can result in significant losses for users.

Investors should carefully evaluate these risks and conduct thorough research before making any investment decisions in DOGA.

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Did Dogami raise funds?

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Dogami’s team

  • Max Stöckl: CEO of Dogami, who has been instrumental in the project's early success and has spoken about the community engagement and the decision to base Dogami on the Tezos blockchain.

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