Tamadoge

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Discover Tamadoge's fundamentals and latest news.

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 Tamadoge?

Tamadoge (TAMA) is a cryptocurrency built on the Ethereum blockchain, classified as a "memecoin" similar to Dogecoin. It combines elements of NFT trading with virtual pets, allowing users to acquire, nurture, and battle pets within the metaverse. The native token, TAMA, serves as the medium of exchange for all transactions within the Tamaverse ecosystem, which includes a virtual pet marketplace and play-to-earn blockchain gaming features.

How is Tamadoge used?

Tamadoge (TAMA) is the native token for the Tamaverse, a play-to-earn (P2E) and NFT metaverse built on the Ethereum blockchain. The token has several key uses within the ecosystem:

  1. Purchasing Tamadoge Pets: TAMA is required to buy Tamadoge pets, which are NFTs that can be nurtured and used for battles and quests in the metaverse.

  2. NFT Marketplace: The token is used to purchase items such as toys and food from the pet store to nurture these NFT pets.

  3. Gaming and Rewards: TAMA is used to participate in arcade games and earn rewards within the platform.

  1. Staking: Users can stake TAMA to access various features and modes within the platform.

Overall, TAMA serves as the central currency for all transactions and activities within the Tamaverse, enabling users to engage in a variety of activities and earn rewards.

How do I store Tamadoge?

To store Tamadoge (TAMA) tokens securely, it is recommended to use a cryptocurrency wallet. There are two types of wallets: software wallets (also known as hot wallets or digital wallets) and crypto hardware wallets (also known as cold wallets).

Software wallets are connected to the internet and are less secure, while hardware wallets allow you to store your crypto keys in a secure and offline manner. Ledger is a highly secure crypto hardware wallet for storing cryptocurrencies. Each hardware wallet comes with a seed phrase, which acts as a key to unlock the wallet and transfer its contents between devices. For added security, it is best to store the seed phrase in a physical form, such as metal seed phrase storage solutions, to protect it from being lost or destroyed.

How to buy Tamadoge?

To buy Tamadoge (TAMA) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy and reputable cryptocurrency exchange that supports TAMA purchases. Popular exchanges include Coinbase, Binance, MXC, Gate.io, and OKX. Research the exchange's reputation, read user reviews, and compare fees to find the best option for you.

  2. Create an Account: Sign up for an account on the chosen exchange by providing necessary information, including your email address and a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete the Know-Your-Customer (KYC) verification process, which may require providing identification documents and other personal information. This step is crucial for accessing more features and services on the exchange.

  1. Add a Payment Method: Set up a payment method, such as a credit/debit card, bank account, or third-party payment service. Follow the exchange's instructions to add your preferred payment method.

  2. Buy TAMA: Navigate to the exchange's Buy & Sell section, select TAMA as the cryptocurrency you want to purchase, and choose your preferred payment method. You can buy TAMA directly with fiat currency or first purchase a popular cryptocurrency like USDT and then exchange it for TAMA.

  3. Transfer TAMA to Your Wallet: Once you've purchased TAMA, you can either hold it in your exchange account or transfer it to a personal cryptocurrency wallet, such as MetaMask, for additional security and flexibility.

Alternatively, you can also buy TAMA through a decentralized exchange (DEX) by connecting your crypto wallet and swapping your holdings for TAMA.

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History of Tamadoge

Tamadoge (TAMA) is a meme coin blockchain project that launched its presale in September 2022. The project aims to become the number one meme coin by combining concepts such as the metaverse, play-to-earn (P2E) blockchain gaming, and non-fungible tokens (NFTs).

Tamadoge is part of the Tamaverse, where users can create, buy, breed, care for, and interact with virtual pets, which are represented as NFTs. These pets can be sold, bought, and exchanged in the NFT store, and all transactions are carried out using the TAMA token.

The project's name is inspired by the Tamagotchi, a popular virtual pet toy from the late 1990s. The team behind Tamadoge includes named developers and designers, which sets it apart from some other meme coins that have anonymous or pseudonymous creators.

Tamadoge tokens can be traded on both centralized and decentralized exchanges, with popular options including MEXC, Uniswap V3 (Polygon), and Gate.io. The token's market capitalization and fully diluted valuation are calculated based on its circulating supply and maximum supply, which are 1.4 billion and 2 billion TAMA tokens, respectively.

In terms of price performance, Tamadoge has experienced significant fluctuations. It reached an all-time high of $0.20 and has since declined, with recent prices around $0.0025 to $0.0073 per TAMA. The token's trading volume and market capitalization have also seen significant changes over time, reflecting the dynamic nature of the cryptocurrency market.

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How Tamadoge works

Tamadoge (TAMA) is a cryptocurrency built on the Ethereum blockchain, operating as an ERC-20 token. It is designed to be more than just a trading instrument, offering functional depth and real-world utility within the Tamaverse ecosystem.

Key Features and Uses of TAMA
  1. Play-to-Earn (P2E) Gaming:

    • TAMA is used to play arcade-style games within the Tamaverse, where players can earn TAMA tokens by achieving high scores and competing in battles with other players.
  2. NFT Trading and Management:

    • Tamadoge pets are represented as non-fungible tokens (NFTs) that can be bought, sold, traded, upgraded, and enhanced using TAMA tokens without incurring transaction taxes.
  3. Reward Token:

  • TAMA is used as a reward token, incentivizing players to buy NFTs and participate in games, thereby building a community around Tamadoge.
  1. Transaction Token:
    • TAMA serves as a transaction token, allowing users to purchase items within the Tamaverse ecosystem, including the mobile app.
Tokenomics and Supply
  • Maximum Supply: The total supply of TAMA is capped at 2 billion tokens.
  • Presale and Unlock Period: Half of the supply was available in a presale, with 30% allocated to a 10-year unlock period for project development and the remaining 20% designated for the exchange pool.
  • Token Burning: A 5% fee is levied on purchases, with the platform burning this amount to reduce the token supply and prevent price drops.
Ecosystem and Development
  • Tamaverse: The project aims to create a comprehensive metaverse where users can interact, compete, and conduct transactions using TAMA tokens.
  • NFT Store: The platform features an NFT store where users can buy, sell, and trade Tamadoge pets, which are represented as NFTs.
  • Gaming and Battles: Users can engage in battles with their Tamadoge pets, earning TAMA tokens and competing for positions on the monthly leaderboard.
Community and Partnerships
  • Active Community: Tamadoge has an engaged community that plays a significant role in the project's growth and adoption.
  • Collaborations: The project aims to collaborate with other blockchain projects and platforms to expand its reach and impact.
Challenges and Risks
  • Market Volatility: Like other cryptocurrencies, Tamadoge is susceptible to significant price fluctuations due to market sentiment and trends.
  • Regulatory Challenges: The project faces regulatory challenges in various countries, which can impact its growth and adoption.
  • Competition: Tamadoge operates in a highly competitive market, requiring it to differentiate itself and provide unique value to users and investors.

Overall, Tamadoge (TAMA) is a cryptocurrency that combines elements of play-to-earn gaming, NFT trading, and a metaverse to create an immersive and rewarding experience for users.

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Tamadoge's strengths

The token Tamadoge (TAMA) has several strengths that contribute to its appeal and potential in the cryptocurrency market:

  1. Unique Concept: Tamadoge combines the popularity of meme coins with the capabilities of the play-to-earn world, offering a unique and engaging experience for users. It allows them to mint, breed, and battle their own Tamadoge pets in the metaverse, which is a novel and entertaining concept.

  2. Play-to-Earn Model: The platform operates on a play-to-earn model, where users can earn TAMA tokens by interacting with their Tamadoge NFTs and participating in battles. This model incentivizes users to engage actively with the platform, fostering a sense of community and encouraging user retention.

  3. NFT Marketplace: Tamadoge has its own NFT marketplace where users can buy, sell, and trade their Tamadoge pets. The marketplace offers three tiers of NFTs: Common, Rare, and Ultra Rare, each with unique attributes and enhancements. This marketplace provides a robust ecosystem for users to engage with and monetize their digital assets.

  1. Metaverse Integration: Tamadoge aims to integrate virtual reality experiences into its metaverse, enhancing the play-to-earn environment with immersive elements. This integration has the potential to further engage users and increase the platform's appeal.

  2. Strong Community: Tamadoge has garnered significant attention and a rapidly growing community since its inception. The project's focus on development and its ambitious goals have attracted a dedicated user base, which is crucial for the long-term success of the token.

  3. Native Token Utility: The TAMA token serves as the medium of exchange for all transactions within the Tamaverse, including purchases in the NFT store and peer-to-peer transactions between users. This utility ensures that the token remains integral to the platform's operations and maintains its value.

  1. Ethereum Blockchain: Tamadoge is built on the Ethereum blockchain, which provides a secure and established foundation for the token. This blockchain choice also allows for the integration of other Ethereum-based projects and services, expanding the token's potential use cases.

  2. Token Supply Management: The token's supply is capped at 2 billion, with a 5% fee levied on purchases that is burned to reduce the supply over time. This mechanism helps maintain the token's scarcity and can contribute to its value appreciation.

These strengths collectively contribute to Tamadoge's potential as a unique and engaging cryptocurrency project with a strong community and a promising future in the play-to-earn sector.

Tamadoge's risks

Tamadoge (TAMA) carries significant financial risks due to its high volatility. The cryptocurrency market is known for its unpredictability, and TAMA is no exception. Here are some key points to consider:

  • Risk Assessment: Tamadoge has been given a moderate risk score by InvestorsObserver, indicating that it is a relatively high-risk investment. This score is based on factors such as market capitalization, trading volume, and price movements.
  • Volatility: The value of TAMA can experience sharp declines due to market fluctuations. This volatility makes it essential for investors to be cautious and prepared for potential losses.
  • Regulatory Changes: Regulatory changes in the cryptocurrency market can impact the value of Tamadoge. As the market is still evolving, regulatory shifts can have significant effects on the price of TAMA.
  • Newness: Tamadoge is a relatively new cryptocurrency, which means it lacks a proven history of stability. This lack of a track record can make it more challenging for investors to predict its long-term performance.
  • FOMO (Fear of Missing Out): The fear of missing out on potential gains can lead to impulsive investment decisions, which can result in significant financial losses if the market turns against the investor.

It is crucial for investors to thoroughly research and understand these risks before investing in Tamadoge.

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Did Tamadoge raise funds?

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Tamadoge’s team

  • Jon Bishop: CEO of Tamadoge, with extensive experience in crypto and gaming, previously involved with companies like eBay, PayPal, Coda, and Outright Games.
  • Ozan Daldal: Head of Gaming, a mobile gaming expert with years of experience in strategic consulting and team leadership, having worked on numerous Web3 games and mobile-centered crypto projects.
  • Siphamandla Mjoli: Senior blockchain developer, part of the initial team behind Tamadoge.
  • Carl Dawkins: Head of growth, involved in the early stages of Tamadoge's development.
  • Thomas Seabrook: Lead game developer, responsible for the development of Tamadoge's gaming features.
  • Éric Lamontagne: Full stack developer, contributing to the technical aspects of the project.
  • Neil Palethorpe: Senior interaction designer, involved in the user experience and design of Tamadoge.

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