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PlayDoge, the newest addition to the Dog meme coin universe, has made a strong debut, raising over $1 million with its Play-to-Earn concept.
Dog meme coins have become very popular in the crypto world, just like the fast-growing Play-to-Earn (P2E) gaming sector.
PlayDoge combines these two trends, making it a strong option for crypto fans looking for the next big thing like Floki Inu.
PlayDoge presale has now raises $1.5 million
The new Play-to-Earn meme coin, PlayDoge ($PLAY), launched its ICO on May 28th and has raised $1.5 million so far. $PLAY is currently priced at $0.005, but the price will increase in 4 days or when the total raise hits $1.9 million.
To join the PlayDoge presale, connect a wallet and purchase using BNB, USDT, or ETH. Additionally, a bank card can be used for the purchase. Buyers who use Binance Coin can stake their tokens for high annual rewards.
PlayDoge has a total supply of 9.4 billion $PLAY tokens, with 50% (4.7 billion tokens) sold during the presale. The remaining tokens are divided among staking rewards (6%), project funds (12.5%), community rewards (7.5%), liquidity (11.5%), and marketing (12.5%).
This careful allocation supports the project’s growth and builds a strong community. After the presale, PlayDoge will debut on decentralized exchanges (DEXs). Operating on the Binance Smart Chain (BSC) ensures low transaction fees.
Given its early success and use cases, PlayDoge may experience a significant price increase when it launches. You can explore the potential future of PlayDoge through our $PLAY price prediction.
PlayDoge: Play-to-Earn and staking features
PlayDoge is a new play-to-earn crypto gaming project using $PLAY as its main cryptocurrency. The project’s whitepaper says PlayDoge aims to combine the Doge meme with Tamagotchi-style virtual pet management.
Players will have a digital Doge pet that they care for using a Web3 mobile app. They need to feed, train, and entertain their pets. Players can also complete mini-games, similar to classic 8-bit 2D side scrollers, to earn $PLAY tokens and XP points.
These points will appear on the PlayDoge leaderboard, where top players receive bonus $PLAY rewards and other perks.
The project hopes to attract a large community by blending the popular Doge meme with the nostalgic appeal of Tamagotchi. Early presale figures suggest this strategy is working.
Additionally, PlayDoge offers a staking protocol with an APY of over 900%. However, this rate is expected to decrease as more tokens are staked.
Investors can check the current reward rate on the PlayDoge staking dashboard. Potential investors can visit our guide on how to buy PlayDoge tokens here.
PlayDoge’s legitimacy: Audits, ownership, and community recognition
Investors often hesitate to invest in new meme coins due to the risk of scams, rug pulls, or pump-and-dump schemes. However, PlayDoge has taken steps to address these concerns.
The PlayDoge smart contract was audited by SolidProof.io, and the audit report, available on the PlayDoge.io website, confirmed no security risks or vulnerabilities in the $PLAY smart contract.
Additionally, PlayDoge has no centralization risks. The contract lacks ownership privileges, preventing the owner from engaging in malicious activities like locking the contract, blacklisting wallets, or minting new tokens.
Moreover, the ownership of the contract has been renounced, meaning the smart contract settings cannot be changed. PlayDoge also has active, verified X (formerly Twitter) and Telegram accounts, a sign of a legitimate crypto project.
‘Not the hero we deserve, but the hero we needed’#MemeCoin #PlayDoge #P2E pic.twitter.com/TG0nvWHuPz
— PlayDoge (@PlayDogeGame) June 2, 2024
The X account was created in May 2024, indicating it is not an old scam account pretending to be a new project. Numerous posts about PlayDoge have appeared in the last 48 hours, predicting a bullish future for the project post-launch.
Positive reviews have been posted by 99Bitcoins, Bitcoin.com, Bitcoinist, CoinCodex, Coinpedia, CryptoDaily, CryptoPotato, Cryptopolitan, Watcher Guru, and more.
Numerous YouTube influencers have also promoted the new meme coin. Based on the available information, PlayDoge appears to be a legitimate crypto project.
PlayDoge’s future potential
PlayDoge hasn’t set a limit on the amount of money it aims to raise in its presale, making its starting value on exchanges uncertain. However, like most new presales, it is likely to start small.
PlayDoge operates in the P2E (Play-to-Earn) area, where some projects have seen huge growth. For example, Illuvium, a fantasy P2E game, shot up by over 3,000% soon after its launch, reaching a value of over $1 billion at its peak.
Other P2E projects like Axie Infinity, the Sandbox, Gala, and Beam also have billion-dollar valuations. And the 2024 bull cycle hasn’t even begun yet. This means there’s still a chance for investors to buy promising tokens before the market gets hot.
P2E tokens are still significant, suggesting that PlayDoge might grow rapidly. When considering an investment in PlayDoge, it’s important to remember two key points.
First, PlayDoge operates in a competitive industry, making marketing crucial. Consequently, PlayDoge plans to allocate 20% of its tokens for marketing. Second, PlayDoge’s success will depend on its game.
The more people who download and play it, the better its chances of becoming a top crypto. The PlayDoge app and the community airdrop will be released in Phase 4 of its plan. To participate in the $PLAY token presale, visit playdoge.io.
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