Tamadoge Price

What Is Tamadoge (TAMA)?

Tamadoge (TAMA) is the gateway token for Tamaverse, which is a play-to-earn and NFT metaverse currently building on the Ethereum blockchain. The meme coin GameFi project is marketed as the future Dogecoin, and is based on fashionable dogs that can be minted, bred and used for battles. 

Tamadoge aims to leverage the mass appeal of meme coins with the utility-enabled ecosystem of a play-to-earn metaverse to provide value to TAMA holders.

At the core of the project are NFT pets in the Tamaverse known as Tamadoge. They’re minted as babies and nurtured by their owners until maturity, when they’re used for quests. Users will need the native TAMA token to buy food and toys to nurture their Tamadoge pets.

Tamadoge will have a collection of 20,100 NFTs, with 100 ultra-rare Tamadoge pets and 20,000 mongrel Doge NFTs. The platform is also working on an augmented reality (AR) app, where you can play with your Tamadoge NFT pets outside the metaverse. 

Tamadoge Price (TAMA)

Tamadoge held a presale for TAMA tokens at $0.01 in late July, 2022, which ended in mid-September with the tokens all sold out. 

TAMA was listed on its first centralized exchange, OKX, on September 27, 2022. In the first week of the listing, the price jumped from $0.019 on September 30 to its highest price to date of $0.19 on October 4, 2022.

In the following week, the Tamadoge price retraced to around $0.04 and has been trading sideways since then.

While TAMA may have experienced a phenomenal start on the price charts, it’s important to fully understand the project’s tokenomics and its overall economy.

According to GoPlus Security, Tamadoge’s smart contract contains additional token issuance functions which may create an influx of new tokens, leading to significant fluctuations in its price. It’s advisable to exercise caution and fully understand the risks underlying such a model.

What Is TAMA Used For?

Tamadoge has followed a rising trend in which meme coins — such as Shiba Inu and Dogecoin — are moving away from their speculative nature and building utility-enabled ecosystems for their projects.

As the native P2E token for Tamaverse, TAMA will be used to purchase Tamadoge pets needed to access games and earn the tokens as rewards. Tamadoge pet owners will also need TAMA to purchase items such as toys and food from the pet store to nurture their NFT dogs.

TAMA Tokenomics

Tamadoge has a max supply of 2 billion tokens. 

The tokens are allocated as follows:

• 50% — Released into circulation through a presale

• 30% — Ten-year unlock plan for funding the project’s development

• 20% — Exchange pool for listing on cryptocurrency exchanges

Of the fees collected on Tamadoge, 5% of the tokens are burned such that for each 100 TAMA tokens spent, 5 will be removed from circulation to reduce the supply. Thirty percent of the fees will be used for marketing and development, while the remaining 65% will be added to the P2E prize pool.

Who Is the Founder of Tamadoge? 

While most of the founders of meme coin projects are anonymous, Tamadoge seems to have an acknowledged team behind it. Some of the names associated with the project include Siphamandla Mjoli, Carl Dawkins, Neil Palethorpe and Thomas Seabrook, who are all linked to Block Media Labs, a web3 investment, development and marketing agency. Block Media Labs also lists Tamadoge as one of its blockchain brands.

How to Store TAMA

Since TAMA is an ERC-20 token, you can store it in Ethereum-compatible wallets such as Trust Wallet, MetaMask and Atomic Wallet.