The game Play-to-Earn (P2E) Tamadoge led one of the fastest fundraisings seen in crypto this year, completing 70% of its pre-sale by securing $10 million from eager investors in less than a month.
At the time of writing, $10.62 million has been raised, beating the $9.2 million raised by the NFT STEPN app on Binance Launchpad and its private sale. FTX has been a major contributor in private selling.
In the current (sixth) phase of the Tamadoge presale, which will soon be closed, the price of the TAMA token is 1 USDT for 44 TAMA. When $10.75 million is collected, the price of the token will change to a ratio of 1 USDT for 40 TAMA in what will be the seventh phase of the presale.
USDT is the ticker of the stablecoin Tether, so called because its value is stable 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?
It took less than a month for the TAMA token sale to raise $10 million. From the perspective of project developers, this is a much more efficient way to solicit funds from investors than the venture capital route.
From an investor perspective, it is also a more transparent and open process than the venture capital and private equity route, which dominates early stage investments and excludes people with relatively small sums to invest. .
Only 30% of presale TAMA token allocation remains
Seven hundred million tokens were sold out of a total of one billion available during the presale, with the price increasing for each successive token tranche. TAMA’s total supply is 2 billion.
There are less than 30% of presale tokens left to buy, with the allocation quickly depleting.
Tamadoge sold at 1 USDT/100 TAMA (1 TAMA = 0.01) during the initial sales phase beta, during which 200 million tokens were sold. Several tranches of 100 million tokens have followed since then.
The price of the token keeps increasing until it reaches $0.03, which is the equivalent of x3 of the beta sale price.
After the price of 40 TAMA (seventh phase), 1 USDT buys 36.36 TAMA (eighth phase). The ninth and final phase sees the price move to 1 USDT, allowing 33.33 TAMA to be purchased.
Who are the mysterious backers of Tamadoge?
Although the exact identities of those who make up the Tamadoge team have yet to be released, two members are known to be British.
A fortnight ago, the Tamadoge website revealed that Thomas Seabrookformerly of WMS and StarDigital, was the lead game developer on the project and that Carl Dawkinsformerly director of marketing at SocialBlox, was responsible for the growth of Tamadoge.
Elon Musk, famous lover of the Shiba Inu dog breed who has done so much to inspire the cryptocurrency meme industry, is he among the mysterious backers of the project?
GameFi ‘least affected by bear market’ – Will Tamadoge be the next crypto meme to explode?
Although the crypto winter has seen valuations tumble across the digital asset space, blockchain gaming, sometimes referred to as GameFi, has been the sector “least impacted by the bear market”, according to data compiled by the site. data and analysis DappRadar.
Tamadoge builds a platform where players are rewarded for raising their pet Tamadoge by nurturing it from baby to adult.
Each animal is represented by an NFT and has unique characteristics. The leaderboards in which the animals compete to climb will be posted online before the end of the year. Another novelty, the animals can also compete.
Tamadoge will also launch a game arcade featuring a host of winnable games for pets to participate in.
In addition, early next year, the team plans to explore partnership opportunities with metaverse.
A full augmented reality application will be launched next year.
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P2E game Tamadoge led one of the fastest fundraisers this year
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