The play-to-earn project Tamadoge sprints away from the competition. The manufacturers, meanwhile, have reached the next milestone in the pre-sales phase, raising capital of US$13 million as of today. With this, Tamadoge surpasses another successful crypto project with currently around 4 million US dollars. Move-to-earn platform Stepn only reached $9 million in March, which is a lot of money but pales in comparison to Tamadoge’s success story.
Tamadog plans to raise $19 million to raise capital
In fact, Tamadoge’s pre-sales have been a success story so far – and it doesn’t look like that’s going to change. A brief overview: The beta phase of the TAMA PreSale began at the end of July 2022 – four weeks were originally planned. After almost two and a half weeks, the coins intended for this phase of the presale were completely sold out. General sales should take place well into the fourth quarter. But it looks like the presale may end in the next few weeks. Overall, Tamadoge wants to generate 19 million US dollars in raising capital to further advance the project.
⏰ Remember – The #TOMATO DOG Pre-sale is still live – but not for long! ⏰
‼️ You don’t miss your chance to buy the best crypto in 2022 during the presale ‼️
— TAMADOGE (@Tamadogecoin) 2 September 2022
Tamadog vs. Stepn – what are the similarities – what are the differences?
What the two platforms have in common is that you can make money with them. Stepn is dependent on move-to-earn. The FitFi app brings together NFT and fitness, which the creators created a real hype with, at least at first.
The principle of the game can be summarized as follows: Earn money by running or jogging. What basically sounds quite simple is unfortunately not that simple. To be able to participate at all, you must first buy virtual NFT sneakers and they can – depending on your fitness level – cost a lot.
Our community came up big this year with low carbon footprints. Together we offset over 6.9 million kg of C02. That’s enough to fill over 1500 hot air balloons 🌱 [3/9] pic.twitter.com/LQIay4CVMn
— STEPP | Public Beta Phase V (@Stepnofficial) 1 September 2022
Simple is different
First, you need to download the app from the relevant store, then the provider will give you a verification code. But if you thought you could start making money, you were wrong. Because to be able to use the app at all, you must also have an activation code. These are available from Discord, Telegram or third party providers. If you were able to grab a code because these are limited, you’ll need to purchase the above sneakers first and then you still can’t get started. First you need to use (digital) energy, every six hours you get 0.5 points, which you can train for 2.5 minutes. The energy is limited to 10 minutes. If you want to train longer, you have to upgrade the sneakers or buy more, which in turn costs VAT. In addition, the shoes are worn after every run and should be repaired, which in turn costs VAT. So to recoup the cost of the virtual shoes, you have to a) walk a certain number of miles and b) keep putting money into the sneakers. In addition, the profit depends heavily on the course of the Green Satoshi Token. This is currently EUR 0.0377 and is therefore far from its all-time high of EUR 9.07. To be fair though, the Terra/Luna crash is largely to blame for this.
Criticism of STEPN
The biggest point of criticism, which by the way keeps appearing at STEPN, is that the business model is very similar to a Ponzi scheme. Because users can also emboss and sell the virtual shoes themselves. However, this business model is only interesting as long as new runners keep coming. If the numbers stagnate at some point or are declining, it can lead to a price drop.
Tamadoge – the meme coin with its own metaverse
Tamadoge relies on the play-to-earn principle in its Tamaverse. At the center of the Metaverse are Tamadoge Pets, cute NFT animals with a pixelated look that can be purchased in the shop – as well as food, accessories and cosmetics. All Tamadoge Pets are shaped like babies and enter the virtual world with their individual characteristics, strengths and weaknesses. The better the player takes care of his virtual pet, the better it develops. But if it is neglected, a tamag cough occurs. The adult animals can then compete in a Battle Arena to collect Doge Points and climb the leaderboard. Rewards are then distributed to the top players once a month. An augmented reality app is also planned where players can interact and play with their pets. This is to be launched in the fourth quarter of 2023. A collection of Tamadoge Arcade Play to Earn Games is planned for the third quarter of 2023.
Just like Tamagotchi – only 2.0
At least parts of the game principle will seem very familiar to one or the other. In fact, Tamadoge is very closely based on the 90s in-game toy with which it shares some name similarity, the Tamagotchi. Tamadoge now takes the little plastic egg to the next metaverse level and expands it with cute NFT pets, which by the way can also be bred and traded.
Need some Tamagotchi-inspired back-to-school inspo? 💖 Check out our latest blog: “Go back to school with your Tamagotchi devices!” https://t.co/EZ4HMvL6ZG
— Tamagotchi US (@Tamagotchi_US) 3 September 2022
Tamadog is safe
The makers of Tamadoge had the contract code checked by Solid Proof, which is based in Germany, with the result: 100% secure. The Coinsniper team has also been verified and the Twitter account is slowly revealing who the faces behind the project are.
📣 Attention #TamadogArmy! 📣
Meet Siphamandla Mjoli – Tamadoge Senior Blockchain Developer! 👋
We are very happy to have Siphamandla on board #Tamadog Team 🙌
Tune in next week to meet him in an upcoming live stream! 🎉
Date 📆- TBC pic.twitter.com/iPvd5Q9EcT
— TAMADOGE (@Tamadogecoin) 2 September 2022
First listing guaranteed
The Tamadog makers have also managed another coup. As soon as the PreSale is completed, TAMA will be listed on LBank and Uniswap. Once the listing is official, there is a realistic possibility that a big jump in price can happen. Additional listings on CEX and DEX are planned.
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