PlayDoge meme coin soars past $3.5M in presale as retro P2E game ignites buying frenzy
PlayDoge (PLAY) has sparked the latest meme coin frenzy.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} In just two weeks of launching its presale, the project has raised $3M+ for its much-awaited play-to-earn game. The game revives the retro craze Tamagotchi but in true Doge meme fashion.
Nostalgia with crypto earnings
There are plenty of play-to-earn games in the crypto market. Many of them are highly popular, earning gamers an attractive source of side income.PlayDoge is unlike anything seen before in the play-to-earn market, however. The new project combines two classic trends – the ‘90s Tamagotchi virtual pet craze and the modern Doge phenomenon. To give a better sense of the Tamagotchi craze, over 82 million Tamagotchi units have been sold across the world since 1996.
Spotlight WireIt’s like having a cute little Doge puppy on the retro-style app. Just like a real dog, the virtual PlayDoge should be fed and taken care of. In addition, they like to play. They earn rewards in $PLAY tokens as the gamer makes their way through mini 2D adventures in the 8-bit universe. The novel yet nostalgic gaming concept has garnered widespread attention from the market, as the presale success shows. The game will go live on both the Google Play Store and Apple App Store after development.
But there is more to PlayDoge than gaming.
Irresistible staking rewards for passive income
For non-gamers, staking is a great way to earn rewards from PlayDoge.$PLAY holders can stake their tokens in exchange for passive income on the platform.
The reward tokens unlock more perks and privileges in the ecosystem. But more importantly, they can be traded on crypto exchanges for other cryptocurrencies or fiat currencies. As a new play-to-earn crypto with meme-inspired branding, the token may potentially see value growth, especially for early investors.
It is important to note that the presale is divided into multiple stages, with a gradual price increase. The earlier an investor joins the presale, the higher the price discounts and the staking APY.
Spotlight WireCompared to the exchange listing price and the potential price surges that will follow, the presale offers massively low entry points into the project. The strategic blend of 8-bit graphics and meme coin sounds explains why the presale has become an instant sensation. If the presale maintains the current pace, it is off to an early sell-out.
The project’s focus on building credibility right from the beginning has also catered to its success. To begin with, PlayDoge has passed a rigorous audit from SolidProof.
Analysts like Oscar Ramos and Matthew Perry are optimistic about the long-term price growth of PLAY.
Community-centric tokenomics, action-oriented roadmap
PlayDoge has a strategically-designed roadmap and tokenomics geared toward long-term price action and growth.There are 9.4 billion $PLAY tokens in total.
To give early backers an upper hand, 50% of the total token supply is set aside for the presale. 6.5% of the supply is allocated to community rewards. These tokens will reach the community through various airdrops, giveaway contests, and more.
Spotlight Wire12% is distributed as rewards to stakers. Staking encourages investors to hold onto their tokens for a longer period of time. That, in turn, discourages pump-and-dump schemes that most meme coins fall prey to. Staking is a time-tested mechanism for supporting the long-term price action of a token. 11.5% of the supply goes toward liquidity. This ensures frictionless trading as the token demand and price take-off during the initial series of exchange listings. PlayDoge has multiple top-tier exchange listings planned this year.
Marketing gets 10.5% of the supply. Since popularity and hype play a key role in the price action of a meme coin, the substantial allocation makes sense. Another 10.5% of the total supply goes toward project funds. There is no time allocation, ruling out the possibility of rug pulls or scams. The decision has helped the project win the trust of investors right from the beginning.
Spotlight WireThe tokenomics stays true to the meme coin and play-to-earn elements of the project. The meme coin aspect focuses on virality. It fuels buzz and FOMO around the project, especially in the beginning. The play-to-earn aspect will take over the price action in the later stages, driving demand through organic gaming and staking utilities. The next meme to explode?
The astounding success of the Floki Inu or Pepe coin proved that meme coins don’t have to confine themselves to hype and speculation. They can be useful too.The play-to-earn sector perfectly aligns with the playful nature of the meme coin market. The growing traffic to the $PLAY presale shows once again that P2E is fertile for growth. In fact, the video gaming market could hit $664 billion by 2033. The play-to-earn niche within the market is expected to grow by leaps and bounds over the next few years.
The strategic blend of the iconic Tamagotchi and Doge meme has worked wonders for the project.
Spotlight WirePlayDoge has been drawing retail investors with its addictive gameplay loop. But the time that a user spends playing the game earns them rewards. It’s not just a hobby, unlike most video games. Both gamers and non-gamers can monetize the platform, whether it is through gaming or staking. The rapid expansion of projects like Floki Inu to a billion-dollar market cap gives an optimistic investment outlook for $PLAY. If it manages to maintain the presale momentum, it has the potential to join the ranks of top meme coins this year.
The growing social media engagement in the community indicates that the retro 8-bit arcade-style 2D pet game is much-awaited. The presale supports purchases in BNB, ETH and USDT, in addition to fiat cards.
The PlayDoge website provides detailed presale instructions for investors.
Join the PlayDoge presale
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This story originally appeared on: India Times - Author:Faqs of Insurances
