Base chain meme coin Base Dawgz ($DAWGZ) has launched to nice acclaim – inside minutes greater than $200,000 poured into its crypto presale.

A extremely anticipated token launch, $DAWGZ performs to the potential of the highly effective Base chain and leverages the magnetic engaging energy of the meme coin canine theme – seven of the highest 10 meme cash have a doggie persona.

As well as, Base Dawgz affords share-to-earn utility and will likely be introducing staking rewards at a later date.

Though a comparatively new chain, Base meme coin market capitalization is over $2 billion.

Base Dawgz’s major house is on the Base chain, however as its web site states, $DAWGZ is impressed by the ‘spirit of base jumping’ and is interoperable on a number of chains.

Alongside Base, Base Dawgz token additionally resides on Ethereum, Solana, BNB Chain and Avalanche.

With $DAWGZ, customers can base soar throughout blockchains, opening up the Coinbase-invented Layer 2 blockchain to merchants and customers of a number of chains and thereby widening its attraction.

Presently priced at simply $0.00479 in Stage 1 of its presale, $DAWGZ might be purchased with ETH, SOL, BNB, AVAX and USDT.

In keeping with the web site’s countdown, there are solely six days earlier than the presale price rises. The presale price will increase by 5% in every successive price stage, so it pays to purchase early.

https://x.com/BaseDawgz/standing/1798020060893913476

Base Dawgz price may very well be set to blow up like BRETT, up 11,902%?

Cash equivalent to DEGEN and social media token Good friend.tech have brought on a stir on Base, particularly, the previous caught the attention of meme coin followers. Now Base Dawgz is subsequent up because the Base meme coin to pattern.

Though not but on the heights of WIF, BONK, TRUMP or BODEN Solana meme cash, the Base meme coin communities round BRETT, NORMIE and TOSHI are at the moment a power to be reckoned with.

The market capitalization of DEGEN, the primary meme coin to make waves on Base when it launched 4 months in the past, soared to $810 million at its peak.

That compares with the newer Base meme coin $BRETT, which on 2 June broke into price discovery with a brand new all-time excessive market cap of $1.27 billion.

$BRETT continues to be buying and selling at ranges comfortably above $1 billion market cap, printing a price of $0.1182, up 22% prior to now 24 hours alone on the time of writing (4 June).

To not be missed out, $TOSHI has a chunky market cap valuation of $211 million and isn’t far off a return to its all-time highs

It’s truthful to say that $DAWGZ is making its debut on Base at a superb juncture, with Base meme cash like $BRETT powering increased. The $BRETT price is up 11,902% since its launch in March and 66% increased over the previous seven days.

Base Dawgz meme coin super-charging the cultural phenomenon that’s Shiba Inu with share-to-earn and multi-chain agility

Neighborhood members are on the heart of Base Dawgz’s advertising technique, because of its share-to-earn system that pays out level rewards for sharing $DAWGZ-centric content material on social media.

Merely click on on the ‘refer and earn’ button on the homepage and join your pockets to generate your referral hyperlink. All these referring will obtain 5% of the quantity contributed by the referee.

All created and shared content material earns factors which might be redeemable for $DAWGZ tokens.

To begin incomes rewards, members might want to hyperlink their X account to confirm shared content material, declare the XP rewards factors, and redeem them for $DAWGZ.

Base Dawgz is a virtuous circle that rewards neighborhood creativity, which, in flip, helps to develop the $DAWGZ neighborhood and the worth of the token.

Fifteen p.c of the full token provide of 8,453,000,000 is put aside for $DAWGZ rewards. In the meantime 20% of the token provide will likely be out there for buy within the presale, 20% every for staking and liquidity, 15% earmarked to advertising and 10% listings.

The Base Dawgz sensible contract is audited by blockchain safety firm Stable Proof, which signifies the undertaking’s professionalism and safety.

Moreover, the contract shouldn’t be upgradeable and is totally renounced, which implies the availability can’t be modified or backdoors launched into the code with dishonest intent. Suffice it to say that the Base Dawgz sensible contract can’t burn or mint tokens.

Base Dawgz is about to be a prime token on Base, which is catching up quick on Solana

Solana got here from nowhere to turn into the dominant chain for launching meme cash, however might Base be the following launchpad of alternative for cute, humorous viral meme cash?

Not like Solana which is a Layer 1 blockchain, Base is a Layer 2 for Ethereum. Ethereum Layer 2 protocols like Base exist to make Ethereum extra scalable, making transactions sooner and cheaper.

Though Base was solely launched in August final yr, it has already achieved transactions per second of as a lot as 400, which matches Solana. The devs promise but extra enchancment to return.

Solana has claimed real-time transactions per second (tps) of up to 1,000, however the majority of these are literally failed transactions. The excessive ratio of failed transactions has been criticized as an element that undermines Solana’s hopes of changing into a dependable enterprise-ready rail for companies seeking to undertake decentralized networks.

Base Dawgz will profit from low cost charges and extra sturdy safety on Base

In the case of fuel charges, as a result of Base is a Layer 2 it has a separate execution price that’s less expensive than the safety price. The safety price is just paid when bundles of transactions are written to the Ethereum chain.

Though Solana’s proof-of-history protocol means charges is likely to be cheaper, Base has the upside of utilizing the extra decentralized, and subsequently safer, Ethereum blockchain.

On different fundamentals, there are vital variations that additional assist the longer term growth potential of Base.

Whereas Solana would possibly nonetheless, for now, trump Base in relation to on-chain 24-hour transactions ranges, by a really extensive margin (4.5 million to 53 million), it’s a completely different story on the fiat worth of transfers-in from distinctive lively wallets interacting with decentralized functions (dApps). Right here Base pulls in $1.76 billion, rating it in fifth place amongst all chains, in opposition to $1.1 billion for Solana, in keeping with dappradar information.

The distinctive lively wallets metric displays Base’s potential to faucet into the quickly rising person base of Coinbase’s, which, in keeping with data final reported by the corporate in 2022, stood at 110 million customers globally.

Additionally, wanting on the complete worth locked (TVL) as a method of measuring the worth of a series, Base’s TVL has been trending increased since March this yr and now stands at $1.7 billion.

Probably the most important soar was between mid-March and April when TVL greater than doubled from $670 to $1.58 billion, in keeping with information compiled by DefiLama. Solana’s TVL is $4.8 billion.

Furthermore, the worth of day by day transaction volumes on Base is $320 million, which is admittedly lower than half of Solana’s, on $733 million, however is nonetheless a powerful quantity for a series barely a yr previous.

Once more, these information factors all translate into large pluses for Base Dawgz.

Subsequent $BRETT on Base – Base Dawgz $DAWGZ 100x ROI up for grabs?

Taken collectively, the chain fundamentals outlined above are all extremely encouraging indicators that Base may very well be the following favored chain for all issues meme cash. And, as a by-product, the mushrooming in meme coin transactions on the chain might spur wider adoption of Base by proving its basic robustness.

All of this means that Base Dawgz could be very a lot a meme coin in the precise place on the proper time. Like with $BRETT, a 100x return on funding may very well be in view for $DAWGZ.

A quick-growing chain growing in recognition with meme coin merchants, profitable share-to-earn rewards, passive revenue from staking and the predominance of the Shiba Inu phenomenon within the prime rankings of meme cash, means all the celebrities are aligned for an explosive launch for $DAWGZ.

Don’t miss out on the following meme coin gem on Base – be part of the Base Dawgz neighborhood on X and Telegram.

Media contact: Gary McFarlane (gary.mcfarlane@clickoutmedia.com)