NEW YORK, June 5, 2024 /PRNewswire/ — The Base Dawgz ($DAWGZ) meme coin has landed, and in minutes greater than $200,000 was contributed to its crypto presale.
$DAWGZ is the most recent addition to the roster of meme cash launching on the highly effective Base chain. It would search to leverage the recognition of the Shiba Inu canine breed theme – seven of the highest 10 meme cash have a doggie persona.
As well as, Base Dawgz affords share-to-earn utility and shall be introducing staking rewards at a later date.
Though a comparatively new chain, Base meme coin market capitalization is over $2 billion.
Base Dawgz token’s main house is on the Base chain, however as its web site states, $DAWGZ is impressed by the ‘spirit of base leaping’ and is interoperable throughout a number of chains.
Alongside Base, Base Dawgz token additionally resides on Ethereum, Solana, BNB Chain and Avalanche.
With $DAWGZ, customers can base bounce throughout blockchains, opening up the Coinbase-invented Layer 2 blockchain to merchants and customers of a number of chains, thereby widening its attraction.
At the moment priced at simply $0.00479 in Stage 1 of its presale, $DAWGZ might be purchased with ETH, SOL, BNB, AVAX and USDT.
In line 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 meme coin super-charging the cultural phenomenon that’s Shiba Inu with share-to-earn and multi-chain agility
Group members are on the middle of Base Dawgz’s advertising and marketing 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 are redeemable for $DAWGZ tokens.
To start out 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 shall be obtainable for buy within the presale, 20% every for staking and liquidity, 15% earmarked to advertising and marketing and 10% listings.
The Base Dawgz sensible contract is audited by blockchain safety firm Stable Proof, which signifies the venture’s professionalism and safety.
Moreover, the contract shouldn’t be upgradeable and is absolutely renounced, which suggests the provision 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 chain is catching up quick on Solana – and Base Dawgz is ready to guide the working
Solana got here from nowhere to turn out to be the dominant chain for launching meme cash, however may Base be the following launchpad of selection 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 quicker 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 turning into a dependable enterprise-ready rail for corporations trying to undertake decentralized networks.
Base Dawgz can profit from low-cost charges and extra strong safety on Base
With regards to 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 essential variations that additional help 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 vast margin (4.5 million to 53 million), it’s a totally different story on the fiat worth of transfers-in from distinctive lively wallets interacting with decentralized purposes (dApps). Right here Base pulls in $1.76 billion, rating it in fifth place amongst all chains, towards $1.1 billion for Solana, in response to dappradar knowledge.
The distinctive lively wallets metric displays Base’s potential to faucet into the quickly rising consumer base of Coinbase’s, which, in response to info final reported by the corporate in 2022, stood at 110 million customers globally.
Additionally, trying on the complete worth locked (TVL) as a technique of measuring the worth of a series, Base’s TVL has been trending larger since March this yr and now stands at $1.7 billion.
Essentially the most important bounce was between mid-March and April when TVL greater than doubled from $670 to $1.58 billion, in response to knowledge compiled by DefiLama. Solana’s TVL is $4.8 billion.
Furthermore, the worth of every day transaction volumes on Base is $320 million, which is admittedly lower than half of Solana’s, on $733 million, however is however a formidable quantity for a series barely a yr previous.
Base can eclipse Solana and that is likely to be excellent news for Base Dawgz
Once more, these knowledge factors can all translate into massive pluses for Base Dawgz.
Taken collectively, the chain fundamentals outlined above are encouraging indicators that Base could possibly be the following up-and-coming chain for all issues meme cash.
And, as a by-product, the mushrooming in meme coin transactions on the chain may spur wider adoption of Base by proving its basic robustness.
A quick-growing chain growing in recognition with meme coin fanatics, share-to-earn performance, future plans for staking and lastly the predominance of the Shiba Inu phenomenon within the high rankings of meme cash, means all the celebs could possibly be aligning for an explosive $DAWGZ launch.
Do not miss out on key developments and information from the venture – be a part of the Base Dawgz neighborhood on X and Telegram.
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