Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Base Dawgz, a Shiba Inu-themed memecoin, launches on exchanges in 2 days after raising $3.2M in presale funds.
Base Dawgz (DAWGZ) is a unique Shiba Inu-themed memecoin that will launch on exchanges in two days. The presale has been raising funds to build a multichain memecoin with innate utilities like staking.
It has already raised over $3.2 million in funding, which will enable continued development in the coming months. This fundraising success also reflects the market’s interest in Base Dawgz’s unique alternative to existing memecoins.
While the Base Dawgz presale has ended, investors can still buy DAWGZ at its exchange listing price of $0.008582. The exchange launch will occur on 4 September at 5 PM CET.
DAWGZ staking offers a 720% APY, almost half of tokens locked on IEO
Staking is a key feature in the Base Dawgz ecosystem. Users can lock their tokens in the project’s smart contract to generate passive rewards and compound their investment.
The team has allocated 40% of tokens toward the presale and staking rewards, with a dead even 50-50 split.
This is an interesting move, meaning a significant portion of tokens will be distributed for free.
Right now, staking offers a 720% APY, but this is variable and will decrease over time.
Due to the sky-high rewards, 234 million DAWGZ have been staked, almost half of the 597 million that have been sold.
And here’s where it gets exciting: staked tokens will be locked for at least seven days after the exchange launch. This could significantly minimize the selling pressure on DAWGZ’s market debut.
And factoring in pent-up hype about the exchange launch, the project’s supply and demand dynamics could skew toward price growth.
Numerous top analysts also agree. For instance, ClayBro says it is “set to explode.”
He also underscored the benefit of buying Base Dawgz tokens just before the exchange listing:
“People are pouring in here because they know their money won’t be locked up for long. They can get in, and then if they want to get out on launch day, then they can.”
Other analysts have also praised the Base Dawgz presale. The Cryptonews YouTube channel says it can 100x, while Matthew Perry says it might be the next Brett coin.
Base Dawgz introduces multichain accessibility for community growth
The project has a unique technical advantage: it’s available to buy on five blockchains. These are Base, Ethereum, Solana, BSC, and Avalanche.
Most cryptocurrencies are bound to a single chain, which can present security and price-related vulnerabilities.
But on top of that, it makes it hard for new projects to get off the ground.
New cryptocurrencies often need centralized exchange (CEX) listings to see big gains – just look at Pepe or Dogwifhat, which both exploded after Binance listings.
However, Base Dawgz bypasses this by launching on multiple blockchains simultaneously. It’ll be widely available even without CEX listings.
Base Dawgz will start with decentralized exchanges (DEXs) launches on its supported blockchains, but it also plans to launch on CEXs later. Other future plans include a marketing push and community rewards, which could extend its growth after launching on exchanges.
Over 6,300 people have joined the Base Dawgz X account, and 10,300 have joined its official Telegram channel.
These two social verticals are integral to the Base Dawgz ecosystem. They are where community members can conjugate and support the project, and they’ll also offer important updates.
Community is key for memecoins, so it’s probably a good sign that Base Dawgz is focused on it.
However, with the exchange launch just two days away, this is the final opportunity for traders to buy DAWGZ at a fixed price before it goes to the open market.
For more information, visit the Base Dawgz presale website.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
