Memecoins
PlayDoge P2E Meme Coin Raises $200,000 Within Hours of Pre-Sale Launch, Could This Be the New Floki Inu?
An innovative new meme coin has entered the scene, and investors are starting to take notice.
PlayDoge (PLAY)a P2E crypto gaming project based on the iconic Doge meme, raised over $200,000 in the first few hours of pre-sale.
PlayDoge: The meme-inspired virtual pet with real cryptocurrency rewards
So, what is it about PlayDoge that excites investors?
Consider it a modern, blockchain-based reboot of the classic Tamagotchi virtual pets from the ’90s, but with a meme-style twist.
This all happens via an app on users’ smartphones.
Users start by caring for and nurturing their 8-bit pixel Doge, ensuring he is fed, entertained and in good spirits.
The key is to build a lasting bond, just like with a real pet.
But here’s the best part: the more users take care of their Doge, the more chances they will have to earn PLAY tokens by playing minigames together.
These PLAY tokens also have real utility.
PLAY can be cashed into cryptocurrency or used within the PlayDoge ecosystem.
Essentially, PlayDoge users will regularly earn crypto rewards just for being a good “pet parent”.
However, users must ensure that they do not neglect their pet, as there is a possibility that it will run away forever
This gamification really increases the immersion of the PlayDoge experience.
Rankings and Tokenomics fuel excitement for PLAY’s early pre-sale
But simply taking care of the Doge’s pet isn’t the only way to earn PLAY tokens.
PlayDoge also features a ranking system that ranks players based on their pet care skills and minigame prowess.
The higher a player climbs, the more bonus PLAY tokens they will earn.
Speaking of PLAY, the tokenomics setup also looks attractive.
30% of the total offer of 9.4 billion is intended for pre-sales, with significant shares reserved for liquidity, marketing, development funds and bet prizes.
Hype is already building around the prospects of the PLAY token, as evidenced by the start of the presale.
The pre-sale launched just a few hours ago, but has already raised over $200,000 in funding.
At this initial stage, PLAY tokens will be sold at the lowest price of $0.00451.
But, given its phased structure, this price is expected to increase in subsequent presale phases.
At the end of the pre-sale, PlayDoge will make its debut on DEX.
And since PLAY uses the BEP-20 standard, the first members of PlayDoge Telegram community I think PancakeSwap is the likely destination.
PlayDoge could capitalize on the explosive growth potential of the P2E sector
The timing couldn’t be better PlayDoge throw.
Experts predict that the overall video game industry will explode from around $250 billion in 2023 to $665 billion by 2023.
These are crazy growth projections that highlight the enormous potential of the space.
Yet the P2E sector itself is already seeing exponential adoption and interest.
At the time of writing, the sector is valued over 14 billion dollarsaccording to CoinMarketCap data.
Cryptocurrencies that combine fun gameplay with potential rewards are clearly becoming more popular.
A great example is Floki Inu.
The FLOKI token has grown over 760% in the last year and currently has its own P2E game, Valhalla, in the testnet phase.
The potential of Valhalla has led to huge demand for FLOKI as the token is an integral part of the game’s ecosystem.
If PlayDoge could learn from FLOKI, we could see similar levels of hype for PLAY.
Looking forward, The PlayDoge roadmap also suggests a massive community launch of PLAY tokens in Phase 4.
Combining all of these strengths – the airdrop, the growth of the P2E industry, and the dedicated pet care gameplay – it’s easy to see why investors are so excited about PLAY’s price potential.
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