Tamadoge (TAMA): Arcade Gaming With Your NFT Pet

Tamagotchi, a timeless favorite handheld digital pet from decades ago, has been given a modern twist with the launch of Tamadoge (TAMA). This innovative new cryptocurrency combines the cuteness and nostalgia of Tamagotchi with Doge's hilarious internet meme culture, resulting in a unique and exciting investment opportunity. While Dogecoin (DOGE), the biggest meme coin in market cap, has been popular for years, Tamadoge is breaking new ground and offering a fresh take on crypto.

Key Takeaways:

• Tamadoge (TAMA) is a meme coin with a unique utility, explicitly used for buying Tamadoge pets and playing Tamadoge arcade games.

• No transaction tax is imposed on the TAMA token, as the Tamadoge team believes that the value of the token lies in its utility rather than in speculative trade.

What Is Tamadoge?

Tamadoge is a cryptocurrency with a twist: It’s made specifically for you to create and care for a Tamadoge pet (or several Tamadoge pets), which you can use to participate in Tamadoge arcade games.

Launched in July 2022, it features the Tamaverse, a metaverse centered around Tamadoge. Tamadoge NFTs can also be incorporated into the metaverse, and the Tamadoge team’s ambition is to bring these virtual pets into real life through the Tamadoge app.

What Are Tamadoge Pets?

Tamadoge pets are the center of the Tamadoge ecosystem. Like Tamagotchi pets, once you create them, they’ll be minted as babies and grow over time. You'll have to care for them throughout their virtual lives. You can even breed them, and as they grow into adults they can battle other Tamadoge pets in arcade-style play-to-earn (P2E) games. 

Generally, your Tamadoge pets will increase in strength and endurance over time as you dedicate care to them. You can play with them, teach them tricks and take them on walks. On the other hand, a Tamadoge pet can die if neglected — and turn into a Tamaghost.

Each Tamadoge pet has its strengths and weaknesses, denoted by various stats. These stats grow and evolve in accordance with how you treat your Tamadoge pets, resulting in unique beings who have their own interesting personalities. You can also get them food, toys and various cosmetic items to improve their appearance and other elements. These items may be purchased from the Tamadoge store using the Tamadoge token, TAMA. 

Tamadoge Arcade Games

Several Tamadoge arcade games have been released and are scattered throughout Tama Island on the Tamadoge home page. You can play them for free, or engage in a P2E game. The games currently offered in the Tamadoge Arcade are Tamadoge Run, Rocket Doge, To the Moon, Super Doge and Tama Blast.

These games are straightforward and easy to play. For example, if you head into Rocket Doge, you can choose to start the game immediately or watch the tutorial first. Next, decide between Free to Play or Pay to Play. The first option is essentially a practice version of the game, which you can take part in using a basic Tamadoge, while the second allows you to earn Tamadoge tokens, although you'll first have to connect a wallet that contains Tamadoge NFTs.

Source: play.tamadoge.io

Possessing ultra-rare Tamadoge NFTs will give you a significant advantage. Reportedly, you’d have up to a 70% increased opportunity to finish in the leaderboard's top three of your chosen games, compared to using regular Tamadoge NFTs. This results from a potential 95% increase in your virtual pet's strength, stamina, speed, agility, vision and luck. However, only 100 of these ultra-rare NFTs were created, and they were all sold out in Tamadoge's first auction, so to secure one today, you would need to find it on OpenSea. 

What Is the Tamadoge Crypto Token (TAMA)?

The Tamadoge crypto token, better known as TAMA, is the currency that’s used throughout the Tamadoge ecosystem. For example, you would utilize TAMA tokens to spend money in the Tamadoge arcade. 

Tamadoge Tokenomics

Tamadoge is a deflationary cryptocurrency, with a fixed maximum supply of 2 billion TAMA tokens. Half of this total (1 billion tokens) were put into circulation by the Tamadoge team to jump-start this process. Another 400 million are being released on a variety of exchanges. Meanwhile, the remaining 600 million will be minted over the following decade. 

Source: Tamadoge white paper

When you use TAMA tokens to play Tamadoge games, you can earn Dogepoints, which are crucial because winners with the most Dogepoints each month can claim rewards from the gaming prize pool, known as the Dogepool.

The Tamadoge founders believed there should be no cost to enter this arrangement or to depart from it. Hence, there’s no transaction tax connected with Tamadoge. The reasoning behind this decision is that the token’s value will derive from the project itself, instead of coming from people trading it around.

When you spend your TAMA tokens in a game or in the Tamadoge store, 5% of the transaction is burned and removed from circulation. In other words, the available number of tokens will be continuously reduced. As for the remaining 95%, 65% goes to the gaming prize pool, while 30% is utilized for growing the platform through development, marketing and other means. 

Source: Tamadoge white paper

Tamadoge Price Prediction

Shortly after its launch in late September 2022, the value of a Tamadoge NFT increased significantly. After sitting at $0.02 on Sep 30, 2022, it skyrocketed, reaching $0.194 less than a week later on Oct 4. However, TAMA’s price then fell to $0.05 four days later, and to $0.03 on Oct 12. TAMA went on a steady (albeit slow) decline over the following months. On Apr 11, 2023, it fell to a low price of $0.012.

Of course, the biggest question is related to what the future holds. What will its price be in a couple of years? How about in 2030? According to DigitalCoinPrice and PricePrediction, despite Tamadoge’s trends over the previous several months, its future is bright.

According to DigitalCoinPrice, TAMA will be worth between $0.0329 and $0.0394 in 2025, and between $0.11 and $0.12 in 2030. PricePrediction has a more modest outlook for 2025, expecting TAMA to be valued between $0.029 and $0.035, but has a more aggressive prediction for 2030, forecasting that its price will reach between $0.18 and $0.22.

Is Tamadoge a Good Investment?

With skyrocketing growth shortly after its launch in September 2022, Tamadoge has had less-than-stellar performance over the past few months. However, the recent launch of its arcade games may see its value grow steadily over time. In fact, by combining virtual pets and arcade games, Tamadoge is poised to appeal to the mainstream, as opposed to more traditional types of cryptocurrencies.

Some might be curious as to how Tamadoge compares to one of the biggest meme coins since DOGE, Shiba Inu (SHIB), especially as both tokens have a utility function. However, SHIB's function is far more DeFi-centric — with products like ShibaSwap — whereas TAMA focuses on GameFi. Moreover, Shiba Inu has been around since 2020, which is longer than Tamadoge.

Shiba Inu's relative maturity has cemented its position as a top altcoin with a market cap of $6 billion, while Tamadoge has a market cap of only around $12 million (as of Apr 6, 2023). Hence, it’s difficult to compare Tamadoge with Shiba Inu as TAMA is a newer cryptocurrency that has yet to establish a track record. 

Overall, whether Tamadoge is a good investment or not depends on your risk tolerance and investment goals. As investing in cryptocurrencies is risky and volatile, it's essential to do your own research and consider the potential risks and rewards before investing in any cryptocurrency.

Where to Buy Tamadoge

You can buy Tamadoge via Bybit as a Spot pair (TAMA/USDT). From Apr 26 to May 11, you can even earn from a 4 million TAMA prize pool when you deposit and trade with Bybit!

Tamadoge also gives you the option to buy directly from its site. There are two ways to do so.

One is through the Tamadoge Bank. This allows those who may not be all that experienced with cryptocurrency to use fiat currency options to purchase TAMA through Transak, Tamadoge's partner payment processor. Through the Transak widget, you can buy TAMA with any bank card, or even through bank transfer.

The other is the Tamadoge Exchange, where you can buy or sell Tamadoge through its partner exchanges, including the decentralized exchange (DEX), Uniswap. 

Closing Thoughts

If you’re interested in combining virtual pet features and gaming with cryptocurrency investment, Tamadoge is definitely a unique option worth considering. Its innovative approach incorporates fun gaming elements, and the opportunity to raise your own digital companion makes TAMA stand out among other cryptocurrencies currently available in the market.

#Bybit #TheCryptoArk