It’s official, the Base Dawgz (DAWGZ) presale has been an incredible success. The playful memecoin has raised over $2.8 million at the time of writing. And, with presale still active until the 13th of August, there is still plenty of time for the project to soar past the $3 million milestone.
For those paying attention, this successful start for Base Dawgz should come as no surprise. Crypto investors with fingers on the pulse of pre-sale coin recommendations know that 2024 has been a year of unprecedented success for smaller cryptocurrencies. In particular, there has been surging interest in lighthearted memecoins with novel brandings like Base Dawgz.
Unleashing Multi-Chain Technology
Entertainingly branded as a base jumping Shiba Inu, the unique selling point of Base Dawgz is its multichain functionality. Just as the majestic meme pooch is depicted gliding through the sky, users of this memecoin can leap from network to network, as DAWGZ tokens can be used on multiple blockchains. This is a very useful feature as different blockchains offer different advantages, variable transaction speeds, and distinct fees. Being multichain allows Base Dawgs to use the blockchain that best suits the needs of the user. This multichain feature is seriously unique, with very few other coins offering similar flexibility. There’s no doubt this has contributed to Base Dawgz’s encouraging start.
Dawgz Pay Dividends
But there are other factors at play. Base Dawgz offers the incentive of staking rewards to encourage investor participation. Staking is a process of locking up your crypto holdings for a set time period. In return for staking your Base Dawgz, investors earn rewards. This approach is designed to incentivize long-term investment, by offering users a simple way to earn passive income. Staking is a gamble sure, but one that savvy crypto gambling investors are bound to find tempting.
Base Dawgz also offers referral commissions. Investors can earn rewards for referring new users to the program. This is a great way of incentivizing word-of-mouth marketing for the burgeoning memecoin. For each referral investors earn commissions, and the user base grows – a win-win for the Base Dawgz team and investors alike.
These three factors combined, (multichain functionality, staking rewards, and referral commissions) are all promising concepts and attractive selling points for investors. It’s no surprise then that experts are optimistic about the memecoin’s potential. Right now, the analyst consensus predicts the future is very much bullish for Base Dawgz. Indeed, there’s every reason for investors to be confident, especially considering the trend this year of smaller cryptocurrencies beginning to contend with market giants like Bitcoin.
A Promising Investment
Those who are interested should know that the total supply of DAWGZ tokens is capped during the presale, once the limit is reached, the sale will close. Additionally, the price of DAWGZ tokens will increase as the presale progresses, so the earlier you get in, the better the deal for you.
For cautious investors, it is worth knowing that Base Dawgz is backed by a doxxed and experienced team with a clear roadmap for development, as seen in the project whitepaper. In the spirit of transparency, the project has been audited by a third-party security firm to ensure that the Base Dawgz smart contracts are secure and functional.
With fears of the US recession affecting the crypto market looming large, it is encouraging to see fledgling projects like Base Dawgz succeeding. While the future is always uncertain, and nothing is guaranteed, Base Dawgz certainly has a number of factors working in its favor. With its super successful presale and strong analyst sentiment, the project is off to a very strong start. The memecoin certainly has the potential to become a major player in the cryptocurrency market and it will be interesting to see if the daredevil dog can stick the landing.
Source: https://www.cryptopolitan.com/base-dawgz-presale-nears-3-million-milestone/