Base Dawgz ($DAWGZ) has successfully raised $1 million in its opening week of the presale, reflecting a whirlwind of excitement that has engrossed cryptocurrency traders.
The project’s primary blockchain is the Base network, but $DAWGZ will also trade on ETH, SOL, BSC, and AVAX.
The presale is live, and investors can currently buy for $0.00502. However, this price will rise throughout the campaign, with the next increase in six days.
Base meme coins are thriving, which sets the stage for $DAWGZ to explode
Meme coins on Base, Coinbase’s decentralized blockchain arm, have seen no shortage of excitement recently.
While the Base meme coin narrative has been strong throughout 2024, the ecosystem has taken center stage this week as Coinbase launches its Smart Wallet.
The wallet will provide Coinbase’s 110 million users with seamless access to on-chain cryptocurrencies without needing to manage seed phrases or download additional apps.
Resultantly, the prices of Base meme coins have shot up, with market leader Brett enjoying a 30% premium this week and 324% this month.
Meanwhile, Basenji has seen a 90% weekly uptick, while ChompCoin is up by a whopping 209% this week. And this hype is not expected to die down anytime soon.
CoinDesk recently published an article predicting the continued growth of the Base ecosystem.
It argued that Coinbase’s colossal user base, alongside Base’s unparalleled user experience and strong community, could enable it to lead crypto’s next wave of adoption.
With such a bullish outlook for the Base network, it is no surprise that its latest meme coin, Base Dawgz, has entered the market at full steam.
But it’s not only Base Dawgz’s favourable launch environment that is grabbing the attention of investors.
Base Dawgz’s refer and earn mechanism and staking rewards can generate huge community growth
With a dog-themed mascot that base jumps across blockchains, Base Dawgz has the memetic allure to draw a crowd.
It also helps that six of the top ten meme coins are dog-themed.
However, Base Dawgz does not rest on its laurels. The project is pioneering multiple standout utilities that help distinguish it from other meme coins.
One way it does this is a refer-and-earn mechanism. Community members can generate commission by referring others to the project’s presale.
Each successful referral earns a 10% commission, paid in USDT when the presale ends.
This feature could be huge for Base Dawgz, providing community members with more “skin in the game.”
In other words, they now have two incentives to help with community growth – earn commission and help bolster the token’s price.
Staking is another feature that Base Dawgz will be implementing.
So far, the team has kept its staking plans under wraps, but its tokenomics reveal that 20% of the total supply is earmarked for staking rewards.
Staking has proved a popular way to bolster supply and demand dynamics, incentivizing users to lock up their tokens, which minimizes sell pressure while providing a new demand stream.
Renowned analysts join the Base Dawgz presale affair
Base Dawgz’s $1 million total raise has also notched the support of leading industry figures.
In a recent YouTube video, Matthew Perry speculated that $DAWGZ could be the next Brett.
Perry underscored that the project’s utilities make it a desirable alternative to its meme coin peers.
Meanwhile, Jacob Bury suggests that 100x gains could be on the horizon, and other prominent traders like ClayBro have also backed the project.
Further exemplifying its widespread interest, leading media outlets, including CryptoPotato, The Economic Times, and Finbold, have all covered the presale.
Combining an optimal launch environment with distinct community-focused initiatives, it is clear why Base Dawgz has gotten off to an explosive start.
Accessibility across Base, Ethereum, Solana, and BSC could help attract one of crypto’s strongest on-chain communities.
However, with price increases hardwired into the presale, investors would be well-suited to get in as early as possible.
So don’t miss out. Follow Base Dawgz on X or join its Telegram for the latest updates. Alternatively, visit its website to buy tokens.
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