New Native Chain Meme Coin-Based Dawgz Raises $200,000 in Minutes After ICO Launch: Will It Soar Like Brett?

adminJune 5, 2024

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The Base Dawgz ($DAWGZ) meme coin was launched today, and in just a few minutes it has already attracted over $200,000 in pre-sale.

A highly anticipated token launch, $DAWGZ leverages the potential of a powerful native chain and leverages the magnetic appeal of the meme coin dog theme. Seven of the top ten meme coins have dog personas.

Base Dawgz also offers a share-yield utility and plans to introduce staking rewards at a later date.

Despite being a relatively new chain, Base meme coin has a market capitalization of over $2 billion.

Base Dawgz’s primary home is on the Base chain, but as stated on its website, $DAWGZ is inspired by the ‘spirit of base jumping’ and is interoperable across multiple chains.

Along with Base, Base Dawgz tokens are also present on Ethereum, Solana, BNB Chain, and Avalanche.

$DAWGZ allows users to base jump across blockchains, broadening the appeal of the Layer 2 blockchain developed by Coinbase by opening it up to traders and users from multiple chains.

Currently, $DAWGZ can be purchased with ETH, SOL, BNB, AVAX, and USDT, with a Phase 1 pre-sale price of just $0.00479.

According to the website countdown, there are only six days left until the pre-order price goes up. Tier 2 pricing is not yet known, but this will likely lead to more buyers committing to secure the lowest price.

Are you ready to take the plunge? $DAWGZ soon… pic.twitter.com/637BKfMJFa
— Base Dawgz (@BaseDawgz) June 3, 2024

Could the underlying Dawgz price rise 11,902% like BRETT?

Coins like DEGEN and social media token Friend.tech have created quite a stir on Base. The former, in particular, caught the attention of memecoin fans. Now Base Dawgz will be the next trend in Base meme coins.

Although we are not yet at the peak of WIF, BONK, TRUMP or BODEN Solana meme coins, the Base meme coin community around BRETT, NORMIE and TOSHI is a force to be reckoned with today.

When Base launched four months ago, the market capitalization of DEGEN, the first meme coin to make a splash on Base, soared to a peak of $810 million.

This compares to the new Base meme coin $BRETT, which entered price discovery on June 2 with a new all-time high market cap of $1.27 billion.

$BRETT is still trading at a market capitalization of over $1 billion, and at the time of writing (June 4th) it stands at $0.1182, up 22% in the last 24 hours alone.

Don’t miss it. $TOSHI’s market capitalization stands at $211 million, and a return to all-time highs is not far off.

It is fair to say that $DAWGZ debuted on Base at a good time, with Base meme coins like $BRETT seeing higher gains. The $BRETT price is up 11,902% since its launch in March and is up 66% over the past seven days.

Community members are at the center of Base Dawgz’s marketing strategy thanks to a share-earnings system that awards point rewards for sharing $DAWGZ-centric content on social media.

Click the ‘Recommend and Earn’ button on the homepage and connect your wallet to create a referral link. Everyone you refer will receive 5% of the amount donated by the referrer.

All content created and shared earns you points that can be exchanged for $DAWGZ tokens.

To start receiving rewards, participants must link their X account to view shared content and claim XP reward points and exchange them for $DAWGZ.

Base Dawgz is a virtuous cycle that rewards community creativity, which in turn helps grow the value of the $DAWGZ community and token.

15% of the total token supply of 8,453,000,000 is allocated for $DAWGZ rewards. Meanwhile, 20% of the token supply will be available for purchase in the pre-sale, 20% will be allocated for staking and liquidity, 15% will be allocated for marketing, and 10% will be allocated for listing.

Base Dawgz smart contracts have been audited by blockchain security company Solid Proof, which indicates the professionalism and security of the project.

Furthermore, contracts cannot be upgraded and are completely abandoned. This means that the supply cannot be altered or backdoors introduced into the code with dishonest intentions. Suffice it to say that the Base Dawgz smart contract cannot burn or mint tokens.

Base Dawgz is poised to become the leading Base token closing on Solana.

Solana came out of nowhere and became a major chain launching meme coins. But could Base be the next launchpad for cute and funny viral meme coins?

Unlike Solana, which is a layer 1 blockchain, the base is layer 2 of Ethereum. Ethereum Layer 2 protocols like Base exist to make transactions faster and cheaper by making Ethereum more scalable.

Although Base was only released in August of last year, it has already achieved 400 transactions per second, which is equivalent to Solana. Developers promise more improvements in the future.

Solana claims up to 1,000 real-time transactions per second (tps), but most of these are actually failed transactions. The high rate of failed transactions has been criticized as a factor undermining Solana’s hopes of becoming a trusted enterprise rail for enterprises looking to adopt decentralized networks.

Base Dawgz benefits from lower fees and the base’s security becomes stronger.

In the case of gas fees, because Base is Layer 2, a separate execution fee is charged, which is much cheaper than the security fee. Security fees are only paid when a batch of transactions is recorded on the Ethereum chain.

Solana’s proof-of-history protocol means fees can be cheaper, but Base has the advantage of being able to use the more decentralized and thus more secure Ethereum blockchain.

Other fundamentals have important differences that further support Base’s potential for future expansion.

Solana may still outperform Base by a very wide margin (4.5 to 53 million) in on-chain transactions, but the story is different when it comes to the fiat value transferred from the unique active wallets it interacts with. Uses decentralized applications (dApps). According to dappradar data, Base ranked fifth among all chains with $1.76 billion, followed by Solana with $1.1 billion.

The unique active wallet metric reflects Base’s ability to leverage Coinbase’s rapidly growing user base, which numbered 110 million users globally, according to the company’s last reported information in 2022.

Additionally, looking at total fixed value (TVL) as a way to measure the value of a chain, Base’s TVL has been trending upward since March of this year and currently stands at $1.7 billion.

The biggest increase occurred between mid-March and April, when TVL more than doubled from $670 billion to $1.58 billion, according to data compiled by DefiLama. Solana’s TVL is $4.8 billion.

Moreover, Base’s daily trading volume value of $320 million is less than half of Solana’s $733 million, but it is nonetheless an impressive figure for a chain that is only a year old.

Again, these data points all translate into big positives for Base Dawgz.

Next $BRETT On Base – Does Base Dawgz ($DAWGZ) Deliver 100x ROI?

Taken together, the chain fundamentals outlined above are all very encouraging signs that Base could become the next preferred chain for meme coins. And as a byproduct, a surge in meme coin transactions on-chain will demonstrate the overall robustness of Base, which could further expand its adoption.

All of this suggests that Base Dawgz is a meme coin that is in the right place at the right time. Just like $BRETT, you can get 100x return on your investment with $DAWGZ.

A fast-growing chain growing in popularity with meme coin traders, lucrative shared revenue rewards, passive income through staking and the dominance of the Shiba Inu phenomenon in the meme coin top ranks means all the stars are aligned for explosive growth. Start $DAWGZ.

Don’t miss out on Base’s next meme coin gem. Join the Base Dawgz community on X and Telegram.

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