Pre-sale of the Tamadoge Meme Coin beats STEPN and raises more than $10 million in just four weeks.

P2E (Play to Earn) game By raising $10 million from eager investors in less than a month, Tamadoge completed 70% of its presale, making it one of the fastest cryptocurrency fundraises this year.

The move-to-earn NFT app STEPN raised $9.2 million on Binance Launchpad and in its private sale; as of the time of writing, $10.62 million has been raised, surpassing that amount. A significant participant in the private auction was FTX.

The TAMA token is valued at 1 USDT to 44 TAMA at the current (sixth) phase of the Tamadoge presale, which will soon end. The token price increases to 1 USDT to 40 TAMA in the seventh phase of the presale once $10.75 million has been raised.

The Tether stablecoin's ticker is USDT, so named because it is pegged 1:1 to the US dollar and is backed by reserves of cash and currency equivalents.

When you can conduct a presale, who needs VCs?

The TAMA token auction has already raised $10 million in less than a month. From the perspective of the project creators, this approach is far more effective than the venture capital path in terms of raising money from investors.

The venture capital and private equity routes, which dominate early stage investments and exclude individuals with relatively small sums to invest, are less transparent and open from the perspective of investors.

Only 30% of the presale TAMA token allocation remains.
One billion tokens were made available in the presale, however only 700,000,000 have been purchased, with the cost increasing with each new batch of tokens. Total supply of TAMA is 2 billion.

Less than 30% of the presale tokens are still available for purchase, and the supply is running out quickly.

Tamadoge was offered in the inaugural beta sale phase for 1 USDT/100 TAMA (1 TAMA = 0.01), with 200 million tokens being sold. Since then, further tranches totaling 100 million tokens have been released.

The cost of a token keeps increasing until it hits $0.03, or three times the cost of the beta sale.

The price increase is 1 USDT buys 36.36 TAMA following the 40 TAMA price (seventh phase) (eighth phase). The price increases to 1 USDT buying 33.33 TAMA at the ninth and final step.

Who are Tamadoge's unidentified financiers?

Two members of the Tamadoge crew are believed to be British, albeit their particular identities have not yet been revealed.

On the Tamadoge website, it was announced two weeks ago that Thomas Seabrook, formerly of WMS and StarDigital, is the project's main games developer and Carl Dawkins, formerly of SocialBlox's marketing department, is the company's head of growth.

Is Elon Musk, a well-known admirer of the Shiba Inu dog breed that has greatly influenced the meme coin industry, one of the project's unidentified backers?

The "least damaged by the bear market" is GameFi; would Tamadoge be the next meme coin to become viral?

Blockchain games, commonly referred to as GameFi, have been the industry "least harmed by the bear market," per data gathered by data and analytics portal DappRadar, despite the crypto winter seeing valuations decline across the digital asset field.

Tamadoge is developing a platform where users will receive rewards for raising their Tamadoge Pets from infancy to adulthood.

Each pet has a distinct NFT that serves as a representation of it. Before the end of the year, the leaderboards that pets compete to climb go live. Additionally, pets can engage in combat with one another.

Tamadoge will also launch a gaming arcade with a variety of play-to-earn games that the dogs can participate in.

The team also intends to look at joint venture possibilities with metaverse platforms early in 2019.

The following year, a complete augmented reality app will be made available.