The PlayDoge ($PLAY) presale is rapidly progressing as its total raise clears $5 million.
Its juncture as a hybrid P2E meme coin has drawn huge excitement and is underscored by its skyrocketing presale momentum.
PlayDoge‘s presale is taking place across 40 stages, and the price will increase for each.
The current price is $0.00511, but this will rise in one day or when the total raise hits $5.4 million.
PlayDoge delivers a nostalgic remake of the hit 90s Tamagotchi game
PlayDoge is a contemporary remake of Tamagotchi, but with higher stakes.
Tamagotchi is an iconic pet companion game that launched in the 1990s. It sold over 82 million units and is a fond childhood memory for many users.
PlayDoge is turning back time and enabling users to relive their childhood experiences, except with real crypto rewards on the line.
By caring for their pet doge, they’ll earn XP and climb up the project’s leaderboard. They can also generate XP by completing minigames.
The higher players go on the project’s leaderboard, the more $PLAY they can earn.
It’s a captivating concept based on nostalgic gaming and value.
But here’s the kicker: users must hold $PLAY to receive rewards. $PLAY can also be used to make in-game purchases and for staking.
This innate utility translates to demand potential, which could bolster the token’s price.
With that, PlayDoge transforms from a compelling gaming concept into a viable trading opportunity.
While that’s a big reason for its presale success, the project’s focus on community rewards is also drawing attention.
Investors stoked about massive $PLAY staking rewards and community initiatives
There are huge staking rewards on offer that make the PlayDoge presale even more appealing.
Holders can garner a whopping 139% APY by depositing their tokens in the staking contract.
Of course, rewards will not always be that high. As the amount of tokens staked rises, the APY will decrease.
Over 135 million $PLAY have already been staked, reflecting the community’s appetite to earn more tokens.
PlayDoge has a total supply of 9.4 billion tokens, and 12% of the tokens have been allocated to staking rewards.
The team has also earmarked 6.5% for community rewards.
Further details on community rewards have yet to be released, but that 6.5% allocation could mark a lot of value as the $PLAY price rises.
50% of the tokens are allocated to the presale, and others will be split between liquidity, marketing, and project funds.
With a captivating use case and carefully placed tokenomics, respected industry figures are swarming the PlayDoge presale.
Matthew Perry is one of those who recently provided a bullish analysis to his 223K YouTube subscribers.
And he’s not the only one, either. Fred Crypto provided seven reasons why PlayDoge could 50x, and the Cryptonews YouTube channel speculated the project has 100x potential and could “make you a millionaire.”
The P2E meta is thriving, good news for $PLAY?
The P2E frenzy may just be getting started.
Bloomberg recently called P2E crypto’s “next killer app,” pointing to the mass adoption of the Toncoin-based project Hamster Kombat.
The project has garnered 150 million users – more than the United Kingdom and France populations combined!
It also eclipses Call of Duty’s active user base of around 90 million.
Other P2E cryptos are also taking off. Notcoin, for instance, has garnered a 40 million-strong user base and airdropped its token to users in May.
Per CoinMarketCap data, Notcoin now holds a staggering $1.5 billion market cap, making it the 55th most valuable cryptocurrency.
The unprecedented growth of these protocols represents a huge breakthrough in crypto mass adoption and could indicate an exciting future for PlayDoge.
Users can follow PlayDoge on X or join its Telegram to stay updated. Alternatively, they can visit its website to buy and stake tokens.
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