A new meme coin has entered the market – and investors are buzzing about its potential.
Base Dawgz (DAWGZ) has raised over $1.5 million in its ICO, and now early backers are wondering whether it could explode once listed on exchanges.
Investors Clamor to Get in Early on Base Dawgz ICO
Here’s how the Base Dawgz ICO works.
Early investors can buy DAWGZ tokens at a discount before they hit the open market.
Right now, DAWGZ tokens are on offer for just $0.00502 each.
However, since the developers have implemented a stage-based approach, the price will rise over time.
The next price increase will occur in less than 24 hours – so investors only have a narrow window to get involved at the lowest price possible.
There’s also a Refer-and-Earn mechanism whereby ICO investors can receive 10% of the purchases made by their friends.
This way the Base Dawgz team rewards word-of-mouth marketing.
According to the project’s whitepaper, 20% of the total 8.5 billion supply will be set aside for ICO investors.
This ensures the community has a big stake in Base Dawgz’s success right off the bat.
The remaining tokens will be split between liquidity, marketing, staking, and rewards.
There will even be a 10% allocation for listings – hinting that the devs are aiming for CEX exposure down the line.
High-Octane Design Helps DAWGZ Stand Out
Base Dawgz also gives off a high-octane vibe through its branding.
As its name implies, Base Dawgz is aligned with the thrills of base jumping.
Its mascot is a dog decked out in extreme sports gear, tapping into the adrenaline rush of the sport.
This helps Base Dawgz stand out from the other animal-themed meme tokens.
Yet DAWGZ has much more to offer than a unique look.
Instead of sticking to just one blockchain, the developers are making Base Dawgz a multi-chain token.
Using cross-chain bridging tech, like Portal Bridge and Wormhole, investors can easily transfer their DAWGZ tokens between major networks like Ethereum, Solana, BNB Chain, and Avalanche.
It’s an ambitious approach that’s yet to be seen in the meme coin space.
Investors get ultimate flexibility and decreased risk by not being tied to just one chain.
Also, the multi-chain feature means Base Dawgz can tap into several meme coin communities at the same time.
Can Base Dawgz Explode After ICO Ends?
Another key part of Base Dawgz’s strategy is the built-in staking protocol.
Precise details are still unconfirmed, but the basic premise is that DAWGZ holders can lock up their tokens for rewards.
These passive rewards promote long-term holding rather than instant selling when the DAWGZ price rises.
Since most new meme coins experience tremendous volatility after listing on the open market, staking incentives may help smooth out Base Dawgz’s post-launch trajectory.
And if it can avoid the dreaded “pump-and-dump” cycle, the token could have longer-term success.
But can DAWGZ really explode in price?
YouTuber Jacob Bury thinks so, staking that DAWGZ has “massive potential” and could 100x.
That’s a lofty target for any new crypto project.
However, the meme coin space has repeatedly shown that such returns are possible under the right conditions.
The fact that Base Dawgz already has more than 3,300 Twitter followers and 1,900 Telegram members shows it’s making its mark on the retail investor community.
Strong social proof like this could attract more investors after the launch.
Plus, the project’s cross-chain utility and Refer-and-Earn mechanism offer value beyond just meme status.
Of course, nothing is guaranteed when it comes to new crypto tokens.
But Base Dawgz is doing many of the right things – making it one to watch in the weeks ahead.
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