CRYPTO NEWS

New Memecoin Crypto Tamadoge Rivals Babydoge and Floki Inu

Memecoins were launched with the intent to be a joke. What started with Dogecoin was further continued with the launch of Shiba Inu and other cryptocurrencies on similar lines.

As meme coins storm the crypto markets, each launch is coming in a newer set of functionality and problem-solving features. The added element of utility in meme coins has allowed them to be more than just a popularly phenomenon.

One such recently launched cryptocurrency is Tamadoge. With an intention of combining the mass appeal of meme coins and the utility of crypto projects, it is taking on the meme coin segment quite effectively.

What Makes Tamadoge Stand Out?

Tamadoge launched in July 2022. The cryptocurrency has its beta presale event going on, till 2nd September 2022 at a discounted price. As of publishing this article, the beta presale has raised 64,970.71 USDT, before the prices increase by 25%.

Investors can buy directly using their cards or can use USDT or ETH already in the wallet.

Once the presale ends, the users can claim the purchased Tamadoge using the claim page.

However, there are a few reasons which make Tamadoge stand out from the rest of the meme coin.

1.  No Transaction Tax

Transaction taxes are basically the taxes imposed by crypto projects, which involve the projects taking up a percentage of the tokens that are bought, sold or transferred.

Tamadoge has decided to do away with this model. The team at Tamadoge believes that the project should have a real value associated with itself, rather than just from the people trading the token.

2.  Added utility as a meme coin

Tamadoge is working towards providing an added utility to otherwise utility-lacking meme coins. With its efforts in the Play-to-earn industry, Tamadoge has been continuously providing newer and better functionalities to its users.

For instance, Tamadoge Pets and the Tamadoge NFTs are a vital part of the Tamaverse, that’s going to launch later, as per Tamadoge’s roadmap.

3.  Tamaverse

Tamadoge will include a virtual reality space called the Tamaverse. This virtual reality space, called the Tamaverse, will involve characters and elements related to the Tamadoge universe, such as Tamadoge Pets and NFTs.

The project is partnering with entities to allow users to walk and train their Tamadoge NFTs in the Tamaverse and more such functionalities.

4.  Tokenomics

Memecoins are infamous for having a bizarre number of token supplies. For instance, around 549 trillion Shiba Inu coins exist currently. Similarly, there are 420 quadrillion Baby Doge tokens, of which 125 quadrillions have been destroyed. Similarly, FLOKI has a total token supply of 10 trillion tokens.

This is where Tamadoge has been able to stand out. Tamadoge positions itself as a deflationary token. Right from the beginning, the cryptocurrency has a predefined max cap of 2 billion. Moreover, for every Tamadoge store purchase, 5% will be burnt using the burning mechanism.

Adding on, 30% of the tokens spent will be used for marketing and development, whereas the remaining 60% will go into the prize pool.

5.  Mobile-Friendly

Tamadoge’s website will be accompanied by a mobile app for its users.

The Tamadoge mobile app will facilitate users looking after their Tanadoge pet and checking in on the pet to ensure that it’s doing okay. The mobile app will have social sharing features to create a sense of community too. The Tamadoge app will be an exciting addition to the overall functionality of the Tamaverse.

It will be designed for users to stay close to their Tamadoge pets at all times.

6.  Revitalising P2E

The Tamadoge platform will also feature a Tamadoge battling arena. This is somewhat in line with Axie Infinity. This would allow Tamadoge pets to battle one another for experience points.

The highest earner in this gameplay would be the top Doge on the Tamadoge leaderboard for the week. The winner will get the rewards in the play-to-earn (P2E) pool set for the week.

Conclusion: Are Memecoins Relevant Now?

When meme coins began as a phenomenon, they mostly piggybacked on pop culture and mass appeal. However, as the crypto world evolved many meme coins have been able to evolve themselves accordingly.

FLOKI for instance is coming up with its own set of utilities such as charitability. The same goes for Tamadoge.

From being known as a volatile investment option, to come up with increased utility, meme coins are coming up to be a reliable option, with an added element of security.

While it is always recommended to conduct your own research and due diligence before investing, meme coins such as Tamadoge do provide an interesting incentive to diversify your investments.24

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Battle Infinity – New Crypto Presale

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PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit

In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased. While Ethereum will change::Listen

PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit

In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased. While Ethereum will change the consensus ruleset, a great number of crypto community members are attempting to guess where the hashrate will go after The Merge transition.

The Crypto Community Wants to Know Where Ethereum Miners Will Go After the Merge — There’s a Myriad of Different Theories

On August 11, 2022, Ethereum developers let the community know during a Consensus Layer Call livestream that The Merge will most likely happen on or around September 15th to the 16th. The following day, Ethereum co-founder Vitalik Buterin confirmed that The Merge would likely happen on September 15. “The terminal total difficulty has been set to 58750000000000000000000. This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine,” Buterin said.

Since then, the question everyone has been asking is where the current Ethereum hashrate will go after the transition takes place. There’s always been a lot of speculation that most of the ETH hashrate will move to Ethereum Classic (ETC), but that’s not everyone’s opinion. Besides the proposed ETHW fork expected to happen, which very well could take a fraction of the ETH hashrate, and there are crypto coin supporters that expect their chain will get added security. We also don’t know how much hashrate the potential proof-of-work Ethereum fork called ETHW will get after The Merge.

One supporter of the crypto asset project ravencoin (RVN) expects the RVN network will get a boost. “If there has ever been a time to own ravencoin, it’s right now,” he said. “Thousands of ethereum miners will be moving to ravencoin due to the end of mining next month for [Ethereum]. The next 2 years is huge for RVN.” So far, however, there’s been no meaningful transitions from the Ethereum network to any Ethash blockchains like RVN and ETC.

There was one significant hashrate drop the ETH network experienced and it started on June 6. Statistics show that on that day, there was 1.23 petahash per second (PH/s) or 1,230 terahash per second (TH/s) dedicated to the ETH chain. The data shows that roughly 230 TH/s has left the network, but none of the Ethash supporting blockchains have seen an accumulation of hash at this magnitude.

Ethereum Miners Are Seeing Bigger Profits by Sticking With the Chain Until the End — JPMorgan Strategists Think Ethereum Miners Will Face Shifts, Ethereum Classic Could Benefit

The reason being is it is still very profitable to mine ETH, in comparison to mining alternative Ethash supporting chains. Data shows that Bitmain’s Antminer E9 gets an estimated $60.55 per day with electrical costs at $0.12 per kilowatt hour (kWh). Bitmain’s machine is 2,400 megahash per second (MH/s), and Innosilicon’s A11 Pro with 1,500 MH/s can get an estimated $34.53 per day with energy costs at $0.12 per kWh. Presently, a large number of the top ETH mining pools mine the ETC chain as well. Some of ETH’s top miners also contribute hashrate to Ravencoin’s 2.31 TH/s and Ergo’s 11.95 TH/s.

With profits like these and the new Antminer E9 released during the first week of July, it’s more than likely that miners mining ether will stick to the ETH chain up until the very end. While ETH lost 230 TH/s, on July 4, 2022, ETC did see a small spike when 7.12 TH/s was added to the network since that time. JPMorgan’s recent weekly fund flows note, published on Wednesday, explained that The Merge transition could become volatile for ETH miners and ETC may reap the rewards. The investment bank noted that ETC saw a spike in July, and the weekly fund flows note also highlighted alternative crypto assets that use Ethash like ergo and ravencoin.

What do you think about The Merge and how miners will need to make a choice in 32 days when it comes to choosing an Ethash supporting blockchain? Let us know what you think about this subject in the comments section below.

New Memecoin Crypto Tamadoge Rivals Babydoge and Floki Inu

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