In the first week of its presale, Base Dawgz (DAWGZ) has successfully raised over $750,000. However, will this cross-chain meme coin be able to sustain this favorable momentum until it is implemented on DEXs?
Meme coins have experienced an explosive 2024 thus far; however, retail investors are currently focused on a particular niche: base chain meme coins. These coins have been attracting significant liquidity, as they are constructed on Coinbase’s high-speed Base network.
The Base chain meme coin ecosystem has attracted investors due to its minimal gas fees, Ethereum compatibility, and a growing $2.6 billion market cap. BRETT and TOSHI are two of the most successful Base meme coins to date.
These coins generated substantial profits for their initial investors and currently possess a combined market capitalization of nearly $1.9 billion. Their exponential rallies serve as a testament to the potential of this industry, and Base Dawgz’s team aspires to replicate that level of expansion.
Although the primary chain of DAWGZ will be Base, the token is intended to function on a variety of blockchain networks. Holders of DAWGZ tokens have the ability to transmit them between Ethereum, Solana, Binance Smart Chain, Avalanche, and other platforms.
Therefore, Base Dawgz is positioning itself as a cross-chain token, in contrast to other meme currencies that are restricted to a single chain. The presale of Base Dawgz has been an immediate success among investors.
Investors have already contributed more than $750,000 to the crowdfunding event of the multi-chain coin in just seven days. It is evident why. The presale has been gamified by the Base Dawgz team, who have implemented a stage-based structure in which the price of DAWGZ increases every few days.
Early investors are gaining an advantage by purchasing at the current price of $0.000479. For optimal accessibility, investors may implement ETH, BNB, AVAX, or SOL.
It is all a component of the development team’s vision to render its meme coin as borderless and decentralized as feasible.
A complete 20% of the token supply has been reserved to ensure liquidity for the planned DEX listings after the presale concludes, as detailed in Base Dawgz’s whitepaper.
An additional 20% will be allocated for staking rewards, although the specifics of this rewards program have not yet been disclosed. Of course, a meme coin would be incomplete without a marketing budget.
The development team has complied by allocating 15% of the supply to the promotion of DAWGZ upon its release on the open market.
Base Dawgz’s “Share-to-Earn” marketing strategy has the potential to generate explosive potential, despite the fact that its cross-chain capabilities and presale are generating a significant amount of buzz.
The concept is straightforward: Base Dawgz is encouraging its community to share and promote the initiative on social media.
Community members can accumulate points that can be redeemed for DAWGZ after the presale concludes by producing content such as parodies or videos.
It is a growth strategy that capitalizes on the same viral energy that has previously driven meme coin boosters such as PEPE. However, this time, Base Dawgz is providing meme creators with a direct financial incentive.
Therefore, the DAWGZ brand becomes more broadly recognized as more users join and generate shareable content. And as the token value rises, it encourages even more community members to actively promote the project.
That innovative strategy is already paying dividends. Base Dawgz’s Twitter is closing in on 2,400 followers barely a week after launching, while its Telegram channel has grown to almost 800 members.
Prominent crypto YouTubers have taken notice of Base Dawgz, too. Matthew Perry outright speculated that it could become “the next BRETT coin” in a recent video.
Meanwhile, influential Twitter personality @Darke, with over 66,000 followers, has given the project a ringing endorsement. With this level of early hype, it’s clear that Base Dawgz’s approach is resonating with investors – making it a meme coin to watch in the weeks ahead.
