Dear Hivers, welcome back to a new installment of Token Review, today we are going to talk about Tamadoge
Tamadoge, is an animal-based P2E, and the token is a memecoin.
Like all games we have to perform tasks that obviously relate to game skill.
As soon as you register you have 20 free credits that later can be purchased by burning $tama tokens.
Registering is super easy you can use a google account directly or proceed normally with an email.
Once registered you can enter the game.
There are several options:
Tamadoge Run: It deals with a race inside a cemetery where you have to avoid ghosts and demons, very much in the style of Ghost'n'Goblins (game fans will remember it for sure!).
Super doge: A side-scrolling game where you have to retrieve as many coins as possible (see Mario Bros.)
Rocket Doge: your pet is equipped with a rocket and you're the one who has to pilot it: its life is in your hands!
To the Moon: Having abandoned the rocket we grab a spring and jump as far as we can...to the moon!
Tama Blast: an action game to be able to score goals by dodging penguins, a kind of field hockey.
Of course, connected to the game is also the possibility of buying NFTs to have a better chance of climbing the leaderboards.
Obviously, the goal of the game is to acquire as many tokens and credits as possible.
As for NFTs, there are 3 categories of them.
Common, Rare and Ultra Rare.
The characteristic thing is that the NFT is to be purchased, but we can create it as we like based on features that are displayed in the next screen.
Depending on the type of NFT we want to create, we have a different amount in $TAMA tokens.
The playful part of the project is finished, now we start talking about what can be done with TAMA tokens, at the blockchain level.
In addition to buying TAMA to participate in the game, we can also use said tokens to get rewards.
Beware, we are still talking about a memecoin, also called a shitcoin, so the volatility is extremely high and the price not really defined by the market but by the community, so You MUST TAKE GREAT CARE and use extremely strict money management.
As always said, in this case the term staking is a misnomer, as we provide liquidity tokens and do not validate any blockchain blocks. The correct term would be LENDING.
For this form of staking, an APY of 2.7 percent is promised, the figure is rather insignificant, but it could confirm that the project can sustain itself on its own.
As is the case with Binance Coin, Tamadoge, also uses burning, that is, decreasing the total supply of tokens in circulation.
We can call this procedure a token inflation control: when there are too many tokens in circulation and the price decreases, a certain amount is burned to restore the token's strength.
The operation is on a cyclical schedule defined by the project and can also be carried out by the community; in that case against 1 TAMA token burned by the community, equally 1 TAMA token is burned by the project.
In practice, community burning is worth double.
Tokenomics is very simple, 50% is earmarked for presale, 20% locked into the exchange pool, and 30% is locked for 10 years in order to give sustenance to the project.
The project is having some success mainly due to being a P2E, and the community's hope for a price rush in the coming period.
Objectively there are major basic shortcomings, highlighted by rather sloppy and simplistic tokenomics. To get to the key to the whole project, which is based on a memecoin that as we all know are flimsy.
So I reiterate what I said just above, if times try, but don't give too much confidence, it could become gambling, and cryptos are not such.
Until the next review!
