New Base Chain Meme Coin Base Dawgz Raises $200,000 Within Minutes of ICO Launch: Will It Skyrocket Like Brett?

The Base Dawgz ($DAWGZ) meme coin launches today and within minutes it has already raised over $200,000 in pre-sales.

A highly anticipated token launch, $DAWGZ capitalizes on the potential of its powerful base chain and leverages the magnetic appeal of the meme coin dog theme – seven of the top 10 meme coins feature a dog character.

Additionally, Base Dawgz offers a share-to-ear utility and will introduce staking rewards at a later date.

Although it is a relatively new chain, Basic market cap of meme coins amounts to over 2 billion dollars.

Base Dawgz’s primary home is on the Base chain, but as the website states, $DAWGZ is inspired by the “spirit of base jumping” and is interoperable across multiple chains.

In addition to Base, the Base Dawgz token is also on Ethereum, Solana, BNB Chain, and Avalanche.

$DAWGZ allows users to jump across blockchains, opening up the Layer 2 blockchain invented by Coinbase to traders and multi-chain users, thereby broadening its appeal.

Currently priced at just $0.00479 in Phase 1 of the presale, $DAWGZ can be purchased with ETH, SOL, BNB, AVAX, and USDT.

According to the website’s countdown, there are only six days left before the pre-sale price increases. The Stage 2 price hasn’t been announced yet, but that will likely prompt more buyers to commit to lock in the lowest prices.

Ready to jump? $DAWGZ available soon… pic.twitter.com/637BKfMJFa

— Basic Dawgz (@BaseDawgz) June 3, 2024

Base Dawgz Price Could Explode Like BRETT, Up 11.902%?

Coins like DEGEN and social media token Friend.tech have been making waves on Base. The first one in particular caught the attention of meme coin fans. Now Base Dawgz is the next trend as the Base meme coin.

While not yet at the height of WIF, BONK, TRUMP, or BODEN Solana meme coins, the Base meme coin communities around BRETT, NORMIE, and TOSHI are a force to be reckoned with today.

The market capitalization of DEGEN, the first meme coin that made waves on Base when it was launched four months ago, rose to $810 million at its peak.

That compares to the newer Base meme coin $BRETT, which broke into price discovery on June 2 with a new all-time market cap of $1.27 billion.

$BRETT is still trading at a level well above the $1 billion market cap, printing a price of $0.1182, up 22% in the last 24 hours alone at the time of writing (June 4).

Don’t miss: $TOSHI has a solid market cap of $211 million and isn’t far from a return to its all-time high

It’s fair to say that $DAWGZ is making its debut on Base at an excellent time, with Base meme coins like $BRETT ranking higher. The $BRETT price is up 11,902% since its launch in March and 66% higher in the past seven days.

Base Dawgz Meme Coin Boosts the Cultural Phenomenon that is Shiba Inu with Share-to-Earn and Multi-chain Flexibility

Community members are central to Base Dawgz’s marketing strategy, thanks to its share-to-earn system that pays out points rewards for sharing $DAWGZ-focused content on social media.

Simply click the ‘Refer & Earn’ button on the homepage and connect your wallet to generate your referral link. All referrers receive 5% of the amount contributed by the referee.

All content created and shared earns points that are redeemable for $DAWGZ tokens.

To earn rewards, participants must link their X account to verify shared content, claim the XP reward points and redeem them for $DAWGZ.

Base Dawgz is a virtuous circle that rewards the community’s creativity, which in turn helps grow the $DAWGZ community and the value of the token.

Fifteen percent of the total token supply of 8,453,000,000 is reserved for $DAWGZ rewards. Meanwhile, 20% of the token supply will be available for pre-sale purchase, 20% each for staking and liquidity, 15% for marketing and 10% for listing.

The basic Dawgz smart contract is checked by blockchain security company Solid Proof, indicating the professionalism and security of the project.

Furthermore, the contract cannot be upgraded and is completely waived, meaning the offer cannot be changed or backdoors can be introduced into the code with dishonest intentions. Suffice to say, Base Dawgz smart contract cannot burn or mint tokens.

Base Dawgz is poised to be a leading token on the base, which is about to close Solana

Solana came out of nowhere to become the dominant meme coin launch chain, but could Base be the next launch pad for cute, funny viral meme coins?

Unlike Solana, a Layer 1 blockchain, Base is a Layer 2 for Ethereum. Ethereum Layer 2 protocols such as Base exist to make Ethereum more scalable, making transactions faster and cheaper.

Although Base was only launched in August last year, it already achieves transactions per second of as many as 400, which is on par with Solana. The developers promise that there will be more improvements to come.

Solana has claimed real-time transactions per second (tps) as high as 1,000, but the majority of those are actually failed transactions. The high rate of failed transactions has been criticized as a factor undermining Solana’s hopes of becoming a reliable enterprise-ready trail for companies looking to adopt decentralized networks.

Base Dawgz benefits from cheap costs and more robust security on base

When it comes to gas fees, because Base is a Layer 2, it has a separate execution fee that is much cheaper than the security fee. The security fee is only paid when bundles of transactions are written to the Ethereum chain.

While Solana’s proof-of-history protocol means costs can be cheaper, Base has the advantage of using the more decentralized and therefore more secure Ethereum blockchain.

There are important differences in other fundamental areas that further support Base’s future expansion potential.

While Solana can still trump Base when it comes to on-chain transactions for now, by a very wide margin (4.5 million to 53 million), the market is a different story. fiat value of transfers from unique active wallets interaction with decentralized applications (dApps). Here, Base rakes in $1.76 billion, putting it fifth among all chains, versus $1.1 billion for Solana, according to dappradar data.

The unique value for active wallets reflects Base’s ability to leverage Coinbase’s rapidly growing user base, which according to information the company last reported in 2022, 110 million users worldwide.

If we also look at total value locked (TVL) as a way to measure the value of a chain, Base’s TVL shows an increasing trend since March this year and now stands at $1.7 billion.

The most significant jump occurred between mid-March and April, when TVL more than doubled from $670 to $1.58 billion, according to data compiled by DefiLama. Solana’s TVL is $4.8 billion.

Furthermore, the value of daily transaction volumes on Base is $320 million, which while less than half of Solana’s, at $733 million, is nevertheless an impressive number for a chain that has been around for barely a year.

Again, these data points all translate into big positives for Base Dawgz.

Next $BRETT on Base – Base Dawgz ($DAWGZ) to Offer 100x ROI?

All told, the chain fundamentals outlined above are all very encouraging signs that Base could be the next chain of choice for all things meme coins. And as a byproduct, the explosive growth in on-chain meme coin transactions could drive broader adoption of Base by proving its overall robustness.

All of this suggests that Base Dawgz is basically a meme coin, in the right place at the right time. Similar to $BRETT, a 100x return on investment could be in sight for $DAWGZ.

A fast-growing chain increasingly popular with meme coin traders, lucrative share-to-earn rewards, passive income from staking and the dominance of the Shiba Inu phenomenon in the top meme coin rankings means all the stars are aligned ​​for an explosive launch for $DAWGZ.

Don’t miss the next meme coin gem on Base – join the Base Dawgz community at X And Telegram.