Searching for the next 50x crypto coin? We’ve got you covered with our guide on How to Buy PlayDoge ($PLAY) – a brand-new play-to-earn gaming ecosystem with tokenized rewards.
PlayDoge takes inspiration from the retro 90s game Tamagotchi; Players earn $PLAY tokens when feeding, training, and caring for their virtual pet.
$PLAY tokens are currently in presale, so crypto traders can invest at the lowest entry price. Read on, we explain how to buy PlayDoge tokens in under five minutes.
What to Know About PlayDoge and $PLAY Tokens
Let’s start with some key takeaways about PlayDoge, $PLAY tokens, and the recently launched presale:
- Play-to-Earn Ecosystem: While PlayDoge has meme-like features, its primary utility is a play-to-earn game. Similar to Tamagotchi, players breed a unique virtual pet. The objective is to care for the pet through feeding, training, playing, and other day-to-day activities. The PlayDoge game is mobile-based, meaning it has access to over a billion active players worldwide.
- Tokenized Rewards: PlayDoge’s native token is $PLAY – which operates on the BNB Chain. It provides utility for players, as $PLAY tokens are earned when progressing through the game. This ensures players are rewarded for their time and effort. $PLAY can also be staked for passive rewards. Staking APYs are currently 2,590%. But this will likely drop as more tokens are staked.
- Presale Project: PlayDoge is a brand-new crypto project. It’s currently in the presale stage, where investors can buy $PLAY tokens at a discounted price. The current price is $0.005 per $PLAY token. Prices will increase in three days. Further price hikes will continue until the presale finishes, meaning early participation is incentivized. Like other crypto fundraising campaigns, $PLAY will be listed on Bitcoin exchanges after the presale.
- Tokenomics: The total $PLAY supply is 9.4 billion tokens. 50% is being sold to presale buyers. The remaining tokens will be used for staking, liquidity, marketing, community rewards, and operating capital. No additional tokens will be created. The PlayDoge tokenomics have been audited by SolidProof.
While PlayDoge is an exciting project with huge upside potential – investors should consider the risks before proceeding. Many presale projects fail to deliver investment returns, so you could make a financial loss.
How to Buy PlayDoge ($PLAY): Step-by-Step Walkthrough
The best crypto presales allow investors to buy tokens without using a centralized exchange. PlayDoge is no different.
The presale is hosted on the PlayDoge website, so investors simply need to connect a wallet, choose a payment currency, and enter the purchase size. After the presale, investors can claim their $PLAY tokens. This ensures a fair launch before the exchange listing.
If you’re new to presale campaigns, we’ll now explain how to buy PlayDoge every step of the way.
Step 1: Get a Crypto Wallet That Supports the BNB Chain
The first step is to download a reputable and safe crypto wallet. The wallet should support the BNB Chain. This is because the PlayDoge presale accepts BNB and USDT on the BEP-20 standard.
If you don’t currently have a suitable wallet, consider Trust Wallet – which comes pre-installed with the BNB Chain. Trust Wallet is free and can be downloaded as a browser extension or a mobile app.
Note: The PlayDoge presale also accepts ETH on the Ethereum network. However, presale buyers using ETH aren’t eligible for staking rewards, putting them at a disadvantage over other investors.
Step 2: Add Tokens to the Crypto Wallet
Now that you have a suitable crypto wallet, you’ll need to add some tokens. These tokens will be swapped for $PLAY when completing the presale purchase. As mentioned, you’ll either need BNB or USDT on the BNB Chain network.
If you don’t currently have any BNB or USDT, you’ve got two options:
- Option 1: Use a Crypto Exchange – You can easily buy BNB or USDT from a crypto exchange. Many exchanges accept local bank transfers, Visa, MasterCard, and other convenient payment types. After buying some tokens, transfer them to your crypto wallet. If using Trust Wallet, click on ‘BNB’, ‘Receive’, and ‘Copy’. Paste the BNB Chain address into the exchange when requesting a withdrawal.
- Option 2: Buy Tokens From Trust Wallet – The fastest way to buy BNB or USDT is directly on Trust Wallet. Multiple payment types are accepted, including debit/credit cards. The purchase will be facilitated by a third-party gateway, meaning higher fees. That said, the tokens will instantly be added to your Trust Wallet balance for added convenience.
Note that both options require a KYC process. This means you’ll be asked to provide personal information and a government-issued ID. This is due to anti-money laundering controls.
Step 3: Connect the Crypto Wallet to PlayDoge
Next, visit the PlayDoge website. You’ll see the presale dashboard to the right of the screen. Click the ‘Connect Wallet’ button and select your wallet provider.
- If you’re using Trust Wallet, choose ‘WalletConnect’.
- Within the Trust Wallet app, click on ‘Settings’, followed by ‘WalletConnect’, and scan the QR code shown on the PlayDoge website.
- If you’re using the Trust Wallet browser extension, you can copy and paste the unique code shown by WalletConnect.
All options require you to confirm the connection to PlayDoge from within the wallet. This is a security step that ensures only you can authorize wallet connections.
Step 4: Fill Out the PlayDoge Presale Form
The next step is to fill out the PlayDoge presale form. First, choose the cryptocurrency you’ll be using to pay for the presale investment. Then, type in the number of tokens you’re investing.
In our example, we’re investing 5 BNB. The current presale price is just $0.005, meaning we get 586,426 $PLAY tokens. Check everything has been entered correctly and confirm. You’ll need to authorize the presale investment from within your wallet.
A notification will appear; clicking it will take you straight to the required screen. That’s it – you’ve completed the presale purchase.
Step 5: Stake $PLAY Tokens (Optional Step)
You won’t receive your $PLAY tokens until the presale finishes. That said, presale investors get exclusive access to the PlayDoge staking tool.
This means you can earn passive rewards while the presale is still ongoing. And thus – you’ll increase the number of $PLAY tokens you own.
To stake your tokens, click on ‘Staking’ and re-connect your wallet if asked to do so. Confirm the staking transfer and disconnect your wallet.
Step 6: Claim $PLAY Tokens
Your $PLAY tokens can be claimed once the presale concludes. PlayDoge will make an announcement when token claiming is open.
When it is, go back to the PlayDoge website, connect your wallet, and claim the tokens. They’ll then be transferred to your wallet. Make sure you’re connecting the same wallet as used when investing.
What is PlayDoge?
At first glance, PlayDoge appears to be yet another meme coin based on the Dogecoin theme. While this is partly true, PlayDoge is a lot more than just a meme project. On the contrary, PlayDoge has developed an innovative play-to-earn game. It’s loosely based on the Tamagotchi concept, a popular game from the 1990s.
This is because players are required to breed and care for a virtual pet. Failing to do so will mean the pet runs away or dies – meaning players exit the game. Some of the must-do tasks include feeding the pet, playing with it, and providing entertainment. As the virtual pet grows, players are rewarded with $PLAY tokens.
Put otherwise, players are incentivized to progress through the game, as rewards are directly correlated to time and effort. In addition, PlayDoge also comes with mini arcade games. These follow retro-like 2D graphics, as found with early-genesis consoles like GameBoy and the Sega Mega Drive.
The PlayDoge development team has opted for a mobile-based game, which is a smart move. After all, more than a billion gamers are active on smartphones, meaning PlayDoge has access to a huge market. PlayDoge will be downloadable as a mobile app from Google Play and the App Store.
Tokenomics
Although $PLAY’s primary use is as an in-game rewards currency, the tokens will be listed on crypto exchanges. This will enable buyers and sellers to trade $PLAY, just like any other token.
As such, some people will buy $PLAY for investment purposes, hoping its price increases. If you sit within this category, it’s important to understand PlayDoge’s tokenomics – which are summarized below:
- Total $PLAY Supply: 9.4 billion
- 50%: Presale investors
- 12.5%: Marketing
- 12.5%: Project funds
- 11.5%: Liquidity
- 7.5%: Community rewards
- 6%: Staking
Is PlayDoge a Good Buy?
Now let’s take a closer look at PlayDoge’s investment thesis. This will help you answer the question: Is $PLAY a good buy?
- Invest From the Ground Up: One of the top benefits of investing in presales is you’ll be buying into the project before it lists on exchanges. This means you’ll be one of the first PlayDoge investors, so you’ll have an early-mover advantage. Additionally, the PlayDoge presale incentives early investments with a discounted price. This can offer an immediate upside.
- Play-to-Earn Gaming is a Huge Market: At its core, PlayDoge is a play-to-earn blockchain project. According to Grand View Research, blockchain gaming will generate annual revenues of over $300 billion by 2030. This translates to a compound annual growth rate (CAGR) of 68.3% from current valuations. As such, PlayDoge investors can enter the play-to-earn market while it’s still heavily undervalued.
- Token Utility: PlayDoge’s native cryptocurrency, $PLAY, is a utility token. Most top-100 cryptocurrencies offer utility, as people have a reason to buy and hold the respective tokens. This means PlayDoge could generate organic growth as its play-to-earn game attracts new players. What’s more, the PlayDoge supply is capped at 9.4 billion tokens, so there’s no concern about holders being diluted.
PlayDoge Price Potential – What to Consider
PlayDoge is a presale project, meaning its tokens don’t currently trade on crypto exchanges. This also means that PlayDoge’s market capitalization is unknown. As such, any $PLAY price predictions are purely speculative. Nonetheless, like most presales, PlayDoge will likely be listed with a small valuation, meaning investors should expect increased volatility.
Having a small valuation also means that investors can target a substantial upside. Unlike large caps, even marginal buying pressure can increase $PLAY’s token price rapidly. We should also mention that during the prior bull market, play-to-earn games were some of the top performers.
- Take Axie Infinity as a prime example. Its native token, AXS, was launched in January 2021 at $0.1798. AXS hit all-time highs of $165.37 just 11 months later. This valued Axie Infinity at almost $10 billion.
- Similarly, Illuvium – another play-to-earn game, was launched in July 2021 at $47.31. Illuvium surpassed $1,800 in December 2021 – meaning gains of 3,700% in just seven months.
There are many other examples of play-to-earn gaming projects that have exploded in value. While PlayDoge offers similar characteristics to many of these projects, there’s no guarantee it will generate investment returns. Like all new cryptocurrency launches, PlayDoge should be considered a high-risk investment.
Conclusion
PlayDoge has every chance of becoming the next play-to-earn success story. Its mobile game will appeal to many users; the aim is to care for a virtual pet – just like the Tamagotchi game from the 1990s.
Tasks include providing entertainment, feeding, and training. Players are rewarded for their efforts with $PLAY tokens – which are currently being sold to crypto presale investors. The PlayDoge presale has just launched, meaning early buyers can secure the best price.
FAQs
What is PlayDoge?
PlayDoge is a new play-to-earn game with similarities to the 90s retro game Tamagotchi. Players must care for their virtual pet through training, feeding, and other day-to-day tasks. As the virtual pet grows, players earn $PLAY tokens.
How many $PLAY tokens are there?
The total supply of $PLAY is 9.4 billion tokens. 50% of the token supply will be sold to presale investors.
How to buy PlayDoge tokens?
PlayDoge tokens can be bought from the presale website. Connect a wallet, choose an investment currency (BNB, USDT, or ETH), and type in the number of $PLAY to buy. After the presale is over, investors can claim their $PLAY tokens.
References
- PlayDoge Whitepaper (PlayDoge)
- PlayDoge Security Audit (SolidProof)
- Number of Mobile Game Users Worldwide From 2017 to 2027 (Statista)
- Blockchain In Gaming Market Size, Share & Trends Analysis Report (Grand View Research)
