First Multichain Base Token Dawgz (DAWGZ) Debuts on DEXs

Base’s first multichain token, Base Dawgz ($DAWGZ), launched today on decentralized exchanges.

$DAWGZ debuted on DEX at 18:00 CET and during its first few minutes in the open market, it showed its bullish intent, although it succumbed to profit-taking.

Base Jump coin launches with independent token contracts for the Base and Solana chains, giving traders a choice between two liquidity pools.

The price of $DAWGZ on the main ETH Base pair reached $0.005610 in the first minutes of trading. The SOL pair is available on Dexscreener.

After the initial sale, a massive buyback is expected to take place. All presale buyers received their tokens via airdrop to their EVM or SOL wallet, depending on which version of $DAWGZ they purchased.

Pre-sale buyers may look to reduce their initial purchase price, while new entrants are likely to be attracted by the prospect of a solid rebound from current prices around $0.0023.

Having raised $3,358,012 in its pre-sale, the launch was highly anticipated due to its unique interoperability features.

Get ready for the $DAWGZ launch:

Solana:
If you joined via Solana, your tokens will be deposited to your wallet on the Solana chain.

EVM Channels:
If you joined the network via Ethereum, Base, BSC, or AVAX, your tokens will be airdropped to the Base chain. This means you need to:
➡️ Add a base… pic.twitter.com/4AFAPrqW23

— Base Dawgz (@BaseDawgz) September 5, 2024

Strong Staking Activity Signals Long-Term Commitment to $DAWGZ

In the meantime, the 39.9% of presale tokens that have been staked help mitigate any emerging selling pressure at launch. In order to earn rewards, stakers must not move or trade their tokens during the seven-day lock-up period.

Pre-sale buyers were able to stake on both Base and Solana chains, but post-launch staking is only available on Base.

Aside from the two liquidity pools, the token’s main feature is its multi-chain utility. $DAWGZ uses Wormhole and Portal Bridge technology to enable multi-chain functionality, meaning it can be traded on Base, Ethereum, Solana, Avalanche, and BNB Smart Chain (BSC).

Despite the jitters in the broader cryptocurrency market, Base Dawgz is showing robust price action, likely due to its strong feature set and choice of the native Base chain, which has gained popularity in the crypto space.

The total value of assets locked (TVL) on the Base chain is $1.468 billion. However, this impressive figure is not all.

Source: DefiLlama

Launched by Coinbase, the leading US exchange, in August 2023, Base is an Ethereum Layer 2 that has been well received by market participants.

During its short lifecycle, it has proven to be one of the best performing channels in terms of TVL, which has consolidated around current levels while many other channels have lost value.

With cryptocurrencies like BRETT lighting up the ether, Base has secured its place among the top channels in terms of trading volume. This means that Base Dawgz made a smart choice in choosing Base as his home channel. The visibility on Base of this new meme cryptocurrency sporting a unique design proposition is why the chatter has already been intense and is set to intensify.

In August alone, trading volume reached $16.7 billion, placing the chain fifth in the rankings, with Ethereum in first place with $52 billion.

Additionally, due to its multi-chain design, by purchasing $DAWGZ, traders have easy access to Solana ($42 billion trading volume in August), BNB Chain ($20.6 billion), and of course Ethereum.

$DAWGZ Is About To Become The Leading Dog Meme Coin On Earth – Here’s How $500 Can Become $41,670

Since its inception, the Base network has amassed a remarkable collection of meme pieces.

Crypto data site CoinGecko ranks Brett ($BRETT) seventh with a market cap of $701.9 million. Brett is the base meme currency to catch.

Those who bought BRETT at its all-time low six months ago will enjoy a return of 8,234% today, despite the retracement in valuations in recent weeks.

Also keep in mind that BRETT is 63% off its all-time high of $0.1933 from $0.0708. This suggests that early buyers of large base coins like BRETT, and likely $DAWGZ as well, will have plenty of room to secure outsized alpha even if the current overall market weakness persists.

The weak market is also a boon for new entrants into the Base category. New buyers will be looking for bargains and with gains of over 8,000%, a real possibility for success for a meme coin, there is every reason to allocate funds to $DAWGZ.

Breaking that down into dollars, a $500 investment would have turned into $41,670.

Base Lacks Serious Coins for Dog Memes – $DAWGZ Fills the Void

Interestingly, the Base Network meme coin list is light on dog-themed tokens – and that’s very good news for $DAWGZ. There are none in the top 10, as compiled by Coinmarketcap.

For comparison, Solana’s two top meme coins are dog-themed tokens: DogWifHat ($WIF) and Bonk ($BONK).

To put it simply, until now there has been no serious Shiba Inu token in the core ecosystem for the community to support.

There are, of course, easy-to-use coin-making platforms like base.fun, Base’s equivalent of Pump.fun. But there are clear signs that the market is growing tired of these shoddy offerings, allowing companies like Base Dawgz, which are very useful, to stand out from the crowd.

Investing funds in a disposable meme currency at this point is foolish. However, $DAWGZ is an entirely different species that is surely at the top of the watch list of many savvy meme currency trading experts.

As we have seen, the multichain token’s extensive reach gives it access to abundant liquidity, a significant advantage over tokens limited to single chains.

When markets are falling and the tide is going out, it’s easier to see which assets and coins are the strongest. Base Dawgz is showing today that it can hold up while others wither.

Join X and Telegram to stay up to date with the latest news from the project, because as $DAWGZ increases in value over the coming weeks, it could jump into the arms of some of the major centralized exchanges. Don’t miss out on this trip to the moon.