The Base network is on fire, and its latest meme coin has entered the market at full pace. Base Dawgz ($DAWGZ) is a Shiba Inu-inspired presale token that has raised over $400K on its opening day.
With provisions including multichain functionality, epic community rewards, and a solid meme game, it is no wonder this new project has hit the ground running.
The main selling point behind Base Dawgz is that it is launched on Base, Coinbase’s in-house Ethereum layer 2 network.
With the recent launch of Coinbase’s smart wallet, we could soon see droves of its 110 million users on-ramp with a more seamless user experience.
Base Dawgz’s base-jumping Shiba Inu-themed mascot is also turning heads.
And since seven of the top ten meme coins are dog-themed, the stars are aligned for Base Dawgz’s success.
But it’s more than just a funny mascot causing Base Dawgz’s hype.
While its primary residence is the Base network, Base Dawgz uses cross-chain technology to go multichain.
$DAWGZ can jump from Base to Solana, Ethereum, BSC, and Avalanche.
The presale is already live on each chain, and payments are accepted in ETH, SOL, BNB, AVAX, and USDT.
This interoperable approach widens Base Dawgz’s community-growing ability while offsetting the risk of overreliance on one blockchain.
In other words, Base Dawgz might be one of the most diversified meme coins out there.
And that’s not the only thing causing a buzz.
The team has also launched a staking layer, rewarding users with passive rewards for locking up their tokens.
In addition to cultivating token utility, this maneuver will minimize sell pressure, vastly improving the project’s supply and demand dynamics.
Base Dawgz’s “share-to-earn” airdrop is also causing a stir.
Community members can earn a portion of presale investments by sharing a referral code on social media.
Visit the Base Dawgz website, click the “refer and earn” button, and then connect your wallet to generate a code.
Successful referrals will earn 5% of the sale in $DAWGZ tokens, which will be paid out at the end of the presale.
This is a win-win $DAWGZ holders.
On the one hand, they can get paid to promote a new cryptocurrency that is already in high demand.
On the other hand, they are helping grow the project’s community, which could translate to a higher token value after the exchange launch.
With that, Base Dawgz is well-equipped for meme coin stardom.
An engaging mascot, multichain functionality, token utility, and community rewards are all driving $DAWGZ to become one of Base’s hottest launches.
Base Dawgz might be in the right place at the right time.
With over $400K in the bank on its opening day, it is clear that there is a real market appetite for the new presale.
While its novel use case is certainly helping, its early success mirrors that of the broader Base ecosystem.
Market leader Brett is on a tear, up 58% this week and currently defending a whopping $1.4 billion market cap. It’s all-time high came just 17 hours ago, reflecting the network’s immediate interest.
Other Base memes are also seeing success. For instance, runner-up Degen is up 7% this week, while the ecosystem’s third-latest token, Toshi, is up 41%.
But the most impressive gains come from Basenji, which has shot up by 259% this week.
According to CoinGecko data, the Base meme coin ecosystem has seen a 7% rise in value today and currently has a collective $2.2 billion market cap.
Meanwhile, the industry-wide meme coin market cap is down by 1.8%.
Evidently, blockchain markets matter. However, Base Dawgz’s multichain approach provides a significant upper hand.
The token also features a capped supply and no team allocation, which helps avoid some of the pitfalls seen with other meme coins.
With the presale ongoing, investors can buy $DAWGZ for $0.00479. However, this price will rise as the campaign advances, with the next uptick in four days.
So don’t miss out. Follow Base Dawgz on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.
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