Base Dawgz (DAWGZ) Multichain Token Launches on DEXs

Base Dawgz (DAWGZ) Multichain Token Launches on DEXs

Base’s first multichain token, Base Dawgz ($DAWGZ), launched on decentralized exchanges (DEXs) today. $DAWGZ debuted at 18:00 CET, and within the first few minutes, it showcased bullish momentum, though some profit-taking followed.

Key Features of $DAWGZ

The Base Dawgz token launched with independent contracts on both the Base and Solana chains, giving traders a choice of two liquidity pools. $DAWGZ’s price on the Base ETH pair reached $0.005610 within minutes of trading. The SOL pair can be tracked on Dexscreener.

• Independent token contracts on Base and Solana
• Initial price of $0.005610 on the Base ETH pair
• Available on multiple DEXs with two liquidity pools

Despite an initial sell-off, a buyback is anticipated. Presale buyers received their tokens via an airdrop to either their EVM or SOL wallets, depending on the chain they bought $DAWGZ on. As presale buyers look to average down their purchases, new entrants may find opportunities to capitalize on a rebound, with prices currently around $0.0023.

Strong Staking Activity and $DAWGZ Presale Success

The $DAWGZ presale raised $3.36 million, heightening expectations due to its interoperability features. To add to the excitement, 39.9% of tokens sold during the presale have already been staked. These stakers must hold their tokens for a seven-day lock period to earn rewards.

• Raised $3.36 million in presale
• 39.9% of tokens staked at launch
• Post-launch staking available only on the Base chain

Multichain Utility and Interoperability

$DAWGZ leverages Wormhole and Portal Bridge technologies to provide multichain functionality. This allows it to be traded across Base, Ethereum, Solana, Avalanche, and Binance Smart Chain (BSC). Despite broader market concerns, Base Dawgz has seen strong price action, likely bolstered by its unique feature set and the growing popularity of the Base chain.

• Multichain utility across five major chains
• Utilizes Wormhole and Portal Bridge technology

The Base Chain: A Strong Foundation

Launched by Coinbase in August 2023, the Base chain, an Ethereum Layer 2, has gained significant traction in the crypto space. With a Total Value Locked (TVL) of $1.468 billion, Base has shown resilience, consolidating around current levels, unlike other chains that have seen declines.

• Base chain TVL: $1.468 billion
• Fifth in trading volume with $16.7 billion in August

Base Dawgz: A Standout in the Meme Coin Market

The Base network has rapidly become home to a variety of meme coins, with Brett ($BRETT) leading the pack. $DAWGZ is poised to become the leading dog-themed meme coin on Base, with the potential for substantial gains. For example, Brett has delivered returns of over 8,000% since its low, indicating the strong potential for $DAWGZ to follow a similar trajectory.

• $BRETT: 8,234% return from all-time low
• Potential for $DAWGZ to deliver 8,000%+ gains

Why $DAWGZ Fills a Critical Gap on Base

Interestingly, the Base network has a shortage of dog-themed meme coins, which provides an opportunity for $DAWGZ to stand out. Solana, for instance, features popular dog coins like DogWifHat ($WIF) and Bonk ($BONK), but Base has no serious Shiba Inu competitors. This opens the door for $DAWGZ to capture market share and grow in prominence.

• Few dog-themed meme coins on Base
• Potential to rival Solana’s popular dog tokens

Conclusion

Base Dawgz ($DAWGZ) is proving to be a formidable new entrant in the meme coin space, backed by strong interoperability, staking incentives, and a unique position on the Base chain. With its multichain utility and strong community interest, $DAWGZ is well-positioned to capitalize on its potential and grow in the competitive crypto market.