Game launch and token behavior
At first, the Dogami project was a simple Tamagochi-style game. The guys apparently sensed the market and on November 7 launched a new variation of their game - dog racing.
The token from the bottom has already made 5x. To reach the price of funds that entered 2 years ago, you need to make another 3 x ($0.133).
At the moment, 38% of tokens are in circulation, the team has confirmed the information.
FDV - $37.73 million
Team
From left to right: Adrien Magdelaine (co-founder and COO), Kristofer Dayne (co-founder and CBO), Max Stöckl (co-founder and CEO)
CEO Max Stöckl is a young Austrian entrepreneur who previously worked for 3 years as a consultant at the Boston Consulting Group.
Adrien Magdelaine was the co-founder of a website about pets for 12 years (Articles about their care, hygiene, etc.).
Kristofer Dayne is the most experienced on the team. Responsible for the Dogami brand. He has worked with many companies to create and promote the brand (including FC Milan and Real Madrid).
As an edit, we note that none of the three worked in gaming, IT, or crypto projects.
Funding
In the first round in 2021 collectedOpenSea the price for dogs starts from $135
Each dog has its own characteristics, such as swimming, jumping ability, etc.
The essence of the game:
- You look at what track there will be, you buy boosts depend on it, in some places they are needed for swimming, in others for speed, balance, etc.
- You start a race with other dogs, mostly bots, but there are also real users.
- Then points are awarded, you spend them on boosts for leveling up the characteristics of dogs, etc. Experience is also awarded, it is needed to increase the level, which in turn increases the skills and strength of the dog.
You can also pet, feed, etc. dogs in another application, similar to Tamagotchi.
How to farm DOGA:
- You can get tokens if you get to the top for the day in terms of the speed of completing different tracks, and participate in events.
The game has a staking system - you can stake farmed DOGA, either for 90 days (at 33% APR) or with a flexible staking (at 8% APR).
DOGA can be spent on breeding dogs.
There is also an in-game STAR token without cost. It can be earned from PVE and spent on PVP, various items and training. This STAR, as the admins say, was created to bypass the Apple Store.
How DOGA and STAR work
Competitors
Among the competitors, we remembered similar games about horse racing, which were very popular at the 2021 bullrun. Perhaps, as ideas, they are even more interesting, there is a top fund a16z and there have been serious collaborations with top brands. Over the past month, their tokens have already grown 3 times.
Zed Run ($48 million FDV)
Investments: $20 million from Andreessen Horowitz, TCG and Red Beard Ventures. The project also sold NFTs worth more than $30 million. And over the entire period, the volume on OpenSea amounted to $100+ million. The NFT component in DeRace and Dogami is much weaker than that of Zed Run, which even did collabs with Nascar, Budweiser, Atari and released limited skins horses.
DeRace ( $57 million FDV)
Valuation is higher than the others, although the funds are weaker - Animoca, Mgnr.io, CMS, x21.
Activity project
It is clear that the project has begun to be active on social media. networks and work with influencers:
- Merit Circle recently held a mini competition with Dogami. At first it seemed interesting, but the admins replied that this was not related to investment or faith in the project, but simply a marketing collab.
- hoeem (88K) notedGandalfCrypto (144K) shills the team and ecosystem.
- A week ago the project took part in a party at SandBox.
Result:
- The token trading volume over the last 24 hours does not exceed $200K and you can buy it for 2 CEX and on Uniswap (Polygon).
- You need to understand that this is a risky lowcap story with all that it entails - low liquidity and possible large spills at fault lines.
- No special skill is needed in the game, the game is casual. It is very difficult to make money from farming, since the rewards are small.
Pros:
- It looks like that the team is becoming more active - for example, on November 27 there was a listing on MEXC.
- A marketing campaign with influencers has also started.
- It is clear that the bulls were preparing for the start and immediately prepared announcements from Polygon. Tezos, on which the game was initially launched, is very bad and has 4 million transactions per month, when Polygon collects such numbers per day. Perhaps with the transition to Polygon there will be additional ones. listing on CEX.
The disadvantages:
- The team is weak, there are doubts about the money project. Perhaps they can promote the project through marketing.
- In fact, the Zed Run project looks more interesting.
Conclusion
An unremarkable game, one of many with a token for day. There is nothing to grab onto. An ordinary small-cap and not a smart idea.
