AiDoge is the latest blockchain project to capitalize on the rapid growth of artificial intelligence (AI).
This new project has built a decentralized tool that enables users to instantly create unique memes from simple text prompts.
Read on to learn about AiDoge, including how to buy its native token, $AI – which has now completed its presale and is available to buy on its website.
What is AiDoge Crypto?
AiDoge is a recently founded blockchain project that has built a meme generation tool that is fueled by AI. In a nutshell, users can enter simple text prompts explaining what memes they want to create. Then, the AiDoge tool will not only generate a high-quality meme based on the prompt but one that is 100% unique.
AiDoge has clearly found a gap in the market, considering that millions of memes are shared each and every week. Memes are especially powerful during political events too. For example, a recent study found that during the 2017 UK general election, just 30 memes alone attracted more than 45 million views.
AiDoge is taking things to the next level by automating the meme generation process. Each generation is exclusive from the next, this alleviates the issue of the same memes circulating the internet time and time again. Another notable feature of AiDoge is that all memes generated by users can be minted as an NFT.
This means that the user can prove they were the individual to create the meme. In the current market, ownership is nearly impossible to prove. To access the AiDoge platform to create memes, users will need to purchase credits. Each meme generated will deduct a certain number of credits from the user’s balance.
The only way to buy AiDoge credits is with the project’s native token – $AI. This means that the $AI token has real-world use cases. Not only as a payment currency but as an investment vehicle.
AiDoge offered 50% of the $AI supply via a presale campaign, which sold out its $14.9 million hard cap in just four weeks.
At the time of writing, the $AI token can still be purchased on the AiDoge website after the token launched on June 19.
How Does AiDoge Work?
Key Points on AiDoge:
- The AiDoge platform uses sophisticated AI algorithms to generate quality memes which are trained on meme datasets and crypto news.
- The AI processes the input from the user and then creates relevant and engaging memes. There’s also a public wall for sharing and voting on memes.
- AiDoge uses the native $AI token as the main utility token for buying credits to create new memes.
- The presale sold out its $14.9 million hard cap in just four weeks.
- $AI tokens can still be purchased on the AiDoge website.
One of the best things about this new cryptocurrency project is that it operates a simple yet highly innovative model. In simple terms, AiDoge enables users to automatically generate memes. This is achieved by providing AiDoge with a text prompt.
For example, the prompt might ask AiDoge to create a meme based on politics, entertainment, social issues, celebrities, or sports – the possibilities are endless. This is because memes are generated by AI. Moreover, each meme is unique from the next and comes with a high-quality image.
This makes AiDoge memes highly shareable. But before users can create memes, they first need some credits. And as noted above, credits can only be obtained with $AI tokens. This ensures that $AI holders are invested in cryptocurrency that has real-world utility.
We also found that AiDoge will offer staking tools to receive credits. This enables users to generate additional memes without needing to spend anything extra. And in the meantime, staked tokens help keep the AiDoge ecosystem safe and sustainable.
For further details you can read the AiDoge whitepaper and join the Telegram community.
What Makes AiDoge Unique?
The best cryptos to buy offer investors access to a unique product, service, or concept. Let’s explore what makes AiDoge suitable for growth investors.
High-Quality and Unique Memes
As mentioned earlier, millions of memes are shared across social media weekly. However, many popular memes that are shared contain the same image. The only difference is that the text has been changed.
AiDoge solves this issue through AI. This is because the underlying AI protocol will generate memes that are unique. This means each meme has its own high-quality image. This enables users to share their memes online with a chance of going viral.
Verified Ownership
Another issue in the current market is that it is nearly impossible to evaluate who created a meme – especially those that go viral. After all, memes that go viral will often be viewed and shared many millions of times over.
AiDoge memes, on the other hand, are backed by blockchain technology. In turn, each meme is backed by a unique NFT. This proves beyond doubt that the user owns the meme.
Meme Rewards
We also found that AiDoge is creating a public wall that will display the most popular memes created via its AI tool. This is based on a fair and transparent voting system, with the community able to upvote or downvote the memes that have been created.
As memes accumulate more votes, they stand a chance of appearing on the AiDoge public wall. In turn, this increases the odds of the meme going viral. Not only that, but users with memes appearing on the public wall will earn free crypto rewards, introducing a ‘meme to earn’ mechanic.
Credit System
Many AI tools require users to purchase credits. This is to avoid system overload and to ensure that bots and bad actors do not attack the technology.
In the case of AiDoge, users need to use credits every time they wish to create a new meme. Users will need to use $AI to buy credits. This means the AiDoge tokens will remain in demand for as long as people wish to use its meme-generation tool.
More people buying $AI tokens will positively impact its price, as per the laws of market forces.
Staking Mechanism
AiDoge has also built a staking mechanism, ensuring that its ecosystem remains secure and protecting the integrity of $AI tokens. Put simply, users are incentivized to stake their $AI, as this will yield free credits.
More credits mean more memes. This will also appeal to $AI investors. After all, as more tokens are locked in a staking pool, this reduces selling pressure.
Is AiDoge Token Worth Investing In?
- AIDoge is attracting attention for its unique AI meme generation utility, with the AI market set to reach $15 trillion by 2030
Investors need to conduct lots of research when evaluating new cryptocurrencies.
Here’s what to consider when assessing the potential of AiDoge.
Utility Tokens Lead the Way
When assessing the most valuable cryptocurrencies in the market, most have one thing in common – utility. That is to say, successful blockchain projects have a native token that has real-world use cases. This is in contrast to meme coins, which are purchased for speculative reasons.
This is why AiDoge has every chance of success in the long run. Its native token, $AI, is required to access its meme generation tool. Considering the quality and uniqueness of its AI-backed product, many analysts believe that $AI token could witness significant demand in the coming years.
Enter the Market at a Low Valuation
It goes without saying that growth investors target crypto projects with a micro or small market capitalization. This is because the respective token has a significant amount of upside, should the project take off.
- We found that the largest market capitalization that AiDoge can be listed at is just $29.8 million.
- The reason for this is that the presale sold 50% of the total supply and the $14.9 million hard cap sold out in four weeks.
Crucially, a market capitalization of under $30 million will appeal to long-term investors seeking unprecedented growth.
Moreover, once the AiDoge meme generation hits the market, people will need to buy $AI to access credits. As such, entering the market when the project has a small market capitalization could be a smart move.
In our AiDoge price prediction we explore the potential peaks and troughs of this new AI crypto project.
Exponential Growth of the AI Market
AI is the hottest trend right now, which bodes well for those investing in the AiDoge presale. According to PwC research, the global AI market could be worth over $15 trillion by 2030.
In its current form, however, AI is still an emerging technology. As such, those looking to invest in growth markets might find AiDoge suitable for their investment portfolio.
Some would argue that investing in AI today is similar to buying internet stocks in the 1990s, such as Google and Amazon.
The Team Behind AiDoge
The AiDoge whitepaper notes that the development team collectively has decades’ worth of experience in artificial intelligence, machine learning, blockchain technology, and marketing. With that said, the team has opted to remain anonymous.
While for some this might present a red flag, consider that some of the most successful crypto projects also have anonymous founders. At the forefront of this is the world’s largest and most valuable cryptocurrency – Bitcoin.
On the flip side, investing in a new crypto startup without knowing who the core team is does present additional risks. As such, investors will need to factor this into their AiDoge investment thesis.
AiDoge Roadmap & Future Outlook
Although AiDoge has just ended its presale campaign, its meme-generation tool is already close to completion. The core team is finalizing a few specifics, notably the credit system and public wallet.
AiDoge is now available to purchase by the public having launched on June 19. More decentralized and centralized exchanges will be announced in the near future.
Once the AiDoge meme generation platform goes live, users will be able to buy credits and begin creating memes. Therefore, Q4 2023 is the period that analysts believe demand for $AI could surge.
As noted, without $AI tokens, users cannot buy credits to create memes.
AiDoge Tokenomics
Before we explain how to buy AiDoge tokens at the best price possible, let’s cover the fundamentals of its tokenomics.
- Total $AI Token Supply: 1 trillion
- $AI Tokens Sold in the Presale: 500 billion
- Presale Hard Cap Target: $14.9 million
As per the above, 50% of the $AI token supply sold during the presale, reaching its $14.9 million hard cap in four weeks. In turn, the starting market capitalization once $AI is listed will be $29.8 million.
The remaining 50% of the allocation has been split four ways, with the community rewards program, liquidity and listings, vested reserve and team each getting 12.5%, of 125 billion tokens of the supply.
The team allowance has been vested for 10 years, proving the developers’ long-term commitment to the success of the project.
How to Buy AiDoge
Having researched the project extensively, some investors will be wondering how to invest in AiDoge.
Beginners will appreciate the step-by-step guide below, which is still valid despite the IEO taking place on June 19.
Step 1: Download MetaMask
In our view, MetaMask is the best independent crypto wallet to use when investing. Many investors prefer investing via a laptop or desktop device, so the MetaMask browser extension is ideal. MetaMask is also available as an iOS and Android app.
After downloading MetaMask, set it up by choosing a strong password. Most importantly, write down the unique 12-word phrase. This will be required if the password is forgotten or the device is lost or damaged.
Step 2: Buy Tokens and Transfer to MetaMask
By default, MetaMask is a crypto wallet that connects to the Ethereum network.
As such, it’s best to add Ethereum tokens to MetaMask. Tether is also an option, which uses the same wallet address as Ethereum, but some ETH will be needed to cover gas fees (Ethereum network/transaction fees) as $AI is an ERC-20 token.
ETH and USDT can be bought directly on MetaMask with a bank card via trusted third-party apps such as Transak or MoonPay.
Alternatively, copy the wallet address from MetaMask and transfer tokens from another exchange.
Step 3: Connect Wallet
The investor will now need to connect their crypto wallet to the visit the AiDoge website. Click ‘Connect’ and then select ‘MetaMask’ once the pop-up box appears.
Step 4: Set Up Order and Buy AiDoge Tokens
Once MetaMask has been connected and is funded with ETH or USDT tokens, look for the order box on screen and choose ETH or USDT.
In our example from stage 1 of the presale, we have selected ETH. Type in the number of tokens to swap for AiDoge. For instance, we have typed in 0.04 ETH, and the equivalent number of $AI has been updated.
Check everything is correct and click on ‘Buy Now’.
Another pop-up box will appear that will ask the user to confirm the transaction and accept the ETH gas fee – which can vary depending on how busy the network is.
Click ‘accept’ and wait a short while for the transaction to complete. Tokens should then appear in the MetaMask wallet.
Conclusion
The AiDoge presale was a major hit with growth investors and sold out its $14.9 million hard cap in just four weeks.
Its AI generation tool creates superb memes that are unique, and backed by NFTs, with users simply needing to enter text describing the meme they want, and AiDoge will automatically generate it.
The project’s utility token, $AI, is required to purchase credits and subsequently generate memes. It also functions as a rewards token – a ‘meme to earn’ crypto project for the best creations that is a relatively unique concept.
$AI tokens are still available to buy on the AiDoge website having launched its IEO on June 19.