How to Buy DogeBonk – Beginner’s Guide

DogeBonk is a relatively new crypto token with a strong meme following. Considering its low market capitalization, investors with a high-risk tolerance have taken an interest in this digital asset.

In this guide, not only do we explain how to buy Dogebonk – but we will also discuss the investment potential of this token.

Before learning how to invest in DogeBonk, it is crucial to be aware of the potential benefits and shortcomings of this project. As such, this guide will explore the ins and outs of DogeBonk in great detail.

Where to Buy DogeBonk

Since DogeBonk is a relatively new entry to the crypto market, it is only listed on a small number of exchanges.

One way to buy Dogebonk is to purchase the digital token directly via the project’s website. However, this requires investors to go through a third-party provider, which comes with additional fees that can go as high as 4%.

The alternative and perhaps most cost-effective way is to use a decentralized exchange that comes with minimal fees.

At the time of writing, PancakeSwap is one of the few platforms that support DOBO tokens.

So, let us take a closer look at PancakeSwap and its features.

PancakeSwap – Best Place to Buy DogeBonk

PancakeSwap is one of the best DeFi exchanges available today. It features a user-friendly interface, allowing investors to exchange cryptocurrencies in seconds. The platform was launched in September 2020 and is hosted on the Binance Smart Chain.

The most notable advantage of PancakeSwap is that it offers anonymity to its users. When using a centralized cryptocurrency exchange, investors will have to provide their personal information, such as a full name, date of birth, and contact details. On top of this, they will also have to verify their identity to be able to buy digital tokens such as DogeBonk.

However, with PancakeSwap, investors can simply connect their crypto wallet to the platform and swap one digital token for another. This decentralized exchange integrates with all the best crypto wallets available today, making it an accessible and easy-to-use platform. PancakeSwap charges a standard fee of 0.25% per slide when swapping cryptocurrencies.

This commission is split between liquidity pools and the platform’s treasury. Additionally, a portion of the fees collected is also used to buy back CAKE and burn it. For those unaware, CAKE is the native digital token of PancakeSwap.

Apart from its exchange services, PancakeSwap is also known for being one of the best yield farming crypto platforms in the market. It also offers niche services such as crypto lotteries and even holds trading competitions.

Furthermore, Investors can also consider PancakeSwap in order to make money with NFTs. – as it comes with a built-in marketplace for non-fungible tokens.

All that being said, bear in mind that PancakeSwap can be used to swap only BEP-20 tokens that run on the Binance Smart Chain, such as DogeBonk. This means that users cannot exchange any other cryptocurrencies, such as ERC-20 tokens, directly.

Instead, digital tokens built on other blockchains will have to be wrapped using the Binance Bridge and this – will need to be turned into BEP-20 tokens first, before investors can exchange them on PancakeSwap.

What is DogeBonk?

DogeBonk (DOBO) is a community-driven, meme-based cryptocurrency built on the Binance Smart Chain network. The token gained popularity in the crypto market by being the first cryptocurrency to go to space – although, technically, the token only touched the stratosphere. 

The DogeBonk community used a stratospheric weather balloon to take the DOBO token to the edge of space, where it floated for a few hours. The launch was filmed using an onboard camera and was streamed live on YouTube. And interestingly, the Twitter account of the token created a hashtag for the launch, ‘#SorryElon’, and marketed itself as the first digital token to beat Dogecoin to reach space.

In addition to this, the DogeBonk team also placed several advertisements in major cities across the world – stating that it is starting a ‘meme coin war’ against other popular tokens such as Shiba Inu and Floki. While all this buzz helped DogeBonk achieve some traction, the token failed to sustain the interest for an extended period of time.

So, is Dogebonk still a viable investment?

In the next section, let us take a closer look at the prospects of DogeBonk.

Is DogeBonk a Good Investment?

It is evident that DogeBonk was launched with the aim of becoming one of the best meme coins in the crypto space. However, even if meme coins manage to make headlines, they can be extremely volatile and highly risky.

With this in mind, let us consider what factors favor the growth of DogeBonk.

Passive Income From Reflections 

Most of the meme coins that are being launched these days do not have any particular utility. This is one of the main reasons why the majority of meme tokens fail to generate continued market interest. However, DogeBonk does come with some utilities.

DogeBonk has developed a static reward system to offer its investors incentives from ‘reflections’. DogeBonk transactions come with 10% taxation, out of which 5% is redistributed back to existing holders.

The rewards offered are in proportion to the amount of DogeBonk owned by the investor. This means that DOBO holders can profit by making passive income just by holding their tokens.

Ample Liquidity

As noted, 10% of every DogeBonk transaction of DogeBonk is collected as tax.

• While one half is used to fund reflections, the other 5% is used to add liquidity on PancakeSwap.
• To do this, the 5% is split into two – 50% is converted to Binance tokens, and the rest is kept as DogeBonk.
• This ensures that there is always sufficient liquidity for the BNB/DOBO pair on PancakeSwap.

According to the DogeBonk community, the price stability of the token can be improved by consistently adding liquidity. That being said, despite this strategy – the price of DogeBonk has remained volatile since its launch.

Automatic Burns

Like several other cryptocurrencies in circulation, DogeBonk is a deflationary token. To elaborate – there is a fixed supply of one quadrillion DOBO coins, and the developers continuously burn the coins in order to drive up the demand.

In fact, 30% of the total supply was already burned at the time of launch. Out of the remaining balance, 2% is set aside for development, leaving a community supply of 680 trillion.

On top of this, DogeBonk has also set up a burn wallet. This wallet also earns reflections, which are then continuously burned.

This means that, over time, the available supply of DOBO tokens will reduce and make the coin a low cap crypto gem. And if there is a demand for DogeBonk, in theory, the reduced supply can increase the token’s value.

MemeTool Feature

Another selling point of DogeBonk is its MemeTools platform. This is a crypto data aggregator platform focusing on smaller, community-driven projects. This tool also lets users check the credibility of a new crypto project using the in-built ‘rug checker’. 

However, it isn’t clear how the rug-checker works or what factors are evaluated to determine the integrity of the project. 

Moreover, in order to access the rug-checker feature, users need to be holding at least 3 billion DOBO tokens. This requirement can vary, depending on the price of the DOBO tokens.

Potential Risks of DogeBonk

In the points above, we discussed the factors that might make it worthwhile for an investor to buy DogeBonk tokens. However, as we analyze the project further, it is obvious that DogeBonk does not have any unique value proposition.

Being the first cryptocurrency to reach the ‘space’ does not offer any value to investors unless the coin is able to generate demand in the market.

Moreover, even though there is scope to earn a passive income, the rewards are offered in the form of DOBO tokens.

And at the time of writing, DogeBonk has a questionable value. Therefore, the passive income generated might not be of much value to investors.

In fact, DogeBonk comes across just the same as any other meme token that was launched in 2021, As such, if users decide to invest in DogeBonk, it is wise to keep stakes to an absolute minimum.

DogeBonk Coin Price

Prior to learning how to buy DogeBonk, investors should do independent research about this token. Now that we have covered what this coin offers, let us consider its market performance by looking at the DogeBonk chart.

As we discussed above, DogeBonk was launched in May 2021. However, it wasn’t until October 2021 that the coin started seeing some bullish action in the crypto market and became a crypto with the most potential.

By November 2021, the price of the DOBO crypto had already increased by nearly 4,500%.

But, by December 2021, DogeBonk started losing value – and quickly. Even launching the token to space did not help recover its price much. For the next six months, until May 2022, DogeBonk went through significant volatility.

At the time of writing, DogeBonk is trading at about $0.0000000068 – which is almost the same level as the initial launching price of the token.

DogeBonk Coin Price Prediction

As we have already covered, DogeBonk does not seem to bring anything new to the crypto market.

Therefore, there is no sure way of predicting how the DogeBonk price will shift in the future. At the time of writing, the digital token appears to be a heavily volatile and speculative investment.

Therefore, we would request that all readers proceed with caution if opting to invest in this digital token.

Investors might also want to consider other coins to buy on the dip to arrive at an informed decision.

DogeBonk Coin Video Analysis

DogeBonk: Are There any Better Alternatives?

DogeBonk’s performance clearly demonstrates that just being a meme coin is not sufficient to attract new investors, especially when there are several other most promising cryptocurrencies.

Instead, digital coins with unique use cases and applications offer better prospects for investors – especially in the long term.

In this regard, there is a new coin that was recently launched in the market – Tamadoge. Although Tamadoge advertises itself as a meme coin, its ecosystem offers many unique features that might make it an attractive choice for investors.

Read on to know more about the Tamadoge project and its native token, TAMA.

Tamadoge – Upcoming NFT Project With Massive Growth Potential

Tamadoge is a new crypto project that combines the features of a meme coin with the metaverse. The platform features a play to earn game, an NFT collection, and a native digital coin that facilitates rewards, the TAMA token. The TAMA token can be used to buy Tamadoge pets and other in-game assets.

The goal of the Tamadoge team is to capitalize on the popularity of the ‘Doge’ aesthetic and create one of the best NFT games of all time. The game will be set in the ‘Tamaverse’, the metaverse specifically designed by the project. The goal is to mint, breed, and battle Tamadoge pets, which come in the form of NFTs.

As players complete each task, they will be rewarded with ‘Dogepoints’. Players who earn the highest ‘Dogepoints’ per month will be offered additional rewards – paid in TAMA tokens. The game is still in its developmental stage and will officially be launched in 2023.

The platform has already commenced the presale of TAMA tokens, which will last until Q4 2022. Not so surprisingly, the platform has already attracted investments worth over $1.6 million. The presale will be sold out long before the proposed end date.

Tamadoge has a limited supply of two billion tokens, which makes the digital asset deflationary. After the presale is complete, the coins will be listed on a public DEX.

Ultimately, Tamadoge already differentiates itself by offering multiple ways to obtain rewards, especially when compared to other meme coins, which are largely devoid of any utility at all.

How to Buy Tamadoge – Detailed Tutorial

We started the guide by offering an overview of what DogeBonk is and how to purchase this token. However, we also pointed out that investing in pureplay meme coins such as DogeBonk carries a high level of risk.

Those looking at alternative investment opportunities might consider upcoming NFT projects such as Tamadoge, which has recently launched its own token via a presale campaign, TAMA.

Below, we have included a detailed breakdown of how to buy Tamadoge.

Step 1: Set Up a Crypto Wallet

The first requirement to buy Tamadoge is to set up a crypto wallet.

The best wallet to access the Tamadoge presale – which functions on the Ethereum blockchain, is MetaMask.

Download the MetaMask wallet via the app or browser extension and follow the on-screen instructions.

On the other hand, if investors already have their own crypto wallet, they can move on to step two.

Step 2: Buy Ethereum or USDT 

In order to purchase Tamadoge during the presale, investors will have to use either Ethereum or USDT. This means that they should have sufficient ETH or USDT tokens in their wallet before connecting to the Tamadoge presale dashboard.

Investors can use a regulated broker to buy Ethereum. This platform is easy to use and allows users to buy cryptocurrencies in less than five minutes with a debit/credit card or e-wallet.

The minimum investment required to buy Tamadoge via the presale is 1,000 TAMA tokens. After purchasing the cryptocurrency, transfer the tokens to the wallet.

Step 3: Connect Wallet to Tamadoge

Investors can now proceed to the Tamadoge website and click the ‘Connect Wallet’ option to continue.

Step 4: Buy Tamadoge

Finally, investors can specify the number of TAMA tokens they wish to purchase. Investors will have to purchase at least 1,000 TAMA tokens to meet the minimum requirement.

Next, users can choose between ETH or USDT as the payment option. Then, proceed to make the payment and complete the transaction.

At this stage, the purchase of TAMA is complete. However, the TAMA tokens cannot be claimed until the presale is completed.

Conclusion

While there might be a large number of meme coins in the market, this space is mostly dominated by tokens that are poorly designed or do not offer any value to investors. However, Tamadoge is created with the objective of disrupting this status quo.

It offers compelling features, mixing the world of play to earn games, meme coins, and the metaverse – all via a single ecosystem.

The coin is already selling out fast via its presale launch, with more than 75% of TAMA tokens sold in the first week of the campaign.

Tamadoge - The Play to Earn Dogecoin

Our Rating

• '10x - 50x Potential' - CNBC Report
• Deflationary, Low Supply - 2 Billion
• Listed on Bybit, OKX, Bitmart, LBank, MEXC, Uniswap
• Move to Earn, Metaverse Integration on Roadmap
• NFT Doge Pets - Potential for Mass Adoption

Buy TAMA

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