A crucial development during 2024 in web3 technology is blockchain interoperability. As more new and alternative chains develop, there is a greater need for crypto tokens to be interoperable, ensuring smooth and cross-efficient bridging.
One of the latest multi-chain cryptocurrencies to launch is Base Dawgz ($DAWGZ). This meme coin is built on Coinbase’s BASE chain and is interoperable with Ethereum, Solana, BNB Smart Chain, and Avalanche.
This guide will review Base Dawgz’s key project features and provide an illustrated step-by-step guide on how to buy Base Dawgz ($DAWGZ) in the official presale.
How to buy Base Dawgz (DAWGZ) – Step-by-step guide
Below is an illustrated, step-by-step guide on how to buy $DAWGZ in the official presale. The token is a BASE chain token; therefore, you must create and fund a crypto wallet.
Due to the BASE network being an Ethereum layer two chain, most well-known ERC20-compatible crypto wallets will allow you to switch to the BASE network.
Due to the volatile nature of new crypto coins, presales, and ICOs, it is good practice to do your own research and assess your own risk appetite before investing.
Step 1: Download MetaMask and create a new wallet
The first step to participating in the $DAWGZ presale is to create your own unique crypto wallet. Our experts recommend using MetaMask, as it is one of the most widely used crypto wallets. Alternatively, you can try Best Wallet, a multi-chain crypto wallet launched in 2024.
Visit the official MetaMask website to create your new crypto wallet. The website automatically detects whether you are using a mobile device or a PC web browser.
In this demonstration, we are using an Apple iOS device that MetaMask auto-detects. Select ‘Download on the app store’ to be taken to the download page. Now, wait for MetaMask to download fully.
When initially opening the app, you will be given the option to create a new wallet.
Step 2: Set a password and securely store the seed phrase
Next, you will be required to set a secure password for your new crypto wallet. You will need to confirm it by re-typing it, ensuring you have stored it securely. You will then be given the seed phrase which is the master unlock to your wallet.
The seed phrase is 12 words in a specific order. MetaMask advises you to write it down on a piece of paper and securely store it in a safe place. Once you have stored it securely, you will be asked to confirm the order of the words.
MetaMask recommends never taking a screenshot, writing it into cloud-backed notes, or storing it on any device that connects to the internet.
In any case, you should never share your seed phrase with anybody, which includes dubious actors pretending to be support staff of projects. The seed phrase will give full access to your wallet and funds.
Step 3: Fund your MetaMask wallet with ETH
To join some of the best active ICOs, you will need to fund your BASE network-compatible wallet with some crypto.
When purchasing Ethereum and other cryptocurrencies with fiat, our team recommends always using a reputable cryptocurrency exchange, such as Coinbase or Kraken. You will be asked to enter a receiving destination for your cryptocurrency when initiating the purchase.
Locate your crypto wallet’s public address, which starts with 0x and is followed by 40 alphanumeric characters. Copy and paste your MetaMask wallet address as the receiving destination.
Tip: You must purchase $ETH or $USDC on the BASE network
Step 4: Visit the official presale and initiate token swap for DAWGZ
Your crypto will appear in your wallet shortly if you use the quickest payment method.
The next step is to visit the official Base Dawgz presale website and, using the exchange widget, select the “connect wallet” option. Click it and authorize the connection request on MetaMask.
Now, enter the amount of $ETH or $USDC you wish to swap for $DAWGZ in the exchange widget. You must leave a small amount of BASE native $ETH in your wallet to cover transaction fees.
It is recommended to always leave a few transactions worth of gas fees in your wallet to cover token claiming, smart contract interactions such as staking, and any future swaps.
Select the ‘Buy Now’ option to initiate the swap for Base Dawgz tokens. A window will pop up on MetaMask, asking you to confirm the transaction. Confirm it to initiate the swap.
Key facts and figures for Base Dawgz
- Token supply: $DAWGZ has a total token supply of 8.453 billion tokens
- Positive sentiment: Base Dawgz has raised over $220,000 since launching, showing positive community sentiment.
- Multi-chain Interoperability: $DAWGZ, a native BASE chain token interoperable across four other popular chains.
- BASE network maturity: Launched by Coinbase last year, the BASE chain is in the growth and development stage.
- DEX/CEX liquidity: A sizeable 20% reserve allocation has been set aside for exchange liquidity provision.
Benefits of participating in the Base Dawgz presale
- Early price entry: Launched this month, the Base Dawgz presale is still in its early stages. By participating in some of the best upcoming ICOs early, you can obtain a cheaper price entry point. The $DAWGZ price is set to increase by 5% every five days.
- Mutli-chain crypto: New developments in Web3, including PortalBridge and Wormhole technology, have enabled cost-effective interoperability, reducing the number of transactions and lowering the cost to bridge crypto assets cross-chain.
- Follow the market trend: Currently, new DeFi chains have taken off, as is evident with the BASE and TON chains. As these blockchains acquire more users, prominent projects could likely also attract liquidity.
Risks of participating in the Base Dawgz presale
- Meme coin volatility: Meme coins tend to be more volatile than other cryptos, and there is no guarantee that the project will take off.
- Blockchain network issues: There is uncertainty about any liquidity or treasury hurdles, including whether some networks will be congested and whether this could cause price instability across different chains.
- Project sustainability: The project’s longevity is not guaranteed, and its success is partially determined by external factors such as community opinions, market sentiment, and product viability.
Make sure to visit the official presale website to explore the whitepaper and join community socials to keep up to date with the project.
FAQs
What is DAWGZ?
Do I need to use BASE network to buy $DAWGZ?
Why do I need MetaMask?
You can opt for a Coinbase wallet or a newly launched crypto wallet, BestWallet. The Wallet Connect option allows you to connect with hundreds of crypto wallets.
Remember that each network will have its own native version of a given token. For example, on BASE, you will need BASE network $ETH. Double-check your transactions before sending and receiving any crypto to ensure you are on the correct network.
