Play-to-earn gaming is a web3 sub-sector that is continuously growing. GameFi platforms have discovered further applications of NFTs and are introducing new mechanics for earning crypto from playing web3-based games.
One of the latest crypto presales in this growing blockchain niche is PlayDoge ($PLAY), a mobile-based play-to-earn (P2E) game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet. The project has recently launched its presale, and prelaunch staking rewards are available.
In this guide, we will review PlayDoge’s key features and provide an illustrated step-by-step guide on how to buy PlayDoge ($PLAY) during the ongoing presale.
How to buy PlayDoge ($PLAY) – Step-by-step guide
Below is an illustrated, step-by-step guide on how to buy $PLAY during the ongoing presale. The token is a native BNB Smart Chain token; therefore, you must create and fund a crypto wallet. Most ERC20-compatible crypto wallets will allow you to switch to the BEP20 network.
Due to the volatile nature of meme coins, it is crucial to do your own research on new projects, crypto presales, and ICOs and assess your risk appetite before investing.
Step 1: Download MetaMask and create a new wallet
The first step to participating in the PlayDoge presale is to create a unique BEP20-compatible crypto wallet. Our experts recommend using MetaMask, one of the most widely used crypto wallets. Alternatively, try Best Wallet, a new multi-chain, non-custodial crypto wallet.
To create your new crypto wallet, visit the official MetaMask website. The website automatically detects whether you use a mobile device or a PC web browser.
In this demonstration, we opted for the Google Chrome version of MetaMask. Select the ‘Download for Chrome’ tab, which will take you to the Chrome extensions page, and add the MetaMask extension to your browser.
Once downloaded, you will immediately be given the option to create a new wallet.
Step 2: Set a password and securely store the seed phrase
The next steps will require setting a password for your new MetaMask wallet. You will be asked to confirm the password to ensure you have remembered it correctly. Once the password is confirmed, you will be given the seed phrase to your wallet, the master unlock phrase.
The seed phrase is 12 words in a specific order, and MetaMask advises you to write it down on paper and store it in a safe place. Once written down, you will need to confirm the order of the words.
It is highly recommended that you never screenshot your seed phrase or store it on any device that connects to the internet. This includes writing it into notes backed by the cloud or using a password manager.
In any instance, you should never share your seed phrase with anybody, as the seed phrase will give full access to your wallet and funds.
Step 3: Fund your MetaMask wallet with $BNB
To join some of the best crypto presales on the BNB Smart Chain, you must fund your BEP20 network wallet with some crypto.
Our team recommends always using a reputable cryptocurrency exchange, such as Coinbase or Kraken, to purchase $BNB and other cryptos with fiat. You will be asked to enter a receiving destination for your cryptocurrency when initiating the purchase.
You must copy and paste your MetaMask wallet address, which starts with 0x and is followed by 40 alphanumeric characters.
Step 4: Initiate token swap for $PLAY
The funds should appear in your wallet shortly depending on your payment method.
The next step is to visit the official PlayDoge website. Select the “connect wallet” button at the exchange widget. Click it and authorize the connection request at the MetaMask extension.
Now, enter the amount of $BNB you wish to swap for $PLAY in the exchange widget. You will be prompted to leave 0.0025 $BNB 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, staking transaction fees, and any future swaps.
Select the ‘Buy Now’ option to initiate the swap for PlayDoge tokens. A window will appear at the MetaMask extension, asking you to confirm the transaction. Confirm it to initiate the swap.
You can also opt for the ‘Buy and Stake’ option, which currently offers over 8,000% annual rewards. The ‘Buy and Stake’ option immediately stakes $PLAY purchased in presale and provides staking rewards during the waiting period until launch.
Please remember that the “Buy and Stake” option will have a higher transaction fee due to the smart contract interactions.
Key facts and figures for PlayDoge
- Token supply: $PLAY has a total token supply of 9.4 billion tokens
- Positive sentiment: PlayDoge has raised over $200,000 since its launch, displaying positive community sentiment.
- Market narrative: PlayDoge combines a popular crypto meme into a play-to-earn game, combining two trending narratives.
- Pre-launch staking: $PLAY can be staked prelaunch, meaning you can earn extra tokens while awaiting the presale end and token launch. You can ‘Buy and Stake’ immediately in presale for over 8000% staking rewards.
- DEX/CEX liquidity: An 11.5% liquidity reserve has been set aside for liquidity provision on centralized and decentralized exchanges.
Benefits of participating in the PlayDoge presale
- Early price entry: You can obtain tokens at an early-stage discounted price by participating in some of the best upcoming ICOs. Should the buying volume spike due to positive market sentiment, you have the best possibility of securing gains should the token increase in price.
- Pre-launch staking incentive: Presale participants can utilize the Buy and Stake option stake tokens while awaiting the full launch. You can earn passive rewards prelaunch while awaiting the token presale to end.
- Follow the market trend: Doge-inspired and other meme coins are still seeing positive price action and market cap growth. Participating in the PlayDoge presale lets you own a crypto token centered around the current narrative.
Risks of participating in the PlayDoge presale
- Meme coin volatility: Meme coins tend to be more volatile than other cryptos.
- No beta product: Although the project website details the game, a beta release is yet to be launched.
- Project sustainability: There is no guarantee of project longevity. Its success is partially determined by several external factors, such as community opinions, market sentiment, and product viability.
Make sure to visit the official website to explore the whitepaper and join community socials to keep up to date with the project.
FAQs
What is $PLAY
The token currently provides staking rewards of over 8000%.
Do I need to own $BNB to buy $PLAY
Why do I need MetaMask?
You can opt for a Coinbase wallet or a newly launched crypto wallet, BestWallet. The Wallet Connect option will allow you to choose from hundreds of crypto wallets to connect with.
