Today, the first multichain token Base Dawgz ($DAWGZ) was launched on decentralized exchanges.
Launch of $DAWGZ Token
$DAWGZ debuted on DEX at 18:00 CET, showing bullish intent in its first minutes despite subsequent profit-taking. The token launches with independent contracts on the Base and Solana chains, providing traders with a choice of two liquidity pools. $DAWGZ's price on the main Base ETH pair reached $0.005610 within the first minutes of trading. The SOL pair is available on Dexscreener. After the initial sell-off, a strong buyback is expected.
Staking Activity
At launch, 39.9% of tokens sold during the presale were staked. To earn rewards, stakers must not move or trade their tokens during the seven-day lock period. Post-launch staking is available only on the Base platform, although presale participants could stake on both Base and Solana. The token uses Wormhole and Portal Bridge technologies to enable multichain functionality, allowing trading across Base, Ethereum, Solana, Avalanche, and BNB Smart Chain (BSC).
$DAWGZ's Role on Base
Launched by Coinbase in August 2023, the Base platform has been well received by market participants. $DAWGZ's multichain design allows traders to easily access Solana, BNB Chain, and Ethereum. Base shows strong metrics in total value locked (TVL) and trading volume, making $DAWGZ a key project on the platform. $DAWGZ leverages Base's popularity and stability, providing excellent growth potential.
$DAWGZ demonstrates its resilience amid overall market volatility, showing strong potential for growth with its feature set and multichain functionality.
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