Dogami (DOGA) is a cryptocurrency launched in 2021, operating on the Ethereum platform. It is part of an IP-centered Web3 entertainment company backed by industry leaders like Ubisoft and Animoca Brands. The project revolves around a mobile game, DOGAMÍ Academy, where players train and race NFT dogs, earning DOGA tokens in competitive events. The company aims to expand into various media, including merchandise, comic books, and a TV series, with a total supply of 1 billion DOGA tokens.
The crypto Dogami (DOGA) is a utility token with several purposes within the DOGAMÍ ecosystem. It serves as the primary currency, allowing users to purchase add-ons, upgrade, and customize their Dogamí, trade items within the game, buy new dogs, and interact with other players.
DOGA can be earned by competing in PvP races in DOGAMÍ Academy, a Web3 dog racing mobile game. It is also used as a digital voucher to purchase virtual dogs, NFT accessories, and in-game currency called STAR. Additionally, DOGA can be used to pay breeding fees and for merchandise products.
The token also has staking features, where active contributors can accumulate more DOGA by staking on fixed or flexible programs. These staking rewards are sourced from pre-defined, limited reward pools and are promotional in nature.
Furthermore, DOGA is used for governance purposes, where the largest token holders can become representatives of the DOGA Council, which provides non-binding recommendations on product, token distribution, and product design.
To store Dogami (DOGA) tokens, you have several options depending on your needs and preferences:
Centralized Exchanges (CEX): You can store your DOGA tokens on a centralized exchange like KuCoin. This provides easy access to various investment products and features such as spot and futures trading, staking, and lending. The exchange will securely hold your funds, but you will need to follow their security protocols, including enabling 2FA and completing KYC verification.
Decentralized Exchanges (DEX): If you prefer more privacy and control over your assets, you can use a decentralized exchange. This method involves connecting your wallet to the DEX, buying the base currency, and then swapping it for DOGA. You will need to ensure your wallet is compatible with the network and have enough blockchain native tokens for transaction fees.
Crypto Wallets: You can store DOGA tokens directly in a crypto wallet that supports Dogami. This method allows you to maintain full custody of your assets. Make sure to choose a reliable wallet, download the app, create a new wallet address or import an existing one, and follow the wallet's instructions for buying and storing DOGA.
- Hardware Wallets: For added security, you can store your DOGA tokens on a hardware wallet like Ledger. This provides an offline storage solution, protecting your tokens from potential online threats. You can follow tutorials like the one on YouTube to learn how to store DOGA tokens on a Ledger.
Each method has its pros and cons, so it is essential to review and choose the best option based on your specific needs and preferences.
To buy Dogami (DOGA) tokens, you can follow these steps:
Buy Dogami (DOGA) on a Centralized ExchangeChoose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports Dogami (DOGA) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.
Verify Your Identity: Complete KYC verification, which may require different information based on your nationality and region. This step will give you access to more features and services on the platform.
Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method. The information required may vary depending on your bank's security requirements.
Buy Dogami (DOGA): You can now buy Dogami (DOGA) using fiat currency if supported. Alternatively, you can first purchase a popular cryptocurrency like USDT and then exchange it for Dogami (DOGA).
Choose a Crypto Wallet: Select a reliable and reputable crypto wallet that supports Dogami (DOGA).
Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.
Create a Wallet: Create a new wallet address or import an existing one if you already have one. Make sure you write down the seed phrase and keep it in a secure place.
Buy Dogami (DOGA): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge.
Swap for Dogami (DOGA): If your wallet doesn’t support direct fiat-to-DOGA purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for Dogami (DOGA) through your crypto wallet or on a decentralized exchange.
- Ensure you understand the fees associated with each method before making a purchase.
- Use a secure and reputable exchange or wallet to protect your assets.
- Keep your seed phrase and account information secure to prevent unauthorized access.
By following these steps, you can easily buy Dogami (DOGA) tokens and start investing in this cryptocurrency.