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How to Buy PlayDoge ($PLAY) – Easy Guide

Kane Pepi
Kane Pepi | Verified by Medb Kiely-Cuddy
Last updated: | 11 min read

Play-to-earn (P2E) gaming is a huge growth market — with many tokens in this space achieving significant gains. PlayDoge ($PLAY) is the latest project to enter this niche — with its recently launched presale raising over $350,000 so far.

Put simply, PlayDoge is a retro-style mobile game that requires players to look after a virtual pet. Just like a real pet, players must feed it when it’s hungry, provide medicine when it’s sick, and supply entertainment when it’s bored.

Read on to learn more about the PlayDoge project and how to buy $PLAY tokens during the ongoing presale.

PlayDoge ($PLAY) Token: Quick Overview


Before moving onto our step-by-step guide, here’s some quickfire points about PlayDoge:

  • Mobile Game With Tokenized Rewards: PlayDoge is building a mobile game based on a virtual pet. You, as the pet’s owner, must care for it. This means providing food, medicine, and entertainment – and letting it sleep when it’s tired. These tasks will help your pet grow, meaning you’ll receive tokenized rewards. The P2E framework makes distributions in $PLAY tokens. There will also be a leaderboard; those with the most gaming points will earn additional rewards.
  • Recently Launched Presale: PlayDoge has opted for a presale campaign, allowing the project to raise working capital. Similar to a stock IPO, presale investors get preferential pricing. After the presale, $PLAY will be listed on decentralized and centralized exchanges. The PlayDoge presale has various stages — each of which increases the price. Those buying $PLAY tokens today will get the lowest price of $0.005.
  • Tokenomics: PlayDoge has opted for a capped supply of 9.4 billion $PLAY. The token standard is BEP-20, meaning $PLAY operates on the BNB Chain. The smart contract has been audited, highlighting that PlayDoge is a credible project. 4.7 billion $PLAY will be sold to presale investors, which represents 50%of the overall supply. What’s more, PlayDoge can be staked from the get-go – with presale buyers already earning APYs of 802% (subject to change).

How to Buy PlayDoge Token ($PLAY): A Simple Guide for Beginners


Those interested in the PlayDoge presale will need to complete the following steps:

  1. Get a crypto wallet
  2. Fund the crypto wallet with BNB, USDT, or ETH
  3. Connect the wallet to the PlayDoge presale website
  4. Choose an investment size
  5. Confirm the order and claim the tokens after the presale finishes

Read on for a more comprehensive guide on how to buy PlayDoge.

Step 1: Download a Self-Custody Wallet

The first step is to download a self-custody wallet. Popular options include MetaMask, Trust Wallet, and Coinbase Wallet. However, for this presale walkthrough, we’d suggest using Best Wallet. It’s a mobile wallet for iOS and Android that’s free to download.

Only the user has access to their private keys, and security features include biometrics and two-factor authentication. Plus, Best Wallet supports the BNB Chain and Ethereum networks, which are the two options when investing in PlayDoge.

Best Wallet review

Visit the Best Wallet website and click on ‘Google Play’ or ‘App Store’, depending on whether you’re using an Android or iOS smartphone. Open the app and complete the setup process, such as choosing a PIN and writing down the backup passphrase.

Step 2: Get a Supported Coin and Add to the Self-Custody Wallet

You’ll need to decide which cryptocurrency to use when investing in the PlayDoge presale. The selected coin will then need to be added to your self-custody wallet.

So, your options include BNB and USDT on the BNB Chain (BEP-20). Alternatively, you can also use ETH and USDT on the Ethereum network (ERC-20). Do note that only BNB Chain investments are eligible for presale staking rewards. While Ethereum network investments can be staked after the presale, you’d be missing out on the high APYs currently available.

  • Therefore, if you don’t already have coins, go with BNB.
  • Best Wallet allows you to buy BNB with a debit/credit card via its partnered fiat gateway.
  • Just open the wallet, look for the ‘Buy’ button, choose BNB, and follow the on-screen instructions.
  • You’ll need to complete a quick KYC process, meaning a government-issued ID is needed.
  • After entering your payment details and confirming the purchase — BNB will be added to your Best Wallet balance.

You can also buy BNB from popular cryptocurrency exchanges. Many support instant payment methods with competitive fees. While you’ll save money, BNB will need to be transferred to Best Wallet manually.

Step 3: Connect to the PlayDoge Presale Dashboard

You’ve now got BNB in Best Wallet (or another support coin/wallet). The next step is to visit the PlayDoge website — which is where the presale dashboard is located.

You’ll need to connect your self-custody wallet. Simply click on ‘Connect Wallet’ and choose ‘Best Wallet’ (or whichever waller you’re using).

Connect wallet to PlayDoge presale website

Confirming the wallet connection depends on the device type:

  • If you’re visiting PlayDoge from the mobile device that Best Wallet is installed on, a notification will pop up. Click it and authorize the connection to PlayDoge.
  • If you’re using a desktop device, PlayDoge will show a WalletConnect QR code. Open Best Wallet from your smartphone, click on the ‘WalletConnect’ option, and scan the code.

The same steps are needed when using other wallet providers.

Step 4: Complete the Presale Order Form to Buy PlayDoge

Once you’ve connected a wallet, you’ll need to complete the presale order form. First, choose from BNB or USDT. If you want to invest via the Ethereum network, click ‘Buy With ETH’ and choose between ETH or USDT.

Which USDT Should I Use?

Beginners might be confused that PlayDoge accepts two different versions of USDT. As such, we should clear the mist:

  • The original USDT is an ERC-20 token on the Ethereum network.
  • However, USDT has also launched on other blockchains, including BNB.
  • So, if you hold the Ethereum version of USDT, make sure you select the Ethereum network when investing.
  • And, if you’re using the BNB version, ensure the BNB Chain is selected.
  • Transferring coins via the wrong network will result in a loss of funds.
  • To avoid potential mistakes, it’s best to use BNB when investing in the PlayDoge presale.

The next step is to specify how much you want to invest in the presale. You’ll need to state the investment size based on the coin you’re investing. For example, if you’re using BNB, type in the number of BNB coins.

Buy PlayDoge tokens

As you’ll see from the image above, we’ve chosen an investment stake of 2.5 BNB. In the ‘You Receive’ field, this converts to 292,589 $PLAY tokens.

Finally, the presale investment is only confirmed once authorization has been provided to your wallet. A notification will appear within the wallet – click it to confirm. The coins will then be transferred to the PlayDoge wallet, meaning you’ve successfully invested in the presale.

Step 5: Wait for the Presale to Finish to Claim $PLAY Tokens

PlayDoge has opted for a fair distribution model, ensuring that $PLAY tokens can’t be traded on unofficial markets while the presale is still ongoing. This means everyone receives their $PLAY tokens after the presale ends.

That said, presale investors will need to claim their tokens manually. When the claim function opens, head back to the PlayDoge website, connect your wallet, and confirm. A smart contract will then be executed, meaning the tokens will be transferred to your wallet.

Pro Tip: Stake Your $PLAY Tokens

  • Early presale investors are already staking their $PLAY tokens.
  • There’s no requirement to wait for the claim function to open.
  • Just click the ‘Staking’ button followed by ‘Buy and Stake’.
  • Follow the on-screen instructions to start earning staking rewards from day one.
  • Currently, staking interest rates are 802%. However, as more tokens are staked, this will likely drop.

What is PlayDoge?


PlayDoge is bringing 90s nostalgia to the cryptocurrency industry. It’s developing a decentralized twist to the Tamagotchi concept, where players give birth to a baby pet. After birth, the player must care for their pet, helping it to grow and nurture it through life’s obstacles.

Similar to Tamagotchi, some of the player’s responsibilities include:

  • Feeding their pet when it’s hungry — ensuring the right quantity of food is given at appropriate times
  • Training their pet at regular intervals, which helps strengthen the companionship
  • Playing mini-games with the pet when it’s bored
  • Providing care and medicine when the pet is ill
  • Ensuring the pet gets adequate sleep when it’s tired

The virtual pet has a health meter — which declines if it isn’t being properly looked after. If the meter is consumed, the pet will find another home. This means the player must reset the game and start from day one.

Crucially, unlike conventional games, players are incentivized to complete their tasks with tokenized rewards. This means players earn $PLAY tokens when keeping their pets fit, healthy, and happy. This concept is not only innovative, but it could help $PLAY tokens become the next crypto to explode.

What is PlayDoge crypto?

PlayDoge is currently in its first roadmap phase, which includes presale funding, marketing, and social media building. The PlayDoge game will be launched in the fourth phase — available as an app on Google Play and the App Store. This will coincide with PlayDoge’s airdrop campaign, which will help attract players and investors to the project.

Once PlayDoge completes its presale campaign, it will list $PLAY on a decentralized exchange. This will likely be PancakeSwap, which is one of the best decentralized exchanges for BNB Chain tokens. In the following phase, PlayDoge will secure centralized exchange listings, although specific platforms are yet to be announced.

Reasons to Invest in the PlayDoge Presale


Here’s why PlayDoge could be one of the best cryptocurrencies to buy in 2024:

  • P2E Gaming has an Estimated CAGR of 17.93%: PlayDoge operates in one of the fastest-growing Web 3.0 markets — play-to-earn (P2E) gaming. According to an Industry Research study, P2E games will generate over $8.8 billion in revenues by 2028. Based on 2022 estimates of almost $3.3 billion, this means a compound annual rate of growth (CARG) of 17.93%. Moreover, the P2E token industry is currently undervalued. – with a total market capitalization of just $13 billion.
  • Token Utility With Gaming Incentives: PlayDoge could be one of the best utility tokens to buy and hold. For a start, players can only earn tokenized gaming rewards if they hold $PLAY. This is also the case when entering the global leaderboard, where extra tokens can be won. Moreover, those holding $PLAY also earn generous staking rewards. This will help keep the $PLAY supply staple and discourage short-term speculation.
  • First-Mover Advantage: Another benefit of joining the PlayDoge presale is the first-mover advantage available. $PLAY tokens are being sold pre-listing, so investors will get a favorable cost basis. The presale rate will increase at various intervals, so the earlier the investment, the lower the price. What’s more, $PLAY will be listed on exchanges at a higher price, meaning all presale investors get an immediate upside.

How Much Potential Does PlayDoge Have? Our Analysis


While new cryptocurrencies like PlayDoge offer a solid upside potential, there is no knowing how the markets will react. After all, PlayDoge’s potential is largely dependent on how many players it attracts. This means the PlayDoge team must focus on player acquisition. The PlayDoge roadmap states that its game will be launched in phase four – although no date has been provided.

PlayDoge P2E game

That said, PlayDoge can still generate significant price appreciation while the game is being developed. The most important aspect is that PlayDoge meets each roadmap target, and that it keeps its community updated. Some analysts believe that PlayDoge shows similar characteristics to other top P2E projects, such as Axie Infinity.

If PlayDoge can replicate Axie Infinity’s success from the 2021 bull cycle, the growth potential could be unprecedented.

  • For example, CoinCodex data shows that Axie Infinity’s initial exchange offering (similar to presales/ICOs) offered AXS tokens at just $0.10.
  • Approximately 12 months after its fundraising campaign, AXS hit all-time highs of $165.37.
  • So, had you invested in Axie Infinity from day one and held on until its peak, you’d be looking at gains of over 165,000%.

This example highlights how lucrative presale investments can be when the respective concept takes off. However, while PlayDoge has strong fundamentals, nobody can predict where $PLAY tokens will go after the presale. If you do decide to proceed, make sure you consider the risks. You should also ensure you diversify into other projects.

Conclusion


Some industry experts believe that PlayDoge could be the next P2E success story. Its mobile pet game comes packed with features. $PLAY tokens are earned when players care for their virtual pet, such as feeding it and providing medicine when it’s sick.

The PlayDoge app also comes with mini-games, meaning players can keep their pet entertained when it’s bored. P2E investors can buy $PLAY tokens at just $0.005 during the ongoing presale. This offers the lowest cost basis before $PLAY is launched to the public.

Visit PlayDoge Presale

FAQs

How to invest in the PlayDoge presale?

The presale is being held on the PlayDoge website. Investors need a self-custody wallet and an accepted coin, such as BNB or ETH. Connect the wallet to the presale website and complete the investment form. $PLAY tokens can be claimed when the presale is over.

What network is $PLAY tokens on?

$PLAY tokens operate on the BNB Chain, meaning they use the BEP-2o standard.

Does PlayDoge offer staking?

Yes, PlayDoge is a staking coin. Presale investors can stake their tokens instantly — the APY is currently 802%.

References

  1. Global Play To Earn Nft Games Market – Industry Reports (industryresearch.biz)
  2. Top Play To Earn Tokens by Market Capitalization (CoinMarketCap)
  3. ($ 0.00) Axie Infinity Price Today – AXS Price Chart & Market Cap (CoinCodex)