DOGS Meme Coin
DOGS is a meme coin, similar to other canine-themed cryptocurrencies like Dogecoin and Shiba Inu. Built on The Open Network (TON) blockchain, DOGS is inspired by Spotty, a character associated with Telegram's founder, Pavel Durov.
Spotty began as a simple dog sticker used in a charity auction for orphanages, but quickly gained popularity in the crypto community.
Token Metrics (Dogenomics)
DOGS has a maximum supply of 550 billion tokens, with 516.75 billion in circulation as of September 2024. Distribution of the tokens involved an airdrop to Telegram users, rewarding engagement and activity on the platform.
According to the official DOGS Telegram:
81.5% of the total supply is reserved for the community, with no vesting periods. Of this, 73% was distributed to Telegram OGs who completed tasks, while 8.5% is set aside for rewards for content creators and future users.
10% is for the DOGS team and project development, with a 12-month vesting period.
8.5% is allocated for liquidity across centralized and decentralized exchanges.
DOGS Airdrop
The airdrop took into account user factors like Telegram account age, activity, and whether the user had Telegram Premium. This aimed to integrate meme coin culture with the Telegram user base.
Each eligible participant received about 9,500 DOGS on average, with over 400 billion tokens distributed by August 20.
Claiming the DOGS Airdrop
Although the opportunity to earn DOGS through games and activities ended on August 14, 2024, those eligible can still claim their tokens via the DOGS Telegram bot.
Eligible users can choose to claim their DOGS on-chain without fees (slower process) or with a small fee (faster withdrawal).
As of September 3, 2024, there is no official confirmation regarding potential future airdrops.
Market Presence
Within 24 hours, DOGS attracted over 1 million users on Telegram and secured a spot in the top 100 cryptocurrencies by market cap (as of September 2024). However, like many meme coins, its long-term viability and price stability remain uncertain and speculative.
Binance Launchpool
On August 21, 2024, DOGS became available on the Binance Launchpool, where participants could earn DOGS by staking BNB or FDUSD. This listing helped boost DOGS’ visibility and liquidity through Binance, the world’s largest crypto exchange.
Final Thoughts
DOGS, with its strong ties to Telegram, blends meme culture, cryptocurrency, and charitable initiatives. Its listing on Binance Launchpool and unique distribution approach have brought it attention. However, as with other meme coins, its volatility presents significant risks. Always conduct thorough research and invest only what you are willing to lose.
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