$DOGS has gone through many wild price swings, leaving people debating its future. However, instead of focusing on price news or short-term market predictions, let's take a look at the true nature of DOGS.
To assess whether this project has long-term potential and is worth considering as an investment?
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How DOGS was born determines its token value?
DOGS is a "tap-to-earn" project on the Telegram platform, inspired by the success of $NOT - a previous project with a similar model.
🔥DOGS operating model: Users only need to perform basic actions such as tapping the screen, inviting friends or upgrading Telegram accounts to accumulate points and receive DOGS tokens.
However, the difference lies in the reward mechanism based on the age of the Telegram account (The older the account, the more tokens the user receives) which makes DOGS unique.
And this model itself is also fraught with risks - it can face the so-called "pyramid model" problem when the token value depends mainly on the number of new users, with few practical applications other than point accumulation and internal exchange.
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DOGS technology and community decide it's worth it?
DOGS is built on the blockchain $TON (Telegram Open Network), Telegram's blockchain ecosystem, ensuring security and transparency.
TON makes DOGS easily tradable in the market, opening up opportunities for users to participate in DOGS token trading with a solid infrastructure. This is a clever strategy to build a community and popularize DOGS tokens as part of Telegram culture.
DOGS operates on the Telegram platform, the TON blockchain platform, the mascot Spotty,... It is these meme cultures that can help DOGS create the same attraction as #Dogecoin thanks to strong support from users.
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How does "Dogenomics" strategy and token allocation affect price?
DOGS builds its own token allocation strategy called "Dogenomics" – an important factor in assessing the long-term potential of the project.
Accordingly, 81.5% of DOGS tokens are allocated directly to the community without a lock limit, allowing users to trade tokens as soon as they receive them.
While not locking up tokens gives the community a large stake, it is also a factor that causes token prices to fluctuate wildly, especially when selling pressure increases.
🔥After listing, DOGS fell sharply in price, partly due to the large supply of tokens being freely released without token lockup limits.
This increases the possibility that DOGS could face bearish pressure as users push to sell for short-term gains.
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Conclusion: Are DOGS worth investing in?
DOGS is a project that effectively leverages Telegram's huge community and creates a unique gaming platform on the TON blockchain.
The project is still in its development phase and the features are not yet fully developed, investors should consider DOGS as a meme token experiment rather than a long-term investment asset.
For those looking to get into the cryptocurrency market, DOGS could be an opportunity to join a meme community. DOGS could be an attractive short-term investment thanks to the Telegram community. But in terms of stability or long-term value, DOGS may not be the ideal choice.
And caution and careful consideration are needed, especially with the large price fluctuations the project is experiencing.
What do you think about $DOGS? What is your prediction for the upcoming price of DOGS? Let's discuss and don't forget to follow CRIPTO (@caocaoo2211 ) for more updates!