Memecoin is a very special existence in the cryptocurrency market because it has a unique culture and is not dependent on technology.
Recently, there is a very special
The memecoin, DOGScoin, attracted 1 million users in just 3 days. So, what is so special about DOGScoin? Let’s follow this article and
Unich Analyst, let’s find out.
What is Dogcoin?
DOGS is a memecoin developed on the Telegram platform, inspired by Telegram CEO Pavel Durov.
Durov painted a dog at a 2011 Russian orphan charity auction.
Spotty. Vkontakte (VK) is a well-known Russian social network, and its mascot is also related to it. DOGScoin was created to
Raise funds to help make the community better.
History
These applications were originally called
"Clicker Games" or "Clicker Apps". They are not entirely based on "constant clicking"
Instead of making money by clicking to collect resources, you can use these resources to upgrade, improve your collection efficiency, and ultimately earn bonus points that can be redeemed for cash. However, in these applications, constantly clicking to obtain resources is an important factor and an interesting part of attracting users.
The history of these applications can be divided into the following stages:
1. Early stage (2010 - 2015):
At this time, “clicker” games mainly appeared on the PC platform. Cookie Clicker (2013), which can be regarded as the “ancestor” of clicker games, is a typical example. Its game operation is simple. Players just need to click on cookies to collect points. Points can be used to buy upgrades to increase the speed of earning cookies. These games are mainly for entertainment and rarely related to making money.
II. Transition phase (2015 - 2020):
As mobile technology developed, clicker games were brought to smartphones. These apps began to incorporate money-making models that earned reward points by watching ads, taking surveys, or performing simple tasks. For example
Coin Master, launched in 2015, combines clicker games with money-making models. Players need to continuously click to collect coins, use the coins to attack, and plunder other players' resources.
3. Prosperity stage (2020 to present):
Clicker
Applications are becoming more popular and diverse. They are combined with other themes such as architecture, agriculture, business, and even NFT, blockchain elements. For example, Like Pi
Network, Notcoin, CatizenETC. Specific methods include: watching ads, that is, watching movie ads to get bonus points; completing tasks, such as performing simple tasks such as downloading applications, participating in surveys, and completing puzzles; collecting resources, collecting resources by clicking, using resources to upgrade, and selling resources to earn bonus points; integrating with social networks, sharing achievements, connecting with friends, and collecting bonus points from other players.
Project Highlights
Less than 24 hours after DOGScoin went live, it attracted its first 1 million users. This is the most impressive number ever for a meme coin. Three days later, the number of users exceeded 10 million. As of August 14, about a month after the app went live, the number of users has reached 51 million. This is also the case with Telegram.
’s birthday, which is also the last day that users can get free DOGS tokens.
DOGS Token Valuation
For evaluation
The value of the DOGS token, I will rely on the following two references. First, the project allows users to purchase stars through “Stars for DOGS!”
DOGS. All proceeds from the program will be donated to charity. If the charity level is $165, you can get 10,000 DOGS tokens, then the price of DOGS will be approximately
0.0165 USD.
In addition, I will refer to the pre-sale price. One is OKX, with a trading volume of about $1.2 million, and the pre-market price of DOGS is currently $0.009. The second is Bitget, with a trading volume of about $2 million and a pre-market price of $0.005.
I think that with the above trading volumes, DOGS price is likely to trade in the range of $0.005 - $0.009. If the price falls below this level, I will buy DOGS and hold.
Unich Pre-IPO Dog Trading Guide:
Visit the Unich OTC trading platform;
Connect your wallet to the Unich Pre-Market OTC platform;
Select the DOGS trading pair to buy or sell DOGS in the pre-market;
Deposit collateral and complete payment.
Personal opinion:
advantage:
The project is built on the telegram community and has strong sustainability.
The potential for future development is quite large because the DOGS operating model is realistic, which is different from Notcoin.
TON continues to be listed on Binance and Launchpool, paving the way for the next projects in the TON ecosystem.
shortcoming:
There are so many holders at the beginning that the chances of DOGS becoming a hidden gem are slim, so the price increase potential for DOGS is not that great.
The development team and token economic information are still unclear, making it difficult to accurately assess the value of DOGS.
In summary
DOGS is a meme coin with great potential, but it also contains many risks. The program uses a large Telegram community and a unique airdrop mechanism for charity. However, the lack of transparency and decentralization are still factors that need to be carefully considered.
DOGS should be considered carefully before.
