DOGS, a dog-themed meme coin built on The Open Network (TON) blockchain, has gained significant attention due to its unique distribution strategy and listing on Binance Launchpool. Inspired by Spotty, a character created by Telegram founder Pavel Durov, DOGS has a total supply of 550 billion tokens, with over 516 billion already in circulation.
The coin’s distribution was primarily based on user activity on Telegram, with 81.5% allocated to the community with no vesting or lock-up periods. The remaining tokens are reserved for the DOGS team, future project development, and liquidity on centralized and decentralized exchanges.
Eligible users received an average of 9,500 DOGS tokens during the airdrop, which concluded on August 14, 2024. Users can still claim their DOGS airdrop via the official DOGS bot on Telegram.
DOGS has achieved notable market presence, ranking among the top 100 cryptocurrencies by market cap. However, its value and long-term sustainability remain uncertain, typical of meme coins.
The Binance Launchpool listing on August 21, 2024, further boosted DOGS’s exposure and liquidity. Investors should exercise caution as meme coins can be unpredictable.
In conclusion, DOGS is a unique meme coin deeply connected to Telegram, combining charity, crypto, and meme culture. While it has gained attention, investors should be aware of the risks involved.