Telegram users stimulate the growth of DOGS meme coins
The TON-based DOGS meme coin has quickly gained significant popularity, primarily thanks to Telegram users. Inspired by co-founder Pavel Durov's “Spotty” meme, DOGS has already amassed over 50 million community members. This article explains the mechanics of DOGS and how to acquire them, especially since they are now listed on major exchanges such as Binance.
What is DOGS Coin?
DOGS is a meme coin on the Open Network (TON) that was awarded to airborne hunters on August 26. The coin, influenced by Pavel Durov of Telegram, quickly increased its user base thanks to Telegram's new “mini-apps” feature. Airdrop giveaways varied, with users receiving between 5,000 and 10,000 DOGS depending on the date they signed up for the app. More tokens could be earned by participating in future reward mechanisms.
How did DOGS gain popularity?
As the first popular meme coin in the TON Coin ecosystem, DOGS gained significant attention in just two months. Using a task and reward system, the coin encourages community participation by offering rewards. While DOGS lacks the detailed roadmap typical of meme coins, its continued growth depends on the effectiveness of its reward mechanisms.
Key ideas for investors
-- Telegram's extensive user base has been an important driver of DOGS' rapid growth.
.-- The DOGS team has received solid support from the TON Coin team, indicating high confidence in the project
.-- DOGS airdrop became a stress test for the TON network, demonstrating its robust capabilities.
-- The similarity of the coin's name to Dogecoin may increase its popularity and value.
Since 93.95% of the total issue volume is already in circulation, price stability is less likely to be affected by large issues.
The economics of DOGS tokens are intriguing. The community receives the majority of the initial offering for the listing, with the team's funds being relatively small and distributed gradually over the course of a year. Marketing also takes a significant share, second only to distribution to the community. Almost the entire maximum supply of 550 billion tokens went into circulation on day one, minimizing the risk of price pressure from large unlockings. Despite this, the price remains stable in the early days, and the simultaneous listing on major centralized exchanges and inclusion in the Binance Launchpool underscore the project's credibility.
How to buy DOGS Coin?
DOGS Coin can be bought and sold on Binance, the world's largest cryptocurrency exchange by trading volume. Registered on Binance on August 26, 2024, DOGS is available for trading in pairs such as DOGS / USDT, DOGS / BNB, DOGS / FDUSD and DOGS / TRY. To make a purchase, you must first register on Binance, transfer fiat money or cryptocurrency to your account, and then proceed to purchase DOGS using any of the available trading pairs.
