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's founder Pavel Durov, DOGS has a total supply of 550 billion tokens, with over 516 billion already in circulation.
The coin's distribution was mainly based on users' activity on Telegram, with 81.5% allocated to the community without vesting periods or locks. 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 Telegram bot.
DOGS has achieved notable market presence, ranking among the top 100 cryptocurrencies by market capitalization. However, its value and long-term sustainability remain uncertain, typical of meme coins.
Binance Launchpool listing on August 21, 2024, further boosted DOGS' 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.
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