Community-driven meme coin $DOGS concludes launch and prepares for token burn to boost value and support charitable causes
September 24, 2024 – $DOGS, Telegram’s rapidly growing native meme coin, is excited to announce the conclusion of its claiming event on September 19, 2024, with final claimants set to receive tokens this week. In line with its commitment to decentralization and community empowerment, $DOGS will initiate a token burn event, with the exact amount of unclaimed tokens determined by a community vote. Additionally, a sizable portion of the unclaimed tokens will be donated to charity, continuing $DOGS’ dedication to social responsibility.
Highlights:
End of airdrop: The final distribution of $DOGS airdropped tokens concluded on September 19, 2024.
The total amount of distributed tokens was more than 380 billion tokens.
Total number of applicants over 20.5 million
No vesting or lockups – tokens are available for withdrawal from day one.
Community Voting on Token Burn: Holders will play a crucial role in voting to decide the amount of unclaimed tokens that will be permanently removed from circulation. Your participation is key to shaping the future of $DOGS.
Charitable Contribution: A portion of unclaimed tokens will be donated to charities selected by the community.
Opportunity for investors: With the end of the airdrop and token burn imminent, this period represents a strategic entry point for new investors.
Empowering the community through decentralization
Dogs has placed its community at the forefront of decision-making since day one. By allowing token holders to vote on the scope of token burning, $DOGS reinforces the principles of decentralization and collective governance that are fundamental to the cryptocurrency space.
“Our community is the backbone of $DOGS,” says the $DOGS community representative. “By involving them directly in the decision to burn tokens, we ensure that the future of Dogs is aligned with the interests of those who believe in our mission.”
Increasing the value of tokens through scarcity
The upcoming token burn is a strategic measure to reduce the total supply of $DOGS tokens, potentially increasing their value due to scarcity. This deflationary mechanism rewards long-term holders and stabilizes the token market dynamics after the airdrop.
Ongoing commitment to charitable giving
In keeping with its spirit of social responsibility, Dogs will donate a significant portion of unclaimed tokens to charities dedicated to helping stray dogs, orphans, and other charitable causes. In the past, donations in excess of $300,000 have been made to organizations such as:
Save the Children (https://www.savethechildren.org/)
Save an Orphan (https://www.saveanorphan.org/)
Animal Charity Evaluators (https://animalcharityevaluators.org/)
The community will once again have the opportunity to vote on which charities will receive donations, ensuring that contributions reflect the values and priorities of $DOGS holders.
What this means for potential new buyers
With the airdrop concluding and token burn on the horizon, this period presents a unique and exciting opportunity for new and existing investors to join the $DOGS community.
Market Positioning: Post-airdrop liquidations can lead to favorable entry prices.
Reduced Supply: The impending token burn will reduce the circulating supply, potentially improving the value of the token and offering a promising outlook for investors.
Active community participation: Participation in upcoming votes allows investors to influence key decisions.
Stay informed and get involved
To stay updated on the token burn event, community voting, and charity initiatives, follow DOGS on the official channels:
Telegram
Twitter/X
About $DOGS
Dogs is a meme-based cryptocurrency inspired by Pavel Durov’s beloved pet, Spotty. Emphasizing freedom, self-expression, and social responsibility, $DOGS has quickly become a prominent player in the meme coin space. With over 17 million token holders and 20 million social media followers, the token has already been listed on major cryptocurrency exchanges and is committed to building a strong and engaged community that will shape its future.
