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Key Points
DOGS is a dog-themed meme coin built on The Open Network (TON) blockchain inspired by a dog character named Spotty.
This coin has a total supply of 550 billion tokens and more than 516 billion tokens are already in circulation with distribution mainly to Telegram users based on their activity.
DOGS gained significant exposure through its launch on Binance Launchpool. However, like other meme coins, DOGS trading carries risks of uncertainty and volatility.
Koin Meme DOGS
Similar to other dog-themed coins like Dogecoin and Shiba Inu, DOGS is a dog-themed meme coin. DOGS is built on The Open Network (TON) blockchain and its identity is derived from Spotty, a character associated with Telegram founder Pavel Durov.
Durov created Spotty as a simple dog sticker used in a charity auction to support an orphanage. Soon, Spotty grew into a popular figure in the crypto space.
Metrik Token (Dogenomics)
DOGS has a total supply of 550 billion tokens, of which 516.75 billion are in circulation (as of September 2024). The coin distribution strategy involves DOGS tokens being allocated via airdrop to users based on their activity and engagement on the Telegram platform.
According to the official DOGS Telegram:
81.5% of the total supply will be allocated to the community with no vesting or lock period. Of that 81.5%, 73% will be allocated to early Telegram users who earn DOGS through mini-app tasks and activities. The remaining 8.5% will be allocated to rewards for sticker creators, merchants, and future community members.
10% is allocated to the DOGS team and future project development mostly with a 12 month vesting period.
8.5% is reserved for liquidity on centralized and decentralized exchanges or other liquidity related events.
Airdrop DOGS
The DOGS airdrop takes into account factors such as the age and activity of the Telegram account as well as whether the account has a Telegram Premium subscription. This approach aims to combine the meme coin culture with Telegram's user base for wider adoption.
Each eligible user received an average of around 9,500 DOGS and over 400 billion DOGS tokens had been distributed as of August 20.
How to Claim DOGS Airdrop?
The last day to get DOGS tokens from the initial airdrop is August 14, 2024. Eligible users who participated in DOGS games and Telegram activities before the deadline can still claim their DOGS airdrop via the official DOGS Telegram bot.
Eligible users can choose to claim their DOGS on-chain with no fees (slower process) or for a small fee (faster withdrawal).
As of September 03, 2024, there is no official information regarding the possibility of new airdrops in the future.
Market Presence
DOGS managed to reach 1 million Telegram users in less than 24 hours and entered the top 100 cryptocurrencies by market capitalization (as of September 2024). However, like most meme coins, its value and long-term sustainability remain the subject of speculation.
Binance Launchpool
On August 21, 2024, DOGS was launched on Binance Launchpool allowing users to earn DOGS tokens by staking BNB or FDUSD. This launch provides DOGS with additional exposure and liquidity through the world’s largest cryptocurrency exchange.
Cover
DOGS is a meme coin with deep ties to the Telegram platform that combines elements of charity, crypto, and meme culture. The token has attracted attention thanks to its listing on Binance Launchpool and its unique way of distributing tokens.
However, like most meme coins, DOGS can be quite unpredictable, so anyone looking to invest should be aware of the risks involved. Do your own research and never invest more than you can afford to lose.
Further Reading
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