I remember receiving a referral link to join the $Dogs
airdrop. After clicking on the link and entering the $Dogs Telegram mini-app, I
was greeted with the message, "Who are you, dawg?" I just laughed,
thinking it was a scam coin project. At the time, I was unaware of meme coins.
Out of curiosity, I decided to explore the app further. I received my allocated
$Dogs, based on the number of years I'd spent on Telegram (as an appreciation
for being a long-time user), completed a few tasks, and then exited the app,
never to return again. Well, not until its launch week, when everyone was
talking about it.
I remember hurrying back to the app to check how much $Dogs I had. For the next three days, I performed all the tasks I was eligible for. I had no idea I could earn coins by simply logging in daily; I would have been a regular visitor if I had known. Nonetheless, I tried my best to accumulate as much of the coin as possible.
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When it came to claiming 20,000 $Dogs by inviting
five friends, I went around looking for referrals. People who hadn't heard from
me in a while received messages with my invite link. Unfortunately, I was
unable to claim the 20,000 $Dogs because the developers decided not to accept
new referrals (sigh).
If you're like me, who knew little about $Dogs until August
10th-20th, 2024, here's what I've learned about the project as of the time of
posting this.
What exactly is $Dogs?
$Dogs is a meme coin inspired by the popular Telegram Mascot
Spotty that has rapidly gained traction in the crypto community. Launched as
part of the TON (Telegram Open Network) project, DOGS is more than just a
meme—it represents a vibrant culture within the Telegram community.
If you ever felt insulted for being called a dog by the mini app, so sorry. Woof! Woof!! $$$
Premise of the token
The DOGS token was conceived as a community-centric cryptocurrency, designed to reward Telegram's loyal user base. With 550 billion tokens in total supply, the project's tokenomics are heavily tilted towards the community, with 81.5% allocated for user rewards, including traders, creators, and new participants. The token also carries a charitable element, with proceeds from its sale directed towards funding orphanages and children's homes, honoring the legacy of Spotty.
Project Growth
Since its inception, DOGS has seen explosive growth, especially following its highly anticipated airdrop on 20th August, 2024, which was then moved to 26th August, 2024(This is normal for most crypto projects, the developers are human after all). Over 400 billion tokens were distributed to 42.2 million eligible users, highlighting the widespread interest and engagement within the Telegram community. Pre-market trading on exchanges like Bitget further demonstrated strong demand, with trading volumes exceeding 4 million USDT.
Current State
As of August 2024, DOGS is making its mark as both a meme and a functional cryptocurrency. The token is now listed on multiple exchanges, with ongoing developments aimed at expanding its utility and integration within the Telegram ecosystem. The community-driven nature of DOGS, combined with its charitable initiatives, positions it as a unique player in the crowded meme coin space.
Conclusion
To everyone hoping to earn a lite from the token launch,
remember that a strong community builds a coin's reputation, and this is what
$Dogs hopefully strives to be.
Don't be offended if you were called a dog during this
project's runtime. We all just want to get rich :).