Telegram Users Boost DOGS Meme Coin Growth
Release: 2024/08/27 03:39 Reading: 773
Telegram Users Drive the Surge of DOGS Meme Coin
The TON-based meme coin, DOGS, has experienced remarkable growth, largely attributed to the support of Telegram users. Inspired by Telegram co-founder Pavel Durov's "Spotty" meme, DOGS has garnered over 50 million community members.
What is DOGS Coin?
DOGS is a meme coin on The Open Network (TON) that distributed airdrops on August 26. Fueled by Telegram's new "mini applications" feature, the coin rapidly expanded its user base. Airdrop distributions ranged from 5,000 to 10,000 DOGS based on app registration dates. Additional tokens can be acquired through future reward mechanisms.
How Did DOGS Gain Popularity?
As the first prominent meme coin in the TON ecosystem, DOGS gained significant traction within two months. Utilizing a task and reward system, it incentivizes community involvement while providing tokens. Despite lacking a comprehensive roadmap, characteristic of meme coins, DOGS' growth relies on the effectiveness of its reward strategies.
Investor Insights
- Telegram's extensive user base has played a crucial role in DOGS' rapid expansion.
- The DOGS team has received strong support from the TON Coin team, indicating confidence in the project.
- DOGS' airdrop served as a stress test for the TON network, demonstrating its resilience.
- The similarity of the name to Dogecoin may enhance its appeal and value.
- With almost 94% of the total supply in circulation, large unlocks are less likely to impact price stability.
DOGS Token Economy
The DOGS token economy is notable. The community received a majority of the initial supply, with the team's allocation distributed gradually over a year. Marketing holds a substantial share, second only to the community distribution. Nearly all of the 550 billion maximum supply was released on day one, minimizing the potential for price fluctuations from large unlocks. Binance Launchpool and major exchange listings have contributed to the project's credibility, and the price has remained stable in its early days.
How to Acquire DOGS Coin
DOGS can be traded on Binance, the world's largest cryptocurrency exchange by trading volume. Listed on Binance since August 26, 2024, it is available for trading in pairs like DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY. To purchase DOGS, create a Binance account, fund it with fiat or cryptocurrency, and proceed to buy using any of the available trading pairs.
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