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What is Telegram Native DOGS Memecoin?

by BSCN

August 16, 2024

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The project rewards Telegram users with DOGS tokens based on their account age, activity, and subscription status, promoting long-term engagement and loyalty.

Meme coins have become a distinctive and influential part of the cryptocurrency landscape, capturing the attention of investors and communities worldwide. One of the latest to make headlines is DOGS, a Telegram-native meme coin.

With a rapidly expanding community and a unique token distribution model, DOGS is quickly gaining traction in the crypto space.

The Origins of DOGS: More Than Just a Meme

Unlike other memes, DOGS is rooted in a narrative that focuses on charity and community involvement. The project finds its inspiration in Spotty, a character created by Pavel Durov, the founder of Telegram, according to the DOGS Telegram announcement channel.

 

Spotty’s origins trace back to a charity auction, where an illustration of the character was sold to raise funds for orphanages. Over time, Spotty evolved into a symbol of altruism, featuring in VK stickers, making public appearances, and even embarking on a symbolic space journey. This legacy of charity and community forms the foundation of DOGS, linking the coin closely with values of generosity and social good.

Telegram Integration: A Community-Driven Approach

DOGS distinguishes itself through its integration with the Telegram platform. Leveraging Telegram’s extensive user base, DOGS rewards tokens to users based on the age and activity of their accounts. 

 

Within a few weeks of its launch, the DOGS project amassed over 15 million members in its Telegram channel, with many actively participating in its "Game" app to earn tokens through various activities.

 

The DOGS project aims to serve the Telegram community while upholding Spotty’s legacy of charity. Continuing in the spirit of the mascot, the project dedicates 100% of the revenue from Spotty-themed gifts to supporting orphanages and children’s homes.

Rewarding Engagement: How DOGS Tokens Are Earned

The DOGS mini-app on Telegram is designed to engage users while rewarding them for their participation. 

 

DOGS tokens are distributed based on several criteria, including the age of a user’s Telegram account, their subscription status, and their OG status, which recognizes long-standing, active users. 

 

For instance, older Telegram accounts receive more DOGS tokens, incentivizing users to maintain long-term loyalty to the platform. 

 

Telegram Premium subscribers are also rewarded with additional tokens, enhancing the appeal of the premium service. OG status acknowledges the dedication of long-time users by granting them extra tokens.

DOGS Token Details: A Closer Look

Token Allocation:

  • Community: 81.5%

  • Telegram OGs: 73%

  • Traders, sticker creators, and future community members: 8.5%

  • Team and Future Development: 10%

  • Liquidity on CEX and DEX: 8.5%

DOGS serves as the native utility token within the Dogs ecosystem, designed to enhance community engagement and support the platform’s growth.

Looking Ahead: DOGS’ Future Prospects

The official listing of DOGS on multiple exchanges is scheduled for August 20. The DOGS team also announced to launch DOGS airdrop on the same date. 

 

In preparation for this launch, the DOGS team encouraged users to set up accounts on centralized exchanges or through their Telegram Wallets to participate in the airdrop.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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