2024-09-11
The DOGS token has made headlines
recently by setting a record in the memecoin world.
The Dogs Mini App has surpassed 53
million users, in which 42.2 million users are eligible for the DOGS airdrop.
Over 17 million users claimed DOGS
tokens during an airdrop on The Open Network (TON) in just two weeks. This
event has been described as the largest meme Token Generation Event (TGE) in
cryptocurrency history.
The DOGS token, inspired by a drawing
from Telegram co-founder Pavel Durov, has now become one of the most widely
held tokens on any blockchain, with 4.5 million unique wallets holding the
token.
The DOGS memecoin stands out for its
community-first approach. Over 81% of its total token supply was distributed to
the community with no vesting periods, which ensures that users have immediate
access to their tokens, encouraging high liquidity and decentralization.
This prevents large investors, often
referred to as "whales," from manipulating the market. Additionally,
DOGS operates on the TON blockchain, benefiting from its fast transaction
speeds and low fees.
The memecoin has a deflationary supply
mechanism, which means its total supply is capped at 550,000,000,000 DOGS,
potentially increasing its value as demand grows.
