Crypto
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06.11.2024
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Dogs Coin Review

What is Dogs (DOGS)

DOGS meme coin is a token that launched on Telegram in July 2024. The token takes inspiration from Spotty, a mascot designed by Pavel Durov, the founder of VK, the major Russian social media platform. Spotty was firstly drawn for a charity auction to gather donations for orphanages and later became a mascot connected with VK. As time passed, Spotty began to appear on Telegram stickers and was featured at VK Fest. Developed for further improvement in the crypto industry, DOGS is a new coin.

Dogs meme coin is an original Telegram token developed in accordance with the culture and preferences of the bigTelegram community. In 24 hours since its opening, the Dogs Telegram channel has already counted more than 1.9 million subscribers, reflecting high initial interest and user participation. This is due to the general interest in mini-applications within Telegram. In fact, after Notcoin's success, developers started to develop other applications with similar functionality-in a tap-to-earn format. DOGS was released at the end of August for Ether, which saw such unprecedented popularity that it caused a rush of users on TON and its six-hour outage became the largest in the network's history. Participation in Web3 by its users at this level was unimaginable, says the TON team.

On the other hand, the motto of the coin, Who let the DOGS OUT?, instantly rings familiarity with a world-renowned song in the fame of the Baha Men. It reflects that playful spark that completes its identity. DOGS incentivizes user loyalty and community participation through a unique method of distribution, specifically via activity on Telegram. Dogs will look to create a lively Telegram ecosystem with a very community-driven approach.

How Dogs Works

Meme Dogs operates on the Telegram Open Network's blockchain. It utilizes the infrastructure outlook of the platform for security and speed of transactions. The DOGS are a community-oriented project that has concentrated more on the participation and engagement of its users. Unlike other traditional cryptocurrency projects, DOGS doesn't have a website or roadmap. Telegram users enjoy its simplicity because users can join and participate in it with ease, which shuns them from the complexities found in other crypto projects.

The DOGS token enables transactions within the Telegram ecosystem, where one is allowed to send and receive tokens freely. Since the token is integrated with Telegram, it is, by extension, guaranteed that users will have an experience inclusive of all the features and functionalities already existing within the platform. In such a way, this will contribute to the wider adoption and usage of the token within the Telegram community.

Where is the Usage of the DOGS Token Applied

The DOGS tokens are especially for community involvement and interaction mediums. As this is a memecoin, the token helps facilitate fun and engaging transactions among Telegram users. The DOGS token can be exchanged, allows microtransactions, and serves as an incentive to increase in the community. DOGS is also used in charity, a reflection of Spotty's original purpose. Charity projects may be suggested and supported by community voting, and in this way, all DOGS token holders can support a wide range of causes. Again, it is in tune with the history of the mascot to charity and social service.

What Can Be Expected from the Price of DOGS?  

"I believe this is the best timing for the DOGS token. Despite my skeptical attitude towards the future growth of TON in general, DOGS has all chances of success. If the fate of TON is tied to Durov and Telegram, then the memecoin has a great chance to turn out differently and react in its own way to certain news," said crypto trader and founder of the Age of Crypto Telegram channel Andrey Gorislavko.

According to Gorislavko, the period right after the listing of the coin would be the most turbulent. He warned that most tokens would be farmed by certain farms with the help of bots tailored to pumping the airdrop effect. Representatives of the project stated that highlighting malicious participants was what they had been working on, but they didn't disclose any specific figures or statistics just yet. This includes, according to this team's post on the X social network, formerly known as Twitter, that accounts found to have bad intentions were excluded from the airdrop candidate list and their tokens frozen on exchanges.

"There will be numerous ill-informed investors in the early trading stages, and rumors about Durov's arrest might further exacerbate the situation. However, once the initial sales period is over, prices can jump really high. I am keeping my fingers crossed, monitoring the situation, and just waiting for an open buying window for DOGS," said Gorislavko.

He pointed out that DOGS has already turned out to be the second-largest project on the TON network, only second to Notcoin. Successful listing of DOGS on exchanges probably creates a precedent that no similar project will be able to repeat. As such, according to Gorislavko, this token is likely to become Durov's version of Dogecoin for Elon Musk: "DOGS is well-positioned to become the leading memecoin within the TON ecosystem—an authentic memecoin with no parallels in networks like Solana, backed by its own market maker and a group of speculators."