Must-see: Top-level traffic project DOGS once sparked a talent war, and its market value has surpassed Not.

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远山洞见2024/08/26 09:30

By:远山洞见

Background and market heat

Since July 2023, DOGS token has quickly become the focus of the crypto market, especially in the TON ecosystem, where DOGS has emerged like a dark horse. With global well-known exchanges such as Binance, OKX, Bitget, Bybit, and Gate.io announcing the upcoming launch of DOGS token trading, DOGS has become a hot asset in the market. It is worth noting that OKX and Bitget even started pre-market trading of DOGS early on, highlighting the huge market attention accumulated by DOGS in a short period of time. It should be noted that DOGS token was only established a little over a month ago.

This phenomenon is extremely rare in previous MEME projects, especially for a project with such a short establishment time. The market generally believes that DOGS tokens may replicate the prosperity of Notcoin, bringing a large number of new users to major exchanges, thus triggering competition among exchanges to list coins. The success of DOGS is not only due to its innovative distribution model, but also due to its strong community and market operation capabilities behind it.

Must-see: Top-level traffic project DOGS once sparked a talent war, and its market value has surpassed Not. image 0

Introduction to DOGS Tokens

DOGS (DOGS) is a highly representative Meme coin that aims to convey and showcase the unique spirit and culture of the Telegram community. Its inspiration comes from the unofficial mascot Spotty of VK (a well-known Russian social platform). There is a touching story behind Spotty: it was created by Telegram founder Pavel Durov at a charity auction supporting orphanages, and quickly became a symbol and cultural symbol of the VK community.

Spotty is not just a painting, but also a symbol of care and charity. Since its inception, its image has been used for various charitable activities, and the sales revenue of its themed products is all used to support orphanages and children's homes. Over the years, Spotty has gradually become one of the most popular sticker characters on VK, even appearing on VK Fest, and later symbolically entering space. Now, DOGS tokens hope to bring this symbol into the cryptocurrency world and become a new cultural symbol.

III. The innovation of DOGS

The rise of DOGS is not accidental, but due to its unique strategy and operation mode in the MEME token field. Unlike other traditional MEME projects such as Notcoin and Hamster Kombat, DOGS did not use customer engagement mini-games to allocate airdrop shares, but directly allocated tokens based on users' usage time and active level on Telegram through algorithms. This strategy of obtaining DOGS tokens through "picking up" airdrops quickly attracted widespread attention from the community and accumulated a huge user base in a very short period of time.

Within less than 10 days of its launch, the number of users on DOGS 'community channel exceeded 10 million. As of August 22nd, this number has soared to 16 million, making it the fourth-ranked channel on Telegram globally. The success of DOGS demonstrates the strong power of community operations behind it, as well as its outstanding performance in attracting users and increasing token value.

Token Economic Model of DOGS

The token economy model of DOGS is exquisitely designed to support the healthy development of the community in the long term. The total supply is 550,000,000,000 tokens, and the distribution is as follows:

81.5% is allocated to the community, of which 73% is allocated to Telegram's OG users (i.e. original active users), who earn DOGS tokens through active performance in the application; the rest is used to reward traders, content creators, and future community members. This distribution method not only encourages long-term user participation, but also ensures the wide distribution and recognition of tokens within the community.

10% belongs to the team and is used for the continuous development and future innovation of the project. This part of the tokens will support the long-term development of the DOGS project, ensuring its competitiveness in the highly competitive cryptocurrency market.

8.5% is reserved for liquidity provision and listing-related activities on centralized exchanges (CEX) and decentralized exchanges (DEX). This will ensure the liquidity and tradability of DOGS tokens on the trading market, making it easy for more users to obtain and trade DOGS tokens.

Innovative distribution mechanism of DOGS

The distribution method of DOGS tokens is highly creative, which is one of the important reasons why it attracts the attention of many users. Unlike traditional token mining or purchasing methods, DOGS is distributed through the active level of users on the Telegram platform. Specific methods include:

The usage time of Telegram account: The longer a user registers for a Telegram account, the more DOGS tokens they can receive. This method aims to reward long-term users, encourage them to continue using the platform, and increase community loyalty.

Telegram Premium Subscription: Users who subscribe to Telegram Premium can enjoy additional token rewards and more benefits. This Incentive Mechanism not only promotes the distribution of DOGS tokens, but also promotes the subscription rate of Telegram Premium, thereby enhancing the stable development of the entire ecosystem.

OG status users: OG (Original Gangster) status users, who are long-term active Telegram users, will receive more DOGS tokens. This distribution strategy aims to recognize and reward their long-term support and active contributions to the platform.

This unique distribution model not only effectively incentivizes users' long-term participation, but also further enhances the overall active level and user stickiness of the Telegram community.

How to participate in DOGS application

The process of participating in the distribution of DOGS tokens is both simple and fun. Here are the specific steps to obtain DOGS tokens:

Join Dogs Bot: Find and join Dogs Bot on Telegram to start participating in the token distribution process.

Start the bot: Click the "Start" button, and Dogs Bot will guide the user through all necessary steps, including verifying account info and collecting tokens.

Verify Telegram activity: Follow the robot prompts to confirm your Telegram usage. The longer you use it, the more DOGS tokens you will receive. This Incentive Mechanism is very helpful for long-term user engagement.

Receive DOGS tokens: After completing the verification, the robot will allocate the corresponding amount of DOGS tokens to you based on your Telegram activity.

Invite friends to join: By sharing information about the Dogs community, invite more people to join. As the community continues to grow, the value of DOGS tokens is expected to increase. Through this social interaction, the community expands, and the influence of DOGS in the market also increases.

Must-see: Top-level traffic project DOGS once sparked a talent war, and its market value has surpassed Not. image 1

VII. Latest Developments and Future Prospects

On August 24th, the DOGS team announced that the application function of CEX and Telegram wallets has been officially closed, but users who missed the application can still choose to apply for tokens on the chain. Users only need to connect to the wallet in the application to ensure the smooth progress of the process. The DOGS project has shown huge market potential with its innovative distribution method and strong community support.

In addition, Bitget will launch a DOGS/USDT zero-commission spot trading event on August 26, 2024, from 20:00 on August 26, 2024 to 23:59:59 on August 30, 2024 (UTC + 8). During this period, users can enjoy zero-commission spot trading orders and take DOGS/USDT orders. This event will undoubtedly further promote the attention and trading volume of DOGS in the market.

As of now, the price of DOGS in the Bitget pre-market trading market is 0.00222 U. According to this price, the total market value of DOGS is about 1.221 billion dollars. It is worth noting that one of the most outstanding sectors in this bull market is the Meme token sector, while the most popular one in the public chain field is the TON public chain. The DOGS project combines these two popular tags and has become the focus of market attention.

Previously, the most popular and valuable project in this field was Notcoin, with a fully diluted market value of $1.18 billion. According to the current street price of DOGS, its total market value of $1.221 billion has surpassed Notcoin. With further market recognition of the DOGS project, DOGS is expected to continue to expand its market share and consolidate its important position in the Meme token and TON ecosystem. In the future, DOGS may become a new benchmark in this field and lead the next wave of the market.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.