DOGS, the latest sensation in the cryptocurrency world, is set to airdrop over 400 billion $DOGS tokens on August 20, marking the official launch of this highly anticipated project. With over 53 million users engaging with the DOGS bot, 42.2 million are eligible for the airdrop, according to the project’s official Telegram channel.
DOGS is a Telegram mini-app that rewards users based on the longevity of their Telegram accounts, with additional bonuses for Telegram Premium subscribers and “Original Gangster” status holders—users recognized for their long-term activity on the platform. This innovative “tap-to-earn” model has already attracted millions, with over 10 million users joining in just three days after its launch.
The tokenomics of $DOGS, referred to as “Dogenomics,” are heavily community-focused. A significant 81.5% of the total 550 billion token supply is allocated to the community, with 73% awarded to Telegram OGs who have been actively earning through the bot. The remaining supply is intended for rewarding traders, sticker creators, and future community members. The team behind DOGS has reserved 10% of the supply for development purposes, with most of it locked under a 12-month vesting period. Additionally, 8.5% is set aside for liquidity on centralized and decentralized exchanges, as well as for listing-related activities.
On August 20, users can claim their tokens through non-custodial wallets, although they will need Toncoin to cover the gas fees for these blockchain transactions. To prepare, users are advised to ensure they have sufficient Toncoin in their wallets, which can be purchased through exchanges or earned via Telegram Stars.
The DOGS project is seen as a bold experiment within the Telegram ecosystem, where it aims to create a vibrant community around meme tokens. With its roots in Telegram and VK, DOGS not only taps into the nostalgia of long-time users but also seeks to establish a new kind of digital currency driven by community engagement. While some in the crypto community are optimistic about its potential to spark a new bull market, others remain cautious, viewing it as another speculative venture.
As the August 20 airdrop date nears, anticipation is high, with many eager to see how this project will unfold and what impact it will have on the broader cryptocurrency landscape.
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