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What is DOGS Crypto, The New Ton-based Memecoin?
Last updated: August 31, 2024 3:50 PM
By
Dhirendra Das
Published August 31, 2024
8 Min Read
DOGS is a new Ton-based memecoin. The crypto has been immensely popular in the crypto world, so much so that in August 2024, it twice led to a crash in the Ton blockchain. Remember, Ton is one of the most scalable blockchains, with a theoretical capacity of 100,000 transactions per second.
Contents
What is DOGS, The New Ton-based Memecoin?
Technical Overview
Tokenomics
Token Listing on Exchanges
DOGS Popularity Crashes The Ton Blockchain
Conclusion
Frequently Asked Questions
What Sets DOGS Aside From Other Memecoins like Shiba Inu (SHIB), Sundogs(SUNDOG) or Dogwifhat(WIF)?
What Could be Its Future Price?
Can we Participate in DOGS Governance?
Is the DOGS Memecoin Inflationary or Deflationary?
With this article, DroomDroom comprehensively explores the new memecoin and also dives in great depth to bring all the information around the new memecoin that has taken the world by storm.
If you are holding DOGS or any other top crypto token, make sure you have a hedge so that your capital does not get wiped out.
What is DOGS, The New Ton-based Memecoin?
DOGS is a newly launched Ton-based memecoin created in the image of Spotty, a mascot created by Pavel Durov.
The memecoin was launched on the Ton blockchain coincidentally, along with Telegram founder Pavel Durov’s arrest in France. And in a second coincidence, the Ton blockchain recovered from a DOGS-led crash when Pavel Durov was released from police custody.
Just three days after its launch, DOGS had a market cap of $730 billion, making it the 8th largest blockchain. The token also has an extremely user-friendly tokenomics that discourages hoarding and manipulation. We have explained this in detail in the next section.
Take a look at MoonTON, a revolutionary project for seamless token transfers between TON, Ethereum and Solana.
Technical Overview
Here are the technical details of the DOGS memecoin that we have curated from the project.
The project did not have any website at launch.
The coin and its transaction history can be seen on Ton Explorer.
The price of $DOGS memecoin at launch was $0.001528.
The smart contract address for the token is
EQCvxJy4eG8hyHBFsZ7eePxrRsUQSFE_jpptRAYBmcG_DOGS
Take a deep dive with Droom Droom to understand how blockchains operate.
Tokenomics
DOGS has a very retailer-friendly tokenomics, which allows it to be one of the top coins that cannot be manipulated by whales, at least in the near future.
The crypto has already sent 94% of its total token supply (55 Billion) into circulation. This not only increases the trust in the blockchain but also assures that no single party can hoard a lot of coins.
Moreover, 81% of the total token supply was released to its community without any locking period, therefore rewarding all users without any hold-back.
Firstly, in several former founder-manipulated cryptocurrencies, it was found that the founders deliberately kept the lion’s share of the token distribution and when the price hits a certain level (on the upside), they sell their entire stash, triggering a sell-off where common investors get caught up in losses.
Secondly, the presence of a high number of tokens in circulation makes sure that the token is well distributed in the cr
ypto community, and there are very few chances of a whale-like hoarding.
