🔵 Airdrop and Community
You surely know the cute dog icon on Telegram, right? The team created this airdrop token as a loyalty reward for active Telegram users. On July 9, 2024, a mini-app $DOGS will be released on Telegram that distributes FREE tokens to Telegram users based on their account age, premium accounts, or those actively hanging out in chat bots. The result? Of course, HYPE! Tens of millions of Telegram users are scrambling to claim tokens $DOGS , making this one of the largest memecoin airdrops ever on $TON blockchain.
Due to the hype airdrop token claims, the TON chain network temporarily collapsed. The overwhelming DOGS transactions caused the TON chain validators to be 'hospitalized' for several hours. Major exchanges even paused TON transactions because the network was flooded with data. Thankfully, it has now recovered, similar to what happened with $DOGE back then.
The claims from the $DOGS developers are not satisfied with just distributing tokens; they have released a further roadmap: plans to create a dog-themed game (like DOGS House, etc.) to keep players engaged, and reportedly want to integrate DOGS into payment features in Telegram.
🔵 Staking and Whale/FUD Challenges
As of this article's publication, the Telegram wallet is offering DOGS staking with insane rewards up to 110% APY with a total reward of 350,000,000 DOGS. Allegedly, 75% of DOGS supply is controlled by a few super large wallets.
🔵 Price Prediction and Future
Regarding short-term prices, DOGS is a roller coaster, especially at the beginning of listing on major exchanges, where its price can soar several hundred percent in a short time. But don't be surprised if there's a sharp correction afterward; many people immediately take profits out of fear of LP, as it is an airdrop, so taking profits will surely happen.
But don't underestimate its long-term potential. Telegram has nearly 1 billion active users, and many say that the Telegram mini-app is the Trojan horse for mass blockchain adoption. If DOGS successfully 'sticks' to the Telegram ecosystem (for example, for transfers or micropayments), its profile could soar, and one day we might see many Telegram applications barter DOGS tokens. Plus, the development of the TON Blockchain is becoming increasingly complex and adapting to the latest existing technologies; just check it out if you don't believe it.
This is not an invitation to buy, but rather research material and casual opinions. Always DYOR before making decisions, friends! The author once lost 150k tokens of $DOGS because they forgot to write a memo when claiming 😅
