$DOGS Review: Background, Tokenomics & DOGS Token Price

Home / Blog / Reviews / $DOGS Review 2024: Background, Tokenomics & $DOGS Price Prediction

The story of the DOGS token and the development of the DOGS token price is tightly linked to Telegram.

If you’re not familiar, Telegram launched in 2013 for iOS and Android. It quickly became the go-to messaging app for the crypto community. Why? Its privacy features allow users to chat without sharing phone numbers. Today, Telegram has almost a billion users worldwide. Plus, it’s expanding through The Open Network (TON) blockchain, which recently broke into the top 10 cryptocurrencies by market cap.

This year alone, the total value locked on the TON blockchain soared from $13.5M in January to $518.95M. Some compare this rapid growth to what we saw with Solana and Base. A big part of this rise is thanks to the integration of the TON wallet and Telegram’s mini-apps, like Notcoin and Hamster Kombat, both with millions of active users.

Now, let’s talk about DOGS. The DOGS mini-app has gained over 53m users in just two months. But what exactly is DOGS? In this article, we’ll break down the token’s value, its price trends, future predictions, and other exciting details.

Table of Contents

What is DOGS?

DOGS is a fun, dog-themed coin on Telegram, created to build a community around its mascot, Spotty, and make the most of Telegram’s huge user base.

Unlike other meme coins, DOGS offers real utility within Telegram’s ecosystem. Built on the TON blockchain, it rewards long-time, active Telegram users by distributing tokens based on their account age and activity.

The DOGS team plans to roll out additional features in the messenger, including meme stickers that users can mint and trade on-chain, along with customizable content.

With a fixed supply of 550 billion DOGS, “Dogenomics” allocates 81.5% of tokens to the community, with 73% specifically for long-time Telegram users. The rest goes to traders and future members. Since there are no locks or vesting periods, users can trade or use their DOGS right after the airdrop.

$DOGS token background

The DOGS coin is closely linked to Spotty, a character created by Pavel Durov, founder of VK and Telegram. Spotty’s story began when Durov drew the dog during a charity auction to support orphanages, with proceeds from Spotty-themed gifts on VK going to children’s homes. This made Spotty a symbol of generosity within the VK community.

Over time, Spotty became one of VK’s first popular sticker characters, making appearances at VK Fest and even being featured in a space-themed event, cementing its status as a cultural icon.

Today, Spotty’s legacy lives on as the mascot of DOGS coin, a meme cryptocurrency connected to Telegram. DOGS coin embraces Spotty’s history of charity and aims to unite the Telegram community around this beloved character in the world of crypto.

Spotty was originally a drawing by Telegram founder Pavel Durov for a charity auction to help orphanages. The drawing became popular in Russia, even becoming the unofficial logo for VKontakte, a social media site also founded by Durov. Spotty appeared in stickers on the site and at VK Fest, a big music festival.

Key features of $DOGS coin

$DOGS coin stands out with its unique features designed for the community:

No restrictions: Users get full access to their $DOGS tokens right away, with no waiting periods or restrictions.
Community-owned: Most $DOGS tokens are owned by the community, giving users control and making decisions more decentralized.
No outside investors: $DOGS coin is entirely driven by its users, without the involvement of external investors, keeping it independent.
Fixed supply: There’s a limited number of $DOGS tokens, meaning no more will be created, which helps maintain or increase their value over time.
Built for Telegram: $DOGS coin is made specifically for Telegram users, giving it real utility within the platform.
TON blockchain: $DOGS is built on the secure and scalable TON Blockchain, ensuring smooth transactions and a safe network.

How does DOGS work?

Getting started with DOGS is easy and enjoyable. Here’s a simple guide to help you join the DOGS community and earn tokens:

Join the Dogs Bot: Find and join the @dogshouse_bot on Telegram.
Start the bot: Click the “Start” button, and the bot will guide you through the setup.
Checking your Telegram usage: The bot will verify how long you’ve been using Telegram. The longer your usage, the more DOGS tokens you’ll receive.
Get your DOGS tokens: After verification, you’ll be rewarded with DOGS tokens based on your Telegram activity.
Invite friends: Share the Dogs bot with friends. A growing community can increase the value of $DOGS tokens.

$DOGS distribution method

$DOGS tokens are distributed uniquely, based on Telegram activity rather than traditional mining or buying.

Here’s how it works:

Account age: The older your Telegram account, the more DOGS tokens you’ll get, rewarding long-term users.
Telegram Premium: Premium subscribers receive extra benefits and more DOGS tokens, encouraging people to upgrade their Telegram experience.
OG status: Long-time, active Telegram users (OGs) can earn even more tokens, recognizing their loyalty and activity on the platform.

$DOGS token price

$DOGS got listed on Binance on August 8, 2024. As of September 18, 2024, the price on OKX sits at $0.00098200, down from its late August peak of $0.001644. The coin has been very volatile, especially after the token unlock. This event triggered high sell pressure from airdropped tokens, leading to a price drop.

Looking ahead, $DOGS faces resistance at $0.0015. If it breaks above that, we could see a climb toward $0.0017 or even $0.002. However, the broader crypto market remains bearish, and $DOGS’ volatility could keep pushing the price down.

Considering these risks, investors should proceed with caution. Meme coins are unpredictable, so always do thorough research before diving in.

Why DOGS is taking the Philippines by storm

DOGS has gained a massive following worldwide, but there’s one place where the demand is off the charts — the Philippines. For some reason, it’s insanely popular there.

There might be several reasons why DOGS is trending in the Philippines:

Strong Telegram user base: The Philippines has a large and active Telegram community, and $DOGS, being native to Telegram, appeals to this audience. Many users are drawn to the easy integration of $DOGS with Telegram, including its rewards based on Telegram activity.
Memecoin popularity: Memecoins like $DOGS often gain traction in regions where crypto and meme culture are prevalent. In the Philippines, there’s a strong online community that enjoys participating in these trends, making $DOGS a hot topic.
Community and earning potential: $DOGS offers an accessible way for users to earn tokens based on their Telegram activity, which appeals to many in the Philippines, where earning opportunities through crypto are popular.
Word-of-mouth growth: As more people in the Philippines join the $DOGS community, the buzz spreads quickly through social media and Telegram groups, contributing to its trending status.

Conclusion

$DOGS coin draws inspiration from Pavel Durov’s Spotty mascot, capturing the essence of the Telegram community. It emphasizes charity and offers features like no locks, community ownership, and a fixed supply. Plus, it integrates natively with Telegram, making it unique in the crypto space.

Built on the secure TON Blockchain, $DOGS has strong potential as an asset. However, like other meme coins, it can be highly unpredictable. So, it’s important to understand the risks before investing. Always do your own research, and only put in what you’re comfortable losing.