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Telegram-linked DOGS ends airdrop and plans token burn

GrafaGrafa2024/09/25 03:30
By:Isaac Francis

Telegram-linked project DOGS (CRYPTO:DOGS) has concluded its airdrop, distributing over 380 billion tokens to 20.5 million users.  

With the airdrop completed, the project is now shifting focus toward a community-led token burn, where token holders will vote on how many unclaimed tokens should be permanently removed from circulation.  

The burn aims to reduce the total supply and potentially boost the token's value, creating a sense of scarcity that could enhance user investment.  

“Our community is the backbone of DOGS.  

By involving them directly in the token burn decision, we ensure that the future of $DOGS aligns with the interests of those who believe in our mission,” said a DOGS community representative.  

In addition to the token burn, the community will also vote on which charitable organizations should receive a portion of the remaining tokens.  

So far, DOGS has donated over $300,000 to causes such as Save the Children and Animal Charity Evaluators.  

The upcoming vote will allow holders to direct further donations, reflecting their values and priorities while engaging them in meaningful ways.  

DOGS, built on the TON blockchain, rewards long-time Telegram users based on their account age and activity.  

Launched by a team inspired by Telegram founder Pavel Durov’s dog, Spotty, DOGS has quickly grown in popularity, reaching 17 million claimers and setting records for its fast adoption.  

The project operates with a fixed supply of 550 billion coins, of which 81.5% was allocated to the community.  

A portion of the supply is reserved for long-term users, while the rest supports liquidity on exchanges and future development.  

At press time, the Dogs (DOGS) price was $0.0008716.

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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.

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