In the last month, $DOGS has captured significant attention and popularity in the global cryptocurrency market, attracting millions of users and becoming a prominent player in the tap-to-earn market.

With over 8 million verified users who have already claimed their airdrop, DOGS is now competing with notable memecoins like Hamster Kombat and NotCoin . In this article, we'll discover exactly what the $DOGS project is, how it works, and whether it could be a good investment.

What is Dogs (DOGS)?

With a community of over 16 million subscribers on Telegram, Dogs (DOGS) is a memecoin on the TON blockchain.

Launched on Telegram in July 2024, the DOGS coin was inspired by Spotty, a mascot created for a charity auction by Pavel Durov, the founder of VK (Vkontakte), Russia's largest social platform, which quickly became a symbol associated with VK. DOGS aims to expand Spotty's presence in the cryptocurrency space.

Developed to align with Telegram community's culture and preferences, the asset features the slogan "Who let the DOGS OUT?" from Baha Men's famous song, adding a recognizable and playful element to its identity.

How the Dogs token works

Dogs uses the Telegram Open Network (TON) blockchain infrastructure for secure and efficient transactions . The coin was created to reward active Telegram users through its interactive mini-app on the platform.

However, unlike traditional cryptocurrency projects, DOGS has no website, whitepaper, or roadmap. The project leverages simplicity to attract the Telegram community, making it easy for users to join and participate without the complexities often associated with other cryptocurrency projects.

By integrating directly with Telegram, DOGS enables transactions within the messaging platform's ecosystem, enhancing user experience and allowing them to easily send and receive tokens. This also strengthens DOGS adoption.

Features for project success

Community engagement: DOGS thrives on active community participation. Users are encouraged to join Telegram channels, invite friends, and complete tasks within the DOGS ecosystem to increase their token earnings.

Token listing: Officially launched on August 26, the DOGS token can benefit from listing on major cryptocurrency exchanges, such as CoinEx, opening up many trading opportunities.

How to earn DOGS on Telegram

By interacting with the DOGS bot on Telegram, users can earn tokens based on their Telegram accounts' time and activity. Telegram Premium subscribers and long-time users ("OGs") receive additional bonuses, making this a truly community-centered token.

Here's the list of activities on the DOGS Telegram bot that reward users with project tokens:

Inviting friends: Each time you invite five friends to join the DOGS Telegram bot, you can earn 20,000 DOGS.

Connecting your wallet: By linking your TON-compatible wallet, such as Tonkeeper, to the DOGS bot, you can receive 1,000 DOGS.

Subscribing or following social networks: By subscribing to official DOGS-related Telegram channels or following DOGS on social media platforms like X (formerly Twitter), you can get small bonuses, such as 100 DOGS for subscribing to channels and 1,000 DOGS for following DOGS on X.

Active community participation: Being active in the DOGS Telegram community can earn you 50 DOGS as a reward.

Joining other Telegram Mini App communities: You can also earn DOGS as rewards for joining official Telegram communities and X accounts of Telegram-based partner apps, including Notcoin and Blum. For example, subscribing to Notcoin or Blum Telegram channels can earn you 50 DOGS each. Notcoin users earn bonus DOGS - gold users can earn 4,200 DOGS, while platinum users can earn 20,000 DOGS as a bonus.

What are the use cases for DOGS?

The DOGS token is primarily used for community interaction and engagement. As a meme coin, it serves to facilitate fun and dynamic transactions between Telegram users.

DOGS tokens can be exchanged between users, facilitating microtransactions and encouraging active community participation.

Additionally, DOGS incorporates a charitable aspect , reflecting Spotty's original purpose. The community can propose and vote on charitable initiatives, allowing DOGS token holders to collectively support various causes. This feature aligns with the mascot's philanthropic and social history.

Is Dogs a good investment?

Investing in DOGS, like any memecoin , involves significant risks and requires careful analysis. The rapid growth of its Telegram channel suggests strong initial interest and a strong community presence.

However, memecoins are characterized by high volatility and speculative nature. The absence of traditional elements, such as a roadmap, website, or whitepaper, further emphasizes the need for potential investors to conduct thorough research. As with any memecoin investment, conducting detailed research and staying informed about market trends are crucial steps to help manage potential risks.

How to buy DOGS?

If you want to buy and trade DOGS tokens safely and easily , CoinEx is your best option, being a global cryptocurrency platform serving over 10 million users across more than 200 countries and regions.

To start trading on CoinEx, simply create an account, deposit funds, and choose the currency you want to trade, such as DOGS/USDT . Then, just select the amount and, if everything is correct, execute the order.

*This is an informative article and does not constitute investment advice or recommendations.

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DOGS: The TON memecoin that promises to surpass Hamster Kombat