To dive deeper, check out the complete article from original source:
https://droomdroom.com/understanding-dogs-the-new-ton-based-memecoin/
🐶 DOGS Crypto is a new memecoin launched on the Ton blockchain, gaining immense popularity quickly. Launched in August 2024, DOGS even caused the highly scalable Ton blockchain to crash twice due to overwhelming transaction volumes, surpassing its capacity of 100,000 transactions per second. The token’s market cap reached a staggering $730 billion just three days after launch, making it the 8th largest blockchain by market cap.
🐾 The tokenomics of DOGS are designed to prevent manipulation by large holders (whales). 94% of its total supply is already in circulation, and 81% was distributed to the community without a locking period, ensuring a decentralized distribution. Unlike other memecoins, DOGS promotes fairness and community involvement, minimizing the risk of founders manipulating the market.
💥 DOGS was listed on major exchanges like Binance, Bybit, and OKX shortly after its launch, contributing to its rapid rise. The overwhelming popularity of DOGS led to unprecedented transaction volumes on the Ton blockchain, causing two significant crashes. Despite these setbacks, the community-driven nature and innovative tokenomics of DOGS continue to attract attention in the crypto world.
🔗 As a purely community-driven project with no official website and minimal social media presence, DOGS is expected to evolve with more details emerging over time. The memecoin’s success highlights the growing influence of decentralized and community-centric projects in the crypto space.
