As a seasoned crypto investor with a knack for spotting trends and a soft spot for quirky projects, I find the new Dogs project quite intriguing. Having navigated through the crypto market’s ups and downs since its inception, I’ve learned to appreciate projects that tap into the community spirit and leverage existing user bases.
“The novel mechanics drew in approximately seven million users.” As for the Dogs project, it’s a system that awards digital coins based on the length of time an account has been active.
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Following the triumph of Notcoin within the Telegram platform, a flurry of apps with comparable features emerged. These apps share a distinct trait – they provide tokens as rewards for screen taps and task completions.
As a seasoned user of various social media platforms, I must say that I have come across many unique and interesting projects over the years. One such project that caught my attention recently is Dogs, a Telegram bot that serves as an engaging and interactive way to reward users for their activity on the platform.
The identity of the creator behind the app remains a mystery, yet its allure has managed to draw in an impressive crowd. In just the first three days following its release, Dogs attracted more than 10 million users to its community.
A charity mascot with an adventurous life
Pavel Durov, co-founder of Telegram and VK, designed the primary VK mascot as part of a charitable auction benefiting orphaned kids.
Ever since that time, Spotty has emerged as an unsanctioned emblem for VK. Remarkably, he’s also got a digital collectible series, known as CryptoSpotty.
From a thrilling background, Spotty emerged among the pioneers of sticker characters, gracing events like VK Fest. As time swiftly passes, this character has matured and even dared to explore the cosmos!
Who are your dawg? Dogs explained
The app informs users about the length of time they’ve had their accounts active and grants them corresponding points (e.g., a user with a decade-long account might receive approximately 8,000 DOGS tokens).
In the process of assigning points, consideration is given to whether a user has a Telegram Premium subscription, as they receive an extra 300 points with it. Furthermore, the “Original Gangster” status, which signifies a player’s long-term and active usage of the messenger app, also comes into play.
To earn additional points, users can either invite their friends or upgrade their account by utilizing the latest Telegram Stars virtual currency.
Right now, the app doesn’t offer any other functions, but the DOGS team is planning to add more ways to earn extra coins in the future.
DOGS listing
Up until now, there’s been no word from the project team regarding the listing of the DOGS token. However, some trading platforms initiated pre-market trading for Dogs tokens as early as July.
In August, it was announced that the Dogs token would be listed on various prominent centralized cryptocurrency exchanges (CEX) operating on the TON blockchain. Although the developers did not disclose specific details about the Dogs token’s price on Telegram, they presented it as being more than just a humorous coin.
As a seasoned crypto enthusiast with years of experience in the digital currency market, I firmly believe that this meme coin is more than just another token. With my deep roots in the Telegram community, I can attest to its authenticity and alignment with our shared values and culture. Bringing Spotty’s essence into the cryptosphere is not only exciting but also a testament to the power of community-driven innovation. This project represents an opportunity to create something unique, fun, and truly ours – a testament to the spirit of collective creativity that thrives in our digital world.
Furthermore, developers unveiled a strategy they’re calling “Dogenomics”. This strategy suggests that approximately 81.5% of the tokens will be distributed to the community without any restrictions. The remaining portion is allocated for rewards towards traders, sticker designers, potential new community members, the team, and future project enhancements.
Tap-to-earn euphoria continues
The enthusiasm for Dogs (a term used here as an example) often stems from a broader curiosity about bite-sized apps within the Telegram messaging platform. Following the triumph of Notcoin, numerous developers have started introducing apps that employ a similar system where users can earn rewards by simply tapping.
These types of games are currently very popular. At its height, Notcoin boasted 6 million daily active players and a community of 16 million users. The Telegram Hamster Kombat channel boasts more than 34 million subscribers, while Blum’s community exceeds 10 million members.
A key feature of these games is a referral system: players can ask their friends to join, earning rewards and enhancements as a result. This, in part, contributes to the massive player base of well-known games.
Conversely, there’s a diversity of opinions within the cryptocurrency community about tap-to-earn games. Some are hopeful that these games’ rising popularity could boost the crypto market and initiate another bull run. For instance, Bloomberg reporter Muyao Shen suggests that such games might serve as a “catalyst app,” potentially shaping this current bull market much like Axie Infinity did several years ago.
Critics are convinced that “tap-to-earn” systems won’t last and view them as potential schemes similar to a collapsing pyramid, especially when the coins are listed for trading. The success of these projects hinges significantly on whether the developers can deliver on their promises and how users respond to them in the long run.
Telegram сonquers crypto market with mini apps
DOGS seeks to establish a community on Telegram and boost the recognition of meme tokens. Essentially, it’s similar to a group centered around shared passions, except that in this case, members share a collective belief about the worth of digital canines.
In a playful manner reminiscent of games, DOGS might prove to be an intriguing trial. This digital currency could be perceived as Telegram’s strategic move to claim a share of the cryptocurrency market, leveraging its extensive user network.
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2024-08-16 13:27