@waleen
The *DOGS token* is a community-driven memecoin built on *The Open Network (TON)*, aiming to blend meme culture with real-world impact. Here's an overview of the project:
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๐พ Origins and Purpose
Inspired by "Spotty," a dog mascot created by Telegram founder Pavel Durov, DOGS token was launched in August 2024 to celebrate Telegram's anniversary. The project seeks to foster a fun and engaging community while supporting charitable causes, particularly in animal welfare. [1]
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๐ Tokenomics
- *Total Supply*: 550 billion DOGS tokens
- *Community Allocation*: 81.5% distributed to the community, with 73% reserved for early Telegram users
- *Team and Development*: 10% allocated, subject to a 12-month vesting period
- *Liquidity and Listings*: 8.5% set aside for exchange listings and liquidity provision [2]
The tokenomics emphasize community involvement, ensuring that a significant portion of tokens are in the hands of users.