Community-Driven Meme Coin, $DOGS, Concludes Airdrop and Prepares for Token Burn to Enhance Value and Support Charitable Causes
24 September 2024 — $DOGS, the rapidly growing Telegram-native meme coin, is excited to announce the conclusion of its claim event on September 19th, 2024, with the final claimants receiving tokens this week. In alignment with its commitment to decentralisation and community empowerment, $DOGS will initiate a token burn event, with the exact number of unclaimed tokens to be determined by a community vote. Additionally, a noticeable chunk of the unclaimed tokens will be donated to charitable organisations, continuing $DOGS’ dedication to social responsibility.
Key Highlights:
- End of Airdrop: The final distribution of airdropped $DOGS tokens concluded on September 19th, 2024.
- The total amount of Tokens Distributed was over 380B Tokens
- Total number of Claimers over 20.5m
- No vesting or locks: Tokens are available for withdrawal from day one.
- Community Vote on Token Burn: Holders will play a crucial role in a vote to decide the number of unclaimed tokens to be permanently removed from circulation. Your participation is key to shaping the future of $ DOGS.
- Charitable Contribution: A portion of unclaimed tokens will be donated to charities selected by the community.
- Opportunity for Investors: With the airdrop ending and a token burn imminent, this period represents a strategic entry point for new investors.
Empowering the Community Through Decentralisation
$DOGS has placed its community at the forefront of decision-making from day one. By allowing token holders to vote on the extent of the token burn, $DOGS reinforces the principles of decentralisation and collective governance that are fundamental to the cryptocurrency space.
“Our community is the backbone of $DOGS,” says the community representative 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.“
Enhancing Token Value Through Scarcity
The upcoming token burn is a strategic move to reduce the total supply of $DOGS tokens, potentially increasing their value due to scarcity. This deflationary mechanism rewards long-term holders and stabilises the token’s market dynamics post-airdrop.
Continued Commitment to Charitable Giving
In keeping with its ethos of social responsibility, $DOGS will donate a noticeable portion of the unclaimed tokens to charities focused on supporting stray dogs, orphans, and other charitable causes. Previous donations exceeding $300,000 have been made to organisations such as:
- Save the Children (https://www.savethechildren.org/)
- Save an Orphan (https://www.saveanorphan.org/)
- Animal Charity Evaluators (https://animalcharityevaluators.org/)
The community will once again have the opportunity to vote on which charities will receive the donations, ensuring that contributions reflect the values and priorities of $DOGS holders.
What this means for potential new buyers
With the airdrop concluding and the token burn on the horizon, this period presents a unique and exciting opportunity for new and existing investors to join the $ DOGS community.
- Market Positioning: Post-airdrop sell-offs may lead to favourable entry prices.
- Reduced Supply: The impending token burn will decrease circulating supply, potentially enhancing token value and offering a promising outlook for investors.
- Active Community Engagement: Participation in upcoming votes allows investors to influence key decisions.
Stay Informed and Participate
To stay updated on the token burn event, community votes, and charitable initiatives, follow $DOGS on official channels:
About $DOGS
$DOGS is a meme-based cryptocurrency inspired by Pavel Durov’s beloved mascot, Spotty. Emphasising freedom, self-expression, and social responsibility, $DOGS has quickly become a prominent player in the meme coin space. With over 17 million token holders and 20 million followers across social media, the token has already been listed on major cryptocurrency exchanges and is committed to building a strong, engaged community that shapes its future.
