The airdrop for Dogs (DOGS), a new memecoin on The Open Network (TON) blockchain, has been claimed by a record number of users. The project developers stated that the DOGS token was “the largest meme Token Generation Event (TGE) in crypto history.”
History of TON Blockchain
The TON blockchain was initially created by Telegram in 2018, but was later taken over by an independent group of developers. In a statement on Telegram, it was noted that in the past two weeks, daily active user addresses reached 1.1 million, with 14.4 million transactions being processed in a single day.
17 million users have claimed DOGS tokens. The DOGS token is currently held by 4.5 million unique wallets on TON. This means that DOGS has the most unique token holders on any chain to date. Only USDT, TRON and Ethereum $2,350.63 has more owners on it.
Future Airdrop Plans
TON developers are expecting larger Token Generation Events for future airdrops, with projects like Catizen (CATI) and Hamster Kombat (HMSTR) expected to attract millions of new users to the blockchain.
These levels of user engagement were unimaginable on Web3. We expect larger TGEs for Catizen and Hamster Kombat in September, which could bring tens of millions of users to the blockchain for the first time. The network may face technical pressures and unexpected issues, but we are resolute in the face of these challenges.
Market Situation
The DOGS token is trading at $0.001047 at the time of writing and is up 2.6% in the last 24 hours. Memecoin’s market cap is reported at $541,450,195.
53 million users interacted with the DOGS Mini App and 42.2 million users were eligible for the token airdrop. The number of users requesting the airdrop was reported as 17 million.
TON developers stated that they are working to attract more users on the blockchain and to find solutions to technical difficulties. User interaction is expected to increase even more with future projects and airdrops.
The DOGS token was created inspired by Pavel Durov’s iconic dog drawing, and this memecoin has gained a significant place in the cryptocurrency world. The high interest of users is considered a promising indicator for future projects of the TON blockchain.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
