Research Report | PAWS Project Overview & Market Value Analysis

1. Project Introduction

PAWS is a casual game built into the Telegram platform, allowing users to play directly through a Telegram bot without needing to download additional apps. Players can earn $PAWS tokens through a "Tap-to-Earn" model by tapping the screen, completing tasks, or inviting friends. With its simple mechanics and low entry barrier, PAWS is accessible to users of all backgrounds.

Official data shows that PAWS attracted over 27 million users in its first 10 days, with its Telegram community surpassing 10 million members. The game's rapid growth is driven by its intuitive interaction model and seamless integration with Telegram. Players can accumulate tokens by tapping game elements, joining partner communities, and engaging in community activities. Additionally, PAWS optimizes reward distribution based on user history and social activity, ensuring that long-term users receive greater incentives.

Compared to games like Hamster Kombat, which emphasize strategy-based gameplay, PAWS appeals to a broader audience with its ease of access and high interactivity. The reward system not only incentivizes individual actions but also encourages social sharing, enabling users to earn additional income by inviting friends, fostering a self-sustaining growth loop. Moreover, PAWS is compatible with the TON blockchain, allowing users to link their TON ecosystem wallets for token management, paving the way for future asset transfers.

2. Project Highlights

1. Rapidly Growing Global User Base, Setting New Records for Telegram Games

Since its launch, PAWS has attracted 75 million users within just 2.5 months, making it one of the fastest-growing Web3 mini-games in the Telegram ecosystem. Its official Telegram community has surpassed 10 million members, and it has accumulated 35 million linked wallets, demonstrating high engagement and strong recognition within the crypto space. Compared to other Telegram mini-games, PAWS has rapidly gained market traction with its easy participation model and viral social mechanics.

2. A Low-Entry Web3 Gaming Experience, Combining Social Growth with Continuous Rewards

PAWS features a "Tap-to-Earn" gameplay model, where users can earn $PAWS tokens simply by interacting within the Telegram mini-app—tapping game elements, completing tasks, or referring friends. This lightweight approach lowers the barrier for Web3 adoption, making it easy for users with no prior crypto experience to join. Additionally, PAWS introduces a referral reward system that allows users to invite friends via unique referral links and earn 10% of their friends' earnings as extra rewards. This viral mechanism fuels rapid user growth and community expansion.

3. A Community-Driven Token Economy Inspired by Popular Meme Coins

PAWS' token economy is inspired by community-driven tokens like BONK and Dogwifhat (DWF), focusing on fair distribution and long-term incentives to ensure sustainable token growth. In its token allocation, 62.5% of $PAWS tokens are set aside for in-game rewards and future airdrops, directly benefiting active players and early supporters to drive ecosystem engagement. Additionally, PAWS allocates 12% for ecosystem development, 8% for liquidity, 7.5% to the Solana OG community, and 10% to the team, ensuring a well-balanced and sustainable token economy.

4. Bridging TON and Solana to Build a Cross-Chain Web3 Ecosystem

PAWS not only utilizes the TON ecosystem for token management but is also actively integrating with the Solana ecosystem, positioning itself as a bridge between these two major blockchains. Users can connect a TON-compatible wallet (such as Tonkeeper) to manage $PAWS tokens, and PAWS is also exploring cross-chain interoperability to attract users from different blockchain communities. This cross-chain approach enhances PAWS' growth potential in the Telegram Web3 gaming space and strengthens its role as a connector between the TON and Solana ecosystems, fostering broader Web3 collaboration.

3. Market Valuation Expectations

According to official sources, PAWS is one of the fastest-growing Web3 mini-games in the Telegram ecosystem. By leveraging its "Tap-to-Earn" model and viral social mechanics, it has quickly built a massive user base. Its native token, $PAWS, serves as both the in-game reward and the ecosystem token, with a total supply of 100 billion. The current pre-market trading price on Bitget is $0.00050, giving it a fully diluted valuation (FDV) of approximately $50 million.

When assessing its market valuation, PAWS can be compared to other Telegram-based gaming tokens such as Hamster Kombat (HMSTR), Catizen (CATI), and X Empire (X) to establish reasonable expectations.

4. Tokenomics

Total Token Supply: 100 billion

Token Allocation:

• 62.5% — Reserved for the PAWS ecosystem and future airdrops, ensuring that active players and early supporters receive long-term rewards to drive ecosystem growth.
• 12% — Dedicated to ecosystem development, including platform expansion, partnerships, and long-term sustainability initiatives.
• 10% — Allocated to the team for continuous project development and operations.
• 8% — Reserved for liquidity to support market stability.
• 7.5% — Allocated to the Solana OG community to strengthen PAWS' presence within the Solana ecosystem.

Token Utility:

1. In-Game Rewards: Players can earn $PAWS through the Tap-to-Earn model and use them for in-game interactions or future expansion features.
2. Social Engagement Incentives: PAWS integrates Telegram’s social features, encouraging users to invite new players and participate in community activities, adding value to the tokens held.
3. Governance and Voting: In the future, $PAWS holders will be able to take part in governance decisions within the PAWS ecosystem, including voting on upgrades and project proposals.

5. Team Funding

Team Information:

The PAWS team has not publicly disclosed detailed information. However, the project has been promoted multiple times by Viktor (X: @s0meone_u_know), the Global Community Lead of the TON Foundation, suggesting a strong collaboration with the TON ecosystem.

Funding:

No funding details have been disclosed at this time.

6. Potential Risks

1. Since PAWS distributes tokens through a "Tap-to-Earn" model, a slowdown in new user growth or an increase in users prioritizing withdrawals over engagement could lead to token inflation or depletion of the reward pool.
2. PAWS relies on viral user growth and the Tap-to-Earn model. If user acquisition slows down or the reward system becomes unsustainable, it may impact engagement and the long-term stability of the ecosystem.

7. Official Links

• Website: https://paws.community/app
• Twitter: https://x.com/GOTPAWSED
• Discord: https://discord.com/invite/dvKnMMU7Jp