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Certainly! Here's an overview of the $DOGS Token, including its background, investors, and tokenomics. Overview The DOGS Token is a meme coin launched on the TON (The Open Network) blockchain, reflecting the spirit and culture of Telegram users. The token features Spotty, a dog character created by Telegram founder Pavel Durov during a charity auction. Within two weeks of its launch, DOGS amassed over 20 million users, highlighting its rapid adoption within the Telegram community. Investors Specific details about individual investors in the DOGS Token are not publicly disclosed. However, the token's deep integration with the Telegram ecosystem and its rapid user adoption suggest strong community backing. The association with Pavel Durov's creation, Spotty, further implies potential support or endorsement from key figures within the Telegram community. Tokenomics The DOGS Token has a total supply of 550 billion tokens, distributed as follows: Community Allocation (81.5%): A significant portion is dedicated to the community, with 73% specifically allocated to long-time Telegram users. The remaining tokens are designated for traders and future community members. Notably, there are no locks or vesting periods, allowing users to trade or utilize their DOGS tokens immediately after the airdrop. Remaining Allocation (18.5%): While specific details about the remaining allocation are not provided, it is likely reserved for development, marketing, and other operational purposes to support the project's growth. The DOGS Token's distribution strategy emphasizes a community-first approach, aiming to reward and engage Telegram's extensive user base. This approach aligns with the token's identity as a meme coin deeply rooted in Telegram's culture. For more detailed information, you can refer to the official announcements and discussions within the Telegram community, as well as reputable cryptocurrency analysis platforms. *Note: As with any investment, especially in meme coins, it's essential to conduct thorough research and exercise caution due to the inherent volatility and risks associated with such assets.*

Author: Nianqing, ChainCatcher In the early hours of Beijing time, after keeping everyone in suspense, Zhao Changpeng finally released a photo and story of his pet dog Broccoli. The expectations were high among the P players and the schemers, but neither Zhao Changpeng nor BNBChain anticipated that a small picture of a pet dog would trigger a large-scale meme battle and a "slaughter" of retail investors. After the announcement of Zhao Changpeng's dog's name, the meme coin Broccoli** (**broccoli) quickly went on-chain, with hundreds of similarly named memes appearing on the BNB Smart Chain, some projects even directly forking code templates. As of the time of writing, the BNBChain's Four.Meme platform has 479 Broccoli-themed tokens, but the vast majority have very low market values. Due to the lack of official and absolute authoritative contracts, players spent a lot of time "searching for dogs," and most players fell into various conspiracy coins and rug pulls. This also led to the result of traffic spilling over to other chains, such as Solana, which is best at launching memes. Currently, there are also hundreds of Broccoli memecoins on Solana's Pump.fun, and although the hype has decreased, the highest market value is still in the tens of millions of dollars. KOL @Dengta vividly commented: the distorted crypto world has become a hell. In the meme scene, it resembles a Buddhist classic, where "once, when a novice monk poured a large amount of offering water and food, a large group of hungry ghosts gathered to fight for food…" After fermenting for half a day, some people doubled their profits and left, some were cut and trapped, while others remained in place, waiting to see which dog the officials would support more. In the face of this large-scale stress test, BNB Chain clearly was not prepared. With the explosive increase in trading volume, BNB Chain began to experience lag and downtime. Many users reported that their transactions were stalled, resulting in losses. It was reported that unconfirmed transactions on the BNB Chain network once exceeded one million, and 15% of the validating nodes crashed due to memory overflow. The technical issues seemed to expose more problems within the team, such as customer service. KOL @Yuyue published an urgent public complaint titled " Serious Negligence of BNBChain's Marketing Personnel and Damage to Brand Image ," reflecting that after a malfunction in the Myshell airdrop wallet yesterday, there were significant professional misconduct issues during communication with staff, accusing "relevant personnel of displaying arrogance and a lack of professionalism in recent community communications, which has caused substantial damage to the BNB Chain brand reputation." There are also views that suggest the issues exposed are not merely the fault of a single employee, but rather a disorder in strategy and decision-making at BNB Chain/Binance in the face of fierce competition. What was intended to be a traffic draw for BNB Chain turned into a marketing opportunity for Solana. After experiencing BNB Chain's infrastructure, people even began to reminisce about Solana. The tragedy stemmed from a founder who originally did not like memes having to step in for the ecosystem. Zhao Changpeng had publicly stated that while he does not oppose meme coins, they have become "a bit" strange, and he encourages and supports "using blockchain technology to build real applications." After the launch of Trump’s coin sparked a wave of celebrity coins, he reiterated that there are currently no plans to launch a meme coin. Recently, after the meme coin TST on the Four.meme platform became popular, this founder decided to leverage his influence to give it a boost. Zhao Changpeng began to catch up on the release process and mechanisms of memecoins and decided to publicly share information about his dog. After spending about a day considering it, Zhao Changpeng finally decided to expose his dog's information for the sake of his career. However, he emphasized, "I only released a photo and name of my dog. I will not personally issue a meme coin." Subsequently, in response to criticisms of "manipulating investors and playing various guessing games on BSC," Zhao Changpeng acknowledged that while the comments were harsh, the viewpoints were interesting. He admitted he hoped to see more activities on BSC but had not participated in the issuance or operation of meme tokens due to a lack of experience. However, as a top figure in the crypto world, it is clearly irresponsible to distance himself from this farce merely by claiming "a lack of experience." @CryptoZen commented: "There are clearly better ways to layout the meme track, yet you default to or even advocate for everyone to join the 'on-chain massacre,' so don't blame everyone for cursing you" (this comment was also retweeted by Zhao Changpeng himself). Additionally, he stated that Zhao Changpeng's influence is indeed too great; every word and action, whether it’s a dog or a cat he raises, constantly stirs the heartbeat of the market. Especially, one should be wary of "being exploited by malicious harvesting machines."

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