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Cryptocurrency News Articles

DOGS Token Airdrop on The Open Network (TON) Attracts 17 Million Claims from Airdrop Hunters

Sep 11, 2024 at 12:12 am

The highly celebrated Dogs (DOGS) token airdrop on The Open Network (TON) saw 17 million claims from airdrop hunters in the memecoin ecosystem.

DOGS Token Airdrop on The Open Network (TON) Attracts 17 Million Claims from Airdrop Hunters

The Open Network (TON) airdrop for the Dogs (DOGS) token has seen an overwhelming response, with 17 million claims from airdrop hunters within the memecoin community.

The TON Community announced the development in a recent Telegram post, revealing that over 17 million holders claimed the DOGS token on the social messaging platform, which was inspired by Pavel Durov, the co-founder of Telegram.

The Dogs Mini App boasts over 53 million users, out of which 42.2 million active participants qualified for the airdrop.

A snapshot of the number of claims for the DOGS airdrop. | Source: TON Community

The memecoin has seen rapid growth since its launch, amassing over 4.5 million unique wallet holders on the TON blockchain within two weeks.

This achievement makes DOGS the token with the most unique holders on any blockchain, surpassing many other tokens in the category.

The only assets that are reported to have more holders are the major players on TRON and Ethereum, such as the Tether-issued USDT.

According to Ycharts, the asset still falls short of top cryptocurrencies like Ethereum (ETH), which has more than 273M unique addresses.

However, following the Token Generation Event (TGE) for DOGS, there was a surge in investor interest, which caused two major TON network outages.

The high level of activity suggests that memecoins continue to gain popularity despite having less market penetration than more established digital currencies.

Upcoming Airdrops and Telegram Mini Apps

The TON community is also gearing up for the highly anticipated airdrops of Hamster Kombat and Catizen, two major projects on the network.

These airdrops are expected to bring millions of new users to the blockchain.

Hamster Kombat, a popular Telegram-based clicker game, made headlines in August after reaching 300 million players.

Previous notable airdrops, such as Bonk (BONK), which distributed tokens valued at over $1.3 million, have set a high standard for memecoin marketing, according to a recent study by Coingecko.

Top-ranking crypto airdrops. | Source: CoinGecko

Meanwhile, Justin Hyun, the director of investments at the TON Foundation, has expressed his optimism that Telegram Mini Apps will contribute to the onboarding of 500 million new users by 2028.

However, Hyun emphasized the importance of practical applications with user-friendly approaches to achieve this goal.

He explained that these mini-apps allow people to interact with blockchain technology without even being conscious of it.

To support this objective, TON announced a $115 million community incentive program earlier this year.

The development comes as Telegram-based games are rapidly expanding, following the recent announcement of the platform reaching 150 million users.

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Other articles published on Jan 15, 2025