TON Blockchain Executes Monumental Airdrop for DOGS Memecoin

The Open Network (TON) blockchain recently conducted a groundbreaking airdrop for its new memecoin, Dogs (DOGS), which saw an unprecedented number of user requests. Project developers claim this is the largest meme Token Generation Event (TGE) in crypto history.

History of TON Blockchain

Originally developed by Telegram in 2018, the TON blockchain was later handed over to an independent group of developers. In a recent Telegram statement, it was revealed that the blockchain had 1.1 million daily active user addresses in the past two weeks, along with 14.4 million transactions in a single day. Access NEWSLINKER to get the latest technology news.

Future Airdrop Plans?

Developers anticipate even larger Token Generation Events for upcoming airdrops, such as Catizen (CATI) and Hamster Kombat (HMSTR), which are expected to draw millions of new users to the blockchain. They foresee significant technical challenges but express determination to overcome them.

Key Takeaways

Concrete insights from the DOGS airdrop:

• 17 million users requested DOGS tokens.
• 4.5 million unique wallets on TON hold DOGS tokens.
• DOGS is the most uniquely held token on any chain, trailing only USDT, TRON, and Ethereum in holder count.

As of the latest data, the DOGS token is trading at $0.001047, reflecting a 2.6% increase in the past 24 hours. Its market value is estimated at $541,450,195. The DOGS Mini App attracted 53 million users, with 42.2 million qualifying for the airdrop and 17 million actually claiming it.

TON developers are continuously working to onboard more users and handle technical challenges. Future initiatives and airdrops are anticipated to significantly boost user engagement. The DOGS token, inspired by Pavel Durov’s iconic dog drawing, has already made a notable impact in the crypto world, indicating a promising future for the TON blockchain’s projects.