TON-based meme coin and Telegram game DOGS has pledged to donate $4.5 million in DOGS tokens to selected organizations via the Best Friends Animal Society, a US animal welfare nonprofit. These funds will come from unclaimed DOGS airdrop tokens.
The DOGS project took its inspiration from Telegram co-founder Pavel Durov’s famous dog doodle and has now become DOGS’ official mascot, Spotty. It’s now reported that Spotty will serve as the official ambassador for Best Friends Animal Society, being used across a range of marketing communications.
Not only does this raise the profile and public perception of both DOGS, and TON-based projects, but it also highlights the strengths of Dogizen in particular, another standout project in the TON ecosystem.
Why DOGS’ donation is so bullish for Dogizen
The piles of unclaimed DOGS tokens indicate both a lack of demand for them and an issue with airdrops as a method of token distribution.
Airdrops are designed to rapidly distribute tokens to a community by offering tokens to wallet addresses for free. But in this case, not even free tokens have managed to find the audience they were intended for.
On top of that, airdrops have a habit of obliterating a token’s price; recipients have every incentive to dump their tokens rapidly in a bid to capitalize on what is essentially free money.
This makes Dogizen’s ICO and potential gains look all the more bullish. Right now, Dogizen is the only Telegram game that is avoiding an airdrop and launching a token via ICO, and it’s already raised well over $1.4 million.
With prices starting low and slowly increasing, the ICO structure means the DOGIZ token is slowly building a loyal following of investors. Ones that are more likely to buy and hold long term, stabilizing the price.
Meanwhile, every other Telegram gaming project, from DOGS to Notcoin, has seen its token prices tank due to using the airdrop strategy.
Dogizen is holding the first Telegram ICO
Compounding Dogizen’s unique power via choosing an ICO over an airdrop, Dogizen is delivering this ICO directly to one of the largest and most engaged crypto audiences.
Telegram holds nearly a billion users. And is probably one of the most popular and trusted places for both onboarding new users and as a crypto-alpha source. Plus, this strategy removes a layer of friction; investors can invest, claim, and hold their tokens with just one app. Something new users will find especially helpful.
DOGS figures are impressive; great news for Dogizen investors
Despite the airdrop tanking the DOGS token price by around 50%, DOGS’ market cap is still around $380 million right now. Other big names in the TON/Telegram gaming space, like Hamster Kombat and Catizen, both have nine-figure market caps too, despite similar token price slumps due to airdrops.
Dogizen will list at a market cap of $10 million, deliberately leaving room for growth. With the additional forces in Dogizen’s corner provided by its ICO strategy, that $10 million could easily surpass Dogizen’s rivals, providing today’s investors with a cool 30, 40, or even 50x.
Then, when you factor in a bull run that’s just starting to bubble, Dogizen is showing parabolic potential that extends even further.
You can buy DOGIZ on the official Dogizen website.
Source: https://www.crypto-news-flash.com/dogs-donates-4-5-million-dogizen-strategy-looks-stronger-by-the-day/?utm_source=rss&utm_medium=rss&utm_campaign=dogs-donates-4-5-million-dogizen-strategy-looks-stronger-by-the-day