Earnings With Old Accounts: What Is Dogs Project, And How Does It Work?

The new mechanics attracted millions of users. What is known about the new Dogs project, which gives out coins for the age of the account?

After the success of Notcoin in the Telegram messenger, developers began to launch many applications with similar functionality. All of them have one thing in common — they offer tokens for taps on the screen and completing various tasks.

This is how another project appeared — Dogs. This mini-app works as a Telegram bot. It shows how long ago the user registered in the messenger and, depending on this, accrues a certain number of tokens. Spotty — an unofficial mascot of the VK social network — is the project logo.

It is unknown precisely who developed the application, but this did not prevent it from gaining popularity. In the first three days after the launch of Dogs, over 10 million users joined the community. 

A charity mascot with an adventurous life

Telegram and VK founder Pavel Durov created the main VK mascot during a charity auction for orphaned children.

Since then, Spotty has become the unofficial symbol of VK. The dog even has his own NFT collection, CryptoSpotty:

Spotty has lived an adventurous life, becoming one of the first sticker characters and appearing at VK Fest. Time flies, and Spotty has grown up, even venturing into space!

Who are your dawg? Dogs explained 

The application tells users how long their accounts have been registered and awards the corresponding number of points. For example, a user with a ten-year-old account can get around 8,000 DOGS tokens.

Another factor that is taken into account when awarding points is the Telegram Premium subscription. With it, users get additional 300 points. Another nuance is the Original Gangster status that confirms that the player is a long-standing and active messenger user.

Next, to get more points, users need to invite friends or boost their account level using the new Telegram Stars currency. 

At the moment, the application cannot do anything else. However, the DOGS team promises to introduce new mechanics for obtaining additional coins.

DOGS listing

Until recently, the project team has not announced anything about listing the DOGS token, but some platforms launched Dogs token premarket trading back in July.

In August, the Dogs token listing on several large centralized exchanges (CEX) on the TON blockchain was revealed (TON). The developers did not announce the details of Dogs token Telegram price but positioned it as more than just a meme coin:

It is not just another meme coin. It’s the most Telegram-native meme coin, embodying the spirit and culture of our vibrant community. We’re bringing Spotty’s legacy into the cryptocurrency world, creating something fun, community-driven, and uniquely ours.

In addition, the developers announced the so-called “Dogenomics”, according to which 81.5% of tokens will go to the community without locks. The remaining supply goes to rewards for traders, sticker creators, and future community members, as well as for the team and future developments.

Tap-to-earn euphoria continues 

The excitement around Dogs is associated with a general interest in mini-apps in the Telegram messenger. After the success of Notcoin, developers began to launch many applications with a similar tap-to-earn format.

Such games have become a trend. At its peak, Notcoin had 6 million daily active players with 16 million users in the community. The Telegram Hamster Kombat channel has over 34 million subscribers, while Blum has over 10 million community members.

An important component of such games is a referral program: a player can invite his friends, for which he will receive bonuses and improvements. This is partly what explains the multi-million community of popular games.

However, the crypto community has different views on tap-to-earn games. Optimists believe that the games’ popularity will pull the crypto market up and lead to a new bull cycle. For example, Bloomberg reporter Muyao Shen writes that such games could become a “killer app” that will define the current bull market, similar to the popularity of the game Axie Infinity a few years ago.

Skeptics are sure that tap-to-earn has no future and believe that this is another pyramid that will collapse immediately after coins are listed on the exchange. Much depends on whether the developers can fulfill their promises and how the audience behaves.

Telegram сonquers crypto market with mini apps

DOGS aims to create a community within Telegram and popularize meme tokens. It’s like a club of interests, but instead of common hobbies, users have a common illusion of the value of virtual dogs.

Despite its game-like nature, DOGS could be an exciting experiment. DOGS could be seen as Telegram’s attempt to capture a piece of the cryptocurrency market using its vast user base.