Over 17,000,000 Users Claim Airdrop for TON’s New Dog-Themed Altcoin, Setting a Blockchain Record

A document variety of customers claimed Canine (DOGS) on the layer-1 blockchain The Open Community (TON) throughout the current airdrop of the brand new memecoin, the venture’s builders mentioned.

In a brand new submit on messaging app Telegram, TON builders participation that Canine has change into the “largest meme TGE (Token Technology Occasion) in cryptocurrency historical past.”

The TON blockchain was initially created by Telegram in 2018, however has since been acquired by a world group of impartial builders.

“17 million customers claimed DOGS tokens. Over the previous two weeks, our each day lively person addresses reached 1.1 million a number of occasions, with the variety of transactions in a single day peaking at 14.4 million. The DOGS token distribution performed a key function on this wave. The DOGS token is now held by 4.5 million distinctive wallets on TON, placing it in a novel place: it has probably the most distinctive token holders ever on any chain, and this has been achieved in simply two weeks. Solely USDT on TRON and Ethereum have extra holders than DOGS.

DOGS, a meme venture about TON impressed by Pavel Durov’s iconic canine drawing has spawned the largest meme TGE in cryptocurrency historical past.

• 53 million customers engaged with the DOGS Mini app.
• 42.2 million had been eligible for the symbolic airdrop.
• 17 million customers claimed their airdropped tokens.
• 4.5 million distinctive holders.”

TON builders are additionally predicting bigger TGEs for upcoming airdrops on the TON blockchain, together with Catizen (CATI) and Hamster Kombat (HMSTR).

“These ranges of person engagement had been beforehand unthinkable in Web3. In September, we count on even greater TGEs for Catizen and Hamster Kombat, which might convey tens and even a whole lot of hundreds of thousands of customers to the blockchain for the primary time. The community will undoubtedly face elevated technical pressures and probably some unexpected points, however we’re steadfast in our dedication to constructing and addressing these challenges as we transfer in direction of mass adoption.”

Canine is buying and selling at $0.001047 on the time of writing, up 2.6% within the final 24 hours. The memecoin has a market capitalization of $541,450,195.

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Featured picture: Shutterstock/Sabura/Natalia Siiatovskaia