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DOG•GO•TO•THE•MOON
DOG•GO•TO•THE•MOON Price Converter
DOG•GO•TO•THE•MOON Information
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🐕 | RUNE | BTC | DOGGOTOTHEMOON | 2024-04-20 |
About DOG•GO•TO•THE•MOON
DOG•GO•TO•THE•MOON ($DOG), also referred to as Dog (Bitcoin), is a meme cryptocurrency built on the Bitcoin blockchain. It utilises Bitcoin's Runes Protocol, enabling fungible token creation on the network. The project positions itself as the first significant meme coin in the Bitcoin ecosystem, leveraging the decentralisation and security of Bitcoin while embracing the community-driven ethos of meme coins.
The journey of $DOG began with the innovative use of Bitcoin's Ordinals Protocol, which facilitated the distribution of “Runestone,” a unique NFT collection, to over 112,000 Bitcoin addresses. This initiative culminated in the subsequent airdrop of $DOG tokens to holders of the Runestone inscriptions. $DOG quickly gained traction, achieving significant milestones such as a $500 million market cap within 24 hours of its launch.
$DOG is primarily a meme coin, designed to engage and unite a community around its tokenomics, branding, and mission to "go to the moon." As a meme-based cryptocurrency, it aims to explore the potential of Bitcoin as a platform for creative, community-oriented projects. The token is entirely distributed, with no presale, no insider allocations, and no team holdings, exemplifying its commitment to fairness and decentralisation.
The token's use cases are largely centred on its cultural and social impact, including:
- Community Engagement: By fostering a transparent and inclusive community around the token.
- Merchandising: Through its $DOG and Runestone merchandise shop, the project promotes its brand and engages users in popular culture.
- Innovation on Bitcoin: Highlighting the potential of Bitcoin to support meme coins and NFT-style innovations through its Runes Protocol integration.
The $DOG project was conceptualised by Leonidas, a notable figure in the cryptocurrency space and a pioneer of the Ordinals Protocol on Bitcoin. Leonidas is also the creator of Runestone, the NFT project that served as the foundation for $DOG's initial airdrop. He is recognised for his efforts in promoting transparency, fairness, and decentralisation in cryptocurrency projects. Leonidas' leadership in developing tools like Ord.io, which facilitates interactions with Bitcoin Ordinals, has cemented his role as a prominent advocate for innovation within the Bitcoin ecosystem.
The development team behind $DOG includes contributors such as @cryptosurferGR, @GandalfTheSat, @kronosaturnus, @ZeroDay_Alex, and @CryptoStath, who have collectively contributed to the project's growth and branding.