A nonprofit organization that is committed to the welfare of animals in the United States, Best Friends Animal Society, has also formed a partnership with DOGS.
Following the inauguration of a charity portal in late November, DOGS, a memecoin that is built on The Open Network (TON), intends to donate more than 6 billion tokens, which are valued at approximately $4.5 million, to nonprofit organizations worldwide.
The new platform enables registered nonprofit organizations worldwide to apply for funding, “reflecting DOGS’ commitment to divert a significant portion of unclaimed airdrop tokens toward charitable initiatives,” it informed Cointelegraph. “
“Selected organizations will receive over 6 billion DOGS tokens, which are equivalent to $4.5 million at the present rate, over the course of the year, following a rigorous approval procedure,” it continued.
A $150,000 partnership with Best Friends Animal Society, a nonprofit organization that provides assistance to neglected animals in the United States, is a component of the new initiative.
As a result of this partnership, canines will provide one month of care for adopted canines. Pavel Durov, the co-founder of Telegram, was inspired to create the DOGS memecoin initiative by his emblematic dog illustration, which served as a global symbol of Digital Resistance. His arrest in France in August prompted a TON rebrand.
The dog symbol is reminiscent of 2011, when Durov was directed to remove the posts of liberal intellectuals and dissidents.
In September, the DOGS token implemented an airdrop that attracted 17 million users. The Dogs Mini App on Telegram has been used by over 53 million users, and approximately 42 million individuals were eligible for the token airdrop, which was designed to raise awareness of cryptocurrency on the messaging platform and promote animal welfare.
‘Spotty,’ the emblem of DOGS, will serve as an ambassador for Best Friends Animal Society, appearing in marketing materials and events.
Durov initially developed Spotty as part of a charity auction; however, it has since become an emblem for The Open Network.
DOGS reached an all-time high of $0.0016 on August 28, shortly after its inception, when it forced TON offline. However, it has since plummeted by 54.6% and is currently down 4% on the day as memecoins experienced a decline.
Also Read: US government selling Bitcoin is a ‘huge tactical mistake,’ warn analysts
