DOG‣GO‣TO‣THE‣MOON, commonly referred to as DOG, is a meme coin built on the Bitcoin blockchain leveraging the Runes Protocol. It is designed to be a community-driven initiative aimed at increasing Bitcoin adoption by making it more engaging and accessible. As a Bitcoin-native token, it integrates the trust and security inherent to Bitcoin.
DOG‣GO‣TO‣THE‣MOON operates using the Runes Protocol on Bitcoin's Layer 2, allowing the creation of fungible crypto assets on the Bitcoin network. It utilises Bitcoin’s Proof of Work (PoW) consensus mechanism, ensuring its security and integrity. Although it doesn't employ traditional smart contracts, it takes advantage of the Runes Protocol and Ordinals to manage and distribute tokens.
Potential use cases for DOG include:
DOG‣GO‣TO‣THE‣MOON was launched on April 24, 2024, by the Runestone project. Upon launching, a strategic airdrop of 100 billion tokens was distributed to over 75,000 holders of Runestone Ordinal NFTs. The immediate impact was significant, with a market capitalization reaching half a billion dollars within 24 hours. The project leverages Bitcoin's security and the capabilities of the Runes Protocol and Ordinal Inscriptions to foster community engagement and innovation within the crypto space.