An Overview of the $BENDOG Meme in the Solana Ecosystem

7/30/2024, 9:53:57 AM
Beginner
Meme
This article introduces the prominent meme token $BENDOG in the Solana ecosystem, highlighting its popular meme image, the story behind it and Solana's founder, ongoing content creation and community building, as well as its expansion in cross-chain influence and collaborations.

Although only half of the year has passed, Solana Meme Token has already experienced two bull markets. During these two market waves, many tokens surged rapidly but had a lifespan of less than a week or even a day, resembling shooting stars. Only a few Meme Tokens with solid meme quality, strong communities, clear development directions, and continuous efforts have been able to stage a “heroic return” and embark on a path of sustained growth.

$BENDOG is one such token. During the first wave of Solana Meme Token hype, it surged to a peak market cap of $50 million within half a month. Subsequently, it underwent adjustments due to the overall decline in market enthusiasm. However, when the second wave of Solana Meme Token hype arrived, it was not forgotten. In another half month, it skyrocketed from a market cap of $5 million to $80 million. This strong recovery attracted the attention of hundreds of crypto influencers, and even Bybit CEO @benbybit tweeted about $BENDOG on his personal Twitter.

Why has $BENDOG achieved such impressive success?

The Origin of the $BENDOG Meme

$BENDOG is not a meme created on a whim during this year’s Solana Meme Token craze. Instead, it is a meme with strong global recognition. The $BENDOG meme image comes from the globally popular mobile game “Talking Ben the Dog,” which has amassed over 100 million downloads on Google Play alone. In “Talking Ben the Dog,” players can feed, give drinks to, and converse with Ben the Dog, who sits on a couch. They can also conduct crazy experiments in the lab.

Does this remind you of “Talking Tom Cat”? That’s right! Ben the Dog and Talking Tom Cat are best partners, both developed by the game company Outfit7. Just like Talking Tom Cat, Ben the Dog has accompanied countless players around the world, one of whom is Solana’s founder, Anatoly Yakovenko. In 2017, when Anatoly Yakovenko was unsure about starting Solana and faced widespread doubt, he sought advice from a special consultant—Ben the Dog.

With a simple “Yeahppp,” Ben convinced Anatoly Yakovenko to bravely embark on his journey. Today, Solana has become an indispensable, globally phenomenal network in the crypto world, and $BENDOG has followed in Anatoly’s successful footsteps to Solana, marking a mutually fulfilling journey.

$BENDOG’s meme image carries two significant attributes. Firstly, it’s a globally famous game character. Much like Pepe, people encounter and recognize $BENDOG in various contexts, each forming their unique connection with it. For some, $BENDOG is a cute companion; for others, it’s a confidant during lonely times, a goofy troublemaker in the lab, or even a multifaceted character through fan creations. This broad appeal means $BENDOG’s meme image can attract a wide audience. As meme tokens gain more legitimacy and value, $BENDOG’s potential, especially for newcomers to crypto, is undeniable.

Secondly, $BENDOG is closely tied to Solana and is an integral part of its origin story. Would Solana exist as it does today without Ben the Dog’s “Yeahppp” motivating Anatoly Yakovenko? We’ve seen many founder’s pet meme tokens gain traction, like $HEMULE inspired by Vitalik’s cat and $BEAR based on AVAX co-founder Kevin Sekniqi’s dog. However, none are as compelling as the story of Ben the Dog and Anatoly Yakovenko, a cyber-pet relationship that even influenced the birth of Solana.

Why was $BENDOG able to make a strong comeback?

Since its launch, $BENDOG has consistently focused on content creation and community building, expanding its influence externally while fostering a loyal and active community internally. Even during market downturns, this community has remained steadfast, working with the team to support $BENDOG. Currently, $BENDOG has nearly 75,000 followers on Twitter and 50,000 members on Telegram. This organic and sustained community growth has contributed to $BENDOG’s successful “heroic return” during the second Solana Meme Token hype.

The continued efforts during market slumps have paid off as $BENDOG gained momentum when the Solana Meme Token market revived. Through ongoing content creation and proactive external relationship building, $BENDOG has established strong partnerships and garnered support from key influencers. Notable supporters include over 100 KOLs such as Eric Cryptoman, CTM, and NotEezzy. Additionally, $BENDOG has received backing from the founder of NEAR and formed collaborations with leading projects like HOT DAO, the top-ranked Near Dapp on Dappradar.

Eric Cryptoman has been supporting $BENDOG from the beginning to the present.

What is most surprising is that after $BENDOG was established and solidified its position on Solana, it has also been actively expanding its influence to other chains and has achieved significant success. NEAR co-founder Illia has personally taken notice of $BENDOG and promoted it through a tweet.

This tweet not only received a reply from NEAR’s official Twitter account, but also featured appearances from Allbridge co-founder Andriy and Here Wallet co-founder Peter Volnov, who interacted with Ben the Dog in the video. Shortly after, $BENDOG began supporting bridging to the NEAR network and launched an official collaboration with Here Wallet (HOTDAO), conducting an airdrop for $HOT holders.

Situation of the place

Currently, $BENDOG is listed on several major centralized exchanges (CEX), including Bybit (perpetual contracts), Bitget, Gate.io, Kucoin, Bitpanda, and Mexi. It is also available on influential regional exchanges such as COINDCX in India and Coins.ph in the Philippines.

At present, $BENDOG is actively working to secure a listing for perpetual contracts on Binance.

Ecosystem Planning

$BENDOG, as a meme token, has made significant waves in the crypto world but is not content with just that. They aim to enhance the token’s utility through the “Benhalla” gaming ecosystem, providing holders with a richer experience and expanding $BENDOG’s influence while differentiating itself from other meme tokens.

The “Benhalla” gaming ecosystem includes:

Hopping Ben: The first game in the ecosystem, where players aim and slide to help Ben navigate obstacles and reach the finish line. Ben will also emit cute and catchy “Yes” sounds during the game. This game is currently available on both the App Store and Google Play.

Tapping Ben: A Telegram mini app that allows the community to earn points and $BENDOG through engaging gameplay.

Social-Fi Platform: A unique social task platform where users can complete social media tasks to earn points and $BENDOG through farming.

In addition to these three apps, $BENDOG plans to collaborate with more developers in the future to create additional and more engaging Play-to-Earn games. $BENDOG holders can also choose to stake their $BENDOG to gain access to exclusive token activities, double game rewards, extra in-game items, and special leaderboard rewards within the gaming ecosystem.

Tokenomics

Total supply is 1 billion, fully circulated, with a 0% transaction tax. The initial liquidity pool (LP) has been burned.

Conclusion

Although $BENDOG has been around for less than six months since its launch, it has already achieved a single-day trading volume of up to $500 million (including both contracts and spot trading). It has been featured on one of the most influential crypto Twitter Spaces, Mario Nawfal’s Roundtable, with nearly 200,000 listeners. The project has also conducted official events with Solana, released its first mobile game in the ecosystem, and consistently produced high-quality original meme content on Twitter. This impressive market performance is a result of the team’s persistent efforts.

However, the team remains humble, stating, “Our success is due to the strong community that has been with us from day one.”

With a community-first approach and a commitment to exploring the future, $BENDOG is poised to continue evolving within the meme token space and beyond.

statement:

  1. This article is reprinted from [theblockbeats]. The copyright belongs to the original author [theblockbeats]. If you have any objections to the reprint, please contact the Gate Learn team, the team will handle it as soon as possible according to relevant procedures.

  2. Disclaimer: The views and opinions expressed in this article represent only the author’s personal views and do not constitute any investment advice.

  3. Other language versions of the article are translated by the Gate Learn team and are not mentioned in Gate.io, the translated article may not be reproduced, distributed or plagiarized.

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