This morning, our leadership sold all of their Pawdog holdings.
Why? What led to this decision?
1. We had a small project and as reality showed it was too fragile despite the fact that liquidity was good compared to our market cap.
2. Market sentiment in the past few months has been terrible. Greed and scams everywhere. In this attention economy focus shifted to worthless new memes mainly on Solana. Utility tokens with real usecase and value suffered and are still suffering.
3. We at Pawdog held on as long as we could. We hoped as long as we could. Dextools, Solana, etc. The big breakthrough didn’t come, and unfortunately, not even a small one did. We don’t blame the @framecommunity
team, the market is simply in a horrible state right now. Everything has been turned upside down as if common sense has ceased to exist. Real value cannot be seen. It’s buried under the garbage.
4. The final straw was the appearance of $OG. They launched on the Solana chain and with the help of Pawchain became a multi-chain meme token. There would have been no issue with a competitor arriving who was better than us. They chose a great combo, combining the attention and volume directed at Solana chain with the advanced technology that Pawchain represents. BUT!
They rewrote their Twitter/X name five times: karmasolcto, trumpaionsolana, cantstpmuradsol, twrterminal, solanasog. After launch, the top 10 holders controlled 32.7% of the total supply. @AI_mindset pointed this out, though it didn’t seem to bother many people.
The fact is, a completely uncertain and high risk project sucked the liquidity away from Pawdog (and other projects too). For days, our holders have been selling to jump onto the other ship. This hit us hard, and we had to take stock of what we’ve achieved since last October.
A very low market cap, partly due to the fact that we couldn’t deliver much of what was on our roadmap. Almost every plan we had continuously failed. Eg. Charity Hub (high SaaS fees at The Giving Block made it almost impossible to onboard non profits from the EU or from Africa). We can also think of the tragic fundraising (poor marketing, almost no one donated, etc) And we have to mention the giveaways and contests that showed significantly lower community activity recently.
Our wave of failure has been ongoing since Dojodog. We believed that with the opportunities provided by Pawchain we could achieve our goals. Pawchain is a great product with a great team. But they still need time to serve the needs of large crowds and diverse demands (NFT marketplace, token launchpad, easy onboarding, etc.). We truly believe that what they’ve achieved so far is absolutely unique. Atm attention and volume is elsewhere.
There are meme projects on Pawchain that are set up a different business model and can afford to wait six months or even a year. Unfortunately, that wasn’t true for us. We’ve been struggling with financial and other problems for a long time, but we tried to hold on until the very last moment.
Unfortunately, today our patience ran out, and the idea of continuing became completely irrational. Yesterday the market cap was $32K, this morning it dropped to $25K. We couldn’t stand by and watch the money in our team wallet lose value day by day, hour by hour. I don’t think this needs explaining to anyone.
There’s a point where you have to move on, where fighting becomes pointless and carries too much risk for other things: mental and physical health, IRL business, family life. It was clear that we had to let go of this at this point.
Giving up a dream and making this decision was incredibly difficult. We know that this has caused financial harm to many. We’ve disappointed a lot of people, many of you believed in this whole thing.
We owe a huge thanks to the Pawchain team, obviously they bear no responsibility for this situation. If they keep doing everything the same way they have so far, they’ll make Paw a great success.
Saying goodbye is tough, but the Pawdog story ends here, today. Thank you to those who believed in us, who supported us, who loved us. We hope that in the future, you won’t think of us with anger or hatred.
Obviously the money that was raised for donation will be sent to Dogs for Better Lives.
Keep loving and helping dogs!
With love 💛
Pawdog
This morning, our leadership sold all of their Pawdog holdings.
Why? What led to this decision?
1. We had a small project and as reality showed it was too fragile despite the fact that liquidity was good compared to our market cap.
2. Market sentiment in the past few months has been terrible. Greed and scams everywhere. In this attention economy focus shifted to worthless new memes mainly on Solana. Utility tokens with real usecase and value suffered and are still suffering.
3. We at Pawdog held on as long as we could. We hoped as long as we could. Dextools, Solana, etc. The big breakthrough didn’t come, and unfortunately, not even a small one did. We don’t blame the @framecommunity
team, the market is simply in a horrible state right now. Everything has been turned upside down as if common sense has ceased to exist. Real value cannot be seen. It’s buried under the garbage.
4. The final straw was the appearance of $OG. They launched on the Solana chain and with the help of Pawchain became a multi-chain meme token. There would have been no issue with a competitor arriving who was better than us. They chose a great combo, combining the attention and volume directed at Solana chain with the advanced technology that Pawchain represents. BUT!
They rewrote their Twitter/X name five times: karmasolcto, trumpaionsolana, cantstpmuradsol, twrterminal, solanasog. After launch, the top 10 holders controlled 32.7% of the total supply. @AI_mindset pointed this out, though it didn’t seem to bother many people.
The fact is, a completely uncertain and high risk project sucked the liquidity away from Pawdog (and other projects too). For days, our holders have been selling to jump onto the other ship. This hit us hard, and we had to take stock of what we’ve achieved since last October.
A very low market cap, partly due to the fact that we couldn’t deliver much of what was on our roadmap. Almost every plan we had continuously failed. Eg. Charity Hub (high SaaS fees at The Giving Block made it almost impossible to onboard non profits from the EU or from Africa). We can also think of the tragic fundraising (poor marketing, almost no one donated, etc) And we have to mention the giveaways and contests that showed significantly lower community activity recently.
Our wave of failure has been ongoing since Dojodog. We believed that with the opportunities provided by Pawchain we could achieve our goals. Pawchain is a great product with a great team. But they still need time to serve the needs of large crowds and diverse demands (NFT marketplace, token launchpad, easy onboarding, etc.). We truly believe that what they’ve achieved so far is absolutely unique. Atm attention and volume is elsewhere.
There are meme projects on Pawchain that are set up a different business model and can afford to wait six months or even a year. Unfortunately, that wasn’t true for us. We’ve been struggling with financial and other problems for a long time, but we tried to hold on until the very last moment.
Unfortunately, today our patience ran out, and the idea of continuing became completely irrational. Yesterday the market cap was $32K, this morning it dropped to $25K. We couldn’t stand by and watch the money in our team wallet lose value day by day, hour by hour. I don’t think this needs explaining to anyone.
There’s a point where you have to move on, where fighting becomes pointless and carries too much risk for other things: mental and physical health, IRL business, family life. It was clear that we had to let go of this at this point.
Giving up a dream and making this decision was incredibly difficult. We know that this has caused financial harm to many. We’ve disappointed a lot of people, many of you believed in this whole thing.
We owe a huge thanks to the Pawchain team, obviously they bear no responsibility for this situation. If they keep doing everything the same way they have so far, they’ll make Paw a great success.
Saying goodbye is tough, but the Pawdog story ends here, today. Thank you to those who believed in us, who supported us, who loved us. We hope that in the future, you won’t think of us with anger or hatred.
Obviously the money that was raised for donation will be sent to Dogs for Better Lives.
Keep loving and helping dogs!
With love 💛
Pawdog
We like to have fun.
We like mini games in our TG where we usually organize contests and reward the best ones.
In this case Vishal and Vaxalica won 10-10$ worth of Pawdog.
Every little matters! Beat the others and win!
P.S: regarding to the "Bridge out Party" we ask for your patience cause there is some technical problem with bridging out Pawdog to Fantom chain. There was a Fantom-Sonic transformation so probably that caused some trouble.
11th transaction: We have bridged out some $PAWDOG tokens to SOLANA.
EVM and SVM combined on @framecommunity
Yes, its possible.
Drop the correct number in comments!
One more chain left!!!!
We have just bridged out some $PAWDOG tokens to CELO network.
This is our 10th chain.
2 more and one person will win at least 120-130$ bucks.
For now the question is: How many tokens to Celo?
Image: @Arnavazsweet
Thanks to this awesome tech we bridged out some $PAWDOG to Cronos chain.
This is the 9th chain. 3 more to come.
This tech is unique and revolutionary.
We are early believers. Don't be a late investor.
Just have bridged out some $PAWDOG tokens to AVAX chain.
Be careful with the amount 😉
The wallet has already received Pawdog tokens from 8 chains. Crazy right?
The average bridge out waiting time on other chains is 1 week. Here at Pawchain it is only 12 hours.
This speaks for itself. 👑⛓️
Was an awesome space, thanks for the hosts especially for @SoaringB_Rad
Our part was at: 1:01:04-1:07 thanks for @PawdogAlt who represented us!
You have to listen to the whole space, many good projects many amazing ppl with positive energy.
What a great community Pawchain has! Sending much love to all of you!
GM beautiful people!
In the last 2 weeks we achieved close to 20k impressions. Our X profile is getting more and more attention.
Thanks to everyone following us and contributing to our success!
Invest $500 in Pawdog.
Why?
1. You don't have to check the chart hourly, daily. We have holders with conviction. After 3 months many first buyers still holding. There is no - 50-80% loss in one day.
2. Liquidity locked for 1 year. No one can touch the liquidity. You will be able to trade it anytime you want.
3. Believers not traders. Our investors are mainly believers. They trust us, they don't want to jump in and out constantly. They know that we have a clear vision: as a DOG be loyal to our mother chain and help them grow. Every successful chain had a mooner and we aim to be that one. Besides Pawchain's companion we want to build a great community and help dogs worldwide.
4. We continuously helping dogs. Donated more than 15k in total to @dogsbetterlives . We dont stop here. Fundraising still ongoing.
5. Magna is our official ambassador at @dogsbetterlives We aim to support more service dogs like her in the future.
6. We organize creative contests, giveaways, etc. You won't be bored here and there will be possibility to have fun and win always.
7. Live on 12 chains with one liquidity pool. It speaks for itself. Technical revolution behind.
8. The first Dog themed memecoin on Pawchain. You might think it doesnt matter much when there is only a few good projects on Pawchain. It will matter in a year. Quality first movers are always way more attractive then the upcoming ones.
9. Values: honest, reliable, protective, funny, kind, helpful, educative, ambitious, committed, determined. OK enough haha
10. Growing with the chain behind. Imagine investing in a great memecoin when Ethereum chain was a baby. Our liquidity tokens are paired with Paw. Best case is when $PAWDOG and $PAW grows together. Huge upside potential! - Paw(chain) mcap 16m, Pawdog mcap 50k
11. Don't buy tokens with empty promises. Buy value and plan long term. Buy the trustworthy ppl behind, not the hype.
12. I dont like eleven points.
Have a great day friends!