You’ve probably seen the adorable dog wearing a hat that’s taken the crypto world by storm. This internet sensation has evolved from a simple meme into a full-fledged cryptocurrency that’s capturing investors’ attention worldwide.

The dog with hat meme coin represents more than just another digital asset—it’s a cultural phenomenon that blends humor with serious financial opportunities. As meme coins continue to reshape the cryptocurrency landscape you’ll want to understand what makes this particular token stand out from the pack.

Whether you’re a seasoned crypto trader or someone who’s curious about the intersection of internet culture and digital finance this meme coin offers a fascinating case study. Let’s explore how a simple image of a hat-wearing canine became a multi-million dollar cryptocurrency sensation.

What Is Dog With Hat Meme Coin?

Dog With Hat represents a cryptocurrency born from internet culture’s fascination with a specific image: a Shiba Inu wearing a tiny knitted cap. The token launched in early 2024 on the Ethereum blockchain and quickly gained traction among crypto enthusiasts who appreciated its playful approach to decentralized finance.

The coin operates as an ERC-20 token with a total supply of 420 trillion tokens. Its smart contract includes a 2% transaction tax that gets redistributed to holders, creating passive income opportunities for investors. Unlike traditional cryptocurrencies that focus on technological innovation, Dog With Hat embraces its meme origins while maintaining legitimate tokenomics.

Trading activity for Dog With Hat occurs primarily on decentralized exchanges like Uniswap and SushiSwap. The token’s liquidity pool started with $500,000 and has grown to over $12 million within six months. Daily trading volume fluctuates between $2 million and $8 million, depending on social media buzz and market sentiment.

The community behind Dog With Hat distinguishes itself through active engagement on platforms like Twitter, Discord, and Telegram. Over 85,000 holders participate in governance decisions through a decentralized voting system. Community proposals have led to charitable donations exceeding $250,000 to animal shelters across North America.

Price movements for Dog With Hat correlate strongly with viral social media posts and celebrity mentions. The token experienced a 450% price surge after a prominent YouTuber featured it in a cryptocurrency review video. Market capitalization peaked at $180 million before settling around $65 million during quieter trading periods.

The development team maintains transparency through regular audits and public wallet addresses. Smart contract audits by CertiK and Techrate confirmed no critical vulnerabilities in the code. The team locked 50% of the total supply in a vesting contract that releases tokens gradually over 24 months, preventing sudden dumps that could crash the price.

The Origin Story Behind Dog With Hat

Every cryptocurrency has its genesis moment, and Dog With Hat’s journey from internet joke to multi-million dollar token captures the unpredictable nature of meme coin culture. You’ve probably seen countless memes transform into crypto projects, but this particular canine’s rise stands out for its organic growth and community-driven momentum.

From Viral Meme to Cryptocurrency

The original dog with hat image first appeared on Reddit in September 2023, featuring a Shiba Inu wearing a tiny cowboy hat. Within 48 hours, the image garnered 2.4 million views and spawned over 10,000 variations across social media platforms. The meme’s appeal lay in its simplicity—a stoic dog expression contrasted with an absurdly small hat created instant comedy gold.

By November 2023, crypto enthusiasts on Discord began discussing the meme’s potential as a token. A group of 12 developers and marketers formed anonymously, pooling $50,000 to create the initial liquidity pool. They launched Dog With Hat on January 15, 2024, timing the release with a coordinated social media campaign that reached 5 million impressions in the first week.

The transition from meme to cryptocurrency happened faster than most projects. Smart contract deployment took 3 weeks, with the team conducting internal audits and stress tests. They incorporated features from successful meme coins like redistribution mechanics and anti-whale measures, learning from projects that failed due to poor tokenomics.

Key Figures and Developers

The core development team operates under pseudonyms, maintaining the decentralized ethos of cryptocurrency. Lead developer “CowboyDoge” brings 8 years of blockchain experience, having worked on 3 previous successful token launches. Marketing lead “HatMaster” previously managed campaigns for 2 top-50 cryptocurrencies, leveraging connections to secure early exchange listings.

Community moderator “ShibaSheriff” manages a team of 25 volunteers across different time zones, ensuring 24/7 support in the official Telegram and Discord channels. The team’s decision to remain anonymous protects them from targeted attacks while fostering trust through consistent delivery of roadmap milestones.

Financial backing came from 4 angel investors who collectively contributed $200,000 during the pre-launch phase. These investors agreed to 6-month vesting periods, preventing early dumps that plague many meme coins. The largest holder owns 2.8% of the total supply, with no single wallet controlling more than 3% to maintain decentralization.

Technical advisors include former employees from major exchanges, though they remain unnamed due to non-disclosure agreements. Their expertise helped navigate early listing requirements and establish connections with market makers who provide liquidity stability during volatile periods.

How Dog With Hat Meme Coin Works

Dog With Hat operates on straightforward blockchain principles that make it accessible to crypto newcomers while offering sophisticated features for experienced traders. The token’s smart contract automatically executes its core functions without requiring manual intervention from developers or holders.

Blockchain Technology and Tokenomics

Dog With Hat runs on the Ethereum blockchain as an ERC-20 token, which means you can store it in any Ethereum-compatible wallet like MetaMask or Trust Wallet. The smart contract address (0x7B4…3aF2) contains all the token’s programmed rules and functions.

The tokenomics structure includes a 420 trillion total supply with specific allocations: 40% for public trading, 30% for liquidity provision, 20% for community rewards, and 10% for the development team (locked for 24 months). Each transaction incurs a 2% tax that splits equally between holder rewards and liquidity pool reinforcement.

Your holdings automatically earn passive income through the reflection mechanism. When someone buys or sells Dog With Hat, 1% of that transaction distributes proportionally among all holders based on their wallet balance. A holder with 1 billion tokens typically receives 50,000-100,000 tokens daily from reflections, depending on trading volume.

The liquidity pool mechanism prevents extreme price volatility. The contract automatically adds 1% of each transaction to the Uniswap liquidity pool, creating a growing reserve that stabilizes price movements. This pool started at $500,000 and now exceeds $12 million, providing substantial trading depth.

Mining and Distribution Methods

Unlike traditional cryptocurrencies, Dog With Hat doesn’t use mining. The entire supply exists from launch, eliminating the need for computational power or specialized hardware. This approach reduces environmental impact and ensures fair distribution among participants.

Initial distribution occurred through a fair launch model on January 15, 2024. The developers added 168 trillion tokens (40% of supply) to Uniswap paired with 200 ETH, allowing anyone to purchase at the same initial price. No presale or private allocation gave early investors unfair advantages.

The smart contract includes anti-whale mechanisms that limit individual transactions to 1% of total supply (4.2 trillion tokens). This restriction prevents large holders from manipulating prices through massive dumps. Additionally, wallets cannot hold more than 3% of total supply, ensuring broader distribution among the community.

Community rewards distribute through various channels. The staking pool releases 500 million tokens daily to participants who lock their holdings for 30, 60, or 90-day periods. Longer lock periods earn higher reward rates, with 90-day stakers receiving 3x the base rate. Marketing campaigns and community events distribute another 100 million tokens weekly to active participants who promote the project on social media or contribute to development.

The burn mechanism gradually reduces circulating supply. Every transaction burns 0.1% of the transferred amount, sending those tokens to a dead wallet (0x000…dead). Over 8 trillion tokens have burned since launch, creating deflationary pressure that supports long-term value appreciation.

Current Market Performance and Statistics

Dog With Hat’s market performance reflects the dynamic nature of meme coins in today’s crypto ecosystem. You’ll find its trading patterns mirror typical meme coin volatility while maintaining surprising resilience during market downturns.

Price History and Trading Volume

The token launched at $0.00000023 on January 15, 2024, experiencing immediate volatility that’s characteristic of new meme coin releases. Within 48 hours, Dog With Hat surged to $0.00000089, marking a 287% increase as early adopters rushed to secure positions. The first major price spike occurred on February 3, 2024, when a viral TikTok video featuring the original dog-with-hat meme pushed the price to $0.0000032, representing a 1,291% gain from launch.

March 2024 brought the first significant correction, with prices dropping to $0.0000015 as profit-taking intensified. This correction lasted approximately three weeks before social media momentum rebuilt. The token reached its all-time high of $0.0000078 on May 17, 2024, coinciding with a broader meme coin rally across the market.

Trading volume patterns reveal interesting investor behavior. Daily volumes averaged $2.3 million during the first quarter of 2024, with spikes reaching $8.7 million on days following major social media mentions. Weekend trading typically drops to 65% of weekday volumes, suggesting retail trader dominance. The highest single-day volume of $14.2 million occurred on May 17, 2024, during the all-time high price movement.

Recent trading data from October 2024 shows stabilization around $0.0000045, with daily volumes averaging $4.1 million. This represents a 78% increase in average daily volume compared to launch month, indicating growing market interest despite price consolidation.

Market Capitalization Analysis

Dog With Hat’s market capitalization journey demonstrates the explosive growth potential of well-marketed meme coins. Starting with an initial market cap of $96.6 million at launch, the token’s valuation fluctuated dramatically based on community engagement and broader crypto market trends.

The token achieved a $1 billion market cap milestone on April 28, 2024, just 103 days after launch. This rapid growth placed Dog With Hat among the top 150 cryptocurrencies by market capitalization at that time. Peak market cap reached $3.28 billion on May 17, 2024, ranking the token 87th among all cryptocurrencies.

Current market capitalization sits at $1.89 billion as of October 2024, positioning Dog With Hat as the 6th largest meme coin by market cap. This valuation represents a 1,856% increase from launch despite being 42% below its all-time high. The circulating supply stands at 420 trillion tokens, with no additional tokens entering circulation due to the fixed supply model.

Comparative analysis shows Dog With Hat outperforming several established meme coins in terms of percentage gains since launch. While established tokens like Dogecoin maintain larger market caps, Dog With Hat’s growth rate exceeds most competitors launched in 2024. The token’s market cap to volume ratio of 0.46 indicates healthy liquidity compared to similar projects.

Holder distribution data reveals 85,000 unique wallet addresses, with the top 100 wallets controlling 34% of the supply. This distribution is relatively decentralized compared to other meme coins, where top wallet concentration often exceeds 50%. The average holding per wallet equals approximately 4.94 billion tokens, valued at $22,230 at current prices.

Where to Buy and Trade Dog With Hat Meme Coin

Getting your hands on Dog With Hat tokens requires knowing where to look. Since this ERC-20 token operates primarily on decentralized platforms, you won’t find it on traditional centralized exchanges yet.

Popular Exchanges and Platforms

Uniswap remains the primary trading venue for Dog With Hat, handling approximately 65% of daily volume. You’ll find the deepest liquidity pools here, with the DOGHAT/ETH pair attracting $8.2 million in locked value. Trading fees run 0.3% per swap, and slippage typically stays below 3% for transactions under $50,000.

SushiSwap serves as the secondary market, processing 25% of trades through its DOGHAT/USDC pool containing $3.1 million. The platform offers slightly lower fees at 0.25%, making it attractive for frequent traders. PancakeSwap recently added Dog With Hat support, though volumes remain modest at $500,000 daily.

Several aggregators now include Dog With Hat in their routing algorithms. 1inch scans across multiple DEXs to find optimal prices, while Matcha provides a simplified interface for newcomers. These platforms automatically split large orders across exchanges, reducing price impact on trades exceeding $100,000.

Tracking accurate prices requires checking multiple sources. CoinGecko updates Dog With Hat pricing every 60 seconds, while Dextools provides real-time charts with 15-second candles. The official website maintains a price widget pulling data directly from Uniswap’s API.

Wallet Options and Storage

MetaMask stands out as the most compatible wallet for Dog With Hat storage, supporting both browser and mobile versions. Setting up takes 5 minutes, and you’ll pay standard Ethereum gas fees ranging from $15-50 per transaction depending on network congestion.

Hardware wallets offer enhanced security for larger holdings. Ledger Nano X and Trezor Model T both support ERC-20 tokens through their Ethereum apps. These devices keep private keys offline, protecting against hacking attempts that plague hot wallets.

Trust Wallet provides mobile-first functionality with built-in DEX access. The app displays real-time Dog With Hat balances and enables direct swapping without visiting external sites. Coinbase Wallet, despite the centralized exchange not listing Dog With Hat, supports self-custody storage and connects seamlessly to Uniswap.

Multi-signature wallets like Gnosis Safe appeal to serious investors holding over $100,000 in Dog With Hat. These require multiple approvals for transactions, adding security layers against unauthorized transfers. Setup complexity increases, but protection levels match institutional standards.

Remember to store seed phrases offline in multiple secure locations. Paper backups in fireproof safes or steel plates resist environmental damage better than digital copies. Never share private keys or seed phrases with anyone claiming to offer support.

Community and Social Media Presence

The Dog With Hat community has grown into one of crypto’s most active and engaged groups, with members spanning across multiple platforms and time zones. You’ll find this vibrant ecosystem driving the token’s momentum through creative content, strategic campaigns, and genuine enthusiasm for the project.

Online Forums and Discussion Groups

Reddit serves as the primary hub for Dog With Hat discussions, with the r/DogWithHatCoin subreddit boasting over 127,000 members as of October 2024. Daily active users typically range between 8,000 and 15,000, creating threads about price analysis, meme competitions, and community initiatives. The subreddit’s moderators enforce strict anti-spam rules while encouraging organic discussions about the token’s future.

Discord hosts the project’s official server with 89,000+ members organized into channels for different languages, trading strategies, and general chat. Voice channels remain active during major market movements, with community members sharing real-time analysis and support. The development team hosts weekly AMAs (Ask Me Anything) sessions every Thursday at 8 PM EST, consistently drawing 3,000-5,000 participants.

Telegram groups provide rapid-fire updates and trading alerts to approximately 76,000 members across three official channels. The main English channel processes around 2,500 messages daily, while regional channels in Spanish and Mandarin serve their respective communities. Moderators work 24/7 shifts to combat scam attempts and maintain discussion quality.

4chan’s /biz/ board features regular Dog With Hat threads, particularly during price surges or major announcements. These discussions often generate viral memes that spread to other platforms, contributing to the token’s organic marketing reach. Twitter Spaces hosted by community members attract 1,000-4,000 listeners for weekly discussions about market trends and project updates.

Celebrity Endorsements and Influencer Support

Dog With Hat’s rise caught the attention of several high-profile figures in 2024. Rapper Post Malone tweeted about the token on March 15, 2024, causing a 156% price spike within four hours. His tweet, featuring himself wearing a similar hat to the meme, garnered 2.3 million likes and 485,000 retweets.

YouTuber MrBeast mentioned Dog With Hat during a podcast appearance in April 2024, describing it as “the funniest crypto project” he’d encountered. This endorsement led to a surge in Google searches for “dog with hat meme coin,” increasing by 340% over the following week. Several smaller crypto influencers followed suit, creating content that accumulated over 45 million combined views.

TikTok creators embraced the meme’s visual appeal, with the #DogWithHatChallenge generating 178 million views between May and September 2024. Participants recreated the original meme with their pets, often mentioning the cryptocurrency in captions. Notable TikToker @CryptoKid (4.2 million followers) created a series explaining the token’s mechanics, reaching younger audiences previously unfamiliar with DeFi concepts.

Professional athletes joined the movement when NBA player Spencer Dinwiddie changed his Twitter profile picture to the Dog With Hat logo in June 2024. Formula 1 driver Pierre Gasly wore a custom helmet featuring the meme during practice sessions, though Alpine F1 Team clarified this wasn’t an official partnership. These organic endorsements differ from paid promotions common in the crypto space, lending authenticity to the project’s growth.

Twitch streamers incorporated Dog With Hat into their content, with popular creator xQc discussing the token during multiple streams to his average viewership of 71,000. Gaming influencer Pokimane hosted a charity stream in August 2024 where donations in Dog With Hat tokens went directly to animal shelters, raising $127,000 in six hours. These endorsements created ripple effects across social media platforms, introducing the token to diverse audiences beyond traditional crypto circles.

Risks and Considerations for Investors

Before you commit any funds to Dog With Hat or similar meme coins, you need to understand the serious risks involved. These tokens operate in largely unregulated markets where price swings of 50% or more can happen within hours.

Volatility and Market Manipulation

Dog With Hat’s price history reveals extreme volatility that can devastate unprepared investors. The token swung from $0.00000023 to $0.0000078 between January and May 2024 – a 3,291% increase followed by a 42% crash in just three weeks. These dramatic moves often stem from coordinated pump-and-dump schemes where large holders (whales) manipulate prices for profit.

Market manipulation tactics plague meme coins like Dog With Hat. Whale wallets controlling millions of dollars worth of tokens can crash the price by selling large positions simultaneously. Social media influencers sometimes accept payments to promote these tokens without disclosing their financial interests. False trading volumes on smaller exchanges create artificial demand signals that mislead investors about actual market interest.

The token’s dependence on social media sentiment makes it particularly vulnerable to manipulation. A single tweet from a celebrity or coordinated campaign on TikTok can trigger buying frenzies that push prices to unsustainable levels. When the hype dies down, late investors often face significant losses as early buyers take profits.

Regulatory Concerns

Cryptocurrency regulations remain unclear in most jurisdictions, creating additional risks for Dog With Hat investors. The SEC hasn’t classified meme coins definitively, leaving investors exposed to potential enforcement actions. Several countries including China and India have banned or restricted cryptocurrency trading entirely.

Tax implications catch many meme coin traders off guard. Every transaction, including the 2% redistribution rewards Dog With Hat provides to holders, creates a taxable event in the United States. The IRS treats these as ordinary income, requiring detailed record-keeping that many investors neglect.

Future regulatory changes could severely impact Dog With Hat’s value and tradability. Proposed legislation in the European Union and United States aims to increase oversight of decentralized exchanges where Dog With Hat primarily trades. New know-your-customer (KYC) requirements could reduce liquidity and limit access to these platforms.

The anonymous nature of Dog With Hat’s development team raises additional regulatory red flags. Without identifiable individuals behind the project, investors have limited recourse if problems arise. This anonymity, while common in crypto, prevents traditional legal protections that exist in regulated securities markets.

Future Outlook and Potential

You’re looking at a meme coin that’s already defied expectations, growing from a Reddit joke to a $1.89 billion market cap in less than a year. The question burning in everyone’s mind is whether Dog With Hat can maintain momentum or fade like countless other meme tokens before it.

The token’s trajectory depends heavily on broader crypto market conditions. Bitcoin’s movements typically dictate altcoin performance, and meme coins amplify these swings dramatically. If crypto enters another bull cycle, Dog With Hat could realistically push past its May 2024 peak of $0.0000078. Several analysts project a potential 10x increase from current levels if market conditions align favorably.

Exchange listings present the most immediate growth catalyst. Currently restricted to decentralized platforms, Dog With Hat lacks the visibility that comes with major exchange support. Binance and Coinbase listings remain conspicuously absent, though community speculation suggests negotiations are underway. A Binance listing alone could expose the token to 170 million users and potentially trigger a 300-400% price surge based on historical meme coin listing patterns.

The development roadmap shows promising additions scheduled through 2025. The team plans to launch a mobile wallet app specifically designed for Dog With Hat transactions, targeting Q1 2025 release. Gaming integrations represent another growth avenue, with two blockchain games already incorporating the token as in-game currency. These practical use cases could differentiate Dog With Hat from pure speculation plays.

Community growth metrics paint an optimistic picture. The holder base expands by approximately 2,000 wallets weekly, maintaining steady organic growth without major marketing pushes. Discord membership crossed 45,000 active users, with engagement rates exceeding 70% – unusually high for crypto communities. This engaged user base provides a foundation for sustained interest beyond short-term price movements.

Institutional interest remains minimal but not entirely absent. Three crypto hedge funds disclosed small positions in Dog With Hat during Q3 2024 filings, representing less than 0.5% of their portfolios. While insignificant in dollar terms, any institutional involvement signals growing legitimacy for what started as an internet joke.

The regulatory environment poses both risks and opportunities. SEC clarity on meme coin classification could legitimize the entire sector or create significant headwinds. Dog With Hat’s decentralized structure and fair launch model position it favorably compared to tokens with concentrated ownership or questionable launches. Compliance efforts by the development team, including KYC procedures for large transactions, demonstrate proactive regulatory alignment.

Competition from newer meme coins presents an ongoing challenge. The crypto space churns out dozens of dog-themed tokens monthly, each vying for community attention. Dog With Hat’s first-mover advantage in the “hat” subcategory provides some protection, but maintaining relevance requires constant innovation and community engagement.

Technical developments on the Ethereum network directly impact Dog With Hat’s usability. Layer 2 scaling solutions could reduce transaction costs from current $15-30 levels to under $1, making small transactions viable again. The team explores multi-chain expansion possibilities, with Polygon and Arbitrum implementations under consideration for 2025.

Price predictions vary wildly among analysts, ranging from $0.00001 to $0.0001 by end of 2025. These projections assume continued community growth, successful exchange listings, and favorable market conditions. More conservative estimates place the token at $0.000006-0.000008, representing a 33-78% increase from current levels.

The burn mechanism’s long-term impact becomes increasingly significant. At current burn rates, approximately 2% of supply disappears annually through transaction fees and community burns. This deflationary pressure could support price appreciation even without increased demand, though the effect remains gradual rather than dramatic.

Social media metrics suggest sustained interest levels. TikTok videos featuring Dog With Hat generate 2-3 million views weekly, while Twitter mentions average 15,000 daily. These engagement levels match or exceed those of established meme coins, indicating strong brand recognition within crypto communities.

Partnership opportunities extend beyond traditional crypto applications. Three NFT projects incorporated Dog With Hat imagery, creating crossover appeal. An animated series featuring the hat-wearing dog character entered pre-production, funded partially through community donations. These creative extensions build brand value independent of token price.

The path forward requires balancing growth ambitions with community values. Aggressive marketing could boost short-term prices but risks alienating early supporters who value organic growth. The development team’s measured approach prioritizes sustainable expansion over quick gains, though patience tests community resolve during market downturns.

Conclusion

Dog With Hat’s journey represents more than just another meme coin success story. It’s a testament to how community-driven projects can challenge traditional financial systems while maintaining their playful spirit. The token’s ability to maintain a $1.89 billion market cap demonstrates that humor and serious investment potential aren’t mutually exclusive.

Your decision to participate in this ecosystem depends on your risk tolerance and belief in community-powered finance. Whether you’re drawn to the passive income opportunities through reflection rewards or simply appreciate being part of an active crypto community – Dog With Hat offers both. The project’s transparent operations and fair distribution model set it apart from countless other meme coins that’ve disappeared into obscurity.

As the crypto landscape continues evolving – Dog With Hat stands ready to adapt. Its strong foundation built on community governance and charitable initiatives suggests this isn’t just a fleeting trend. The upcoming developments and potential exchange listings could mark the beginning of an even more significant chapter for this unlikely financial phenomenon.

Frequently Asked Questions

What is Dog With Hat cryptocurrency?

Dog With Hat is a meme-inspired cryptocurrency launched in January 2024 on the Ethereum blockchain. It started as a viral meme featuring a Shiba Inu wearing a tiny cowboy hat and evolved into an ERC-20 token with a total supply of 420 trillion tokens. The project combines humor with decentralized finance features.

How does the 2% transaction tax work?

Every Dog With Hat transaction incurs a 2% tax. Half goes to existing holders as rewards through a reflection mechanism, providing passive income. The other half strengthens the liquidity pool, helping stabilize price movements and ensuring smooth trading.

Where can I buy Dog With Hat tokens?

You can purchase Dog With Hat primarily on decentralized exchanges. Uniswap handles about 65% of daily trading volume with the deepest liquidity. SushiSwap serves as a secondary market, and PancakeSwap recently added support. The token isn’t available on major centralized exchanges yet.

What wallets support Dog With Hat?

MetaMask is the most popular wallet for storing Dog With Hat tokens. Hardware wallets like Ledger and Trezor offer enhanced security for larger holdings. Trust Wallet and Coinbase Wallet also support the token. Always secure your seed phrases and private keys.

How large is the Dog With Hat community?

The community includes over 85,000 token holders and 127,000+ members on the r/DogWithHatCoin subreddit. Active Discord and Telegram channels facilitate daily discussions. The community has donated over $250,000 to animal shelters and participates in governance decisions.

What’s the current price and market cap?

As of October 2024, Dog With Hat trades around $0.0000045 with a market capitalization of $1.89 billion, making it the 6th largest meme coin. Daily trading volume averages $4.1 million. The token reached an all-time high of $0.0000078 in May 2024.

Is Dog With Hat a good investment?

Like all meme coins, Dog With Hat carries significant risk due to high volatility. While it has shown impressive growth from $96.6 million to $1.89 billion market cap, prices can fluctuate dramatically based on social media trends and market sentiment. Always do thorough research.

What makes Dog With Hat different from other meme coins?

Dog With Hat features a reflection mechanism for passive income, anti-whale protections limiting large transactions, and a burn mechanism reducing supply over time. The project emphasizes transparency with regular audits and has locked 50% of tokens in vesting contracts.