Introducing Dogwifhat (WIF), the memecoin that took inspiration from the popular Shiba Inu dog meme and was launched on the Solana Blockchain in 2023. This unique project, created by anonymous developers, has gained significant popularity and stands out with its various initiatives. With a maximum supply of 998.9 million WIF, Dogwifhat is currently traded solely for speculative purposes and offers no special benefits. In this article, we will answer two frequently asked questions: What is Dogwifhat (WIF) and how can you buy Dogwifhat (WIF) using TRY?
What is Dogwifhat (WIF)?
Similar to successful cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), Dogwifhat is a memecoin that draws inspiration from the Shiba Inu dog meme. Launched on the Solana Blockchain in late 2023, Dogwifhat quickly gained popularity and became one of the leading memecoins. Despite its claim of being “literally just a dog with a hat,” the project has achieved significant success, thanks to its active and engaged community. For the latest financial and business news, visit COINTURK FINANCE.
The developers behind Dogwifhat have chosen to remain anonymous, adding to the mysterious nature of the project. The symbol of the cryptocurrency is a Shiba Inu puppy named Achi, wearing a pink beanie hat, reflecting the project’s quirky essence. From its launch, Dogwifhat garnered immediate interest from investors, and its value soared following listings on major exchanges. By March 2024, Dogwifhat had surpassed Pepe (PEPE) to become the third-largest memecoin in terms of market value.
The Dogwifhat community showcases its enthusiasm and activity through various initiatives. In March 2024, they successfully raised over $700,000 in USDC through crowdfunding to promote Dogwifhat at the Las Vegas Sphere in a campaign called “Sphere Wif Hat.” Additionally, an NFT featuring the original image of Achi was sold for over 1,210 ETH, highlighting the community’s dedication and support. Pink beanie hats, associated with the project, are sold in a Dogwifhat store run by community members, with the proceeds donated to a charity for street dogs.
Operating on a simple tokenomics model, Dogwifhat has a maximum supply of 998.9 million WIF coins. It functions as an SPL token on the Solana Blockchain, similar to Ethereum’s ERC-20 tokens. The cryptocurrency’s supply is not affected by mechanisms like staking or burning. Community initiatives are independently supported through crowdfunding, allowing participation without the need to own WIF coins.
Currently, WIF offers no special benefits and is solely traded for speculative purposes. Its price is highly volatile, presenting opportunities for significant gains but also carrying high risks.
How to Buy Dogwifhat (WIF) with TRY?
For investors in Turkey looking to buy Dogwifhat (WIF), Binance TR is the most suitable cryptocurrency exchange. With Binance TR, you can quickly create an account and trade over 100 cryptocurrencies, including WIF. To purchase Dogwifhat (WIF) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a simple process. Start by visiting the trbinance.com website and proceed to the “Create Account” step. In this step, you will be asked to provide basic information such as your email address, phone number, name, surname, date of birth, nationality, and T.C. identity number.
After entering all the required information accurately, you will need to complete email/SMS verification to confirm your details. Once this process is complete, you can proceed to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is an essential security measure that needs to be completed before engaging in cryptocurrency trading or during the account creation process. This verification process aims to protect both the user and the cryptocurrency exchange. You can complete the verification process either through your mobile phone or the official Binance TR website. Note that you will need your mobile phone to verify your identity through the website.
On the Binance TR website, hover over the “Profile” option at the top right, then click on “Identity Verification and Limits” from the drop-down menu. Next, click on “Verify.” After this step, you will need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on the “Copy URL” option to receive the identity verification address via SMS on your phone.
Once you enter the address on your phone or scan the QR code, a screen similar to the one below will appear. From here, tap on the “Identity” option to proceed.
Then, a screen like the one below will open. To continue the verification process, select the document type that suits you best.
After selecting the document type, tap on the “Upload Front” option to continue. Take a clear photo of the front side of the document based on the document type you selected. Then, tap on the “Upload Back” option, take a photo of the back side of the document, and upload it. Ensure that the images of your identity card or driver’s license are clear and easily readable.
Next, tap on the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
Once you have completed all these steps accurately and thoroughly, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from any bank. You can deposit TL 24/7 and conduct uninterrupted transactions using your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 using FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to the trbinance.com website, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
You will then see a page like the one below, where you can continue the deposit process by selecting your preferred bank. If your preferred bank is not integrated with Binance TR yet, click on the “Other Banks” option.
In this example, we will continue with Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST transfer to that bank. Use the information displayed on the bank’s page to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet on your Binance TR account.
How to Buy WIF Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase WIF coins with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, you will see the following page. In the search section on the right side of the page, type “WIF” and click on the WIF/TRY option from the results to access the page for purchasing WIF with TL.
Now, you will be directed to the WIF trading page shown below. In the area marked with a red box, enter the price at which you want to buy WIF in the first box and the quantity of WIF you want to purchase in the second box. After entering the required information, complete your purchase by clicking the “Buy WIF” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, officially launched its Binance TR platform in 2020 specifically for cryptocurrency investors in Turkey. Headquartered in Istanbul, this cryptocurrency exchange can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users on Binance TR have access to Binance’s core functionalities, including market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls.
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Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. It is recommended to conduct thorough research before making any investment decisions.
