PAWS, a project merging social media and blockchain, draws attention with its unique approach to the attention economy and rewards system.
The Development Path of PAWS
PAWS began as a mini-app integrated within Telegram, a widely used messaging platform. Through a 'tap-to-earn' model, users earned rewards by completing simple social tasks. By the end of 2024, the app had onboarded over 85 million users. However, policy changes within Telegram prompted PAWS to migrate to the Solana blockchain, allowing the project to enhance its capabilities.
PAWS Rewards System
The PAWS rewards system includes gamification of user engagement. Users can connect a Solana-compatible wallet and continue earning rewards for completing tasks. Users earn 10% of their referrals' rewards. Over 62.5% of the total token supply is allocated for user rewards, emphasizing the project's community-focused nature.
The Potential of PAWS Token
The native PAWS token ($PAWS) was released with a total supply capped at 100 billion tokens, with 62.5% allocated for community rewards. The initial price of the token in markets ranged between $0.0006 and $0.0007 but later fluctuated, raising doubts about its stability. Expectations for the official listing of the token have been postponed multiple times, yet community interest remains high.
PAWS continues to evolve by combining entertainment and financial growth elements. In the coming months, the project may face various challenges, but its potential as an interesting player in the cryptocurrency market is evident.
