Introducing Dogwifhat (WIF), a memecoin inspired by the popular Shiba Inu dog meme, which was launched on the Solana Blockchain in 2023. This unique project, created by anonymous developers, has quickly gained popularity in the crypto community. In this article, we will explore what Dogwifhat is and how to buy it using TRY.
What is Dogwifhat (WIF)?
Dogwifhat, like other successful cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB), draws inspiration from the Shiba Inu dog meme. Since its launch on the Solana Blockchain in late 2023, Dogwifhat has become one of the leading memecoins. Despite its simple claim of being “literally just a dog with a hat,” the project has achieved significant success thanks to its active and engaged community. Stay up to date with the latest financial and business news on COINTURK FINANCE.
The origins of Dogwifhat remain a mystery, as the developers have chosen to remain anonymous. The cryptocurrency’s symbol is a Shiba Inu puppy named Achi, sporting a pink beanie hat that perfectly captures the project’s quirky nature. Since its launch, Dogwifhat has captured the attention of investors, resulting in a rapid increase in value after listing on major exchanges. In March 2024, Dogwifhat surpassed Pepe (PEPE) to become the third-largest memecoin by 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 for a campaign called “Sphere Wif Hat” to promote Dogwifhat at the Las Vegas Sphere. Additionally, an NFT featuring Achi’s original image was sold for over 1,210 ETH, demonstrating the community’s dedication and support. The community members even opened a Dogwifhat store where they sell pink beanie hats, with the proceeds going to a charity for street dogs.
Dogwifhat operates on a simple tokenomics model, with 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 does not offer any special benefits and is solely traded for speculative purposes. Its price is highly volatile, presenting both significant opportunities for gains and 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. Binance TR offers a wide range of cryptocurrencies, including WIF, and allows for easy account creation. To buy 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 straightforward process. Simply visit the trbinance.com website and proceed to the “Create Account” step. You will be asked to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number.
After providing 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 important security measure that needs to be completed before engaging in cryptocurrency trading and during the account creation process. You can complete the verification process either through your phone or the official Binance TR website. Please note that you will need your mobile phone for identity verification on the website.
On the Binance TR website, hover over the “Profile” option at the top right corner, click on “Identity Verification and Limits” from the drop-down menu, and then select “Verify.” You will then 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 choose 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 will appear prompting you to select the “Identity” option to proceed.
Next, you will see a screen where you can choose the document type that best suits you to continue the verification process.
After selecting the document type, tap on the “Upload Front” option to take a clear photo of the front side of your chosen document. Then, tap on the “Upload Back” option to take a photo of the back side of the document. Make sure that the information in the photo is easily readable.
Finally, tap on the “Selfie” option to scan your face using your phone’s front camera. Ensure that your face fills the camera area as much as possible.
Once you have completed all the steps accurately and thoroughly, your identity verification process will be finalized 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 make uninterrupted transactions from banks such as Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. 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, visit the trbinance.com website and hover over the “Wallet” option at the top left of the homepage. From the drop-down menu, click on the “Deposit” option.
You will then be directed to a page where you can select your preferred bank. If your bank is not integrated with Binance TR, choose the “Other Banks” option.
In this example, we will use Vakıfbank, but the process is the same for all other banks. When you select Vakıfbank, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST payment. Use the provided information to transfer the desired amount from your bank account to your Binance TR account.
Once your bank completes the transfer process, the funds you sent will automatically appear in your Binance TR account wallet.
How to Buy WIF Coin with TL on Binance TR?
After completing the deposit process, you can proceed to buy WIF coins using TL. Click on the “Buy-Sell” option in the top left menu on the Binance TR website.
On the following page, use the search bar on the right-hand side to type “WIF” and click on the WIF/TRY option from the results. This will take you to the WIF purchase page with TL.
The WIF trading page will display the current market information. In the red box, enter the price at which you want to buy WIF in the first box and the quantity of WIF you wish to purchase in the second box. After entering the desired amount, click the “Buy WIF” button to complete your purchase.
What is Binance TR?
Binance TR is the official cryptocurrency exchange platform specifically designed for Turkish investors. Launched in 2020, Binance TR leverages the technology, security measures, and liquidity provided by Binance to offer both fiat-to-crypto and crypto-to-crypto trading services. Headquartered in Istanbul and accessible at trbinance.com, Binance TR allows users in Turkey to deposit and withdraw Turkish lira (TRY) directly through their bank accounts. Users can trade various cryptocurrencies with TRY pairs on Binance TR.
Binance TR provides users with access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls. This ensures a secure and efficient trading experience for users.
Please note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research before making any investment decisions.
