Dogwifhat (WIF), inspired by the Shiba Inu dog meme, was launched on the Solana Blockchain in 2023 and quickly gained popularity as a memecoin. Created by anonymous developers, the project is supported by a vibrant community and stands out with various initiatives. With a maximum supply of 998.9 million WIF, Dogwifhat currently offers no special benefits and is traded for speculative purposes. In this article, you can find answers to two frequently asked questions: What is Dogwifhat (WIF) and how to buy Dogwifhat (WIF) with TRY.
What is Dogwifhat (WIF)?
Dogwifhat, similar to other successful cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), is a memecoin inspired by the Shiba Inu dog meme. Launched on the Solana Blockchain in late 2023, Dogwifhat quickly gained popularity and became one of the top memecoins. Despite its modest claim of being “literally just a dog with a hat,” the project has managed to show significant success driven by an active and engaged community.
The origins of Dogwifhat remain mysterious as its developers prefer to stay anonymous. The symbol of the cryptocurrency is a Shiba Inu puppy named Achi, wearing a pink beanie hat, reflecting the quirky nature of the project. From the moment it was launched, the cryptocurrency immediately attracted interest among investors, and its value quickly increased following listings on major exchanges. In March 2024, Dogwifhat surpassed Pepe (PEPE) to become the third-largest memecoin by market value.
The community supporting Dogwifhat demonstrates its enthusiasm and activity through various initiatives. In March 2024, they raised over $700,000 in USDC through crowdfunding to promote Dogwifhat at the Las Vegas Sphere in a campaign known as “Sphere Wif Hat.” Additionally, an NFT of Achi’s original image was sold for over 1,210 ETH, showcasing the community’s dedication and support. Pink beanie hats are sold in a Dogwifhat store opened by community members, and the proceeds are donated to a charity for street dogs.
Dogwifhat operates with a simple tokenomics model with a maximum supply of 998.9 million WIF coins. It functions as an SPL token on Solana, similar to Ethereum’s ERC-20 tokens. There are no mechanisms like staking or burning to affect the cryptocurrency’s supply. Community initiatives are independently supported through crowdfunding, allowing participation without owning WIF coins.
Currently, WIF offers no special benefits and is traded entirely for speculative purposes. Its price is highly volatile, offering various opportunities for significant gains while also carrying high risks.
How to Buy Dogwifhat (WIF) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Dogwifhat (WIF). On Binance TR, where an account can be quickly created, over 100 cryptocurrencies, including WIF, can be bought and sold. To buy Dogwifhat (WIF) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, you need to go to the trbinance.com address and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that need to be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through the official Binance TR website. Note that you will need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap on the “Identity” option to continue.
Then a screen like the one below will open. To continue the verification process, first select the document type that suits you best.
After selecting the document type, you can continue by tapping on the “Upload Front” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload Back” option and take a photo of the back side of the document and upload it. When taking photos of the front and back sides of your identity card or driver’s license, make sure the images are clear and the information in the photo is easily readable.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, 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 all banks. You can deposit TL 24/7 and make uninterrupted transactions from 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 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to the trbinance.com address, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using 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 to that bank. All you need to do now is use the information displayed on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After 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 the deposit process, you can proceed to the WIF coin purchase step with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. In the search section on the right side of this page, type “WIF” and click on the WIF/TRY option from the results to go to the WIF purchase page with TL.
Now the following WIF trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy WIF in the first box and the number of WIF you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy WIF” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR in 2020, specifically for cryptocurrency investors in Turkey. The cryptocurrency exchange, headquartered in Istanbul, 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 seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users are supported by Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
