What is with all these coins that are about dogs...cats?
- Rich Ackerman
- Nov 17, 2024
- 2 min read

The differences between Dogecoin (DOGE), Shiba Inu (SHIB), BONK, and Meowcoin (MEWC) are primarily based on their origins, purposes, blockchain technology, tokenomics, and utility. Here’s a comprehensive comparison:
Dogecoin (DOGE)
Launch Date: December 6, 2013
Symbol: DOGE
Purpose:
Initially created as a joke to satirize cryptocurrencies.
Evolved into a popular meme coin used for tipping, small transactions, and fun community engagement.
Blockchain:
Based on Litecoin (Proof of Work).
Runs on its own blockchain.
Tokenomics:
Unlimited supply (inflationary).
Approximately 10,000 DOGE minted per block.
Utility:
Tipping content creators, donations, and community-driven activities.
Often promoted by influencers like Elon Musk.
Shiba Inu (SHIB)
Launch Date: August 2020
Symbol: SHIB
Purpose:
Marketed as the "Dogecoin killer."
Built to showcase decentralized finance (DeFi) capabilities, including staking and swapping.
Blockchain:
Built on Ethereum (ERC-20 token).
Part of a broader ecosystem with tokens like LEASH and BONE.
Tokenomics:
Initially 1 quadrillion tokens, but over 40% were burned to reduce supply.
Deflationary with burn mechanisms.
Utility:
DeFi functionality (ShibaSwap).
Community projects like NFTs and metaverse applications.
BONK
Launch Date: Late 2022
Symbol: BONK
Purpose:
The first meme coin on Solana, created to bring fun and liquidity to the Solana ecosystem.
Designed as a community-driven alternative to centralized tokens.
Blockchain:
Native to Solana (SPL token).
Fast, low-cost transactions due to Solana’s high-speed blockchain.
Tokenomics:
Total supply: 100 trillion tokens.
Large portion airdropped to Solana NFT creators and holders.
Utility:
Tipping, marketing, and adoption within Solana-based projects.
Focus on enhancing Solana's ecosystem.
Meowcoin (MEWC)
Launch Date: September 2022
Symbol: MEWC
Purpose:
Supports animal charities and welfare organizations through mining rewards and donations.
Integrates cryptocurrency with real-world philanthropic causes.
Blockchain:
Forked from Ravencoin (Proof of Work).
Optimized for GPU mining, favoring community participation.
Tokenomics:
Total supply: 21 billion tokens.
Fixed supply ensures scarcity.
Utility:
Donations to animal welfare initiatives.
Community-focused and aligned with charitable giving.
Key Differences Table
Feature | Dogecoin (DOGE) | Shiba Inu (SHIB) | BONK | Meowcoin (MEWC) |
Launch Date | 2013 | 2020 | 2022 | 2022 |
Blockchain | Dogecoin (Own chain) | Ethereum (ERC-20) | Solana (SPL) | Ravencoin-based (PoW) |
Supply | Unlimited | Deflationary | Large but capped (100T) | Limited (21B) |
Purpose | Fun, tipping | DeFi, ecosystem expansion | Strengthen Solana, tipping | Support animal welfare |
Utility | Tipping, transactions | Staking, DeFi, NFTs | Marketing, Solana liquidity | Donations, charity funding |
Tokenomics | Inflationary | Burn mechanisms | Community airdrops | Fixed supply |
Summary
DOGE: The pioneer of meme coins, focused on fun and simplicity but lacks advanced functionality.
SHIB: Aims to rival DOGE with a comprehensive DeFi ecosystem and deflationary design.
BONK: Solana-native meme coin with community-driven initiatives and rapid transaction speeds.
MEWC: A unique, charity-focused coin with a fixed supply, combining cryptocurrency and philanthropy.
Each coin appeals to different audiences based on their goals, blockchain technology, and community focus.
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