BELIZE CITY, Belize, March 27, 2025 (GLOBE NEWSWIRE) — Lost Dogs, an innovative project in the Web3 community, is unveiling a new feature for NFTs based on the TON blockchain. This feature allows for the attachment and locking of tokens to NFTs. Once these tokens are secured, a randomized vesting schedule begins, enabling holders to access their tokens following the conclusion of their individual unlocking periods. This approach aims to enhance the token distribution framework and foster a more sustainable tokenomics model. The Lost Dogs team, focused on community engagement in gaming and NFTs on TON, is pioneering this technology with a new collection that consists of 18,000 NFTs. Each NFT will be priced at 35,000 $WOOF and will yield a reward of 50,000 $WOOF once it is unlocked after the randomized vesting duration. Unlike conventional staking or token airdrops, this model seeks to improve liquidity and stability while encouraging long-term involvement from the community.
Understanding the Mechanism of $WOOF NFTs with Locked Tokens
Each NFT in this new collection comes preloaded with a specific amount of $WOOF tokens. Users can buy these NFTs at a discounted rate. The NFTs feature randomized unlocking periods that can vary between two weeks and up to one year, promoting a gradual release of liquidity. Holders have the option to retain these NFTs for the long haul. After the unlocking period, users can conveniently claim their tokens through the “Claim $WOOF” interface on Getgems, which will facilitate the instant transfer of tokens to their wallets. Once the tokens are claimed, the NFTs will be burned to ensure transparency and eliminate any risk of fraud. While $WOOF is the inaugural token to utilize this locked token feature with NFTs, it is expected that other projects may adopt this model via Getgems, the leading marketplace on the TON blockchain, thereby providing their communities with a versatile solution for token distribution, staking alternatives, and enhanced NFT functionalities.
Innovative Perspectives on NFTs
Ivan Gusev, Head of Fun at Getgems, remarked on the evolution of NFTs, stating, “NFTs have always been about ownership and digital identity, but they have recently evolved into more intricate entities due to new technological advancements.” He emphasized that with the introduction of NFTs with Locked Tokens, a groundbreaking synergy between decentralized finance (DeFi) and NFTs is now achievable. Mad Tail from Lost Dogs added, “Viewing NFTs solely as collectibles is rather limiting. The underlying technology offers the potential for more functionality and entertainment for users. We are enthusiastic about propelling the industry forward and expanding its horizons.”
Launchpad Specifications
The launch of this unique NFT collection is capped at a maximum of 10 NFTs per wallet, aiming to facilitate a wider distribution and mitigate centralization risks. A total of 5% of the overall $WOOF supply is designated for this launch, where each holder can acquire an NFT at a discounted price of 35,000 $WOOF, which includes the promise of 50,000 $WOOF. The program for NFTs with locked tokens was exclusively launched on Getgems on March 27, 2025.
About Lost Dogs
Lost Dogs is a community-centric NFT and gaming initiative within The Open Network (TON). Initially launched in 2022 as an NFT collection featuring unique breeding mechanics, the project has since transformed into an expansive gaming and storytelling ecosystem. It has branched out into a mini-game on Telegram, known as Lost Dogs: The Way, which attracted more than 15 million players within six weeks, alongside an animated series titled Lost Dogs: Magic Quest. Additionally, the project has various experimental releases and is set to introduce NFT Stickers—blockchain-based collectibles for Telegram users. The $WOOF token was launched in January 2025, broadening the available utilities and expanding access within the ecosystem, currently boasting over 115,000 on-chain holders. Lost Dogs is committed to ongoing NFT innovations, continually pushing the envelope of their applications while simultaneously developing its gaming universe that narrates the tale of the lost dogs, enriching the utility of both $WOOF and the original NFT collection.
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