The dogwifhat community has organized several initiatives, such as crowdfunding over $700,000 to get dogwifhat displayed on the Las Vegas Sphere. They have also launched a dogwifhat merchandise store, with profits going to a stray dog charity.
How does dogwifhat work?
Dogwifhat is a simple memecoin with no utility beyond speculation. WIF is an SPL token on Solana with a maximum supply of 998.9 million. There are no mechanisms to affect token supply.
How is WIF used?
WIF is only used for speculative purposes, as it currently has no utility. The price of WIF can be highly volatile, providing opportunities for returns but also high risk.