# Dog (Bitcoin) (DOG): D-Score 50.5/100 — Moderately Decentralized

**BlockIndex D-Score: 50.5/100 (Moderately Decentralized).** Dog (Bitcoin) (DOG) is a Layer 2 cryptocurrency using N/A consensus. Dog (Bitcoin): Bitcoin-native Runes memecoin launched via fair airdrop, fully distributed 100B supply, CC0 licensing.

_Source: https://blockindex.ai/coin/dog · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 50.5 |
| Node distribution | 0 |
| Initial distribution | 18 |
| Governance | 21 |
| Age and history | 9 |
| Autonomy | 2.5 |

## Key facts
- Layer: Layer 2
- Consensus: N/A (SHA-256)
- Launch: Airdrop (2024)
- Founder: N/A (Community-driven)
- VC funded: No
- Max supply: 100,000,000,000
- Circulating: 100,000,000,000 (100.0%)

## Market data (as of 2026-06-19)
- Price: $0
- Market cap: $60.79M
- 24h volume: $910,228.09
- 24h change: -4.93% · 7d change: -1.40%

## About
Dog (Bitcoin) (DOG) is a community-first memecoin implemented as a Runes token on Bitcoin Layer 1. Conceived and launched in early 2024, DOG was distributed through a permissionless and open-source airdrop targeted at early adopters of the Ordinals protocol. The project emphasizes maximal decentralization: documentation and market snapshots included with this task indicate a CC0-style public-domain approach, no team allocation or pre-mine, and no formal treasury or corporate entity recorded in the supplied materials. DOG’s public narrative centers on demonstrating Bitcoin-native tokenization at scale while keeping settlement on Bitcoin’s secure L1 UTXO ledger and minimizing on-chain footprint through the Runes convention.

Technically, DOG is not an independent blockchain but a native-token convention residing on Bitcoin’s Layer 1. As such, it inherits Bitcoin’s UTXO model, SHA-256 proof-of-work security, and the immutability characteristics of Bitcoin block settlement. The asset uses the Runes convention (a Bitcoin-native token mapping) rather than an EVM-compatible smart contract standard, and therefore typical smart-contract level telemetry (on-chain contract bytecode, staking, or validator sets) is not applicable in the way it would be for ERC-20 or other contract-native tokens. The supplied materials do not list programming languages, a canonical GitHub repository, or a formal developer roadmap; they do, however, emphasize open-source distribution and community-led maintenance under a CC0-like license.

From an economic and market perspective, DOG was issued with a fixed and fully-distributed supply: the sources report a max supply of 100,000,000,000 DOG and a circulating supply equal to that max (100%). The distribution mechanism is documented as a fair airdrop with no team allocation, and the pipeline extraction explicitly states a lack of pre-mine or developer fund. Price snapshots from CoinMarketCap and related datasets included in the supplied files show active market engagement: a recent sampled price of $0.000951, a recorded all-time high of $0.009947 on December 11, 2024, an all-time low recorded on December 20, 2025 at $0.0009198, and on the snapshot a market capitalization of roughly $95.06M and 24-hour volume of approximately $3.21M. The token has measurable holder counts (reported ~10.17K holders) and decentralized distribution characteristics that reduce concentrated insider risk at issuance.

Governance and organizationally, the supplied materials present DOG as permissionless and community-driven without a named founding team, corporate registration, or on-chain DAO governance model. The extraction documents no CEO, no registered company or foundation, no treasury under community governance, and no VC funding. From a risk and security standpoint there are no documented chain freezes, major hacks, or governance-enforced halts reported in the provided files; the token’s security posture is primarily a function of Bitcoin L1’s security properties. Future development, integrations, and formal governance remain underspecified in the supplied dataset; the project’s available public footprint—listings on market aggregators and DEX-mode links—suggests market visibility rather than an institutionalized governance roadmap.

## Links
- Website: https://coinmarketcap.com/currencies/dog-go-to-the-moon-rune/
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore