DOGS, a meme coin tied to the Telegram community, will be officially available on major exchanges starting August 26. The upcoming event has generated a lot of hype, especially among messenger users, where the project first gained traction.
Here are key things you need to know before DOGS starts trading.
Telegram Meme Coin DOGS Starts Trading Tomorrow
DOGS, a meme coin linked to the Telegram messenger, will begin trading tomorrow on major platforms like Bybit, OKX, and Gate.io. Inspired by “Spotty,” a mascot created by Telegram founder Pavel Durov, the project quickly gained traction, especially after being featured in Binance’s 57th Launchpool.
The team initially scheduled the DOGS listing for August 20th. The decision to push back the listing came in response to overwhelming community demand. Despite the delay, excitement remains high with the upcoming airdrop still on track, keeping momentum strong.
“6 million verified users have requested a direct deposit of their $DOGS to exchanges and Telegram Wallet — nothing like this has been seen before in crypto!” the project team shared.
Read more: What Are Telegram Mini Apps? A Guide for Crypto Beginners
Unlike other meme coin projects, DOGS provides real utility within the Telegram ecosystem. It operates on TON blockchain and distributes most of its tokens to long-time, engaged users.
The system rewards them based on the age and activity of their accounts. The DOGS team plans to introduce more features within the messenger, including meme stickers that users can mint and trade on-chain, as well as customizable content.
The token has a fixed supply of 550 billion DOGS. The “Dogenomics” allocates 81.5% of tokens to the community, with 73% reserved for long-time Telegram users, and the remaining portion distributed to traders and future community members. Since there are no locks or vesting periods, users can trade or use their DOGS immediately after the airdrop.
The team reserved 10% of the total supply for themselves and future development, with most tokens locked in a 12-month vesting period. They also set aside 8.5% for liquidity across centralized and decentralized exchanges and for listing activities.
As excitement builds around the DOGS Token, analysts have begun sharing a range of price predictions. Early estimates suggest the token could start trading at approximately $0.0005.
Read more: Top 7 Telegram Tap-to-Earn Games to Play in 2024
While these forecasts are speculative, the recent listings on multiple exchanges and strong community interest indicate a promising outlook for DOGS. However, traders and investors should conduct their own research, as meme coins are highly volatile and carry considerable risks.
Trusted
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
