Memecoin $DOGS Surges with 8M Users, Set for Binance Launchpool and Major Exchange Listings
August 22, 2024The $DOGS token, part of a popular project on the Ton blockchain, has gained significant traction within the Telegram community, boasting over 8 million verified users who have claimed their airdrop.
As the 57th project in Binance's Launchpool program, DOGS is notable for being the first memecoin featured, highlighting its growing appeal in the cryptocurrency market.
With a community of 53 million users, DOGS Token blends humor, culture, and finance, enhancing its attractiveness to a diverse audience.
A substantial 81.5% of the total supply of 550 billion DOGS tokens is allocated to the community, with 73% specifically for long-time Telegram users.
The tokenomics of DOGS is community-driven, rewarding users based on the age and activity of their Telegram accounts, which fosters engagement.
The staking process for DOGS tokens will commence on August 23, 2024, allowing users to lock their BNB and FDUSD tokens in separate pools for 72 hours.
Trading for DOGS is set to begin on August 26, 2024, at 12:00 UTC, with multiple trading pairs available, including DOGS/USDT and DOGS/BNB.
To celebrate the launch, Bybit is offering promotions with a total prize pool of 3.41 billion DOGS, running from August 19 to September 9, 2024.
DOGS Token has secured listings on 15 exchanges, including major platforms like Gate.io and KuCoin, indicating strong market interest.
Analysts predict that the price of DOGS could peak at $0.00825 before stabilizing around $0.0020625, driven by community enthusiasm and recent exchange listings.
The development team will receive 10% of the total supply, which will be locked in a 12-month vesting period, ensuring long-term commitment.
In addition to its trading features, the DOGS project incorporates a play-to-earn gaming model and unique Bitcoin Ordinal NFTs, broadening its appeal beyond traditional crypto investments.
Summary based on 4 sources
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Sources
Investing.com • Aug 21, 2024
$DOGS Token Launches on Bybit: What Traders Should KnowCointelegraph • Aug 21, 2024
Bitcoin Dogs triple exchange listing is happening todayThe Crypto Times • Aug 20, 2024
DOGS Token Launch: Check info on Huge Airdrop and Trading DatesLive Bitcoin News • Aug 21, 2024
Binance Lists DOGS as Its 57th Launchpool Project | Live Bitcoin News