The DOGS token, a highly anticipated community-driven meme cryptocurrency, is set to debut on August 23rd on major exchanges, including Binance. With an initial supply of 100 billion tokens, DOGS held a successful pre-sale at $0.002 per token. As the total supply expands to 550 billion, DOGS will enter the market with full circulation, targeting a fully diluted market cap of approximately $1.1 billion.
Token Allocation Breakdown:
81.5% Community Allocation: The majority of DOGS is dedicated to the community, with 73% reserved for Telegram OGs who have actively participated in the DOGS ecosystem. The remaining allocation will reward traders, sticker creators, and future community members, ensuring widespread ownership and engagement.
10% Team and Development: This portion is earmarked for the development team, with a 12-month vesting period, underscoring the project's commitment to long-term growth and sustainability.
8.5% Liquidity and Listings: A strategic allocation to ensure robust liquidity on centralized and decentralized exchanges (CEXs and DEXs), and to support listing-related events.
Market Dynamics and Price Estimation:
DOGS has already attracted significant attention, with over 8 million verified users having deposited into exchanges and the Telegram wallet. With its popularity and the confirmed listing on Binance, the initial market cap on the listing day is projected to be around $495 million, translating to an estimated initial trading price of $0.0009 per DOGS. This reflects the token's robust demand and potential for rapid growth in the meme coin space.
DOGS, originating from popular platforms like VK and Telegram, is poised to become a prominent player in the meme token market, leveraging its large, active community and strategic exchange listings. As DOGS gears up for its launch, the market is watching closely, anticipating strong performance and broad adoption.
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Source: DOGS community for token allocation.