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LUCKNOW (CoinChapter.com) — The DOGS token has made a spectacular debut on Binance’s Launchpool, with over 1.5 million users already locking their BNB tokens for rewards. This explosive start could be one of the most significant token launches of 2024.
Source: X
DOGS is a new cryptocurrency project that run on the TON blockchain, closely associated with the Telegram messaging platform. Unlike typical meme coins, DOGS aims to provide utility within the Telegram ecosystem. It is a “tap-to-earn” game where users can earn tokens through simple actions on their devices.
One of the most notable aspects of the DOGS project is its massive airdrop campaign. The team distributed 400 billion DOGS tokens to approximately 42 million eligible Telegram users, based on account age and activity. As of the latest update, over 8 million verified users have successfully claimed their DOGS tokens.
A Series of DOGS Listing on Major Exchanges
Following its successful Binance Launchpool debut, DOGS is ready to list on multiple top-tier cryptocurrency exchanges. Bybit, a crypto exchange, announced its DOGS token listing on August 26, joining other major platforms like OKX and KuCoin.
To celebrate the listing, Bybit is launching promotional events with a prize pool of 3.41 billion DOGS tokens. These initiatives include deposit and trading rewards, referral bonuses, and special events like the Wednesday Airdrop and Hot Coin Extravaganza.
DOGS Coin Tokenomics and Supply
The DOGS token boasts a total supply of 550 billion, with 516.7 billion (94%) in initial circulation. The distribution plan allocates 81.5% to the community, 10% to the development team, and 8.5% for exchange listings and liquidity.
While the official listing price is anticipated to be around $0.0011 per token, market analysts predict significant volatility in the early trading days.
The DOGS coin project has seen significant community growth, with its Telegram group expanding by 80% to over 16 million members. Looking ahead, the team plans to introduce tradable and mintable on-chain stickers.
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