DOGS Token Listing Postponed to Aug. 23 Amid Overwhelming Demand. Read CoinChapter.com on Google News
NAIROBI (CoinChapter.com)—The DOGS team announced a delay in its token’s listing, stating that the event has been rescheduled from Aug. 20 to Aug. 23. The move came after 6 million verified users requested direct deposits of their DOGS tokens to exchanges and the Telegram Wallet.
Surge in Demand Prompts DOGS Crypto Listing Delay to Aug. 23
Originally slated for Aug. 20, the surge in demand forced the team to extend the timeline. The extension would allow more time for all participants to claim their tokens. However, users requesting the team to deposit their Dogs crypto directly to exchanges could be a worrying sign.
Traders deposit their Dogs tokens on exchanges to sell them, which could mean a price crash for the token once it launches.
DOGS token update on claim and withdrawal timeline.
To accommodate this demand, the claim period for exchanges and the Telegram Wallet will now stay open until 6:00 PM (UTC) on Aug. 21. For those using non-custodial wallets, the claim option will become available at 8:00 AM (UTC) on Aug. 23, just before the listing.
Expanded Withdrawal Options and Final Listing Date of DOGS Token
Moreover, the DOGS team has also expanded withdrawal options. Users can now withdraw their DOGS tokens to a wider range of platforms, including various exchanges, the Telegram Wallet, and non-custodial wallets.
The decision would help ensure that all participants can securely access their tokens and prepare for the upcoming listing.
DOGS Community opened the claim to Telegram Wallet and CEX function.
Users would be able to withdraw DOGS tokens across platforms, including exchanges such as Bitget, OKX, ByBit, and the Telegram Wallet. These options are now live, though users could face high load times on the app and may need to try accessing the “claim” button multiple times.
The DOGS listing is now set for 12:00 PM (UTC) on Aug. 23, with the final stage of the token launch, the Token Generation Event (TGE), taking place simultaneously. The team claimed that the delay would help ensure a smooth and successful launch, accommodating the large number of participants and the expanded withdrawal options.
Tokenomics of DOGS and Airdrop Details
Over 42.2 million users are eligible to claim the airdrop, with each claim averaging 9,500 DOGS. The total supply of DOGS is 550 billion tokens. Of this, 81.5% has been allocated to the community, with Telegram OGs receiving 73%.
Additionally, 10% of the tokens are reserved for the group and upcoming projects, while 8.5% support listing and liquidity-related operations.
DOGS Community tokenomics breakdown chart.
In the coming weeks, the DOGS team will also introduce tradable and mintable on-chain stickers. Users can begin claiming tokens to non-custodial wallets starting on Aug. 20.
However, they will need Toncoin to cover gas fees for blockchain transactions. Users must ensure a sufficient Toncoin balance in their wallets, which can be purchased using Stars or through exchanges.
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