1. About the coin listing information

Binance will list Dogs (DOGS) at 20:00 (ET) on August 26, 2024, and open DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY trading markets. Seed tag trading rules will apply.

Project Details

2. Project Introduction

DOGS (DOGS) is a meme coin based on the Ton blockchain network. Its image is a black and white dog. The image of this black and white puppy is inspired by the mascot Spotty created by Pavel Durov, the founder of TON.

According to the official introduction: It is the MEME coin that best fits the spirit of Telegram and embodies the spirit and culture of our vibrant community. We introduce the legend of Spotty into the world of cryptocurrency to create a fun, community-driven and unique product.

3. Community Data

From telermetr.io, we can see that DOGS ranks 4th in terms of subscribers, with about 16 million subscribers. In the past 7 days, the number of subscribers increased by about 850,000, ranking first in the top 10. In the past 30 days, the number of subscribers increased by about 9.26 million, also ranking first in the top 10. In addition, DOGS's data also ranks at the top in terms of 7-day and 30-day mentions.

On the main data interface of DOGS, we can see that the channel was created on July 4, 2024, about 49 days ago, and the data is growing rapidly.

4. Token Economy

Token Distribution Details

The distribution of DOGS tokens is different from previous IDO or mining output. The main method of obtaining DOGS tokens is highly bound to the Telegram platform:

(1) Calculated based on the length of time the Telegram account has been used: The longer the Telegram account was created, the more DOGS tokens you may receive. This rule is mainly to reward long-term users of the platform.

(2) Telegram Premium Subscription: Users with a Telegram Premium subscription receive additional benefits and more tokens. This will encourage more people to subscribe to Telegram Premium, thereby enhancing their overall Telegram experience.

(3) OG status: OG (Original Gangster) status means being a long-term active Telegram user. This status can earn more DOGS tokens to recognize loyalty and activity on the platform.

5. Binance coin listing data

(1) Recent data of Binance launchpool

Since the market correction in July, Binance Launchpool has reduced the frequency of listing tokens. The listing of DOGS is the first token after the market correction. Generally speaking, it is worth paying attention to in order to judge the market's preference for the liquidity of newly launched tokens.

(2) On-chain lending cost calculation

Judging from the on-chain borrowing costs, the payback price of DOGS needs to be above 0.000311.

(3) Comparison with other industries

For this peer comparison, we selected the MEME coin, which has been very popular in the market recently, for comparison. From this point of view, the price range of DOGS is between 0.00119-0.00123.

(4) Pre-market trading

OKX launched pre-market trading of DOGS on August 5, 2024. The highest price of the token reached 0.011962 and the current price is 0.003073.

In summary, we believe that the opening short-term price of DOGS is between 0.002-0.003.

6. References

What is the origin of the black and white dog DOGS that quickly gained 1 million followers and went viral on Telegram? chaincatcher

Understanding Binance's latest Launchpool project Dogs (DOGS) in one article Golden Finance